Quote:
Originally Posted by joey2665
The state has a tremendous amount of leverage with its suppliers. It’s very likely the inventory can be returned to the source.
Absolutely agree that closing the Keystone pipeline was a huge mistake and needs to be reopened so we can stop purchasing 500k barrels of oil a day from Russia
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Purchases from Russia are not about the Keystone XL.
In fact, they had the option of reversing a pipeline... that is currently sitting nearly empty and only has enough to keep it ''wet'' that would transfer the oil to eastern refineries through the Montreal-Portland pipeline. Irving even publicly stated it would build the necessary coker to refine the product if that action was taken.
''Most of the oil that U.S. refiners buy from Russia is not crude oil, but fuel oil they use to produce gasoline in the absence of Venezuelan heavy oil supply to complement the imports of heavy Canadian crude from the oil sands.''
That come from an oil industry analyst.