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ProShares UltraShort Bloomberg Crude Oil Message Board

  • lruske lruske Dec 1, 2011 9:43 AM Flag

    WTI vs Brent

    No matter what is happening with the world economy it appears the drillers and pipeline operators are determined to eliminate the WTI market and put all the oil drilled in the US and Canada straight into the brent market. The pieline companies offer North American drillers a premium price for their oil in exchange for supporting their efforts to pipe every drop they can get their hands on straight to the Gulf of Mexico and into the global market. Just like the bankers who are looting the American financial system these guys are looting the natural resources that belong to the american people. Any cost benefits and security that we could realize from some energy independence from the middle east will be denied to the masses and a small handful of opportunist make millions off the deal.
    Same story , different day.

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