We are a net importer of oil.
We are a net exporter of gasoline.
Doesn’t make sense does it?
-——Doesn’t make sense does it?-——
Of course it makes sense.
We buy crude, add value and sell the gasoline. That’s what business do. Purchase raw materials, use expertise and a manufacturing plant to make something and then sell at a profit.
Profit makes the world go round
Apparently most of the XL Pipeline oil will be exported.
Doesn’t make sense does it?
Why? You need complex and expensive refineries to turn oil into gasoline.
Iran, for instance, is a net exporter of oil and an importer of gasoline. They've got oil wells but no refineries, so they have to sell their oil and buy their gas from abroad. Embargoing their gasoline supply is often cited as a way to bring them to heel.