Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (224831)	3/18/2005 4:11:43 PM
From: combjelly	Read Replies (2) of 1572618

"Oil is fungible." Not that fungible. Consider, you are running a refinery. Your refinery can handle light, sweet crude at $55 a barrel or heavy, sour crude at $37 and you get equivalent products. Now true, the costs to process the heavy crude is a little more, but no where near $18 a barrel. No one who can process heavy crude is buying light crude right now. Period.

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