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> That number is small comfort. Petroleum is fungible. Oil is fungible because of US govt policy. The US govt could decide that oil doesn't leave the Western
by anamax 15y ago
> That number is small comfort. Petroleum is fungible.
Oil is fungible because of US govt policy.
The US govt could decide that oil doesn't leave the Western Hemisphere. A lot of folks would be upset by such a policy but they lack the means to change it.