[thackney]

1 light sweet barrel = 1 heavy crude barrel plus cash.

Pemex is collecting bid, private oil companies to decide what it is worth to them.

[conservatism_IS_compassion]

Is this a 1-for-1 swap???

Why would we do this? Light crude is much more easily-refined than that Mexican and Venezuelan crud.

1 light sweet barrel = 1 heavy crude barrel plus cash.

Pemex is collecting bid, private oil companies to decide what it is worth to them.

I understand that Mexico needs light crude to help them flush their heavy crude out of its wells.

And I think you said that American refinery aren’t set up for light crude but for (cheaper) heavy crude?

Sounds like a win-win.

But then, so does simply repealing the embargo of American exports altogether. It was bad Democrat policy when enacted, and makes even less than no sense now.