ASRG... I would also prefer our crude to be refined here.
Apparently the underutilized capacity in the Gulf, the tremendous cost of
world class/capacity refineries, and the prospects of importing preferences
changing is too risky.
A complaint of the Gateway line is the lack of customer signed long term
contracts.
Seems most buyers wish to keep their options open.
Allowing the buyers to refine secures the market.
Cheers.. Bill
Apparently the underutilized capacity in the Gulf, the tremendous cost of
world class/capacity refineries, and the prospects of importing preferences
changing is too risky.
A complaint of the Gateway line is the lack of customer signed long term
contracts.
Seems most buyers wish to keep their options open.
Allowing the buyers to refine secures the market.
Cheers.. Bill
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