Belmont Club

By Richard Fernandez

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Runaway

July 23, 2008 - 1:49 pm - by Richard Fernandez
Eggplant
2008-07-24 11:50:11

Peterike said:

“Since 2000, by law Alaskan oil cannot be exported. Check before you speak, especially since most of your assumptions about everything are wrong.”

Actually, I think Alaskan oil (like all petroleum) is fungible on the international market. I was informed that Alaskan crude oil is high in sulfur and too dirty to meet American air pollution standards. Consequently the Alaskan crude oil is exchanged for higher quality oil that is low in sulfur (light sweet crude oil). It’s my understanding that Alaskan crude typically ends up in Southeast Asia where the people there aren’t too concerned about breathing poisonous air.

I got this information from casual conversation and it could be incorrect.