Quote:
Originally posted by robertthebard:
Not unless you had a typo in your numbers.
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Don't be such a tool. Those % were done quickly. The point is that they still reinvest over 100% of their net income. Sheesh. Nitpicking! Aw just believe what you want to believe.
Quote:
Originally posted by VulcanRider:
One last question for Micah: doesn't Venezuelan oil require a different type of refinery due to its lower purity, or something? I thought the US was one of the few with refineries that could handle their oil? Or is that just "they need us more than we need them" American ego?
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Venezuelan crude is indeed ultra heavy. It's almost tar like in quality and is much more costly to refine. I can't answer the second part of the question though, as to whether the US is the only country that can handle that type of oil or not. Probably not, but the capacity to handle the quantity that is produced in Venezuela may be the significant issue.
We now return you to your regularly scheduled programing. [img]smile.gif[/img]
[ 07-31-2007, 11:07 AM: Message edited by: Micah Foehammer ]