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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (885)	7/9/2005 5:22:46 PM
From: Clappy	Respond to of 24211

Someone posted a reply to me about the inquiry I left about the Rolling Stone article on the Thread Header. I was looking for an opinion as to if anyone thought the dark scenario was possible. investorshub.com The dude wrote: We're running out of light sweet crude, which is the only type of crude oil most refineries can handle. There is plenty of heavy (crude without enough hydrogens) and sour crude (crude with too much sulfur). To solve our "current" crude shortage, many more refineries are going to need multi-billion dollar upgrades. Using Chevron's Pascagoula Refinery as an example: Light Sweet Crude costs $10 per barrel to refine; Heavy Sour Crude costs $31 per barrel to refine, or an extra $0.50 per gallon extra energy is used to roast out the sulfur and natural gas is used to add hydrogens to heavy crude; In inflation adjusted dollars The original investment in the 325,000 barrel per day light sweet crude refinery cost $1.2 billion; The heavy and sour capabilities cost an additional $3.6 billion for the 325,000 barrel per day refinery. chevron.com ------------------------------- So this makes me wonder if it would extend the time frame by several years... -Clapper