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Author Question: Use the information for the question(s) below.Alaska North Slope Crude Oil (ANS)$71.75/BblWest Texas ... (Read 56 times)

Redwolflake15

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on: Jul 9, 2019
Use the information for the question(s) below.

Alaska North Slope Crude Oil (ANS)$71.75/Bbl
West Texas Intermediate Crude Oil (WTI)$73.06/Bbl

As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil.  Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.


Assuming you currently have 10,000 Bbls of WTI crude, the total benefits to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:
◦ $730,600
◦ $770,000
◦ $771,400
◦ $773,908
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Marked as best answer by Redwolflake15 on Jul 9, 2019

djofnc

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Reply #1 on: Jul 9, 2019
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Redwolflake15

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Reply #2 on: Jul 9, 2019
Excellent


djofnc

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Reply #3 on: Jul 9, 2019
Great! Please up vote :D


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