Arthur Berman: “The Devil is in the Diesel”
The Great Simplification with Nate Hagens
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Do We Have a Matching Problem With Light Oil?
The United States has primarily light oil. Most other countries in the world use at least a third diesel, two thirds gasoline or 50, 50. There are specialized refineries in parts of the world that are just geared toward gasoline. So we export three, four million barrels a day, a light, a light oil in the United States. And then we turn around and import heavy oil.
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