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> refining is where the real money is, so why don't Indonesians do it themselves...? The economics of oil industry is more complicated than that. Canada does n
by smnrchrds 5y ago
> refining is where the real money is, so why don't Indonesians do it themselves...?
The economics of oil industry is more complicated than that. Canada does not refine most of its oil either. It's not because we don't have the technology or the money to build more refineries. It's because refining any more than the current amount does not make economic sense.