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Tuesday, September 4, 2012

Price of Crude Way Above $70 a Barrel -- City Needs to Recompute Revenues

WTI Crude Oil
$67.24 ▼-4.31   -6.41%
2025.04.03 end-of-day



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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