KoalaUnknown@lemmy.world to News@lemmy.world · 1 month agoTrump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reservesapnews.comexternal-linkmessage-square39linkfedilinkarrow-up1187arrow-down111
arrow-up1176arrow-down1external-linkTrump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reservesapnews.comKoalaUnknown@lemmy.world to News@lemmy.world · 1 month agomessage-square39linkfedilink
minus-squareironpangolin29@lemmy.calinkfedilinkarrow-up2arrow-down1·1 month agoDoesn’t refining sour crude result in higher gasoline prices?
minus-squareanon_8675309@lemmy.worldlinkfedilinkarrow-up6·1 month agoTrump doesn’t know there are types of oil. But that’s okay, MAGA don’t either so he looks to them like a genius.
minus-squareEarthwormjim91@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-21 month agoNo? Sour crude is what the US refineries are set up for. It’s why we export the sweet crude we actually produce and import sour. Almost all of what goes through the Strait of Hormuz is sour crude. 80% of the crude market is sour crude. The US is almost unique in that we are the major sweet crude producer, but our refineries are set up for sour crude.
Doesn’t refining sour crude result in higher gasoline prices?
Trump doesn’t know there are types of oil. But that’s okay, MAGA don’t either so he looks to them like a genius.
No?
Sour crude is what the US refineries are set up for. It’s why we export the sweet crude we actually produce and import sour.
Almost all of what goes through the Strait of Hormuz is sour crude. 80% of the crude market is sour crude.
The US is almost unique in that we are the major sweet crude producer, but our refineries are set up for sour crude.