Quote:
Originally Posted by Rajoo
Domestic oil and gas production is already at all time highs and any increase will force the world's producers to cut back to keep prices high.
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Not exactly.
The crude oil pumped in the USA is, for the most part, 'light crude' and it has to be exported, because USA refineries are designed and built with the intent to process Middle Eastern style heavy crude.
The heavy crude produces spin-off petroleum products that light crude can not. I'm guessing single use containers that we like to throw away.