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Norrrm

(5,959 posts)
Fri Jun 12, 2026, 01:40 PM Friday

Why doesn't America use its own oil to save us the high prices of world oil? [View all]

Why doesn't America use its own oil to save us the high prices of world oil?...
That question comes up but does not stay active very long. We are told that our own oil
is not the right kind of oil for our economy so we sell most(?) of it on the world market and
buy the type of oil better suited for us.
Now if we use the money that we get for our oil to buy the better oil, we should come out somewhere near even.
The way I see it, Trump is keeping the sale money as revenue and using it for his own purposes. Then we have to buy world oil at the high prices with little benefit from our own oil on energy prices.
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https://www.democraticunderground.com/10143670308 (May 28)
America's Emergency Oil Reserve Is Shrinking Fast
......... 13. I wish that's how this worked but it isn't.
Reply to Norrrm (Reply #11)
Mon May 25, 2026, 07:58 PM
Most US production, fracked crude, is light sweet. However, much of our refinery capacity is geared to handle heavy, sour crude, higher in sulfur content. The thick stuff we've been importing from Mexico, Canada, Colombia and Venezuela for ages. Long before fracking became a thing. Refinery setup is a function of decades of planning and billions in investment. Much of our refining capacity still can't efficiently refine light sweet, even though we produce more of that grade than nearly anyone. That's why we're not only the biggest exporter on the globe, but also the biggest importer behind China. The details behind that paradox.
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https://www.democraticunderground.com/100221300604
The tanks in Cushing, Oklahoma, are hitting bottom. The oil market is about to hit a tipping point

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