North Dakota Bakken Crude Oil

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Re: North Dakota Bakken Crude Oil

Postby gokeefe » Sat Nov 10, 2018 6:58 pm

Steel wheels on steel rails ...
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Re: North Dakota Bakken Crude Oil

Postby 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.
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Re: North Dakota Bakken Crude Oil

Postby gokeefe » Mon Jan 14, 2019 12:43 pm

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