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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (83342)11/17/2011 2:58:13 PM
From: bart13  Read Replies (1) | Respond to of 218542
 


OPEC still holding at around 50% of total US imports.



To: Cogito Ergo Sum who wrote (83342)11/17/2011 9:09:44 PM
From: Hawkmoon  Read Replies (2) | Respond to of 218542
 
Inherent fallacy in that argument. The US handles heavier "sour" crude, primarily from Venezuela..

In 2004, 75% of US refineries were geared toward refining sour crude..

gasandoil.com

However, as I recall.. one of the rationales for overthrowing Qadaffi, was that Europe was more dependent upon light, sweet crude, the primary source of which was Libya.

Hawk


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