Exploring Hydrocarbon Depletion
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ubercynicmeister wrote:Y'don't think it could be to do with the fact that the North Sea is really running out much faster than even the idiot Economic Rationalists are letting on?
rogerhb wrote:We all know that oil is fungible and all of that, but surely as the prices rise the cost of physical delivery will also go up (as that takes, you guessed it, oil).
So presumably, the actual location of the oil may start to make more of an impact in the pricing, as the final recipient is going to have to pay for both the oil and delivery?
I'm not an economist or trader etc, just using my head.
ubercynicmeister wrote:AHH, well if you can add and subtract, then you are over-qualified to be an economist. Heck, we wouldn't want you showing up your "collegues", now, would we?
kmann wrote:That makes sense to me. Thanks MrBill!
Marklar wrote:Somewhat related question,
how come the WTI spot and future prices almost always seem to agree at the end of the day?
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