WTI CRUDE

[Hawkeye10]

So? The Gulf refineries were originally set up for running sour crude, and Texas is the country's leading crude oil producer, and much of it is sour, so it is a moot point.

So sour can only go to refineries that were built for sour.

 

[Steinbeck]

So sour can only go to refineries that were built for sour.

So refineries that are built for sour can take any crude.

 

[Into the Night]

Obviously not. But enough that the gulf was named for it.

All of the Gulf of America is in America.

 

[Into the Night]

Wow, they got the new maps out quickly! Especially if ALL the maps say Gulf of America, since the name change only happened in 2025.

Most map and chart cycles are about 6 months or less, Things keep changing on them, you see.

 

[WinterBorn]

All of the Gulf of America is in America.

Yes it is. I was replying to your comment "So the entire gulf resides in Mexico then?"

 

[FastLane]

The reverse is not true......and I think I know that it is possible to make a lot more diesel with sour and that is not the only thing for which the input matters.......one decides what to feed a refinery in part by deciding what end products are wanted.

They don't typically use sour crude to make diesel because of the sulfur in sour crude. On road use diesel is limited to 15 PPM. It is more expensive to refine diesel from sour crude than it is to refine it from sweet crude.

 

[FastLane]

So sour can only go to refineries that were built for sour.

And?

 

[Jarod]

Is currently 84.57 and falling.

And rising.

 

[Jarod]

Is currently 84.57 and falling.

The price driver and world standard is Brent.

 

[Jarod]

They could call it the Gulf of Cuba but that is going to be long to us too.

The president does not have the authority to name international bodies of water.

 

[FastLane]

So refineries that are built for sour can take any crude.

Sour crude requires coking to refine into diesel or gasoline. Refineries that can handle sour crude require special metallurgy to avoid corrosion from the sulfur in sour crude.

 

[FastLane]

The president does not have the authority to name international bodies of water.

Sure he does.

 

[FastLane]

And rising.

I'm sure that makes you happy.

 

[Jarod]

Sure he does.

Under what authority?

 

[Jarod]

I'm sure that makes you happy.

No, but I believe in the truth, not just pretending whatever makes me happy. It is true.

 

[FastLane]

No, but I believe in the truth, not just pretending whatever makes me happy. It is true.

Oil prices will fall again. Would you like to make a wager. I predict oil prices in 2 months will be lower than they are today. What do you think?

 

[FastLane]

Under what authority?

The same authority that originally named them.

 

[Jarod]

Oil prices will fall again. Would you like to make a wager. I predict oil prices in 2 months will be lower than they are today. What do you think?

I am sure someday they will fall again.

Maybe in two months, more likely in 6 to 9 months, if somehow the war is able to find an end.

 

[Jarod]

The same authority that originally named them.

The government of Spain?

 

[FastLane]

The government of Spain?

So the US has just as much or more authority as Spain does.