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There Is No Oil Price
Substack.com·July 29, 2026·1 min read
AI Summary
This piece explores the complexities of oil pricing, focusing on the midstream sector and the ownership dynamics from production to consumption. It also examines the financial impacts of wars on oil revenues and their allocation.
From the source
The Oil Primer, Midstream. Everything between the wellhead and the engine, who owns it, and where the war's money really landed.
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