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pete807

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pete807

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Re: jugs post# 303

Monday, 12/17/2018 4:59:48 PM

Monday, December 17, 2018 4:59:48 PM

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Could it be that investors are seeing the spread widening between WTI and Brent?

We are under $50 and Brent is over $60! Spread was that large earlier this year too but both prices were much higher...

Dec1 2016 spread was $5

Remember the days of good spreads and the ALDW, NTI cash generation?

The spread was just the $5 cost of tanker shipping to overseas refiners when we first repealed the export ban.

Yes, the US refiners lost much of that advantage they had when we banned export.

Production is bringing that advantage home.....

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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