The problem in the US is that yes, we do pump plenty of oil. But we don't refine most of that light crude ourselves. Our refineries are set up for heavy crude, like what comes from Venezuela. So we are basically selling our oil on the open market and importing oil to refine. That is why we need new refineries!
The problem in the US is that yes, we do pump plenty of oil. But we don't refine most of that light crude ourselves. Our refineries are set up for heavy crude, like what comes from Venezuela. So we are basically selling our oil on the open market and importing oil to refine. That is why we need new refineries!