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Gas UNDER $1.00/Gallon in Michigan...
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<blockquote data-quote="Babagounj" data-source="post: 2015028" data-attributes="member: 12952"><p><a href="http://www.bloomberg.com/news/articles/2016-01-18/the-north-dakota-crude-oil-that-s-worth-less-than-nothing" target="_blank">http://www.bloomberg.com/news/articles/2016-01-18/the-north-dakota-crude-oil-that-s-worth-less-than-nothing</a></p><p></p><p>Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, <a href="https://www.fhr.com/refining/bulletins.aspx" target="_blank">said it would pay</a> -$0.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a list price posted on its website. That’s down from $13.50 a barrel a year ago and $47.60 in January 2014.</p><p>“Telling producers that they have to pay you to take away their oil certainly gives the producers a whole bunch of incentive to shut in their wells,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 2015028, member: 12952"] [URL]http://www.bloomberg.com/news/articles/2016-01-18/the-north-dakota-crude-oil-that-s-worth-less-than-nothing[/URL] Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, [URL='https://www.fhr.com/refining/bulletins.aspx']said it would pay[/URL] -$0.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a list price posted on its website. That’s down from $13.50 a barrel a year ago and $47.60 in January 2014. “Telling producers that they have to pay you to take away their oil certainly gives the producers a whole bunch of incentive to shut in their wells,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston. [/QUOTE]
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