Brent Blend
Categories: Econ, Regulations
Sweet, sweet oil.
Literally.
Brent is one of several types of crude oil that is used as a benchmark for commodity traders. It's considered “sweet” because it contains less than 0.42% sulfur (it comes from the North Sea, while the other widely used benchmark is West Texas Intermediate).
One summer, following a vacation in Norway, Ellie Mae returned home with news that she had met and gotten engaged to an oil magnate from Trondheim. While she expected her grandfather, an oilman in his own right, to be pleased, Ol’ Jeb scoffed at her announcement, remarking “That Brent Blend stuff isn’t ‘real oil’ like we have here in Texas!”
#Murica
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Finance allah shmoop what are petro dollars Well they're just
money received from the mining of this guy's blood and
guts because yeah oil that's where it comes from yesterday's
stegosaurus is today's refined petroleum and we're talking about a
massive amount of dollars here like you could call them
master dollars or t rex a dollars or try sarah
dollars big wealth in the nineteen seventies came from the
petro era in the same way that it's led today
by amazon facebook and google When oil prices suddenly spiked
in the seventies the people who won well they were
the ones who had massive oceans of it underground We're
looking atyou saudi arabia and you texas and in times
when there is so much money coming into a system
with a shock well the economic driver of that wealth
becomes a kind of currency itself In fact china's made
all kinds of noise about making their currency now and
oil standard upgrading from the old gold silver and bronze
medal of shame standard that western civilization well he used
to hold so dear petro dollars petro wealth were still
feeling it and weigh no that that makes this guy
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