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Miguelito Loveless

(5,810 posts)

14. The oil industry likes it this way

Thu Apr 16, 2026, 11:12 AM

20 hrs ago

it keeps prices up, profits high, and the world remains addicted to oil. Most refineries in the US are designed for oil produced in Canada and South America, and we export our lighter grade oil to Asia which has the refineries to handle it.

Oil companies refuse to build new refineries in the US because no one wants one in their town and they don't want to spend hundreds of billions of dollars just to see the market change by the time the refineries come online. There is a vast amount of economic and supply chain inertia keeping things as they are.

The long term solution is green energy, but that is another battleground Big Oil is fighting tooth and claw.

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I know, but the nations buying the oil have their own refineries and can do necessary tweaking to handle different crude ChicagoTeamster 21 hrs ago #8

"can do necessary tweaking to handle different crude" BumRushDaShow 20 hrs ago #9

I have a physics degree but took a year of organic chemistry and yes I know the apparatus are complex ChicagoTeamster 20 hrs ago #10

The oil industry likes it this way Miguelito Loveless 20 hrs ago #14

Remember that many around the world BumRushDaShow 19 hrs ago #15

Catch is everyone is doing just enough to max short term profits IbogaProject 13 hrs ago #26

You can't "tweek" a refinery Miguelito Loveless 20 hrs ago #12

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