Quote:
Originally Posted by Donger
That's true, but let's not pretend that if the Saudis were to increase production, it would not have an influence on global pricing. It would. Refineries would be found to refine the heavier Saudi crude.
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Like I said it's not that simple because there's such a dearth of refineries in
Europe that can process sour or high sulfur crude as compared to the US.
In the US Valero (NYSE symbol "VLO"), is the big Kahuna for handlng sour crude, but that doesn't help England, Franch, Germany, etc too much does it ?