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re: US Dept of Energy preparing to start SPR refill purchases
Posted on 3/2/23 at 11:39 pm to notiger1997
Posted on 3/2/23 at 11:39 pm to notiger1997
quote:
Very few understand at all how any of this stuff works.
The market has changed drastically since the 1970's Crude oil is not all the same. Transportation to Europe is cheaper than to the East Coast by ship. Barge isn't much closer either. On the Louisiana Light Sweet grade Hawaiian refineries get first shot. They cannot use Alaskan due sulfur content. It's actually cheaper to ship via a supertanker from the Middle East to Hawaii than the Gulf Coast.
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