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Reply #19


Response to liberal N proud (Original post)

Mon Mar 19, 2012, 01:01 AM

19. Oil and its refinery products are fungible commodities, traded on global markets.

You won't get a politician to admit it, but it matters less where your oil or gasoline originate, than where your shoes or cellphone were made.

Generally speaking, the oil companies prefer to expand existing refinery capacity to building new refineries. Existing sites have the pipelines, harbors, rail, infrastructure, and workforce in place. That said, a new refinery <i>is</i> being built in South (not North) Dakota.

And the only difference it makes whether it gets its crude from Canada, our Gulf, their Gulf, or elsewhere is how tankers are routed and pipelines are used. Logistics, nothing else.


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Arrow 24 replies Author Time Post
liberal N proud Mar 2012 OP
GodlessBiker Mar 2012 #1
liberal N proud Mar 2012 #2
excuse not to write Mar 2012 #6
indepat Mar 2012 #14
pkdu Mar 2012 #3
grantcart Mar 2012 #4
liberal N proud Mar 2012 #5
ellenfl Mar 2012 #13
Lochloosa Mar 2012 #7
grantcart Mar 2012 #8
liberal N proud Mar 2012 #10
grantcart Mar 2012 #11
liberal N proud Mar 2012 #12
kenny blankenship Mar 2012 #9
slater71 Mar 2012 #15
liberal N proud Mar 2012 #17
bhikkhu Mar 2012 #16
Odin2005 Mar 2012 #18
LineNew Reply Oil and its refinery products are fungible commodities, traded on global markets.
eallen Mar 2012 #19
Sen. Walter Sobchak Mar 2012 #20
Devil_Fish Mar 2012 #21
liberal N proud Mar 2012 #22
krispos42 Mar 2012 #23
Devil_Fish Mar 2012 #24
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