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submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml
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[-] krolden@lemmy.ml 0 points 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 5 points 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.

this post was submitted on 04 Oct 2023
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