Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless!

Linear Mode

Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless!

Levin

Supreme Guru
Reputation: 138

Posts: 21,187 Threads: 15,203
Likes Received: 2,893 in 2,660 posts
Likes Given: 498

#5

02-02-2025, 07:02 PM

(02-02-2025, 06:44 PM)winbig Wrote: US have a lot of shale oil. They should be self sufficient in oil?

US is self sufficient in oil but there are 2 main reasons US import oil.

One is the cost of producing US oil is higher than importing oil overseas (including shipping) because of the high manpower costs, land costs etc.

The other is that the US refineries are built for the 'wrong' type of oil. They are built for the heavier imported oil rather than the lighter oil that is pumped from their own wells. This is more due to politics as having this problem allows whichever party is in the opposition to use it against the incumbent party. Stupid from a holistic point of view but hey, it's USA.

https://www.nasdaq.com/articles/america-...port-crude

(This post was last modified: 04-02-2025, 05:54 PM by Levin.)

Find

Reply

« Next Oldest | Next Newest »

Messages In This Thread

Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by theold - 02-02-2025, 05:54 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by [[ForeverAlone]] - 02-02-2025, 05:54 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by theold - 02-02-2025, 06:06 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by winbig - 02-02-2025, 06:44 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Levin - 02-02-2025, 07:02 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Sentinel - 02-02-2025, 08:21 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by winbig - 02-02-2025, 10:38 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Sentinel - 04-02-2025, 05:26 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by winbig - 04-02-2025, 06:44 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Sentinel - 04-02-2025, 11:06 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by winbig - 05-02-2025, 04:40 AM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Sentinel - 05-02-2025, 04:43 AM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by winbig - 05-02-2025, 08:03 AM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Sentinel - 05-02-2025, 12:37 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by winbig - 05-02-2025, 12:57 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Sentinel - 05-02-2025, 09:38 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Tee tiong huat - 04-02-2025, 10:22 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by teaserteam - 02-02-2025, 08:29 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by theold - 02-02-2025, 08:43 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by revealer - 02-02-2025, 09:10 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by theold - 02-02-2025, 09:42 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by red3 - 02-02-2025, 10:45 PM

RE: Canada Cuts Off Oil & Power to the U.S. – Trump Left Speechless! - by Bigbluedot - 04-02-2025, 07:01 PM

View a Printable Version

Users browsing this thread: 1 Guest(s)