Beware. There are two kinds of oil. There is currently an excess of sour crude, and a shortage of sweet crude. This is what allows Libya and Saudi Arabia to say there is an abundance of supply and that the price is higher than it should be, yet the price to continue higher. The Iranian tankers are full of sour crude.
This conflation of the two kinds of crude is being purposely planted by various players - the same ones who are hiding their manipulation behind the word "speculation". This is the latest favorite style of lying: use an ambiguous word. Various media that should know better are happily playing along to attract eyeballs.
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Beware. There are two kinds of oil. There is currently an excess of sour crude, and a shortage of sweet crude. This is what allows Libya and Saudi Arabia to say there is an abundance of supply and that the price is higher than it should be, yet the price to continue higher. The Iranian tankers are full of sour crude.
Jun 27 09:03 am
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All Comments by GH »Kling's Oil Speculation Question [View article]
This conflation of the two kinds of crude is being purposely planted by various players - the same ones who are hiding their manipulation behind the word "speculation". This is the latest favorite style of lying: use an ambiguous word. Various media that should know better are happily playing along to attract eyeballs.