Because there is so much excess capacity in the worlds refineries, because there is a fair range of capabilities in that excess capacity and because if there was not enough refining capacity to handle all the sour crude that is available, the price of sour crude would be selling at a greater discount to sweet crude than the current modest discount.

FORBES: Why I think Saudi Oil Production is now at Capacity

Its current 50% discount off light, sweet crude was, until recently, unheard of.

FORBES: Magazine Article

On the main drag in this community east of Los Angeles, you can buy cowboy sombreros and discount quinceanera dresses for Sweet 15 parties.

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