-
Why would the price of oil on the spot market be 40% than the cost of production?
FORBES: Getting Hosed At the Pump? Don't Dare Blame Obama
-
It means that we have an energy policy so that our economy is not subject to the whims of the spot oil market.
WHITEHOUSE: Remarks by the President at a DNC Event
-
The scramble to secure oil supplies now and into the future has contributed to the sharp increase in the price of oil on both the spot market and for future delivery.
FORBES: How to Stop the Spike In the Price of Gasoline
-
The spot market is where oil companies buy (relatively) small volumes of oil for short term delivery.
FORBES: Obama Released the SPR, and All He Got Was...Nothing
-
Rich and Green, who essentially invented spot-market trading in oil, aroused the scrutiny of the U.S. Justice Department for their shady Middle Eastern trades in the 1970s.
FORBES: The World's Richest Tax Cheats
-
China will import cheap U.S. gas into Asia, basing prices on spot market fundamentals rather than expensive oil indexed gas contracts.
FORBES: Obama Ground Zero: Why Cheap American Energy Is The Death Of American Power
-
Now I do not believe that ExxonMobil buys a very large portion of their supply from the spot market and that the vast majority of their oil comes from their own fields or long term contracts.
FORBES: Getting Hosed At the Pump? Don't Dare Blame Obama
-
ADNOC, Abu Dhabi's state oil company, which controls some 9% of the world's proven oil reserves, sells a big chunk of its production on the spot market and could channel it through the proposed commodities exchange.
ECONOMIST: Finance in the Gulf
-
Oil pumped in the Gulf of Guinea comes ashore, via the international spot market, in the form of billion-dollar transfers that have made Lagos a regional financial centre.
ECONOMIST: Nigeria's prospects
-
What about the contango effect (when the price of a barrel of oil for delivery in six months is higher than an identical barrel bought on the spot market today)?
FORBES: Magazine Article
-
The most obvious is quality control: the market is infested with snake-oil salesmen, and they are harder to spot from half a world away.
ECONOMIST: Schumpeter