The people in Wall Street opt for pricing a barrel of oil by how much:
a barrel of sweet Brent oil costs
and
a barrel of texas sweet oil costs
The cost of a barrel of brent and texas sweet were about the same. However recently there has been a divergence; and texas sweet cost less.
Every dollar increase in a barrel of oil represents an incredibly vast transfer of wealth from the West and all other countries, into the pockets of the Wahabi Saudis - something you really do not want to do.
And today, the oil in stock in the U.S. Gulf refineries is full.
Happy News!
The the wicked price of a barrel of oil stands to drop in 2014.
And may we suggest to Wall Street to set the bar of oil for the world at what it actually might be for a barel of Saudi oil. And NOT re what a barrel of Brent oil costs. The Brent oil field are coming to its end times So every barrel will be valued more and more as time moves on. And with it our pump prices for gas will go up and up.
Let us stop doing this - now and forever.
We slit our own throats.
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