Tuesday, September 4, 2012
Price of Crude Way Above $70 a Barrel -- City Needs to Recompute Revenues
If you read this chart for the price of Crude Oil -- and factor in that crude oil taken from Long Beach commands a slightly higher price than the posted WTI Crude -- you will see that the price remained way above the $70 now booked in the City Budget.
What does that mean? More revenue for the City.
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