GREY:WSCEE - Post by User
Post by
cerebuson Sep 19, 2005 9:30am
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Post# 9568170
RE: Excellent Article - Heavy Crude
RE: Excellent Article - Heavy CrudeHere is an interesting point in the article.
"Recent hurricanes in the Gulf of Mexico caused shutdowns of sophisticated US refineries set up to handle heavy crude from Venezuela."
I would expect that would impact current deliveries and since oil is a major component of their economy it would not be good. Probably explains why Venezuela oil is being tested. Just think of the value added from the Ellycrack process and the potential to impact their economy. Both from an increase in price and to also remove the reliance on US refineries to process their oil.