• krolden
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    1 year ago

    The only reason the USA is exporting all that oil is because they don’t have the facilities to refine it.

    • HobbitFoot @thelemmy.club
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      1 year ago

      No. The USA has a lot of natural oil reserves, but a lot of them are more expensive to extract than the global average.

      Even with American companies no longer investing in new production, the USA has a lot of oil it has access to extract.