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azs

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Alias Born 07/09/2003

azs

Re: bbotcs post# 114423

Friday, 06/17/2011 1:17:53 PM

Friday, June 17, 2011 1:17:53 PM

Post# of 312016
JBII is THE lowest cost producer of petroleum products anywhere. Period. As the price of oil drops JBI's margins relative to other petroleum products producers will go up. It costs the Saudis, the lowest cost traditional producer, something like $28 to get crude out of the ground. Refining and transportation are extra. Aramco would be lucky to get 20% margin at $50. JBI will still have 400%. I am sticking with JBI.