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 - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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