Discussion in 'Current Events' started by Party Rooster, Dec 5, 2011.
Was wondering why gas has still been going down despite oil going up over $100 a barrel.
Maybe it's me, but I thought most countries did their own refining. Are we just exporting to the third-world?
Yes but no. We're exporting largely to third-world nations, but a lot of more modern societies still rely heavily on imports for largely political reasons.
All in all this is very good economic news for us.
Yep. Now if only we had started more drilling about 10 years ago...
Can I get the link to the article please?
Their demand for gasoline is going up faster than their levels of refining, while in the US demand isn't really increasing - cars are getting more efficient, people are driving less, etc...
However our politicians will fuck it up by pressuring refineries to restrict exports in an attempt to glut the local market and drive prices down. Resulting in foreigners sending us less oil and refining it themselves.
You can always expect a political solution that ruins a good thing.
Additionally, our refineries are the only ones that can handle certain crudes, like the high-sulfur stuff from Venezuela. They need us to refine their shit otherwise it's just duck coating.