Re: OT -oil over-supply

Posted by Mark - IN. on March 21, 2005 at 16:58:56 from (205.188.117.66):

In Reply to: Re: OT -oil over-supply posted by Jackson Knight on March 21, 2005 at 16:03:05:

From what you say and what I've heard at various refineries, that is true.

Crude comes in from various areas such as the Middle East, South America, etc (think even Russia too), ends up in the same refineries, going out the the various companies. Not sure where the different additives are added, or if a company is buying crude at a particular $$$, and another buying it at a particular $$$, how that balances out at the refineries.

China's buying a ton of crude, and like everything else, makes it a buyers market. How much are we willing to pay compared to the competition?

Wonder what's going to happen when they do get to tap in Alaska? The oil from the pipeline is all exported - none of it's used domestically, all exported, always has been. Wonder what's going to happen with any oil found up there when we do finally get to drill?

Mark

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• Re: OT -oil over-supply Matt from CT 06:03:56 03/22/05 (0)

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