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To: Steven W.
Saudi oil is virtually useless for US now

I was hoping for a big up day in the markets today but didn't know it would be in the petro markets

33 posted on 05/19/2004 1:13:41 PM PDT by steve86
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To: BearWash

That's not true. Saudi produces several varieties, all of them useful at a given price. Some of the heaviest crude is Cold Lake, north of Edmonton, and US refineries chew this up OK. It contains a lot of asphalt and sulfur, but refineries have "soured up," to accomodate it.


38 posted on 05/19/2004 1:35:34 PM PDT by Eric in the Ozarks
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