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To: Joan Osland Graffius who wrote (147452)	1/31/2002 11:50:27 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

Joan, I don't really know their cost of delivery. But I do know that they agreed to the most recent cutback because $17 a barrel really cut into them and the Saudis were getting ready to move it down to $16 if any big producers balked. I love the sweet crude and sour crude and iso crackers and all that good stuff. But Russian oil ranges widely in quality, as it is a pretty big place. I suspect the average quality is much lower and more expensive to refine than the Saudi crude.