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Environment & Energy

Random Boomer

(4,421 posts)

10. Deliberate for a financial reason

Reply to OldBaldy1701E (Reply #6)

Mon Jun 15, 2026, 08:41 AM

Yesterday

Refineries are incredibly expensive to build, not to mention it takes years to get them operational. It's simply cheaper in the short-term to export to refineries that are already processing the type of oil you're pumping and import the type of processed oil you need.

The entire global world order of post-WWII was founded on the business efficiencies of trade. This is the world order that Trump is intentionally (antagonizing our allies) and unintentionally (Strait of Hormuz) destroying. Suddenly all that efficiency of trade is becoming a liability.

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Highlight:

Oil executives send a blunt message to Americans on gas prices [View all] Dulcinea Yesterday OP

Probably one reason Trump agreed to an Iran ceasefire. Lonestarblue Yesterday #1

Yes, assuming the deal is even finalized and signed, which I am doubtful about LymphocyteLover Yesterday #13

Vance says deal has been 'digitally' signed OKIsItJustMe 22 hrs ago #20

isn't it an MOU, not a final deal? LymphocyteLover 20 hrs ago #22

What to know about the deal to end the Iran war OKIsItJustMe 19 hrs ago #25

Doesn't the US produce oil from it's own sources as well as from Canada and Venezuela? ChicagoTeamster Yesterday #2

Yes it is, but... MarcoZandrini Yesterday #3

75% of US crude imports come from Canada, Mexico, and Colombia and 7% from Saudi Arabia. ChicagoTeamster 18 hrs ago #27

Each source of crude oil has different characteristics. WestMichRad Yesterday #4

"So a given refinery is pretty much locked in to use a single source of crude, or that from a very limited number..." OldBaldy1701E Yesterday #6

They know how to process all of the different grades of oil. They are doing it right now, in other countries. 3Hotdogs Yesterday #9

Deliberate for a financial reason Random Boomer Yesterday #10

It is untrue that U.S. refineries cannot process light sweet crude lonely bird Yesterday #15

Those in power don't want the public know what you explained in your post-it shows how well our Stargazer99 Yesterday #16

Say what? Random Boomer 23 hrs ago #18

Tne general public does not know the dynamics of oil supply and therefore easier to manipulate Stargazer99 21 hrs ago #21

It's a pretty complex mixture to clean up WestMichRad 20 hrs ago #24

Yes but oil is priced on the global market LymphocyteLover 20 hrs ago #23

Reading between the lines what the oil industry executives are telling us....... KS Toronado Yesterday #5

This FalloutShelter Yesterday #7

in fact, it is likely to go up a lot because this Iran deal looks like it's going nowhere LymphocyteLover Yesterday #11

EXACTLY!!! Otherwise known as "we're getting richer, and fuck you!" niyad Yesterday #14

I have seen mention several times that gas prices will spike about July 4th... IthinkThereforeIAM 22 hrs ago #19

And big oil profits will stay high. multigraincracker Yesterday #8

ANY statement prefaced... GiqueCee Yesterday #12

Opening the Strait is a very small part of the matter AverageOldGuy Yesterday #17

I don't think so WSHazel 19 hrs ago #26