And here I have been blaming Buffett and the BN rr all along.
posted on 06/27/2013 6:37:06 PM PDT
by Grams A
(The Sun will rise in the East in the morning and God is still on his throne.)
To: Grams A
Actually, Buffett and BNSF have created a situation which benefits producers in North Dakota and Montana, opening new markets for Bakken/Three Forks crude which have reduced the discounts on produced oil. The other spinoff is the drop in price for Brent Crude, because Eastern refineries have access to Bakken/Three Forks light sweet crude by rail.
Buffett makes money on the shipping, the oil companies make money because they are getting a better price per barrel, and the Eastern refinieries aren't buying as much overseas oil.
Whether that was the intent or not, it works for everyone.
posted on 06/27/2013 9:04:33 PM PDT
by Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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