Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 02-24-2011, 10:20 AM   #2268
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Quote:
Originally Posted by JimBaker488 View Post
Libya has socalled "sweet" crude which is not found in relatively plentiful quantities in SA, which has heavier "sour" crude which requires different refinery technology.
Sorry but it's just not that simple - can't just turn up a spigot one place to
replaced the outflow lost from a spigot in another place.
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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