correct me if I'm wrong, but the United States doesn't even have oil refineries that are capable of making gasoline out of American oil? like we need the type of oil that the middle East has, so we're constantly trading oil back and forth even though we have plenty of it
I think I've heard this is true. something about politicians wanting to look environmentalist and therefore preventing the building of any more refineries
yeah from what people are telling me, we have the capability of processing lower quality crude oil so it makes more sense to export our high quality stuff, then buy the cheap stuff since we can already refine it.
yeah thats pretty much the TL;DR here. It's complicated since oil is complicated and there isn't really a "insert oil" oil to talk about, there are a lot of variations of it, and a lot of ways to refine it, and a lot of different resultant products from it as well.
The fact that the modern petro industry even works is kind of insane.
Butter and skimmed milk also come from the same source. You have a complex mixture of stuff that is differently viscose, so in mixture it all ends up with a certain viscosity. Now you separate it and you get stuff that is almost solid and you get stuff, that is very liquid, or in the case of crude oil you get some gaseous fractions.
dude. we are not talking about the gasoline. we are talking about the oil being used to make the gasoline. what percentage of the crude oil being refined into American gasoline is American produced crude oil?