Oil goes to where it is easiest and cheapest to ship to and to refine.
The bulk of the U.S. refining capacities is NOT on the West Coast.
To get Alaska crude to Gulf Coast refineries would require a dangerous voyage "around the Horn" as oil tankers are 50 feet too wide to cross the Panama Canal.
In addition, Alaska does not meet anywhere near 100% of U.S. oil consumption and all the countries in the World are drinking from the same total amount of oil.
If you go through the extra expense and danger of shipping Alaska crude "around the Horn" to refineries in the Gulf Coast, you have accomplished nothing except that the Japanese are now buying all the oil that they did not get from Alaska from those oil producers that are located in areas with much easier shipping access to Gulf Coast refineries.
If that were true then why do we not get 100% of our oil from Canada? Your saying that the 40% we get from the Saudis from tankers sailing across the ocean is easier and cheaperthan getting it from Manatoba & Saskatchewan?
“Oil goes to where it is easiest and cheapest to ship to and to refine.
The bulk of the U.S. refining capacities is NOT on the West Coast.
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I’m sorry. This is an official kook thread and you’re inciting content with with talk of fungibility and making sense. Please leave immediately or you’ll be branded a sheeple kool-aid drinking oil company apologist.