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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: miraje who wrote (101005)5/18/2008 2:32:59 AM
From: energyplay  Read Replies (1) of 206302
 
market for heavy, sour crude ?

>>>"
If it's true that the only "excess capacity" that the Saudis possess is of the heavy sour variety, of which there's currently a glut due to refining limitations, then I don't see how pumping more of it will lower prices. " <<<

They Saudi oil can replace some of the Venezuelan production which is continuing to decline, especially the heavy oil part.
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