TwinTurbo.NET: Nissan 300ZX forum - Things i do not understand
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Subject Things i do not understand
     
Posted by ztunerz on May 06, 2011 at 9:53 PM
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In Reply To Crude Oil Market Fundamentals posted by Dustin on May 05, 2011 at 06:23 PM
     
Message 1. Why will drilling in the us help if we only have less than 10 % refining capacity compared to our annual consumption.

2. What is the meaning of domestic production if all oil produced is sold in the world market. Are we going to have laws stating that usdm is closed? Ie if we drill here we use it here ? If so where are we planning to refine this crude oil ? Or are we planning to increase us crude production to such a scale that we can have more than a 10 % price impact on world crude prices.

3. Why the price increase if there is minimal change in world demand and world supply of oil in the part five years ? What can we attribute the price fluctuation too ?

If anyone has answers to these questions feel free to post.

Formerly yellowzxtt


     
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