Now here's a game changer for WTI
Sometimes a problem, (like the current supply glut in Cushing) can be solved simply by a stroke of the pen...... you know, by offering lighter WTI to a wider group of buyers that were, (until now) prevented from accessing the product. The initiative discussed below is not only doable but looks like a “fait accompli.” And high time too! It offers real flexibility for American producers and will likely narrow the spread between WTI and Brent. But most importantly it sets the stage to put the U.S drillers back into the game and allows North America to compete without one hand tied behind their back.