Improved Crude Transportation Reduces Price Spread
More infrastructure helps reduce spread between West Texas, Brent crude
Increased rail transport and more pipeline infrastructure are narrowing the gap between international and domestic oil prices. Amy Myers Jaffe, executive director for energy and sustainability at UC Davis, says new pipelines and other transportation modes help alleviate “giant price aberrations.”
According to a new report, the Texas A&M University System chancellor’s annual review takes place behind closed doors and without written records made available to the public. Kimberly Elsbach, UC Davis associate professor of management, said private evaluations allow regents to be frank in their impressions, but could also lead to people misunderstanding the process.
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