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Not to mention that the vast majority of the imports are from western Canada going to refineries in the Midwest (which makes sense that the cost to import is ch
by _uy6i 5y ago
Not to mention that the vast majority of the imports are from western Canada going to refineries in the Midwest (which makes sense that the cost to import is cheaper than because the distance is actually closer than other producing areas of the US where there is more refining demand (gulf coast). Not to mention no one has built a new refinery in the past ~60 years (Guesstimate) and two thirds of the refining capacity is on the gulf coast - which means in some cases a cargo from Venezuela is cheaper than shipping oil from alaska (as a stupid example.