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Environment & Energy

Random Boomer

(4,421 posts)

18. Say what?

Reply to Stargazer99 (Reply #16)

Mon Jun 15, 2026, 10:54 AM

15 hrs ago

None of this is a secret. None of this is nefarious in purpose. I'm not some expert in the petroleum industry that has insider knowledge. This is just basic information that is readily available for anyone who pays attention to the news over the years.

Oil infrastructure is a massive investment. Companies don't make that kind of investment unless they absolutely have to do so. This is the reason that few companies were interested in Trump's "triumphant" acquisition of Venezuelan oil. The infrastructure is in bad shape and there was little incentive for any company to invest a fortune and a decade of time rebuilding it, especially in a country that is so politically volatile.

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Oil executives send a blunt message to Americans on gas prices [View all] Dulcinea 19 hrs ago OP

Probably one reason Trump agreed to an Iran ceasefire. Lonestarblue 19 hrs ago #1

Yes, assuming the deal is even finalized and signed, which I am doubtful about LymphocyteLover 17 hrs ago #13

Vance says deal has been 'digitally' signed OKIsItJustMe 14 hrs ago #20

isn't it an MOU, not a final deal? LymphocyteLover 12 hrs ago #22

What to know about the deal to end the Iran war OKIsItJustMe 11 hrs ago #25

Doesn't the US produce oil from it's own sources as well as from Canada and Venezuela? ChicagoTeamster 18 hrs ago #2

Yes it is, but... MarcoZandrini 18 hrs ago #3

75% of US crude imports come from Canada, Mexico, and Colombia and 7% from Saudi Arabia. ChicagoTeamster 11 hrs ago #27

Each source of crude oil has different characteristics. WestMichRad 18 hrs ago #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 18 hrs ago #6

They know how to process all of the different grades of oil. They are doing it right now, in other countries. 3Hotdogs 17 hrs ago #9

Deliberate for a financial reason Random Boomer 17 hrs ago #10

It is untrue that U.S. refineries cannot process light sweet crude lonely bird 17 hrs ago #15

Those in power don't want the public know what you explained in your post-it shows how well our Stargazer99 17 hrs ago #16

Say what? Random Boomer 15 hrs ago #18

Tne general public does not know the dynamics of oil supply and therefore easier to manipulate Stargazer99 14 hrs ago #21

It's a pretty complex mixture to clean up WestMichRad 12 hrs ago #24

Yes but oil is priced on the global market LymphocyteLover 12 hrs ago #23

Reading between the lines what the oil industry executives are telling us....... KS Toronado 18 hrs ago #5

This FalloutShelter 18 hrs ago #7

in fact, it is likely to go up a lot because this Iran deal looks like it's going nowhere LymphocyteLover 17 hrs ago #11

EXACTLY!!! Otherwise known as "we're getting richer, and fuck you!" niyad 17 hrs ago #14

I have seen mention several times that gas prices will spike about July 4th... IthinkThereforeIAM 15 hrs ago #19

And big oil profits will stay high. multigraincracker 17 hrs ago #8

ANY statement prefaced... GiqueCee 17 hrs ago #12

Opening the Strait is a very small part of the matter AverageOldGuy 16 hrs ago #17

I don't think so WSHazel 11 hrs ago #26