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


To: Joe NYC who wrote (224831)3/18/2005 4:11:43 PM
From: combjelly  Read Replies (2) | Respond to of 1572601
 
"Oil is fungible."

Not that fungible. Consider, you are running a refinery. Your refinery can handle light, sweet crude at $55 a barrel or heavy, sour crude at $37 and you get equivalent products. Now true, the costs to process the heavy crude is a little more, but no where near $18 a barrel. No one who can process heavy crude is buying light crude right now. Period.