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Obama finally rejects keystone XL
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<blockquote data-quote="FightingSioux" data-source="post: 60468" data-attributes="member: 1333"><p>They have different compositions and make slightly different amounts of various refined products. Refineries are set up to use a certain composition of crude such as light sweet or heavy crude. Most of the refineries connected to Bakken crude or similar are pretty much maxed out on the amount they can process. This is why the price is lower because the demand is lower than the supply. Historically the Midwest refineries were expanded to take in the heavy crude but with the drastic increase of shale oil we are seeing some refineries upgrade their distillation trains to use more light crude because of lower prices and bigger margins. Any pipeline only helps the consumer no matter what it transports. Consumers lose and some companies will win big.</p></blockquote><p></p>
[QUOTE="FightingSioux, post: 60468, member: 1333"] They have different compositions and make slightly different amounts of various refined products. Refineries are set up to use a certain composition of crude such as light sweet or heavy crude. Most of the refineries connected to Bakken crude or similar are pretty much maxed out on the amount they can process. This is why the price is lower because the demand is lower than the supply. Historically the Midwest refineries were expanded to take in the heavy crude but with the drastic increase of shale oil we are seeing some refineries upgrade their distillation trains to use more light crude because of lower prices and bigger margins. Any pipeline only helps the consumer no matter what it transports. Consumers lose and some companies will win big. [/QUOTE]
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