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I am not an expert, but one factor might be that not all crude oil is the same. Maybe refineries prefer to import a different kind of crude oil than what is ex
by betterunix2 8y ago
I am not an expert, but one factor might be that not all crude oil is the same. Maybe refineries prefer to import a different kind of crude oil than what is extracted domestically (and likewise refineries in other countries are willing to buy the crude we are extracting here).
- lukasm 8y agoI think this is correct. Weight and sulfur level matter. It requires slightly different infrastructure. Also having import/export is strategic. If something happens to your local producer you've got a backup.
- 2trill2spill 8y agoYea I know refineries in a lot of northern states like Minnesota are setup to process the high sulfur crude that comes from Canada. While most southern states have refineries that process low sulfur crude that comes from the United States.