January 18, 2016

THERE IS NO FLOOR:

The North Dakota Crude Oil That's Worth Less Than Nothing (Dan Murtaugh, January 18, 2016, Bloomberg)

Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch's industrial empire, said it offered to pay $1.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a corrected list of prices posted on its website Monday. It had previously posted a price of -$0.50. 

Posted by at January 18, 2016 5:29 PM

  

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