Why is the US not drilling more oil as gas prices soar

www.newsweek.com

Why is the US not drilling more oil as gas prices soar

www.newsweek.com

Yuritopiaposadism [none/use name]@hexbear.net to

news@hexbear.netEnglish · 2 days ago

America is producing near-record amounts of oil, yet experts told Newsweek that isn't enough to bring gas prices down quickly.

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calidris [he/him, comrade/them]@hexbear.net
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2 days ago
US oil is light crude but only around 30% of refineries refine it. The rest refine heavy crude mostly from the ME and Canada. Venezuela also produces mostly heavy crude.

They don’t want to invest in the infrastructure.

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