Posted by AuntieMel on March 16, 2005, at 13:23:05
In reply to Re: more on the oil biz (not too long) » AuntieMel, posted by gromit on March 14, 2005, at 6:44:43
The prices you hear quoted on the news - remember they are futures on the merc, not actual selling prices - are for West Texas Intermediate.
This is some of the cleanest crude you'll find. Most crude has a higher sulphur content and sells for less. It does require more refining, though.
poster:AuntieMel
thread:465800
URL: http://www.dr-bob.org/babble/poli/20050122/msgs/471716.html