Genuinely fascinating piece, one of those posts that upends what I thought I knew about a topic, in this case why the US isn’t actually able to use its own oil. 🤯
Reposted from
Ed Conway
✍️Despite being the world's biggest oil producer, America is v reliant on Canadian oil. And getting MORE reliant, not less.
So what happens when tariffs get imposed on Canada?
The answers are quite unsettling, for the American people... and for everyone else edconway.substack.com/p/america-st...
So what happens when tariffs get imposed on Canada?
The answers are quite unsettling, for the American people... and for everyone else edconway.substack.com/p/america-st...
Comments
Crude crack spreads are not so high, and Asian refineries a lot more modern.