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[–] 2 points 2 months ago (1 child)

Is there much heavy crude coming out of the strait? I always thought gulf oil was pretty light and the heavy shit mostly came from Venezuela and Canada who would be uneffected by the strait being close.

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  • [–] 2 points 2 months ago*

    It is, and most of it goes to Asia, but since oil demand is just barely met all over the world a supply shortage anywhere is felt everywhere through rippling demand. But I was just explaining why a closed-door domestic oil policy wouldn't work in the USA despite our net export. Under any foreseeable global demand regime.

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