It doesn't matter if in Texas wells are producing it at a penny for barrel, if the global prices are high that oil is going to be sold to Philippinos, Japanese, Italians or South Africans.
So, at the same time, it doesn't matter if some new routes open or close, it doesn't particularly favor one or the other buyer, it's still sold globally on a bid.
It doesn't matter if in Texas wells are producing it at a penny for barrel, if the global prices are high that oil is going to be sold to Philippinos, Japanese, Italians or South Africans.
So, at the same time, it doesn't matter if some new routes open or close, it doesn't particularly favor one or the other buyer, it's still sold globally on a bid.