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To: wild74
USA is still importing over 8 million barrels a day, how can we be flooding anyone with oil when we don’t have enough for our own use.

Maybe the oil that we're importing was already contracted and paid for; hopefully, at a much lower rate than the oil that we are currently selling. A profit off buying low and selling high would be nice ...

13 posted on 04/24/2018 11:37:26 AM PDT by BlueLancer (Come Hell or High Water - https://www.youtube.com/watch?v=sQNUp9rgjNs&feature=youtu.be)
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To: BlueLancer

How about this: Buy the imported oil when it is cheap & then sell it back later to the same people when it is higher & they need it? Is that a possibility?


45 posted on 04/24/2018 4:10:49 PM PDT by oldtech
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To: BlueLancer
USA is still importing over 8 million barrels a day, how can we be flooding anyone with oil when we don’t have enough for our own use.

Never forget that America imports crude oil and exports gasoline, fuel oil, plastics, lubricants, waxes, etc.

48 posted on 04/24/2018 4:54:43 PM PDT by WMarshal (Molon Labe!)
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