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To: quehubo who wrote (34918)9/8/2004 12:47:51 AM
From: jim_p  Read Replies (1) | Respond to of 206183
 
Que,

I thought they lowered the price on both sweet and sour crude.

There's no market of any more sour crude because there is no where to process it. Refineries that can process sour crude have all the sour crude they can handle and we all know about the lower yields and environmental issues. My understanding is the only excess capacity the Saudi's have is sour crude.

I do think the lowering of the price below the current market price is more political than a desire to move sour crude??

What ever happened to the good old days of OSX 140??

Jim



To: quehubo who wrote (34918)9/8/2004 7:04:05 AM
From: aerosappy  Respond to of 206183
 
que,

I read and appreciate your comments. Thanks for these, and oilviews.com.

I have not had time to post due to a renewed focus on part of our real estate development efforts.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
August 12, 2004
Antioch Manor Estates now underway

Antioch A. M. E. Church, the project sponsor, is pleased to announce that Antioch Manor Estates, Phase 1, is now under construction and will open for residents in August of 2005.

Located on South Hairston Road just north of Covington Highway, Antioch Manor Estates, Phase 1, will offer 120 affordable housing units for residents 55 and older in a safe, secure community environment about 10 miles east of downtown Atlanta. The $13 million residential setting will include a large community “core” that will facilitate delivery of a range of services and activities for seniors. Future Phases 2, 3 and 4 of Antioch Manor Estates will include 150 additional senior housing units (including villas and assisted living).

Antioch A M.E. Church is a vibrant, growing church serving its 2,200 members and the Stone Mountain and DeKalb County community. Antioch A.M.E. Church was founded in 1868 in Decatur.

Special thanks and recognition is given to Georgia Department of Community Affairs, SunAmerica Affordable Housing Partners, Bank of America Community Development Banking Division, Citizens Trust Bank, DeKalb County Community & Human Development Department and Bank of America Not-for-Profit Group for supplying the superior financing to make Phase 1 a reality.

Antioch A.M.E. Church further extends special gratitude to Richard and David Searles, principals of CRT Realty & Development Services, Inc for their superior project planning, development, financing services and expertise.

Participants in Antioch Manor, Phase 1 include the following:
· Developer: CRT Realty & Development Services, Inc. (Rick Searles and David Searles)
· Co-Developer and Training Consultant: W. Craig Taylor, Pro-Housing, Inc.
· Architect – Morton Gruber, AIA
· Civil Engineer – AEC, Inc.
· General Contractor – Foster & Company
· Partnership Counsel – Hollowell, Foster & Gepp
· Zoning counsel – Smith, Gambrel & Russell
· Counsel to Tax Credit Investor – Brownstein, Hyatt & Farber
· Counsel for Bank of America Community Banking – Troutman, Sanders
· Counsel for DeKalb Housing Authority – Powell, Goldstein, Frazer & Murphy
· Counsel for Bank of America Not-for-Profit Group – Sheri D. Olson, Esq.
· Tax Credit Accounting – Reznick, Fedder & Silverman
· Risk Management Consultant – Corporate Insurance Services
· Senior Services Coordinator – Lifespan Ministries, Inc. a not-for-profit affiliate of Antioch A.M.E. Church
· Any many great subcontractors and other experts.

For additional information, contact Richard E. Conley, Director of Church Operations, Antioch A.M.E. Church, (404) 299-3388.