South Louisiana Sweet Crude (SLSC) is the best oil in the world. The world is paying more for SLSC than for any other oil - so it must be the best.
It is also the best kept secret in the oil business. Take a look at the three charts below. The charts are a snapshot of today's price for South Louisiana Sweet, Brent and West Texas. Which oil would you like to be exploring for and selling?
All the talk in the industry is about the spread between Brent and West Texas. All the talk in Louisiana is about the LSU football team. We are not talking about the best kept secret in the oil business.