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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (224906)	3/18/2005 8:23:22 PM
From: combjelly	Read Replies (1) of 1572637

"If the price difference stays $18 a barrel or anything close to that then refineries to use the heavier crude will be built or current refineries will be modified." Unlikely. There has always been a significant price differential, but only a few smaller refineries have been modified. Do you know why? It's probably easier and cheaper to build a new refinery than do this sort of modification. And given the fact that no new refineries have been built in the US since 1970... Most of the refineries in China already handle heavy, sour crude. Their output is already earmarked for the Chinese market. Ditto with India. We do import gasoline, but the terminals need to be designed specifically for it. Besides, there are different blends used for different parts of the country and the blends change depending on the season and expected temperatures. So importing gasoline isn't like importing, say, sugar.

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