OIL / USA : Clearing-up Confusion About...Cushing And Contango.

http://www.businessweek.com/articles/2012-09-27/the-oil-hub-where-traders-are-making-millions

     Regular visitors know this blog's editor is fascinated by oil and nat gas.
     Purely as an academic exercise...not as a speculator...or with financial gain.
     Because...in the USA...the ups and downs of gas prices and effects of world events on the oil markets...are literally in your face daily...posted in big numbers on thousands of petrol stations.
     While California is suffering $5.00+ regular...here in Austin...HEB supermarkets can sell $3.32 regular per gallon. 
     Why is that? 
     The answer is...Cushing, Oklahoma and its pipelines.
     If the oil/nat gas biz interests you...Businessweek recently featured a well written and easy to understand piece by Matthew Philips titled...'Psst...Wanna Park Some Oil?'

     Philips explains clearly...with excellent illustrations...the importance of the little town of Cushing, Oklahoma...for USA supply and Wall Street speculation...and even the mysterious...'contango.'