3 ms·
Well crude oil is by definition unrefined, but it's safe to assume that most of it is the raw cost of the product since it was still profitable to sell crude oi
by hugh3 16y ago
Well crude oil is by definition unrefined, but it's safe to assume that most of it is the raw cost of the product since it was still profitable to sell crude oil at $10 a barrel a few years ago when supply and demand were a bit more out of wack.
- hga 16y agoAlso note that this oil was light sweet (low sulfur) crude, something that is getting more and more rare. You wouldn't expect the same results from e.g. Venezuela's very heavy sour crude (to take a local and large example).