Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel

Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is already showing up in the fuels people actually buy. As OilPrice reports, "Nobody on the planet earth consumes crude oil,” Currie told CNBC. Refineries do. Everyone else consumes gasoline, diesel and jet fuel, and those markets look considerably uglier. European diesel wa...

By Tyler Durden