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Politics : Bush-The Mastermind behind 9/11?
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To: Raymond Duray who wrote (5440)2/26/2004 3:44:48 AM
From: GUSTAVE JAEGER  Read Replies (1) of 20039
 
Re: API specific gravity.

Iraqi oil is light, sweet crude and highly desirable as a refinery feedstock. West African oil is more variable and generally sells at a discount to the prized Iraqi crude.

C'mon Ray!! Don't be so PICKY!!
West African crude is to oil what 100%-Arabica blend is to coffee --straight from the horse's mouth:

Accessing oil from West Africa is clearly advantageous for the US. First, it is prolific and relatively untapped. Many new discoveries in West Africa are coming into production just now, and new ones can be reasonably expected for the remainder of the decade. Nigeria alone expects its production of oil to increase almost 50% by 2004 as a result.

Second, the oil itself is uniquely suited for the US market. The West African oil generally is good quality, low sulfur and perfect for refining in US Gulf port refineries which operate under tight environmental restrictions. The oil is also geographically close to US Gulf refineries. The oil offshore West Africa in particular can be loaded from offshore production facilities and shipped across open ocean without having to be transshipped and/or sent through geopolitically dangerous straits. By way of example, it is shorter to send Nigerian oil to US Gulf ports than to send it to Rotterdam in Europe. As a result of the suitability of the oil, over 60% of Nigerian oil exports currently come to the US.

Political risk in West Africa, while present, is not nearly as great as in the Middle East and many other major oil producing provinces in the world. West Africa is not subject to competing ideologies, like communism. Moreover, it is for the most part not dominated by combative political cultures, like radical Islam.
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