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To: bentway who wrote (392271)6/18/2008 11:11:12 PM
From: J_F_Shepard  Read Replies (3) | Respond to of 1576611
 
I would assume that for every barrel we sell, we buy one in return. I know that Alaskan oil, for example, is sent to Japanese refineries because they are closer to the source.



To: bentway who wrote (392271)6/19/2008 12:27:04 PM
From: tejek  Respond to of 1576611
 
Because of the nature of the oil markets, all oil is the same and costs the same, no matter where it is produced.

That is, sweet crude produced in the US is priced the same as sweet crude produced in Iraq. However, sweet crude in the US does not priced the same as sour crude produced in SA.


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