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

To: Elroy Jetson who wrote (101070)5/18/2008 12:42:14 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 206322
 
Elroy, why would a sour refinery necessarily "be in a pickle" when oil prices decline? I would think that, all other things being equal, the spread between light sweet crude and heavy crude ought to stay the same irrespective of what the price of light sweet crude is.



To: Elroy Jetson who wrote (101070)5/21/2008 4:35:40 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 206322
 
Each sour refinery which gets built in China, India and Iran is another burden off the light sweet crude market.

no it's not. it's just more demand for sour crude, not less demand for light sweet crude.


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