▲ 174 ▼ Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves (apnews.com) submitted 4 days ago by KoalaUnknown@lemmy.world to c/news@lemmy.world 40 comments fedilink hide all child comments
[–] ironpangolin29@lemmy.ca 1 point 4 days ago (2 children) Doesn't refining sour crude result in higher gasoline prices? permalink fedilink source hideshow 4 child comments replies: [–] anon_8675309@lemmy.world 6 points 4 days ago 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. permalink fedilink source parent [–] Earthwormjim91@lemmy.world 2 points 4 days ago* (last edited 4 days ago) 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. permalink fedilink source parent
[–] anon_8675309@lemmy.world 6 points 4 days ago 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. permalink fedilink source parent
[–] Earthwormjim91@lemmy.world 2 points 4 days ago* (last edited 4 days ago) 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. permalink fedilink source parent