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SVTPerformance's Chain of Restaurants
Road Side Pub
Oil...Trillion (with a "T") Barrels
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<blockquote data-quote="BigPoppa" data-source="post: 15956469" data-attributes="member: 177587"><p>This is a great article except nobody processes heavy anymore aside from a couple of small output locations and even they typically run light. The old Hovensa refinery in St. Croix was the largest processor of heavy before it was shuttered in 2012 due to the whole Venezuelan decision to nationalize oil production.</p><p></p><p>One of my clients in the panhandle tried processing the Canadian stuff, but the sulphur content was just too high and they abandoned the pipeline.</p><p></p><p>There is talk that the owners of the Hovensa refinery are looking to possibly bring it back up, but if that is the case, they will either convert everything to light crude or start buying Venezuelan heavy.</p><p></p><p>The stuff from tar sands is more expensive after processing as opposed to light. The article is one of those advertisements disguised as news. Don't put much into it.</p></blockquote><p></p>
[QUOTE="BigPoppa, post: 15956469, member: 177587"] This is a great article except nobody processes heavy anymore aside from a couple of small output locations and even they typically run light. The old Hovensa refinery in St. Croix was the largest processor of heavy before it was shuttered in 2012 due to the whole Venezuelan decision to nationalize oil production. One of my clients in the panhandle tried processing the Canadian stuff, but the sulphur content was just too high and they abandoned the pipeline. There is talk that the owners of the Hovensa refinery are looking to possibly bring it back up, but if that is the case, they will either convert everything to light crude or start buying Venezuelan heavy. The stuff from tar sands is more expensive after processing as opposed to light. The article is one of those advertisements disguised as news. Don't put much into it. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Oil...Trillion (with a "T") Barrels
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