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grantcart

(53,061 posts)
8. Currently the US imports 9 million barrels of crude a day and exports
Sun Mar 18, 2012, 11:56 AM
Mar 2012

900,000 barrels of processed gasoline and petroleum products a day.


Question

1) do you believe that the crude and petroleum markets are indeed 'fungible' ?

2) where do you believe that the majority of refined products is going?
I thought that every drop of oil pumped goes on the ... GodlessBiker Mar 2012 #1
Build the refinery in ND and it is more difficult to sell overseas liberal N proud Mar 2012 #2
Bingo! excuse not to write Mar 2012 #6
The lying to us will never indepat Mar 2012 #14
Exact-a-fucking-mundo pkdu Mar 2012 #3
I am guessing that it isn't the actual refining that is the problem but the entire grantcart Mar 2012 #4
How does it get to the US consumer from Texas? liberal N proud Mar 2012 #5
it doesn't get distributed by truck or rail to the midwest now? ellenfl Mar 2012 #13
A few facts... Lochloosa Mar 2012 #7
Currently the US imports 9 million barrels of crude a day and exports grantcart Mar 2012 #8
See post 7 liberal N proud Mar 2012 #10
lol so I take it that you don't believe that oil is a fungible commodity and grantcart Mar 2012 #11
It isn't about fungability, it is about the lies Americans are told liberal N proud Mar 2012 #12
There isn't enough oil floating in the Gulf of Mexico yet? kenny blankenship Mar 2012 #9
Why are they not screaming this day and night on tv? slater71 Mar 2012 #15
My point exactly. liberal N proud Mar 2012 #17
Its still $100 per barrel oil - the tar sands project is one of the most expensive there is bhikkhu Mar 2012 #16
BINGO, you get a cookie! Odin2005 Mar 2012 #18
Oil and its refinery products are fungible commodities, traded on global markets. eallen Mar 2012 #19
Because that part of the project is already completed Sen. Walter Sobchak Mar 2012 #20
It's not and never was for US or Canada for that matter. Devil_Fish Mar 2012 #21
But advertising leads people to believe it will be. liberal N proud Mar 2012 #22
Implement a $5/gallon gasoline/diesel export tax. krispos42 Mar 2012 #23
Best idea ever. Devil_Fish Mar 2012 #24
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