A friend of mine is a VP for Chevron. He told me that due to high sulfur and/or acid content the refining costs can be much higher than what they pay to refine some foreign oil for fuel products. So those “heavy” products get used for lubricants, wax, asphalt etc. The only crude that is the closest to being able to provide for all petroleum products before refining is Algeria’s light Saharan Blend.
And to top it off…his so-called friend is a fake or outright lying to him.
Texas Crude is benchmark for all oil around the world. In fact it’s some of best crude oil in the world.
Why do libs come here and BS or outright lie to our faces? Do they they actually think they’re so smart…or are they actually that stupid. Inquiring minds want to know.
So tell me where was the BS? I will agree that Texas Crude is very good. But Chevron does not only use oil from Texas. And they do manufacture non-fuel products, correct? And doesn’t refining costs factor into which oil from which well is used for those products?
Petroleum products is used for so may things now it’s nearly impossible to eliminate.
Yes Alaskan and “some” parts of Dakota’s aren’t the best oil…and neither is Canadian tar sand from my understanding. Also parts of Gulf of Mexico and Mexico itself isn’t good oil…again that’s from my understanding. Haven’t studied it.
Either way I knew Texas crude was benchmark for oil as long as I can remember. Not saying it’s best in the world but it’s high quality.
I also know that John Rockefeller (Standard oil) got filthy rich once gas powered vehicles came into play…and richer after Standard was broken up and Ford came out with assembly line. Before than that byproduct was burned up…same for LP. Lp is still being burned…I think. Not enough people using propane.
Your computer, Iphone…all those plastic products and many other chemicals used today is from petroleum.
To eliminate gas you first need to eliminate those other products, like diesel, jet fuel, bunker oil, heating oil and yes chemicals. That’s why gas is lot cheaper than diesel and, jet fuel and heating oil.
There was a time when those products where cheaper than gasoline…but due to better gas mileage that demand came down per barrel…thus driving up the cost for diesel, jet fuel and heating oil.
No, but I did read an article about it. The focus was how US oil companies do some refining and re-sell those products at a higher price to make margin profits.