Very nice graph Mr 5%. Thanks for putting in the effort. This shows very clearly the dire state the world's importers are in. I notice that the pain is not being shared equally either. The Saudies are cuttting to Asia while maintaing to their good friends in the US. No doubt the other exporters will do the same given the amount of fire-power the US has in the area. Thus the Malaysian Tapis price is $75.40 while the WTI hovers below $70. As I see it, Asia (+ NZ which bases it's retail price on the Tapis) is screwed. Well...screwed first anyway! How do you see it playing out? Cheers Peter
1 comment:
Very nice graph Mr 5%. Thanks for putting in the effort. This shows very clearly the dire state the world's importers are in. I notice that the pain is not being shared equally either. The Saudies are cuttting to Asia while maintaing to their good friends in the US. No doubt the other exporters will do the same given the amount of fire-power the US has in the area. Thus the Malaysian Tapis price is $75.40 while the WTI hovers below $70. As I see it, Asia (+ NZ which bases it's retail price on the Tapis) is screwed. Well...screwed first anyway! How do you see it playing out?
Cheers
Peter
Post a Comment