While Americans can’t afford gas Brandon sending oil to China

[WHO IS SERAFIN]

 

[Nebulous's iconNebulous]

Whats up with that?

 

[Webster]

Serafin's right but not for the reasons stated....quoting Bloomberg...

A large portion of the barrels that will be offered from the U.S. Strategic Petroleum Reserve will likely be exported to China and India, traders said.

That’s because the supplies will consist of sour crude, a type of oil that U.S. refiners are shunning due to its high sulfur content, which makes it more expensive to process. For some foreign buyers, though, U.S. sour crude is attractive because it’s much cheaper than the global Brent benchmark.

 

[WHO IS SERAFIN]

Serafin's right but not for the reasons stated....quoting Bloomberg...

Yeah it’s another half truth. Brandon would just need to drop some of the regulations to produce that oil here until we get our prices stabilized. It’s expensive because Brandon keeps it expensive.

 

[Webster]

Yeah it’s another half truth.

And you're half-right there also; we're not selling it to them - they're buying it 'cause its' cheap.

 

[WHO IS SERAFIN]

And you're half-right there also; we're not selling it to them - they're buying it 'cause its' cheap.

Selling it or buying unprocessed oil, what is the difference?

 

[Webster]

Selling it or buying unprocessed oil, what is the difference?

Because its oil our oil producers won't touch 'cause of the high sulfur content in it.

 

[WHO IS SERAFIN]

Because its oil our oil producers won't touch 'cause of the high sulfur content in it.

We’re going in circles, because of the high regulations were giving sorely needed energy away. Brandon could easily put that aside until this energy crisis is over.