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Suppose I find myself in possession of an Ecuadorean crude oil unit. Can Ecuador refuse to sell me the equivalent volume of oil in exchange for my unit at a time of my choosing?

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Mon Jul 13th, 2009 at 11:46:35 AM EST
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Yes. But I don't see crude oil as being the source of these Units directly.

I see crude oil producers entering into processing partnerships with refiner/transport infrastructure service providers, and thereby having entitlements (through "equity Shares" in the flow) to Units redeemable in carbon fuel Units.

These are much more homogeneous, and with a fixed price by reference to an energy standard.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Jul 13th, 2009 at 12:52:56 PM EST
[ Parent ]

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