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Tuesday, June 8, 2010 at 12:01 AM
12:01AM

The global demand center gets discounts

DateTuesday, June 8, 2010 at 12:01AM

Pretty basic chart that shows Asia paying higher-than-European prices for Saudi light crude seven out of the last ten years (2000-2009), only to start receiving a steep discount in the second and third months of this year, suggesting that a worm has indeed turned.

Nothing weird or unexpected about this:  demand = power and being the global demand center = the biggest discount for bulk buying, made affordable to producers by economies by scale.

AuthorThomas P.M. Barnett CommentPost a Comment | Reference1 Reference |
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