North Dakota Bakken Crude Oil

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gokeefe
Posts: 11317
Joined: Sat Feb 16, 2008 12:28 pm
Location: Winthrop, Maine

Re: North Dakota Bakken Crude Oil

Post by gokeefe » Sat Nov 10, 2018 6:58 pm

Steel wheels on steel rails ...
gokeefe

JayBee
Posts: 372
Joined: Thu Oct 27, 2011 11:28 pm

Re: North Dakota Bakken Crude Oil

Post by JayBee » Sun Jan 13, 2019 9:26 pm

The upcoming imposition by the IMO(International Maritime Organization) of a limit of 0.5% sulfur on Marine fuels will have a negative impact on crude oil from Venezuela, and a lesser impact on other Oil Producing countries. Not many non-US refineries are capable of turning high-sulfur Crude Oil(Sour) into ULSD(Ultr-low Sulfur Diesel), and even for the ones that can process it you still need to dispose of the high-sulfur residue. For the US refineries this is expected to be into more and cheaper Asphalt, leading to the displacement of concrete for the building and renewal of highways.

gokeefe
Posts: 11317
Joined: Sat Feb 16, 2008 12:28 pm
Location: Winthrop, Maine

Re: North Dakota Bakken Crude Oil

Post by gokeefe » Mon Jan 14, 2019 12:43 pm

Very interesting. I never would have guessed this would affect the price of asphalt.
gokeefe

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