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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (138474)	8/2/2001 12:12:15 PM
From: combjelly	Read Replies (1) \| Respond to of 1570867

"When you add to the world wide supply of oil you decrease the world price." Not necessarily. When the Alaska Pipeline came online, it just spread the price differential between the benchmark crudes like West Texas Intermediate and the low quality crudes. There are only a few US refineries that can handle heavy, sour crude. Partly because of environmental requlations, and mostly because of quarterly reports. The investment for those types of refineries are longer term and quarterly reports mandate that long term investments means your replacement reap the rewards.