yeah from what people are telling me, we have the capability of processing lower quality crude oil so it makes more sense to export our high quality stuff, then buy the cheap stuff since we can already refine it.
yeah thats pretty much the TL;DR here. It’s complicated since oil is complicated and there isn’t really a “insert oil” oil to talk about, there are a lot of variations of it, and a lot of ways to refine it, and a lot of different resultant products from it as well.
The fact that the modern petro industry even works is kind of insane.
it’s also to do with prices. There is a certain amount of this that is true, but the primary reason is oil prices.
yeah from what people are telling me, we have the capability of processing lower quality crude oil so it makes more sense to export our high quality stuff, then buy the cheap stuff since we can already refine it.
yeah thats pretty much the TL;DR here. It’s complicated since oil is complicated and there isn’t really a “insert oil” oil to talk about, there are a lot of variations of it, and a lot of ways to refine it, and a lot of different resultant products from it as well.
The fact that the modern petro industry even works is kind of insane.