Monday, January 18, 2016

CRASH Koch Brothers Offer to Pay $1.50 per Barrel for North Dakota Sour Crude



Bloomberg reports:
Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude.
Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a corrected list of prices posted on its website Monday...The crude is down from $13.50 a barrel a year ago and $47.60 in January 2014...

I am telling my EPJ Daily Alert subscribers to be on the same side at the Koch brothers: Buy oil stocks aggressively at these cheap prices.

2 comments:

  1. Good luck to anyone buying oil right now. You're going to need it.

    ReplyDelete
  2. Once the Saudis are successful at destroying the American oil industry - with the help of the Obama administration - expect oil to skyrocket again.

    ReplyDelete