{"id":3723,"date":"2011-12-21T23:37:08","date_gmt":"2011-12-22T04:37:08","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=3723"},"modified":"2011-12-22T01:30:24","modified_gmt":"2011-12-22T06:30:24","slug":"wti-brent-spread-is-down-to-9","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=3723","title":{"rendered":"WTI \/ Brent spread is down to $9"},"content":{"rendered":"

This is a followup to this post<\/a>\u00a0about the huge spread in price between American oil and European oil prices.\u00a0\u00a0\u00a0 For the best part of a year, the difference between oil in Cushing Oklahoma (the American Benchmark price) had hovered around $26 a barrel.\u00a0\u00a0 Saudi Arabia charges the Brent (North Sea) oil price.<\/p>\n

Well, that $26 spread dropped fairly rapidly to $10.\u00a0\u00a0 It’s more that the Brent price dropped than the US price went up, at least I think that’s the case.<\/p>\n

Two things have changed – the Libyan oil fields have started pumping oil again, and the company that operates a pipeline between Cushing and the Gulf Coast hs decided to reverse the direction – pumping oil from Cushing (arriving from Canada) toward the Gulf for refining and\/or export intstead of the current direction pushing imported oil to a place that no longer needs it.<\/p>\n

http:\/\/www.businesswire.com\/news\/home\/20111117006601\/en\/Fitch-Seaway-Pipeline-Reversal-Alleviate-Cushing-Crude<\/p>\n

Canada is already preparing plans to build a pipeline to the Pacific Ocean to bypass the Obama Administration in order to sell its oil to Asia.<\/p>\n

http:\/\/news.investors.com\/Article\/595537\/201112211846\/america-dithers-canada-oil-looks-abroad-.htm<\/p>\n","protected":false},"excerpt":{"rendered":"

This is a followup to this post\u00a0about the huge spread in price between American oil and European oil prices.\u00a0\u00a0\u00a0 For the best part of a year, the difference between oil in Cushing Oklahoma (the American Benchmark price) had hovered around … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,104],"tags":[],"class_list":["post-3723","post","type-post","status-publish","format-standard","hentry","category-american-politics","category-global-finances"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/3723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3723"}],"version-history":[{"count":5,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/3723\/revisions"}],"predecessor-version":[{"id":3769,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/3723\/revisions\/3769"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}