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To: KLP who wrote (255878)	6/27/2008 2:45:30 PM
From: Triffin	Read Replies (1) \| Respond to of 793912

Is there any truth to a rumor that there are 300+ ships sitting in the ocean with Saudi heavy crude just sitting there, because there are no refineries to refine the heavy crude? Almost !! How about 15 VLCCs on charter to the Iranian Oil Co as floating storage for 30 million barrels of Iranian heavy sour crude that their current customers can't take delivery of due to refinery maintenance programs ?? Triff ..

To: KLP who wrote (255878)	6/27/2008 4:00:59 PM
From: John Carragher	Read Replies (1) \| Respond to of 793912

i understand it is the very heavy high sulphur crude that has minimum demand and very few refineries can handle that type crude. A refinery is a complicated continuous group of kettles etc i expect they configure all the cooking or breaking down the oil based on the base type of oil coming through.. for example just to switch over from gasoline cut to more of heating oil cut for winter it takes them a few weeks. you may want to read about refinery operation on the web under a search to appreciate what it takes to get a barrel of oil broken into various cuts.