Forum Discussion
LindsayRichards
May 10, 2013Explorer
I was reading an article and it said we export more gas and diesel than ever before. Lets admit, companies go wehre they can get the most profit.
The gasoline we export is becasue the we have excess refining capacity due to the lower usage from the recession. The companies import crude and add value to it by refining it into gasoline and other refined products to sell abroad. Their other choice is to closed down that part of the refinery and fire the employees. The supply and demand is in the crude oi, not the refined products. The oil company haters will try to make you think this is an indication of greed, but it is importing a raw material, and adding value to it and selling it overseas. The employees who make it are sure glad they have a job. When the recession is over (soon we hope) and gasoline usage goes back up, they will sell the gas here first. Just makes sense. What really makes sense is to get the crude here, add value and sell it abroad.
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