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How do you explain the spread between WTI and Brent?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Thu Mar 27th, 2014 at 09:15:52 AM EST
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Infrastructure limitations. Keystone XL will eliminate them.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Mar 27th, 2014 at 09:28:06 AM EST
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since two years, infrastructure limitations were circumvented by vastly increased use of tar sand trains (includes fracked hydrocarbons)... and the number is still increasing strongly.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin
by Crazy Horse on Thu Mar 27th, 2014 at 09:56:09 AM EST
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Without the trains, the divergence would be even greater. It's no coincidence that the divergence materialized at the same time as the shale oil boom.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Mar 27th, 2014 at 10:53:35 AM EST
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You mean financial arbitrage is not the only force at play? I'm SHOCKED, I tell you, SHOCKED

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sun Mar 30th, 2014 at 06:19:05 AM EST
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