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Re: yman post# 37555

Monday, 04/06/2015 5:53:22 PM

Monday, April 06, 2015 5:53:22 PM

Post# of 38473
They are probably very busy trading oil too

http://fuelfix.com/blog/2015/04/05/louisiana-oil-port-made-for-import-rents-domestic-storage/
....Though LOOP’s contracts are much cheaper, Busch said there are some drawbacks. He said one is that the contracts require the oil actually be delivered on a set delivery date. The oil can’t be traded out with offsetting contracts.

Moreover, oil most be moved by barge from a port to LOOP.

All of that costs money, Busch said. Then the trader has to find a buyer for the actual oil and sell it, and securing a profitable price is not a sure thing.

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