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United States Oil Fund LP V.USO.RT


Primary Symbol: USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.


ARCA:USO - Post by User

Comment by RayTeeon Apr 19, 2017 2:27pm
171 Views
Post# 26138556

RE:RE:RE:News Release - April 13, 2017

RE:RE:RE:News Release - April 13, 2017strangely quiet. 

I thought the news was positive.  They are starting up.

I suppose that some thought we would have produced oil by now, but that is not realistic based on what I saw of the process.

This appears to be operating very much like a mining operation, and as such, the commissioning and ramp up process takes some time.

and I am reasonably certain that the fact we are using a relatively new technology does not speed up the process.

sure we have run a test plant operation at 50 BPD, but running a larger scale operation at 2000 BPD is not the same.  There will be problems and hiccups along the way.  I have no doubt of that.
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