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Labor costs are cheap there. I wonder if they simply export finished oil-based products such as Gasoline or plastics instead of oil.
by webninja 3y ago
Labor costs are cheap there. I wonder if they simply export finished oil-based products such as Gasoline or plastics instead of oil.
- iancmceachern 3y agoLabor isn't a huge factor in taking raw oil and converting it to those refined products. That's done in refineries which are highly automated process driven things. It's not like there are guys turning cranks making oil into plastic. It's a complicated process or chemistry and chemical engineering that happens in miles and miles of pipes.
- hollerith 3y agoThey can't because they have no oil refineries: https://en.wikipedia.org/wiki/List_of_oil_refineries https://en.wikipedia.org/wiki/List_of_oil_refineries (The US has 125.)
- webninja 3y agoSounds like a good business opportunity if physical security issues can be mitigated.