Lacking a legal way to export crude, Saudi America was supposed to find a way to export shale surpluses by way of product markets. Turns out, however, there’s only so much the US system can export in this way. Not because it doesn’t want to, but rather because there’s a fresh bottleneck impeding such exports.
Friday, November 29, 2013
Oil export ban harms the economy
Mind the WTI-Brent spread!
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