is at a massive discount to WTI/Brent and will continue to remain so until the next pipeline (if ever) gets built in Canada (I'm not sure about you but I wouldn't hold my breath) - the dynamic is no different from Teapots in Shandong buying discounted Iranian crude. This is also excluding the solidified bitumen (you need to actually mix in diluent to have synthetic bitumen or dilbit for it to move through the pipelines) that gets shipped via rail directly from Canada to Gulf Coast which is at an even bigger discount to WTI.But US primarily produces light sweet crude from shale, while most of heavy sour crude is imported (from KSA, Canada, and Mexico). So while two of the sources of US heavy sour crude are not impacted directly by Strait of Hormuz, they are still traded at market prices, even if they do come from neighboring countries (for now, as logical next steps for Trump to further increase US control over global energy supplies would be to go after those two countries).
You living in NY are likely getting fked because refineries like Valero/Tesoro are gouging you on the crack spread. People in California are getting fked because California imports refined products @ Brent prices. Last I checked neither of these regions are exactly Trumps base of support so why does he care about how people on the coast think about him?
Buddy, does your notes also tell you 70% of US refining capacity is heavy while shale oil is light? lol
Oh and while you're at it, look up if ME oil is mostly light or heavy.

Did you magically blockade Keystone or Enbridge Line 3 in your fantasy world? Or Express-Platte? Or Mainline? Did you bomb Sarnia? Or Cushing?
Abject embarrassment of understanding how the real world works.
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