Like what you've read?

On Line Opinion is the only Australian site where you get all sides of the story. We don't
charge, but we need your support. Here�s how you can help.

  • Advertise

    We have a monthly audience of 70,000 and advertising packages from $200 a month.

  • Volunteer

    We always need commissioning editors and sub-editors.

  • Contribute

    Got something to say? Submit an essay.


 The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
On Line Opinion logo ON LINE OPINION - Australia's e-journal of social and political debate

Subscribe!
Subscribe





On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.
___________

Syndicate
RSS/XML


RSS 2.0

The oil information cartel is (finally) broken

By Keith Schaefer - posted Tuesday, 5 December 2017


A determined James Stafford of OilPrice.com just busted wide open an oil industry information cartel that has existed for decades.

Most investors look at WTI and Brent prices at Bloomberg or CME Futures, and figure the oil price is in the public domain. You would be about 2 percent correct, because there are hundreds of different grades of oil, and hubs where it is bought and sold. And they all have different prices.

Since the age of oil began until a few months ago, most real time oil prices were jealously guarded by marketers, who used it to their advantage in the daily multi-billion dollar physical oil trade.

Advertisement

But I'm going to tell you the story of how Stafford and his small team made 18 months of calls, cajoling and ultimately paying for an amazing service you now get FOR FREE. It's a true David vs. Goliath story. And just like in the Bible, the little guy won.

What they have assembled to date is remarkable, and free. You can access it through the link below:

https://oilprice.com/oil-price-charts

This is an incredible and unprecedented collection of information available for the public.

Stafford says that the feedback he has received has been exceptional. With no marketing effort the oil price page is already receiving 40,000 visits daily.

It was an 18 month quest to democratize the world of oil pricing and bust the information cartel that has existed for decades.

Advertisement

A Simple Question – With No Easy Answer

Stafford's quest started well over a year ago when he received a phone call from a reporter working for the Wall Street Journal. The journalist wanted help finding a simple piece of information.

He was writing an article about the African oil industry and simply wanted to know the current price for Bonny Light crude oil (the main benchmark price for Nigerian crude).

  1. Pages:
  2. Page 1
  3. 2
  4. 3
  5. 4
  6. All

This article was first published by Oil & Gas Investments Bulletin.



Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

1 post so far.

Share this:
reddit this reddit thisbookmark with del.icio.us Del.icio.usdigg thisseed newsvineSeed NewsvineStumbleUpon StumbleUponsubmit to propellerkwoff it

About the Author

Keith Schaefer is the publisher of the Oil & Gas Investments Bulletin, an investment newsletter that looks at opportunities within the Canadian small cap oil sector.

Creative Commons LicenseThis work is licensed under a Creative Commons License.

Article Tools
Comment 1 comment
Print Printable version
Subscribe Subscribe
Email Email a friend
Advertisement

About Us Search Discuss Feedback Legals Privacy