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DarkDeity giga/boosted  1yr ago (reuters.com) 47 thread views #111069

U.S. bill pressuring OPEC+ after oil production cut gains momentum | Reuters

https://www.reuters.com/world/us/republican-us-senator-seeks-put-bill-pressuring-opec-onto-defense-bill-2022-10-06
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Why is it so hard to get oil off OPEC?

I thought the U.S was good at taking oil.

:marseyconfused:

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My guess is lack of refining capacity.

If they built more refineries, they could tell off OPEC.

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No, it's that OPEC rpoduces far more oil than they consume, which means that they can set the export price for max profit whule keeping internal prices low

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