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wEaReLeGiOn

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wEaReLeGiOn

Re: Steady_T post# 173542

Tuesday, 03/27/2012 12:00:19 PM

Tuesday, March 27, 2012 12:00:19 PM

Post# of 312025
Crude oil in the ground is free for the taking!

Under that bit of logic, Juicy John's oil costs ten times as much.

Oil prices are controlled by the margins. Consider that WTI is about $18/bbl cheaper than Brent oil. If JBI brings additional fuel supplies online that price gap will widen. Maybe not by much but a change of 50¢ a bbl is huge amount of money. The US consumes about 19,000,000 bbls a day of oil.
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