Forum Discussion
theoldwizard1
Apr 20, 2018Explorer II
hugemoth wrote:
I've always understood that it is illegal for US oil to be sold overseas.
Nope. Even "finished" petroleum products (gasoline and diesel) are sold over seas.
After the US switch to ultra low sulfur diesel several years back, exports of low sulfur diesel shot through the roof. It was cheaper to dump the stuff on the world market than install the equipment to remove the remaining sulfur. And, at the same time, it help produce a shortage of ULSD driving the price up !
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