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Post# of 704044
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Zeev Hed

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Zeev Hed

Re: ajtj99 post# 218782

Tuesday, 03/16/2004 6:39:32 PM

Tuesday, March 16, 2004 6:39:32 PM

Post# of 704044
I think that is high, that would be $20 B, but the additional cost of a $1/barrel (assuming we import about 10 MM barrels/day) is only $3.6 B (annualized). Soaking of consumer cash might be higher (probably twice) but the differential stays with local refiners and thus within our economy.

AZH

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