Replies to post #218782 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

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.