Posted by John in La on August 06, 2014 at 18:55:57 from (96.33.136.54):
Having refineries that work best with heavy crude oil; And a boom in American drilling because of new techniques for tapping oil from shale that produces a ultralight oil. = a glut of oil in the U.S. market = lower oil prices
What is a CEO to do????????
One back door way to handle it is to hire a few lawyers; meet in a smoky room and give a private presentation to the Commerce Department so you can argue why you think the ban on exporting oil from the U.S. does not apply to you.
Then once you get your private approval that weren't coordinated with other parts of the administration; you sell your oil to South Korea.
And you thought gasoline prices were high today.... Just wait.....
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Today's Featured Article - Engine Valves - Some Helpful Information - by Staff. Intake - On the intake stroke the piston moves doward, sucking in carburized fuel through the open intake valve. Exhaust valve is closed. Compression - With both the intake and exhaust valves closed, the pistons upward stroke compresses or squeezes the fuel into the combustion chamber. Firing - Ignited by the spark, the compressed fuel explodes and forces the piston downward on its power stroke. Intake and exhaust valves are closed. Exhaust valves and seats are exp
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