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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (26216)	10/7/2003 6:03:46 PM
From: John Carragher	Read Replies (1) \| Respond to of 206085

another thing to keep in mind is the futures prices.. the nyharbor price for gasoline can change on a dime. It is difficult at best to know what the inventories are in the world at any time.. Many speculators can be hoarding oil, it is not reported on any statistics and then a price drops or refinerary fire and all of a sudden oil comes out of no where or dries up... but you know that.. I am not sure I would be putting large bets on refining and marketing next year.. E&P yup..they make money. g but not as much if prices drop. ps why wouldn't foreign refineries be able to meet new demands.. I am sure international refineries are ready.. Many in south american may be all changed over. I remember major international oils building large refineries throughout the world in early 80's . I expect these refineries are in better shape than ours. good luck on refining and marketing. ps marketing is big time overhead.. and tremendous exposure to epa , local laws. insurance , accidents. Barge explodes at Port Mobil last summer,, spills into rivers , creeks, leaking storage tanks, houses wells contaminated, local inspectors. for example last year major fine to Mobil in your state for letting vapors escape from filler tube at gas stations. failed to meet complaince tests... robberies of stores open 24hours... we had a guy in e.prov through a brick at the window of store , it was bullet proof and it bounced off the window and hit him in the head .. He sued us and won... same station was used as a cocane drop in rest room.. one car drive in and drop the stuff off in the hung ceiling and then another car would come bye and pick it up... refinery fires, terminal fires, tanks over filled, trucking accidents... all overhead in addition to the cost of the barrel.. Believe me no one wants this business in the majors they would like to get out if the right price came along.. Oh, safety,, you got tons of inspections from fire departments, on and on and on.. paper work...then add the cost of capital , taxes, and people and labor burden .. not much left .. for bottom line.. PLUS BAD PRESS !

To: Ed Ajootian who wrote (26216)	10/8/2003 8:38:32 AM
From: John Carragher	Read Replies (2) \| Respond to of 206085

Ed found this item on exxon web page seems like they are upgrading refineries since last january for sulphur removal programs.. etc..This is only one of several announcements of refineries buying exxon tech experience to upgrade the removal of sulphur from gasoline etc. ExxonMobil's SCANfining Technology Selected for Three Low Sulfur Gasoline Projects for Sunoco, Inc. FAIRFAX, Virginia (January 20, 2003) -- ExxonMobil Research and Engineering Company (EMRE) announced today that Sunoco, Inc. has selected EMRE's proprietary SCANfining(*) gasoline sulfur reduction process to be applied at their Philadelphia, Marcus Hook and Toledo refineries. Twenty-six ExxonMobil and EMRE licensee refineries have selected this flexible and robust technology to meet their low sulfur mogas needs for a total of 28 SCANfining units. The SCANfining process selectively removes sulfur from catalytically cracked naphtha while minimizing octane loss. The technology uses a proprietary, selective catalyst (RT-225) jointly developed by EMRE and Akzo Nobel Catalysts and minimizes the loss of octane-rich olefins and hydrogen consumption. The Sunoco units will have the capacity to process approximately 190,000 barrels per stream day of catalytic naphtha. prod.exxonmobil.com ps I do not know who wrote the article about concerns of diesel meeting specifications by refineries with changes in 2004 but highly unlikely... If some small refineries are closing it has more to do with profits etc than the change over of specifications imo.