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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 (40454)	3/20/2005 1:09:38 PM
From: edward miller	Read Replies (2) \| Respond to of 206106

Since it is the weekend I will say that I am surprised to see you post what seems to me to be nonsense. I thought you knew better. Doesn't Citgo have refineries designed to handle Venezuelan crude, which is heavy, sour crude? Doesn't Valero specialize in processing heavy crude? I think so. How can you think that US gasoline must start from sweet light crude? Maybe you just posted without enough thinking beforehand. I see a lot of "stream of conscious thought" posting by people who usually have excellent ideas to share, and sometimes people get a bit ahead of themselves. I know I have, in spite of usually proofreading my posts. Ed

To: Ed Ajootian who wrote (40454)	3/20/2005 2:04:24 PM
From: Bearcatbob	Respond to of 206106

Ed, It is all about yield, chemistry and metallurgy. Yield reflects what the distribution of products is that comes out the barrel of crude - some have more gasoline or components readily upgradeable to gasoline than others. Chemistry reflects the upgrader units of the refinery and the volumes they can handle. Metallurgy - metallurgy determines a lot of what can be processed. I am least familiar with metallurgical requirements - but - as the crudes become more sour I believe the metallurgy requirements increase - as in resistance to corrosion. Frankly, I wonder if the heavier crudes will produce more competition from fuel oils for natural gas as a boiler fuel.

To: Ed Ajootian who wrote (40454)	3/20/2005 3:47:37 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 206106

Hi all! Regarding RYVNX: This is one interesting 5 year chart finance.yahoo.com Hope all is well with you Ed.

To: Ed Ajootian who wrote (40454)	3/20/2005 5:24:19 PM
From: energyplay	Read Replies (1) \| Respond to of 206106

With the wide spread and heavy, sour crude being much cheaper than WTI, the complex refineries that can handle heavy crude are making money like mad. A complex refinery that has costs of say $4.00 per barrel is a good deal with $50 oil and a $14 spread. When energy demand drops, and light sweet oil now goes for $15 a barrel, you want to have a simple refinery with maybe <$2 per barrel cost. A complex refinery usually can be set up to do a good job turning a large % of heavy crude in motor gasoline, often a larger % than a very simple refinery. Complex usually means you can crack big molecules to small one and re-form small ones into big ones until you get what you want. The above is WAY over simplified. When I read books on refining, my head hurts....;-)