To: tejek who wrote (391733 ) 6/17/2008 2:19:47 PM From: Brumar89 Read Replies (2) | Respond to Lets have some accuracy:the Saudis are having trouble unloading their 'sour' crude on the markets at a $25 discount to the Brent crude which is the crude commanding the $140 price tag and is the light, 'sweet' stuff? Literally, they have the stuff in ships waiting to go somewhere but there are no takers and they may have to discount it even more. Now the ANWR which you all are so psyched up to despoil has the sour crap that we don't even use. As a reaction to oil price and supply concerns, questions about the export of crudeoil produced on Alaska’s North Slope are often directed at Members of Congress. The export of this oil had been prohibited by the 1973 law allowing the construction of the pipeline system now transporting oil to the ice-free, southern Alaska port of Valdez. But following a period of depressed oil prices, legislation was enacted in 1995 permitting export. Relatively small amounts — never more than 7% — of Alaskan crude were sold to Korea, Japan, China, and some other countries. These exports stopped by 2000. ipmall.info .So then we would have to compete with the Saudis to try and find a place to unload.......the most likely place is Japan. If the oil in the Gulf is the sweet stuff, then I say go for it. In addition, we have a huge pool of NG that is not getting tapped. We need to go after it asap. It is now cheaper than oil and we produce most of our NG locally.
