Congratulations! You have just been hired by Refiners-R-Us. As part of your initial training, you have been asked to analyze two crude oils that they are considering for refining operations. Calculate the profit per barrel for each crude oil, Crude X and Crude Y. The costs of each crude oil and the refining costs are shown below. State which crude oil is the most profitable to refine and also state what the refining margin is in $ per barrel. INPUTS CRUDE X PRICE REFINING COST CRUDE X CRUDE Y PRICE REFINING COST CRUDE Y $ 85.00 $ 4.50 $ 84.00 $ 4.75 Nieu Value Crude Yield, % 10% Value (US$/bbl) 58 30% 125 Component-CRUDE X Fuel Gas Motor Gasoline Unfinished Gasoline Jet Fuel Diesel Fuel Unfinished Diesel Fuel Asphalt Fuel Oil Other Gross Revenue Cost of Crude Refining Costs Profit per barrel of crude 52 10% 100% Value (US$/bbl) Refined Value The Economics of Refining Crude Oil- Crude Y Crude Component-CRUDE Y Yield, % Fuel Gas 10% Unleaded Gasoline 15% Unfinished Motor Gas 10% 58 125 85 Jet Fuel 5% LE 126 Diesel Fuel 20% 150 10% 120 Unfinished Diesel Fuel Asphalt Fuel Oil 10% 65 101 10% 10% 100% Other Gross Revenue Cost of Crude Refining Costs Profit per barrel of Crude