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TeachMeFinance.com - explain U.S. refiner acquisition cost of imported crude oil U.S. refiner acquisition cost of imported crude oil The term 'U.S. refiner acquisition cost of imported crude oil' as it applies to the area of energy can be defined as ' The average price paid by U.S. refiners for imported, that is, non-U.S., crude oil booked into their refineries in accordance with accounting procedures generally accepted and consistently and historically applied by the refiners concerned. The refiner acquisition cost of imported crude oil includes transportation and other fees paid by the refiner'. Previous 5 Terms: U.S. Department of Energy (DOE) U.S. Department of Homeland Security (DHS) U.S. Environmental Protection Agency (EPA) U.S. Geological Survey U.S. Geological Survey (USGS) Next 5 Terms: uakari Ub-82 Ub-92 ubique UCP About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.