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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (224916)	3/18/2005 8:57:37 PM
From: TimF	Read Replies (1) of 1572690

Unlikely. There has always been a significant price differential, but only a few smaller refineries have been modified. I said modified or built. If it is to hard to modify them new ones will be built instead. And given the fact that no new refineries have been built in the US since 1970... That's unfortunate but any if they are built elsewhere it also helps. Most of the refineries in China already handle heavy, sour crude. Their output is already earmarked for the Chinese market. Ditto with India. Doesn't matter. Partially because those are not the only places where refineries can be built but mostly because we don't have to import gasoline from them in order for the extra supplies of heavy crude combined with refineries that can handle it, to help us. If there is more heavy crude available then it can meet China's and India's growing needs. Their imports of light crude will not go up as much. So importing gasoline isn't like importing, say, sugar. Bad example. Sugar imports are heavily controlled in the US, leading us to pay a much higher price than most of the rest of the world. Tim

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