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MMEX-scam is surrounded by buzzing flies, attracted to

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jmjjw   Wednesday, 10/09/19 10:17:35 AM
Re: I FAR I post# 118720
Post # of 118892 
MMEX-scam is surrounded by buzzing flies, attracted to the stench from Mad J.’s soiled Depends… flies aren’t known for their cognitive skills. It always helps to actually know something about the sector.

WTI is how crude is commoditized at the Cushing Hub - it isn’t what actually comes up out of the ground in the Permian Basin. Unless Mad J. is planning on acquiring feedstock from the Cushing Hub, the synthetic spec for WTI is irrelevant.

Not that it matters, because MMEX-scam is only a share-issuance scheme, but if Mad J. were to materialize his imaginary “refinery” he’d be using feedstock from local terminals, which are marginally blended, and do not meet the WTI synthetic standard.

So, despite the uninformed claim that WTI meets the IMO 2020 standard, which is ludicrous in and of itself, any locally sourced crude feedstock would be well above that. Further, the refining process increases the sulphur concentration in the heavy fractions - factually, sulphur remains even in the lighter distillates. This is why real refineries have process components for removing sulphur, in order to meet transportation fuel standards.

MMEX - You’ve Been Scammed!

When you are dead, you don't know that you are dead. It is difficult only for others. It is the same when you are stupid.
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