Why the U.S. Can’t Use the Oil It Produces

The United States is the biggest oil producer in the world, but trades nearly one third of the oil it produces for foreign oil. Why can’t we use it ourselves and become energy independent? The answer is more complicated than you might expect.
This video is sponsored by Read Write Own by Chris Dixon. Get your copy at readwriteown.com/morningbrew
Subscribe to Morning Brew
Sign up for free today: www.morningbrew.com/daily/sub...
Follow The Brew!
Instagram - / morningbrew
Twitter - / morningbrew
Tik Tok - / morningbrew
More from Nathan: @sparkpass

[@unrealistic5996]

Texas chemical engineer here. not sure if you touched on this but a big reason we import oil to texas is due to texas’ unique oil refineries built to refine heavy hydrocarbons and generally “nasty oil”. many countries have no means of refining their oil and will sell there crude for cheap to the few countries that can refine it.

[@eudofia]

Exactly right. I just replied to a user above who erroneously said it was more expensive to import crude. As you mentioned, US refineries are designed for the heavy crude, and heavy crude is sold at a discount in the international market.

[@letsburn00]

It's also a case of its near(ish) to a lot of heavy crudes to the south. It's funny, because where I'm from (Australia) there is just loads of gas and LPG.

[@maxheadrom3088]

Thicker oil have longer chain hydrocarbons, correct? Aren't they better fort making plastics and lubricants?

[@eudofia]

@@maxheadrom3088 @maxheadrom3088 Correct. I think it has been touched on somewhere in this comments section.

[@PatrickKniesler]

Sounds like chocolate to me.

[@mrdonetx]

The United States has light sweet crude oil. Which refines almost one for one into gasoline. A little less into kerosene. We import heavy crude because you can get gasoline, diesel, kerosene, carbon chains used in plastics and even fine sand used in pool filters we get from heavy crude.

[@jieddo1]

This is the correct answer!

[@longtimber1]

LTO aka shale oil is unconventional. So it's about Real crude vs LTO

[@user-dq4jk2dd3d]

Gasoline and propane also butane. Popular fuel from Car to cookout grilling also butane for lighter to ignition. From light brown crude oil in America.

[@calbowa]

Is also because lots of us refineries are set up to refine heavy crudes not light crude like WTI

[@ranger178]

the refineries i worked out said they only get 1/3 gasoline and 1/3 diesel or number 2 fuel oil and everything else from tar to butane is the remainder, so they take a lot of the diesel and run it through crackers to make it into gasoline.

[@argus4650]

So 👉👈, what’s it gonna take to open those other 946 nuclear power plants!?

[@Thor-Orion]

We want nuclear power! I need these nuka boys to give me a fusion reactor to power my Time Machine!

[@san1eong]

That’s not gonna happen. On PA, there is a plant nearby that has two towers, they deactivated one and looking to shutdown the 2nd one. Nuclear is not profitable.

[@warponoob3315]

Nuclear plants aren't really a solution

[@eciekoc]

@@warponoob3315 Yes they are. The technology is there, the fuel is there. There is no other option that can handle the unprecedented demands of electricity that we have today.

[@caynehampton1878]

Around here (Delaware River), once home to the largest oil refining complex on the East Coast, eight refineries at its peak, only four remain due to deindustrialization and foreign competition. They import tons of crude from Saudi Arabia, Nigeria, Angola, Venezuela, Mexico, Norway, Scotland, Iraq, Newfoundland, Canada, Colombia, Gabon, Congo, Chad, and the former Soviet Union. Those refineries here were built to handle those types of crudes along with crude from Texas.

[@j.s.c.4355]

Your explanation of refineries leaves out an important detail: you can’t make all the products from any one kind of oil. To continue with your analogy, strawberry oil can only make butane, propane and gasoline, while chocolate oil can also make gasoline, but is the only thing that can make airplane fuel and bunker oil. Heavy oil makes heavy products, light oil makes light products. You can’t get everything we use from either kind.

[@kingofnothing2260]

Cracking hydrocarbon chains into different lengths is all they are doing, gasoline, diesel, kerosene, jet fuel, and plastics creation are all from the same oil

[@petemulhearn7787]

I agree. My first job when I left school in the 1960s was working in a UK oil refinery and the first area I worked on what what we called Products Blending where we mixed different types of petroleum (crude) from various parts of the world to get the optimum output for the market. I remember that the Saudi crude for instance, was so viscus it had to be heated with steam before it could be moved along pipelines whereas other crudes could be as thin as lubricating oil. But the one factor that always seems absent from the "stop drilling oil" advocates is plastic and the world's total reliance on it. I'm not talking about plastic bags but electrical insulation plastics. Stop pumping crude oil and there's no more plastic insulation because its made from crude oil and that means no electricity, none, anywhere, from any source. No electricity means not only no communications but no water, no modern drugs, no food, no commercial transport, etc, etc. The world's population, at least the very few that survived, would revert to the pre industrial era. Stop pumping crude oil and global warming becomes just a minor inconvenience.

[@paulwolf8444]

Substitute won't for can't.

[@loosecannon6852]

@@petemulhearn7787 It's amazing how short sighted most people are. I'm probably a bit younger than you, but I can still remember the time when absolutely everything wasn't made of plastics.

[@originaljjvvideo2979]

​@kingofnothing2260 only real difference is cost of refining the different types of oil example heavy or light refining bitumen is cost and water consuming but yes not much difference in the carbon chain fracking produces lots of condensate very volatile fluid good for military weapons jet fuel

[@avaxasirvina6740]

We will need oil even if it is no longer fuel. Still need it for medial supplies, lubricant's, computer parts, car parts, etc.

[@ronvandereerden4714]

All those things can be produced without oil. Oil has just been the easiest way. As the bottom falls out of the fossil fuel market oil may not remain the easiest and cheapest source.

[@jghifiversveiws8729]

Elemental sulfur is probably the most important usage, with over 90% of sulfur supply coming from the desulfurization process. Where would we be witthout the "king chemical" sulfuric acid.

[@don-cw1yz]

@@ronvandereerden4714 The primary ingredient in tyres is oil. Think asphalt shingles on house roofs, waterproofing materials in construction, plastics, some pharmaceuticals etc . We will always need oil.

[@bricefleckenstein9666]

Feed stock for Plastics - and no "ronvendereerder4714" Oil can NOT easily be replaced for that usage, even by Coal which is the next best option.

[@danielcarroll3358]

Twenty years ago the head of the International Energy Agency, a UN agency, was in my office talking to a Saudi official. He said, "Petroleum is such useful stuff. You can make plastics, drugs, all kinds of stuff out of it. And do you know what we do with most of it? We burn it up."

[@jefferyeis9287]

All oil is not equal in chemical composition, hence not all oil can be used for the same purposes. Most of our oil is not fuel grade oil, although we do have sweet crude production. We trade our oil to countries that need what we have in exchange for the types of oil we need here in the U.S. There are also oils that are still to young to produce, the oil needs to cook a little bit longer. Oil and Natural Gas are the result of natural geologic processes, and as long as those processes continue, this planet will never run out of oil and natural gas.

[@kortyEdna825]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@Pamela.jess.245]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.

[@libbybollinger5901]

God, I love the smell of bots in the morning.

[@harmanaulakh7529]

Mhmmm love bots

[@talisikid1618]

It’ll just get you taxed a lot more. The wealth will be redistributed to maintain society. Rent seeking and profiting from the misfortune of others will become a lot more unpopular.

[@gigantopithecus8254]

@@libbybollinger5901i think you commenting this causes the bots to stop

[@lukethompson5558]

How can you not mention the Jones Act? This plays a HUGE part in why the US exports and imports rather than moving it around our own country

[@kucz]

Hey Luke! Thanks for pointing this out. You're correct that the Jones Act impacts why the US can't easily ship oil from places like Texas to different parts of the country without a pipeline. This isn't the only reason oil is swapped with other countries-as outlined in the video-but the limitations on shipments between American ports are yet another economic reason to import oil. Quite frankly, I meant to include this in the video, but I missed this point. To hopefully pick up this slack a little bit, albeit in a comment, here's some info on the Jones Act for those interested: The Jones Act is a US federal law from 1920 that requires goods shipped between two American ports (e.g. Texas to California) to be shipped on an American built, owned, and operated vessel. (Interestingly, the ship at the beginning of the video is one such ship called the "Texas Voyager" which is Jones Act compliant.) This rule, intended to protect domestic shipping interests, effectively limits the competition on these trade routes, which can lead to higher costs. Evidently, it's not always too expensive to comply, as some oil tankers do, in fact, move between American ports. But sometimes this extra cost can make the difference. So, as I mentioned in the video, oil refiners generally will take the cheaper option, and the Jones Act is one more reason it can be more expensive to use American oil. I hope this helps, and my apologies for not including it in the main video! - Nathan

[@MTMind69]

@@kuczgreat reply. you should consider doing a video on the Jones Act, raising awareness to the economic problems its causing.

[@johnham8824]

left out zionist organized crime controls oil and gas in the usa ,except for tex.

[@gregallen7045]

Gotta protect those overpriced unions

[@MorningNapalm]

Gotta export all jobs to the lowest foreign bidder? @@gregallen7045

[@sonnybigirwa9908]

The strawberry and chocolate analogy is good, but you could have also used the real technical terms in tandem for real informative and educational value

[@maxhugen]

The "strawberry and chocolate" bit was fine for kids 10 and under... but really... "light" and "heavy" oils and their relevance to refineries can be quite easily explained.

[@bobb.6393]

@@maxhugenchocolate covered strawberries

[@jtjones4081]

EIA Annual Energy Outlook sees production of crude oil and distillates remaining at current levels (around 12-13 mmbd) through 2050. Even that seems very optimistic.

[@JJVPYOU]

​@maxhugen There's more than just heavy and light oil. There's also sour and sweet oil. Some refineries use a blend of oils to get a mixture they can process. Some refineries can only process sweet oil and others can process both sweet and sour. Those refineries are more complex. Marathon refinery in Texas City is an example of a very complex refinery.

[@AlokSharma1]

You know I guess he is just trying to white wash shale oil and it’s very sour if I m not wrong which results in higher corrosion of vessels and lines also it’s highly polluting in comparison to sweet crude. It just feels like another propaganda news piece from shale oil lobby

[@robertball3578]

An interesting observation: the OPEC embargo was the 1973-74 winter, we waited in long lines to buy fuel. Alaska wasn't producing much oil yet, the pipeline was under construction. In May, 1974 we left Tacoma, WA for Fairbanks, AK. No gas shortages in Canada; it was man-made by US politicians and bureaucrats. Same thing in 1975, traveling from VA to CA, time was limited because I was taking my family home before I left for Germany (US Army). Got to Barstow, CA, middle of nowhere, need gas. Signs say no gas so I asked when they expected the tanker; he replied that they had plenty of gas but government regulations set limits on what they could sell each day. At midnight they opened the pumps for a new day.

[@user-xq1wz3tp5z]

John Hoffmeister, ex-Shell oil CEO, said that the "gas crises" in America were a result of American drivers insisting filling their gas tanks more often in face of supply disruptions -- that the problems were mostly caused by hoarding.

[@michaelbenardo5695]

I remember that. The radical environmentalists had infiltrated the government and were running a test to see if they could convince the public that traditional American cars are "bad" and small foreign cars are the Savior of the world, and they are totally indifferent as to the jobs they destroyed.

[@billg4630]

We need new refineries...desinged to process more of our oil

[@legendaryz_ch]

A new cancer valley lets go

[@user-xq1wz3tp5z]

@@legendaryz_ch Illinois refused to allow new refinery there a few years ago...

[@waynevan7050]

@@legendaryz_ch Cold and heat kill much faster than cancer.

[@bigjohnson7415]

Can they build one in your back yard?

[@colemanjr]

I agree but that COST!! Doing some research I read it can cost from $5 to 15 billion dollars. And that is just one!

[@dalerudd6330]

I have worked in the oil and gas industry for years. When you talk about strawberry and chocolate oil you are somewhat mistaken. The difference is what they call heavy oil (Bitumen) and thin light crude oil. The technology to modify heavy oil into thin light crude oil exists and we use it in Canada a lot. We process it in an upgrader and then it can be refined in a regular refinery.

[@donaldkasper8346]

Called catalytic cracking of the heavier crude. Main issue is sulfur content for refineries.

[@vickclash7955]

Process the oil to lighter one have been there for ages, you don’t call it tech!

[@donaldkasper8346]

@@vickclash7955 Very high tech. Chemical engineering tech. Involves PT relations and catalysts.

[@roots4x]

@@vickclash7955 "Tech" is simply something man-made that we use to create something that otherwise wouldn't exist. It has nothing to do with how new or innovative it is. It's short for technology.

[@Fastlan3]

That idea was covered... The U.S. doesn't currently really have such, and political is against investing in creating those different refineries. Am I mistaken?

[@roberthealey7238]

Since US oil is freely traded, it goes to the highest bidder which isn’t necessarily a US refinery. It can be cheaper for US refiners to purchase foreign crude rather than domestic.

[@mynameisgladiator1933]

US Crude is generally better.

[@YoungMesrine]

​@@mynameisgladiator1933 No it's not.

[@j4genius961]

@@mynameisgladiator1933 Crude oil is crude oil my dude, no matter where it's drilled🤣

[@wajutiem08]

​@j4genius961 I thought there was a high-quality crude oil called " sweet crude oil 🛢." What is that all about???

[@chillxxx241]

@@j4genius961That is not true at all.

[@alext8828]

Love the graphics. You put a ton of work and imagination into this video. Thank you.

[@wtf2203]

Oil extracted here is already promised to foreign customers. The price of oil products depends on processing capacity. Fewer plants guarantee higher prices & higher prices mean much more profit from reduced production, & all the costs that go with it. Export means filling tank cars & sending them directly to ports along the shoreline. Simplicity.

[@mrMacGoover]

Canadian crude is too thick to be pumped through the pipeline to U.S. refineries, so light oil must be shipped to Aberta to be mixed with Canadian crude so it can be pumped to the southern U.S. to be refined .

[@oadka]

damn that's an interesting tidbit.

[@paulmaxwell8851]

In fact, 'condensate', which is a naphtha product derived from natural gas, is mixed with heavy tar sand crude at 35% (two parts crude, one part diluent) to make it 'pumpable'. The resulting blend is called 'dilbit' or diluted bitumin. To my knowledge, all condensate is Canadian. We ship 95% of all dilbit to the U.S. because Canada never invested in the refining technology needed to deal with heavy bitumin.

[@mrMacGoover]

@@paulmaxwell8851 Naphtha!....that's the light oil I was trying to think of when I made my comment but was having a brain fart at the time .😄 Thank you for your input on this subject! It's interesting that we in Canada have all the necessary additives to refine our own crude for transport through pipeline to out own refineries but we don't refine enough of our own to have cheaper fuel, one main reason being that we have the world superpower to our south that would get pretty pissed off if we stopped pumping enough crude to their refineries in the south to sustain their needs, and we don't have the military capacity to stand our ground if we get on the bad side of the U.S.

[@normantrapp9689]

Americans should be buying from Canadians our little brothers instead of people half way around the world who hate both of us

[@tonybarracuda3505]

@@oadkato bad it’s not true 🤷‍♂️

[@jackprier7727]

The massive amount of oil produced from the Baaken Field in N Dakota isn't oily at all. Industry parlance calls it "condensate" {the stuff that condenses in natgas pipes} or "natural gasoline"-stuff that is even thinner than diesel.

[@lauramater628]

I spent 8 yrs in north dakota hauling oil and working on neighbors rigs I made some Good money. I miss the money.

[@neonjoe6180]

The old pumpers called natural gas condensate "drip" It would run a gas engine, but if didn't add some oil it would lock an engine up.

[@jackprier7727]

@@neonjoe6180 yeah--the drips condensed inside the top of cold steel pipelines- Not much for "oil" but it sure blows up easy {Lac Magantic, Quebec}-

[@Homer-OJ-Simpson]

Oh man, another good video from Morning Brew. Didn’t expect much when this this channel started but now I’m sold on this channel Good and relevant topic, well explained, and nicely edited with graphs and other things

[@michaelgautreaux3168]

GR8 way to explain sweet & heavy crude. U get more from heavy but production volume is cheap w/ sweet. @ least that's what was explained to me by people who have spent their lives, @ all levels, in the trade. Many thanx 👍👍

[@smacfe]

Sometimes oversimplifying things ends up straying from the meaning. California policy has made it so difficult to pump oil out of the ground that there is no economic way it can compete with foreign oil. The Biden administration's ban on expanded pipelines means that any additional domestically sourced oil absolutely cannot be used in America as the transfer apparatus is already at capacity. The Biden promise to shut down the fossil fuel industry in 10 years means that there is no reasonable source of funds to modernize existing refineries. The Jones Act also prevents domestic oil from being moved by ship to excess refining capacity and there is only so much trains and trucking can do while still making any economic sense. Trying to explain this topic with any degree of accuracy without a comprehensive analysis of the broken US political system is impossible.

[@scottcarr3264]

So you are saying that it is more a Political Question than a Practical one. Yeah, Nobody can deal with California, It should just be DELETED from the American number of States, and Go back to 49 States, Because they are not worth the Problems Involved.

[@clark4797]

A simple clarification on the Jones Act. It simply starts that foreign ships cannot transfer anything from 1 US port to another US port. This law needs to be abridged to allow the use of foreign-flagged ships to carry US goods within the US waterways when needed.

[@dond2150]

Thank you, well stated

[@henryhill3778]

Excellent! Thank YOU !

[@skipads5141]

Why should there be government funds (your money) for private profit companies, especially gigantic profit companies? F them if they can't compete. That's how capitalism works.

[@kennethfathauer3310]

There is a new refinery in Odessa, Tx. (Midland) that refines sweet oil.

[@BigEightiesNewWave]

SWEET!

[@dandahermitseals5582]

Ultimately in the end the shuffleing is how they control the the priceing.. When I was in High school ( im 80 now😅😅) I lived in south Texas just miles from Matamoros Mexico border town at Brownsville. We had the cheapest gas in America because the petroleum was driven across the border in tanker trucks 24/7 in a big.U turn circle into Mexico and ( imported back) into the Us and our gas was 12.9 cents a gallon for regular and 14.9 cents a gal for premiem. ( They didn't have no lead yet. It was great cause we were in the heyday of monster engine muscle cars.. It was a tax slight of hand trick. And diesel was protected by the DOE national cap to garantee the continued flow of US comerce. It was 9cents a galon for agg and rail and truckers. All us comodities move by diesel. Rail river( barges) and trucks. Right now the Mississippi is so low that barge traffic is highly difficult. If that river dries up it will cripple the largest supply chain in our country. No way trucking can meet the demand. Its a true crisis they aren't even mentioning it to the populas.Typical of our government. They never tell us about the real problems That would cause nation wide financial colapse and famin.( Not really important 😂) Dandahermit

[@user-xq1wz3tp5z]

> " They never tell us about the real problems " Funny thing about our media, eh...

[@dmillionaire7]

Wow thanks for the info

[@Sect10n31]

Heavy sour crude (foreign) vs. the WTI sweet stuff (us) can easily be fixed by Canadian tar sand heavy bitumen, & domestic heavy sour from the Gulf Mex & North Slope.

[@JohnMills-cm4qn]

This is a well done video and one of the few that accurately attributes the fracking revolution to the genius of a Greek immigrant named George Michell. I am a third generation independent oil producer it needs to tell viewers that the last generation refineries were built in US in the 1970s when it was widely believed US oil production of strawberry or sweet crude oil with low levels of sulphur had peaked. Therefore these refineries must be designed to process chocolate crude oil which is high sulphur crude oil requiring stainless steel for corrosion control and is more expensive.

[@SuperReznative]

..and then there's those pesky wars , going on. Humbly repent and know Jesus everyone, His shed blood payed the price of sin, is the only way to God and eternity in heaven.

[@willaimoconnell9430]

If one is going to refine Canadian tar and Venezuelan heavy crude. In addition, most refineries go 1 -2 years between process turnarounds so citing the orignal data of construction is quite misleading

[@fredm.7145]

And like everything else in the U.S. profits supersede everything including our security, and survival as a nation.

[@user-xq1wz3tp5z]

Thanks for the clarification, JohnMills.

[@OliverdeClisson]

why were no new refineries built since the 1970s?

[@antnam4406]

Nigeria''s Dangote refinery will be refining some of these oil.

[@Pernection]

Albeit most inefficient.

[@adamcrookedsmile]

love your illustrations, so much better than stock photos!

[@keepontruckin5862]

Great video brotha lots of insightful information.

[@bricefleckenstein9666]

The map is wrong - it's showing California and Rockes oil as being unuseable, in actual fact Arco has a LOT of refining capacity in California and a lot of our oil from the North Slope of Alaska and the Rockies gets fed into those refineries, along with Arco's own production in California.

[@whiskeysk]

the whole research behind the video seems dubious, e.g. why would you show Oman as a significant oil producer and omit Kuwait in the graph at 0:45 when Kuwait produces 20x as much...

[@marshallcj1]

It's as if these millennials get fractured, half truths from Google and make these "as a matter of fact" videos like they're experts

[@ssaraccoii]

California government is working on shutting down all oil production in the state, so eventually almost all oil will have to be imported at international market prices into the state, raising prices for everything more than it already is.

[@strawdemindset]

Source? Only one I saw got shut down recently was because of COVID demand issues.

[@wajutiem08]

Dang 😂 What is wrong with American politicians??? I thought African and Banana Republics were bad. American politicians have gone ROGUE. Take for example $94 billion dollars to ISRAEL 🇮🇱 and UKRAINE 🇺🇦. Most Americans don't agree but the politicians from both parties are pushing it. Even those opposing it are doing so out of pretext to appear they care about the borders. Even those congressmen who outrighly oppose the International aid may be the "controlled opposition ". They are there to make the population feel at ease that the system works. 😅😅😅😅😅

[@snapon666]

these people do not realize they are burning Russian oil in their cars in commiefornia ..oil from Russia -to India/refined-shipped to commiefornia

[@snapon666]

@@strawdemindset greasy gruesome newsom has been systematically closing down oil production refining and any industry that uses chemicals like the chrome plating industry since he got in office to thye point that Chevron is leaving the state it's home state

[@JoeSmith-cy9wj]

​​@@snapon666Excellent! It's about time we weaned ourselves off these toxic and destructive industries. If humanity survives it will have to reset from these dead end technologies, which only destroy the environment and peoples health.

[@user-bk8tf6cw4b]

Outstanding Presentation! I happily subscribed to your channel after seeing this video a few seconds ago.

[@abdulquadriolawin6585]

I had a while lot of misconceptions. Thanks for clearing a few things.

[@dkzero21]

Not all refineries run off Heavy crude. Most of the inland refineries have been using light crudes. It is the ones on the coast that use them.

[@user-xq1wz3tp5z]

Thanks for that; I think in Texas, some oil is sweet, and other is sour....

[@okgroomer1966]

The north slope floats on oil. We have massive reserves. I don't think we know how big as drilling isn't allowed in many places.

[@scottcarr3264]

There you go POLITICS again.

[@accuratealloys]

Well politics is the deciding factor so how do you not address politics?

[@okgroomer1966]

@@scottcarr3264 How exactly do we run our society and make decisions? Politics you say? 🤯Every major issue is drowning in politics. You can't ignore it unless you want to have the understanding of a child.

[@2hotflavored666]

@@okgroomer1966 No shit. Without politics there wouldn't be a society, much less Democracy.

[@ThomasLee123]

@@accuratealloys Truth! By "Politics" people mean "leftist politics"! Which means recession! The right is almost always "pro-drilling' pro-consumer, pro-family, pro-business!

[@EmiliaGradel]

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I'm up with 244k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

[@AlfredoMoren]

yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

[@JasmineFoster-uh4zz]

I would highly recommend Professional Chrissy Barymoer his strategies are just great especially for novice in this stock field

[@LaurenPhina]

wanted to trade, but I got discouraged with the market price fluctuations

[@LaurenPhina]

Can you recommend a guide for me?

[@adakkristinn]

Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend

[@MissSarahEK]

Love this video! Entertaining and informative!

[@abqmalenurse]

I have been pointing this out for years. Oil is one of the US's top three exports but also one of our top three IMPORTS. One reason is that WTI grade crude is virtually useless for diesel fuel and other heavy products. Most large scale transportation and freight rely on diesel. Trucks, trains, buses, boats, barges all use diesel. Yes, we could get diesel from WTI but it takes far more processing, which is far more expensive. Then you also divert oil refining from gasoline to diesel, reducing the gasoline supply and driving up the cost of gasoline and other products. When oil increases in price, it causes EVERYTHING else to go up. Know who else uses lots of diesel? The US military. More than any other entity on earth. More than most countries. If we stopped importing oil, then we would have no profit motive to instigate wars in the Middle East and beyond.

[@anvilsvs]

Someone who understands that EVERYTHING is priced on the cost of oil.

[@wowbagger3505]

Oil is not just one commodity we export light sweet crude that our refineries can’t use and import the heavy sour crude we can. The problem is stupid government regulations that make new refineries almost impossible to build!

[@rome79735]

Thank the EPA for that.

[@jonbender9110]

There is a refinery that does handle sour crude and that one is the Delaware City Refinery in Delaware. I have heard that there are a couple of other refineries that can.

[@HolyCrap-cz6vs]

I also thank the EPA for clean drinking water and air that you can’t see (see India and China).

[@stefanl5183]

Yep, the most scary words, "I'm from the government, and I'm here to help"!

[@rome79735]

@@stefanl5183 Indeed! Do not trust them, I don't.

[@terryfox9344]

Nice job! Very informative! As a 74 year old, energy independence means a great deal to me because I vividly remember when I purchased a locked gas cap for my car to prevent thieves from siphoning gasoline out of my tank. It was real. It did happen to me. And it happened immediately after the US was boycotted by other countries. So, I lived through this and will NOT forget it. I understand your points, but please do not underestimate how people view their real life experiences.

[@gnosticallyspeaking3544]

I remember it also. I just got my drivers license and then shortly we had the odd/even gas plan. You could only buy the very expensive gas on the day your plate matched odd or even. I remember friends and I were trying to figure out a way to siphon gas from the station's underground tanks. Oil independence is nice. But you only got what you got. So using it wisely is important. In WW2, US had a big advantage over Germany and Japan thanks to Texas oil which those two countries could not match. Probably going to be another troubled time when having the right resources will give the advantage. Maybe it'll be the US again. Maybe not.

[@thetacokawaii5708]

EVs will phase out oil whether you like it or not.

[@michaelbenardo5695]

Electric cars will reduce oil demand, maybe sharply, but you still need lubricants and some fuels. Not all of us want an electric car.

[@thetacokawaii5708]

@@michaelbenardo5695 you will buy an EV and be happy.

[@thetacokawaii5708]

@@michaelbenardo5695 you will own an EV and be happy

[@robertheinkel6225]

The Alaskan, while plentiful, is also sour oil, which requires more refining.

[@user-xq1wz3tp5z]

The American refineries are good for sour oil, which Venezuela also has.

[@glennshoemake4200]

The Alaskan oil refinery was in North Pole which was the town that I grew up in and I remember that almost everyone's father at school used to work for the Oil refinery or was in the Military. One of my friends dad was a Cobra Helicopter pilot and he used to fly overhead many times. Fun place to grow up and we never had the oil crisis of the late 70s and early 80s because of the oil refinery.

[@kennycarneal6765]

Why do you have over 100K views and only 54K subscribers? I actually learned something here and I'm going to subscribe! 😀

[@michaelcooke8989]

Me to awasome info

[@rickypv2978]

104k subs now 🤗

[@JackPitmanNica]

lol the editing with you in the little boat on the graph, that just made my day

[@JDUBB31B]

Man. Your graph game is on point.

[@jazzy1871]

Dr. Ranjit got as close to the truth without touching the proverbial third rail as he could. I worked in the petroleum industry in Cali 1998-2022. When the enviro faithful got their hands on the political power, and Brown left politics, all the majors could see the hand writing on the wall- get out of oil business in Cali or we are coming for you. Aera ( Exxon/Shell held LLC) was recently sold they could not get out of Cali fast enough. Chevron probably is trying but can't unload except at a fire sale price. Same for refining, it is too risky to refine oil in Cali for the deep pocket companies. What's the result, Cali consumers pay $4.82/gal and midwest nearly $2 /gal cheaper. Residential electrical energy in Cali is twice the national average at 29 cents/KWH and continues to go up at an accelerated rate second highest in the nation excluding HI. How the EIA gets this ave. number for Cali I have no idea, the PGE rates are 38cents at the lowest and 62 cents at the highest per KWH. I have solar and pay 45-55 cents/KWH.

[@TheDysartes]

I remember reading an article years ago by an oil expert who said when we start to rely and use Shale Oil in great quantities then we're in the downslide of fossil fuels. He said it's too expensive to drill, is full of impurities and needs a ton of additives so when we start to use this instead of high grade oil it's a good indication that the industry has peaked. We entered the era of Resource Wars back in 1990, and it's why there's been so much conflict in the Middle East. If you look closely at all the countries that have some form of conflict also have gas or oil reserves. Even the current mess in Gaza, there is Gas at the heart of the issue. There are Natural Gas fields off the coast of Gaza, and I would say that is one of the reasons for the conflict in Gaza or why the Western world won't interfere. As Israel has already given drilling rights to some Western companies. In the future we're going to see further conflicts over precious metals, as well as water and food plus a plethora of other natural resources.

[@yoko312]

Nearly all wars have always been about resources. What were they doing the past 6,000 years? It's bit of a stretch to say it's now an era of resource wars because "reasons".

[@braydenleis4735]

There has been wars and fighting long before the 1990’s, since the ottomans were driven out and new lines were drawn by the allies. This is the real start of the mess. Most likely that article is very out of date. Techniques and me to odd improve with time and shale became much more abundant to the point of the USA still being oil neutral and being a leading exporter

[@braydenleis4735]

You are really conflating correlation with causation with oil/gas being at the center of all the conflicts in that region. It also ignores ethnic tensions that have been there since forever

[@Izokaytobewite]

You can thank the Obiden admin and demorats for our current and future catastrophic problems. They were in charge and implemented the policies that are causing every major poblems in the US.

[@geofflepper3207]

​@@Izokaytobewite Democratic results like a booming economy, increaing wages, inflation caused by the invasion started by Trump's bromance partner now brought down, necessary overdue work on infrastructure being done, investments in the move away from fossil fuels to reduce long term climate change while still having American oil production hitting record levels to deal with things now when the terrorist Russian state is an unreliable supplier of fossil fuels to the world and legislation to better secure the border if Trump and Johnson would stop blocking the legislation. And of course a huge change from the President Trump era when Trump spouted hate for non-white people, Immigrants and refugees and emboldened white supremacist groups thus making non-white people feel unsafe. So exactly which of these improvements do you hate and why do you hate improvements to the country?

[@herbb8547]

The US has enough oil to last at least another 500 years. There is over a trillion barrels of recoverable oil in Colorado alone. Utah, Idaho and Nevada also have large reserves that have never been touched. Natural gas reserves are much larger. States such as Minnesota, Wisconsin and Iowa have completely untouched reserves of natural gas. However, politics have prevented access to most of these massive reserves. There is now a law in MN that makes drilling for natural gas illegal.

[@richardbergren6522]

#1 reason too many environmental laws about pipelines, refineries being built, & drilling .And forget oil companies want a shortage to keep prices higher for bigger profits

[@Matt-yg8ub]

@@richardbergren6522 It’s a weird dynamic … oil and gas companies do want to keep prices high to make a profit (can’t say I blame them) but the supplies are so great that they can’t just buy up the supply and sit on it because they can’t …. So they turn to politics to make taping it illegal so no one else can do it till they change the laws in the future

[@anotherJamesW]

Beginning to think oil companies like progressives because there are no real alternative energy sources and progressives like to keep energy costs higher than they need to be.

[@phatmeow7764]

wow we could have ICE vehicles run on cheap domestic CNG/LNG then!

[@JusticeAlways]

You should provide links to information proving that.

[@mrvwbug4423]

Getting more into detail of the types of crude oil would've helped with the context as to why refineries can't just use any crude oil. One prime example, a lot of our gasoline and diesel fuel has to be made with imported crude from the North Sea (Brent Crude) because gasoline and diesel require light "sweet" crude which has a low sulfur content (sweet is used as a term for low sulfur crude). The only oil fields in the US that produce that are in West Texas and Pennsylvania and those fields are mostly tapped out. Fracking oil produced in the US is primarily heavy "sour" (high sulfur content) crude, which is fine for things like plastics, lubricants, etc but isn't economically feasible to refine into fuel. Gahwar field (Saudi Arabia) crude is light "sour" crude so can be refined into fuel though the process is more involved and costly to make fuel that meets EPA/EU emissions standards, but can produce fuel cheaply for countries with no emissions laws.

[@dalton6108]

This is really informative

[@terranhealer]

Nice analogy of chocolate (sour crude) and strawberry (sweet crude oil)

[@tompowell6723]

In college Geology classes it is described as old or aged oil and young oil, not strawberry / chocolate!

[@taxandbusinesszone]

Oil crunch in the U.S.A was in the 1970s not 1980s. I remember waiting in long lines early in the morning to get gas for my car to travel to college.

[@PaulOfPeace54]

I worked on a US Flag tanker that brought crude oil from Prudhoe Bay Alaska to the west coast of the USA. We would only deliver crude oil there. A normal trip would be to take crude oil to Los Angles, California and then to Cherry Point, Washington. The crude oil was to be used for local refineries only.

[@eliyang]

Also we keep those reserves for the huge military we have to maintain. Those reserves are for wartime use only.

[@churblefurbles]

No that is the SPR, which was drained by the irresponsible one.

[@skoolzone]

Yes, but these days it’s for Ukraine war lol our governments run by idiots and traitors

[@eugenecrawford14]

​@@churblefurblesdo you mean Joe Biden

[@Sir_Galahad777]

Biden and ovomit both drained the oil reserves where president Trump filled them. The oil reserves are huge storage tanks

[@gregallen7045]

We’re going to need it soon

[@nicklockard]

Sounds like we need to invent a telescopic (variable length) distillation column pack.

[@anselpeneloperainblossom-s3489]

Fun fact. A large portion of the oil in the dj basin looks like Mountain Dew. Also, American oil is so sweet that we blend it with Saudi oil to make it easier to refine

[@Larsbor]

I like how you use basic animation illustrations instead of using expensive and specialized software.

[@kennycarneal6765]

I remember being those gas lines in the 70s, I even have a presidential physical fitness award signed by Richard Nixon! 🤯😅

[@SuperReznative]

Cool Know Jesus God loves you

[@user-gy2zj9zk2p]

You are partly correct. If the political will is there we could build new plants to process what we produce.

[@soothingsaturations9059]

We can already process everything we produce. The truth is it's about efficiency. Heavy crude makes more diesel, light crude makes more gasoline. That's the real reasons countries buy oil from each other. More efficient/profitable refining is attained by mixing to receive the highest quantity of the end product you want.

[@emmachamness1748]

To make plastics heat is needed-fuel consumption. The same to make alcohol that is added to gasoline . Oil is also the product that plastic is made from

[@lanceulrich9570]

Chemical Engineer here, all 35 years of my experience has been in petroleum refining. Your video is surprisingly accurate but somewhat misleading. Economics and environmental permits/regulations are driving 95% of the decisions. It's just cheaper for a refinery to buy foreign oil than to spend $5 - 10 Billion (that's with a B) to convert just one refinery to American oil. In addition, it can easily take 5 - 10 years to get the permits that would allow you to make the conversion. And before the haters go off on "Yeah but refineries make $10 Billion a day" - they don't. Seasonally and during maintenance they can easily lose $10 MM plus per month. In addition, a refiner doesn't control the price of either its feedstocks or products, they float on their respective commodity markets so it's an incredibly high risk business with massive capital requirements and almost infinite liability. For comparison, imagine if Apple couldn't control the sales price of an iPhone.

[@TheJagjr4450]

Our refineries are able to use high sulfur crude whereas most refineries are not as efficient and not able to use it, oil is used for much more than just fuel. A fractional tower is used to crack the carbon chains into different products, at the bottom of the tower the heaviest products are pulled, asphalt tars etc at the top are the lightest products like ESTHERS ETHERS, and ALCOHOLS. WE produce lightsweet crude which is easiest to refine...

[@lightxplorer]

If you ever do another video, please add some of the other super crucial factors that uphold this status quo - money/profit for a few vs cheap fuel for many (proudly sponsored by politics)

[@mynameisgladiator1933]

Please don't encourage him.

[@michaelgautreaux3168]

The best way to help the environment is to tackle "Heat Islands". Millions of square footage in unused/ abandoned buildings could be razed & replanted. San Antonio is an excellent example. More urban sprawl, the hotter it gets. US Navy proved it during WW2 in the Pacific.

[@flyboy7771]

Thank you for an unbiased point of view. Refreshing change on KZbin these days. 🙂👍

[@munandfun]

They are importing oils and all rare earth materials so the US can have hegemony on energy, semiconductors, plastic, and fertilizer later when other countries export their resources for cheap money.

[@Matt-yg8ub]

That’s part of it.

[@fredm.7145]

And we export our resources for cheap money. What is your point.

[@samuelbonacorsi2048]

Let’s not forget that oil is priced in US dollars (petrol dollar) on foreign exchange markets. If the US stops buying then another country will step in perhaps nudging the dollar out as the world’s reserve currency. It’s nice being the world’s default currency (video idea). Good job here.

[@henrylam92]

I was gonna mention the same. Buying oil from other countries makes those countries become dependent to the US. Also the Navy plays a big role as the world police for those trade routes

[@fredm.7145]

The petrol dollar is do to an agreement we made with Saudi Arabia. The only accept dollars for their oil and we make ourselves responsible for their security. Unfortunately, Saudi Arabia is now accepting payment in other currencies. The petrol dollar's days are numbered.

[@mas-udal-hassan9277]

​@@henrylam92 🤡

[@FInalage2012]

Being reserve currency allows US to run its debt up without worrying about having the reserves to cover the costs. It’s amazing deal compared to what other countries have to do to manage their finances but it makes us very irresponsible!

[@heyitstinsac]

This was great! Eye opening

[@telandjen]

Super interesting vid dude, thanks

[@rocksandoil2241]

"Barrel" was 42 gallons as a wine measure, with 40 net gallons and assuming 2 gallons will be lost to leaks and evaporation.

[@henryhill3778]

If you're losing 2 gallons thru Evaporation and Leaks, what kind of barrels are they using? This is hillarious. REALITY CHECK... They don't actually use barrels!

[@delanopotgieter9972]

Love the content. Refreshing to see proper journalism. I have a question, if I may. Namibia has recently been increasing oil production and it seems there are many players in Africa's newest oil rush. The US has recenty built a bunker of an embassy in Windhoek. No idea why such a statement needs to be made in a country which has about 2.5 million people. Perhaps it is because our former occupiers, South Africa, are now part of BRICS? Security or greed? Your data seems to favour the latter and our beautiful country will be destroyed by greed. Would be nice to see the players on the field and to see how the deals affect our small nation. We dont have the journalism that competes with your calibre. If anyone is interested in the story and needs to travel to Namibia. I will gladly assist.

[@SuperReznative]

Will you assist immune response against . We are being censored in Canada now please share Commissioners Report released in Ottawa: #nationalcitizensinquiry

[@OSUBucknado]

Yes, we need more refining here

[@JDye-youtube]

This was pretty good right up to the point you started talking about strawberry and chocolate oil. The difference between light sweet crude vs heavy crude (viscosity, sulfur content, etc.) isn’t a difficult concept to grasp.

[@EdzashedFudwinkle]

US Oil has been switched for UAE Oil since the 80's, goes out tax free, comes back enriched and also taxable, win win for OPEC & the PetroDollar.

[@AndrewGarnerAdventures]

I been trying to get more ppl to understand that

[@kaskorraky9473]

bro. we bring cold lake crude from Canada, because we need heavy oil, to produce asphalt and heavy oils, we mix this oil with Bakken oil from the Dakotas, wich is a lighter oil, to produce light products, such a s gasoline, diésel and jet fuel. bro.😂

[@jerfacekilla]

Ummm .. if Canada lets us. After all, it is their oil. You talk like Canadian oil reserves are property of the USA. Hilarious.

[@larryswinford3472]

The original talk was not to export US oil but the export oil products. A lot of producers of oil didn't have refineries, and so we could sell them gasoline and motor oil if they had sell us crude oil and in order to have the gasoline done and motor oil surpluses we had the imports of extra to pick up the difference. And then, of course, we got to using it all ourselves.

[@mellissadalby1402]

One concern about block-chain structures is the massive amount of energy required to run them.

[@simontillson482]

That’s certainly true of Bitcoin and a few others, who use proof of work to add blocks. However, most blockchains now use storage instead of computation or other methods to verify new blocks. Energy usage for those is less than 1% of what Bitcoin uses, and very comparable to bank’s electronic money systems.

[@chriscunnane7596]

we can be totally self sufficent

[@ateisme3752]

Mixing a little bit here, nuclear is usually used for electricity, while oil can be used for power, fuel, chemicals, heating, etc. electricity vs total energy need. Refiners could make a profit by using their refinery, while producers sell theirs on the free market.

[@brucebarnes8138]

I disagree. Nuclear is needed to run electric cars. If cars go electric other forms of energy will not be enough.

[@ateisme3752]

@@brucebarnes8138 I think the need to charge electric cars is a very little market for nuclear reactors. They just send baseload power to the grid.

[@gregorymalchuk272]

Nuclear energy can provide the heat and hydrogen for oil refining, which would increase yield by 27%. Because we currently have to burn a portion of the oil residuals to get the heat and hydrogen for refining.

[@Demopans5990]

@brucebarnes8138 If we have electrified rail networks and public transportation, then the only thing that would need to use duel would be trucks and ships as people themselves would to taking trains. France in particular, runs basically everything off nuclear without much need for electric cars

[@jtjones4081]

US refineries can blend light sweet with heavy crude and easily process it. They make more money exporting the high quality US produced light sweet while we pay more at the pump. You’re being fooled.

[@BC27277]

Then a simple solution make refineries in the US that are based upon the types of oil that we extract. Do it with the tax write off to the refineries

[@billwilson-es5yn]

The US imports heavy sour crude to obtain sulfur for the production of fertilizers and chemicals and asphalt for roofing and road pavement. Nearly all US refineries are configured to refine a mix of light and heavy crude to provide local markets with sulfur, asphalt and refined petroleum products. Refineries are most efficient when operating at full capacity so the US refines crude for foreign distributors of petroleum products.

[@user-xq1wz3tp5z]

Thank you for illuminating details!

[@elkanaajowi9093]

Not an expert on these but the presentation was excellent.

[@yawzerdoink-a-sore-as8159]

Extremely well made expose. Delightful to watch, informative and interesting. You sir, have scored a swish ❤

[@Sect10n31]

10:09 Not necessarily true. Our domestically produced "strawberry" WTI sweet crude (think gasoline) is high quality, low refining needed, which is used to blend with foreign heavy (sulfur) sour crude for a wide range of petro products like jet fuel & heavy diesel.

[@terrycarter1137]

Heard that in the late 1970s refineries switched from light sweet crude(which they were told that light sweet crude may not exist in major quantities) to heavy and super heavy crude which places like Russia has in abundance. Now that fracking has taken off the major reserves like the Baken reserve was generating light sweet crude and ultra light sweet crude, so refineries would have to revamp to be able to process the oil coming from these places. Two you have government regulations who wishes to severely restrict oil production in favor of so called Green energy, while selling the petroleum reserves to other countries.

[@JohnMills-cm4qn]

No one expected US crude to double in output so there are no domestic refineries available to process all this sweet crude and you are not permitted build a new refinery so only option is to export it. Simple.

[@chriauc2976]

Non permited ? When did that stop coorporate USA? TRY no good return on investment.

[@SuperReznative]

Simple change the rules, and build better infrastructures here at home. Not depending on foreign shipping, especially during these war times . National security issue. Be independent and self reliant as a free people. Simple.

[@Matt-yg8ub]

Yeah, that has a lot to do with it, the EPA won’t let us build the refineries

[@Matt-yg8ub]

@@chriauc2976 have you met the EPA? Those guys are personally dedicated to the destruction of all things commercial or capitalistic in the mindless pursuit of their environmental religion.. They worship trees, and would rather see a bare field of sagebrush and the occasional wildflower, than a plowed field producing agriculture, and feeding the world.

[@sang-jinri7491]

Thank you for the video. Very educational. I always wondered about the very subject, relying on my own guesses (which were partially right based on your explanation). Now I know much better.

[@davidclough3951]

The long ban on exporting US oil wasn't lifted until 2015. So, what did we do with the strawberry oil until then?

[@gusmcdougall926]

Whe I was a little kid back in the 1950-60’s growing up in western Nebraska, a lot of little towns, like Chadron NE, Sidney NE & Hot Springs SD, had their own little oil refineries for the local produced crude oil; the towns also had their own little (city owned) Coal Fired Power-plants, (since bigger is better) big business & competition plus Government Imposed environmental costs, are part of what caused the demise of those little refineries and power plants.

[@johnjohnii5849]

Here's another reason why this happens: you can only get so much finished product out of a barrel of crude. Oil from certain areas of the world result in higher yields of certain things like gasoline or heavy fuel oils. Our oil being thicker yield more heavy distillates, coke, fuel oils, etc. Whereas the US market demands more of the light end, aviation fuel, gasoline, propane. As well as dozens of byproducts like propane, napthas and gas feedstocks used in manufacturing. US refiners convert 49% of crude into gasoline, where our oil would yield significantly less.

[@jtjones4081]

@johnjohn, ????? Frackers produce light sweet. What are you talking about? You’re defeating your own argument. We’re only producing around 13 million barrels of crude per day and the oil companies are exporting 3-4 million barrels per day of that. We consume over 16 million barrels of crude oil per day. Do the math. They want us to pay what Europeans pay for gasoline cause they make a boatload more profit. What’s happening is all BS, not America First, and they were doing the same under Trump.

[@slewone4905]

California here. The other reason we don't use oil from the rest of the country, is we have no pipeline to transport said oil. There was talks of doing so during Trump, but we were transporting oil using rail going through the dangerous sierra mountains. remember East Palestine. and Canada is not a secure source. due to politics, Trudeau was thinking of cutting off supplies from Alberta. Luckily, due to politics, he was not allowed to build a pipeline to British Colombia to ship it off to another country and despite the opposition party of wanting to build a natural gas pipeline to the Eastern Part of Canada, Trudeau refuse to let that happen due to environmental reasons. But all this could change.

[@ronblack7870]

it's idiotic what trudeau is doing. Alberta should just secede from canada. declare independence

[@Joseph-ax999]

Should we believe anything that Trudeau says?

[@go4ride]

With the rise of North Dakota crude, there are now trainload after trainload of crude in brand new tanker cars coming over the Cascades to the oil refineries in Anacortes, WA. This was lucky timing as crude from Alaska, brought in by ship has declined.

[@user-xq1wz3tp5z]

Those dastardly Canadians foil USA at every turn!

[@slewone4905]

@@user-xq1wz3tp5z what foiling. We got their oil. What they wanted to do is have us process their dirty oil, and we get the blame for the Carbon emission. Canada screams environment, but they actually emits more CO2 per capita , than the US. We are just a larger nation.

[@psingh1488]

Great video but somewhat misleading. Shale oil is “heavy crude” thick viscous etc. we sell it to get “light crude”. (Saudi, Nigeria). Light crude is much simpler and cheaper to process. All old refineries can easily process light crude. Back when built most oil was light variety. Heavy crude needs modern refitted refineries which we need to build more of. Edit. 😂 I guess strawberry and chocolate is a better way to describe light and heavy crude 🤔 Btw Canadian crude aka “tar sands” is a very heavy crude also hence “tar sands” 😉

[@darrencorrigan8505]

Thanks, Morning Brew.

[@markmeador1137]

I helped build the South Texas a nuclear Project. The thing is close to 40 years old. Nuclear Power needs to be used.

[@SuperReznative]

Deal with the radiation first

[@philtimmons722]

Yeah, that was LAST Century. Things have moved on. Since Nukes are flat-line, they cannot hit the Texas Summer Daytime Peak (Air Conditioning) and then at night, the Nukes (and old Coal) go surplus and worthless, making them not profitable. Meanwhile New Silicon Solar PV cost less than 1/10th of a New Nuke -- and produce during the Daytime (that Peak thing again), along with being much faster, cleaner and lower risk. So in THIS Century, Texas is now mostly building New Solar.

[@richardwarren3863]

Meridian Energy Group has new technology refineries geared for our oil, look it up. We can do it now.

[@keyto5526]

There are only 2 ways to transport crude oil to refinery- pipeline and ship. no way by rail or road. those that say use road or rail probably refer to the refined oil and gas since those are valued add products.

[@MarvelParsons700]

Interesting video. However, you forgot to mention the dozen or so offshore oil platforms off the central coast of California. That's "chocolate oil" right off the the West Coast. Why don't they bring in that oil to El Segundo. That way California can have same loop as Texas where they drill, refine and consume the product locally. Maybe our pump prices will $3 instead of $5/gal.

[@ghjklz7587]

Do to the problems that are coming to sea transport Local refinery's are going to retool from Sour to Sweet

[@joso7228]

And the next new Paradigm (for your next video Nathan) is USA going Green but only so that it has more Oil to Export. This is one of the reasons why, surprisingly, Texas is a leader in building Wind and Solar Farms. Yes they are following the cynical COP28 plan where countries use Oil Profits to reduce their own countries Carbon Footprint (like with vast Solar Farms in Saudi, etc) whilst making more Oil available to sell to poorer countries abroad. So Gulf States are opening up more markets in Asia and Africa whilst Texas and New Mexico are concentrating on Latin America.

[@sifridbassoon]

I remember back in the early 2000s, I would drive out to visit my dad in West Texas, and I had to go through the Roscoe Wind Farm. Knowing what the area had looked like just ten years earlier, it was very surreal seeing wind turbines as far as the eye could see (at that time it was the largest wind farm on earth). Especially at night when each turbine was topped with a red warning light, it was easy to imagine an invasion of alien war machines. 😁

[@durgan5668]

Not surprising at all. Energy is energy. Unfortunately, Texas is also removing cropland and installing solar farms, because the land is already flat, that's where they buy up the land for those. I've nothing against solar, but I'd rather they cleared scrubland and left the farms alone. San Angelo, Texas had 2 large solar farms that used to be cotton and sorghum fields.

[@johnneumayr5357]

Why​@@durgan5668in fr FC CF Dr Uni

[@chevyboyforlife4234]

We have enough oil to supply the world at its current growth for at least 5k years... The problem is and you said it yourself, they make more money importing, and we may sure we have oil no mater what,,,but no one wants to do Nuclear,,it's the cleanest energy we got but we would still need oil because more than just fuel is made with it...wow

[@Miamcoline]

Super interesting thanks!