Sunday, February 15, 2009

Crude oil is getting cheaper — so why isn't gas?

Basis risk is something that many do not understand at first. That should change with this example!From Yahoo: Crude oil is getting cheaper — so why isn't gas?: ""Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending

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