bAN OIL EXPORTS!! Keep US oil at home, lower gas prices! hashtag underscore yolo

[WarGamer]

Why am I seeing this in some corners of the interwebz?

It's really nonsense.

Let's start.

The US produces mostly "light sweet crude"

US refineries need "heavy sour crude" to produce gasoline, etc... from the oil imported from Canada, Mexico and Venezuela

If you ban exports you trap millions of barrels of crude here that refineries can't use.

Oil is priced as a global commodity so what are they suggesting? Price setting? Regulate oil prices to be $45/bbl??

And then with permanent $45/bbl oil, how many of the US drillers will just stop drilling as there's no money to make?


Sometimes the people who think they're really smart... are simply utter buffoons.



At least in California... $1.30-1.40 per gallon is taxes.

[surfered]

1. We export 10 million barrels of sweet oil a day while importing 8 million barrels is sour oil.

..mostly from Canada, Mexico, and Venezuela.

[Bluetus]

2. IOW, No new oil leases for any company that exports a drop of our oil.

[taxi]

3. The claims regarding heavy sour producing more gasoline

are indeed the opposite, light sweet produced more gasoline at lower costs and is easier to refine.

I guess there is no answer to to why people feed us misinformation. It's like you said, Sometimes the people who think they're really smart... are simply utter buffoons.

https://www.alphaexcapital.com/commodities/energy-commodities/crude-oil-trading/light-sweet-vs-heavy-sour-crude]

If you're comparing light sweet vs heavy sour crude, this guide breaks down the key differences and practical trade-offs.

Key takeaways

Light sweet crude (≈35-45° API, ≤0.5% sulfur) refines 10-20% cheaper and produces more gasoline and diesel than heavy sour crude.

https://www.ebc.com/forex/types-of-crude-oil-complete-guide-for-beginners

Frequently Asked Questions (FAQ)
1. Why are some crude oils more valuable than others?
Light, sweet crudes are easier to refine, produce cleaner fuels, and command higher prices, while heavy, sour crudes cost more to process and are often discounted.

[WarGamer]

4. Thet's not what I claimed... US refineries are not built for light sweet.

[taxi]

5. That completes the picture.

US refineries need heavy sour

[WarGamer]

6. Which is exactly why we export Light sweet