tag:blogger.com,1999:blog-4900303239154048192.post6941274279071319856..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Update On Oil And The Arab UprisingUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4900303239154048192.post-13250457881137523642011-03-04T04:36:02.962-05:002011-03-04T04:36:02.962-05:00hate to nitpick an otherwise good analysis, but &q...hate to nitpick an otherwise good analysis, but "Brent crude, which is the price most of the world outside the US pays"<br /><br />most of the oil being refined in the US is at the Brent price as well...WTI is priced lower because it's landlocked in Cushing OK, and the infrastructure to transport it to refinerys is two years from completion...jim hamilton has an excellent discussion of this...<br /><br />http://www.econbrowser.com/archives/2011/02/brentwti_spread.htmlrjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com