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Energy Investing
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Re: Excellent Thread on SPR ReleaseNobody will touch it ???? ……they buy every release !!! US refiners are regular buyers….nothing new there….and nothing new with quality….the buyers know exactly what it is. Quality is a non issue. Again, I don’t know who would be interested in a swap….I would expect them to outright buy it. Swaps are for Hurricane season when ships can’t discharge and refineries don’t want to shut down. The only thing that matters is price….SPR documents adjustment for deviation in quality against a standard. The buyers know exactly what they’re buying. And I really do think most of it stays in the Gulf Coast….they’re the ones who are built to handle it. |
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