Originally Posted by
Lowslung
My understanding as well. We’re simply not set up to refine what we pull out of the ground.
We are set up to run the cheap stuff, and sell the expense stuff.
Cheap energy is preferred to independent energy most of the years.
No one advocates independent energy unless they think it means cheaper energy.
The less developed world is setup to run the expensive stuff and sell the cheap stuff because to refine/process the cheap stuff requires more development.