3 ms·
Net exporter under Trump: https://www.bloomberg.com/news/articles/2018-12-06/u-s-becomes-a-net-oil-exporter-for-the-first-time-in-75-years#xj4y7vzkg https://www
by willcipriano 4y ago
Net exporter under Trump: https://www.bloomberg.com/news/articles/2018-12-06/u-s-becomes-a-net-oil-exporter-for-the-first-time-in-75-years#xj4y7vzkg https://www.bloomberg.com/news/articles/2018-12-06/u-s-becom...
Begging the Saudis under Biden: https://www.npr.org/2022/06/25/1107628743/biden-will-visit-saudi-arabia-to-ask-for-an-increase-in-oil-production https://www.npr.org/2022/06/25/1107628743/biden-will-visit-s...
- jeffbee 4y agoOne of us has the evidence on his side and the other is just doubling down on poor reading comprehension.
- shagie 4y agohttps://epic.uchicago.edu/news/why-do-we-import-russian-and-other-foreign-oil-when-we-have-a-lot-of-it-in-the-u-s/ https://epic.uchicago.edu/news/why-do-we-import-russian-and-... We export light sweet crude. We don't have the refineries set up to refine that type of oil. We import sour crude that the refineries set up to process more efficiently in the 90s (before fracking). Saudi oil is the sour type - and so we import that and the price of Saudi oil has the biggest impact on US gas prices. To change this around, oil companies in the US need to retool their refineries to the light sweet type that is produced domestically.