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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

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[–] 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.

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