Monday, January 6, 2014

Something odd to think on

The price of a barrel of oil is not set by a barrel of one of the trillions of Wahabi Saudi oil barrels.

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.

No comments: