re: #425 Aceofwhat?

Dude, Frank is killing you. It’s less valuable because it’s more expensive to process. It’s not actually less expensive per gallon of gasoline refined. It’s more expensive. And because it’s also expensive to produce, if the benchmark drops too low, you’d have to subsidize it.

If we’re going to consider subsidies, we should go whole hog and get Pigovian on oil products. Less market distortion, and the proceeds can go to neat tech like the solar cells that Lawhawk just mentioned.

Who said anything about the price of gasoline, BABE? We were discussing the price of crude and that the price of heavy oil is lower than the price of light oil. In other words the price per barrel is adjusted by the market to allow for the higher refining costs, etc.
Okay?