I've been studying the differences between light crude and heavy crude specifically for this reason. Because both sides always run on the issue of fuel prices and how it's one sides fault for the prices being high.kalm wrote:How will he lower fuel prices? We produce more today than we use. Why not just do it now without tariffs?SeattleGriz wrote: ↑Mon Apr 07, 2025 6:16 pm
Yes, they were so right last time!
I'm already am on record. They were a negotiating tactic and Trump is simply trying to force jobs back to America, where he will try to lower fuel prices and reduce regulatory burden.
China will devalue its currency and subsidize markets as needed like last time.
What type of jobs? How many jobs are returning that pay a living American wage? How long will it take to build factories, hire a workforce, train, etc? Which regulatory burdens will be avoided?
You sound like an expert is why I ask.
IIRC, the US mostly exports heavy crude and imports light/sweet crude. Light is better for refining for gasoline engines and heavy crude is for diesel fuel.
I will say when Obama said back in his first term that higher gas prices would be better for the clean energy push, that never sat right with me.
Oil is sitting at $60/barrel now and gas prices near me are $3.00-$3.19/gallon and a lot of that is the inflation moreso than the refining capacity issue.
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