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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (224906)	3/19/2005 3:37:35 PM
From: tejek	Read Replies (1) of 1572689

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. 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. A refinery has not been built in this country in over 20 years. ted

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