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2006-03-24 China-Japan-Koreas

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Posted by Alaska Paul 2006-03-24 00:00|| || Front Page|| [1 views since 2007-05-07] Top

#1 Fungible yes, but if an individual user/refinery can avoid risk by paying a higher price to another provider that puts price pressure on the supplier in question. Saddam had to sell a lot of oil at way below market. Risky supplies degrade price.

Posted by 6 2006-03-24 09:59|| 2006-03-24 09:59|| Front Page Top

#2 It's actualy a very smart move things are going to go Boom in Iran shortly and having another source beforehand makes the pain go away.

Pity those who believe there's no problem, they're the ones who will hurt the most when Iranian oil is disrupted, scrambling for the dregts not already contracted for years in advance means you pay the high dollar for the second and third grade crude stocks, and they're in short supply too.

Posted by Redneck Jim 2006-03-24 20:18|| 2006-03-24 20:18|| Front Page Top

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