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November 2004, Week 1

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Subject:
Re: OT: Blatant disrespect for the international community
From:
Christian Lheureux <[log in to unmask]>
Reply To:
Christian Lheureux <[log in to unmask]>
Date:
Thu, 4 Nov 2004 10:54:43 +0100
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To the best of my knowledge, there are two important trading places for crude in the Western world, one in Amsterdam (that's probably what you were referring to, Tracy) and one in NYC. But you were right in underlining the spot market thing, which excludes long-term contracts. Which, unfortunately, does not mean that long-term contracts would not factor in crude price increases.

Besides, most of the pump gas price in Europe is taxes, about 78% average of the consumer price here in France. So, assuming taxes are not raised in stealth mode to fill in state coffers (I would not bet the farm on that ..... sigh ....), a 40% price increase of crude would result into a 10% of the pump price.

Christian Lheureux
Directeur BU Infrastructure / Manager of IT Infrastructure BU
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In May 2004, APPIC RH becomes BTW Computing, an activity of the BTW Group 

> -----Message d'origine-----
> De : HP-3000 Systems Discussion [mailto:[log in to unmask]] De la part
> de Johnson, Tracy
> Envoyé : mardi 2 novembre 2004 19:24
> À : [log in to unmask]
> Objet : Re: [HP3000-L] OT: Blatant disrespect for the international
> community
> Importance : Faible
> 
> -----Original Message-----
> John Testa says:
> Have any of you ever paid for gas in Europe?
> I doubt you'd be buying your gas-guzzling SUVs and Hummers there.
> ----- End of Original ----
> 
> Isn't that where the International Oil Spot Market is?
> I guess we all do, the U.S. probably less than others.
> 
> BT
> 
> 
> Tracy Johnson
> MSI Schaevitz Sensors
> 
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