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Something for everybody to keep in mind: The US is a huge IMPORTER of crude oil, but a net EXPORTER of refined petroleum products! The amount of crude we make
by taumeson 14y ago
Something for everybody to keep in mind: The US is a huge IMPORTER of crude oil, but a net EXPORTER of refined petroleum products! The amount of crude we make will have an impact on petroleum prices, but not as large as one would think.
Oil's a bit like diamonds. It's artificial scarcity in the US to keep the price high.