West Texas Crude does not cost 25x Saudi Crude. Neither is it the primary US importer.
Saudi Arabian imports dropped to roughly 336,000–349,000 barrels per day (bpd) by 2023–2024, down from over one million bpd in previous years. Meanwhile, Canada is the largest supplier, accounting for roughly 55-61% of U.S. imports, followed by Mexico.
West Texas Crude does not cost 25x Saudi Crude. Neither is it the primary US importer.
Saudi Arabian imports dropped to roughly 336,000–349,000 barrels per day (bpd) by 2023–2024, down from over one million bpd in previous years. Meanwhile, Canada is the largest supplier, accounting for roughly 55-61% of U.S. imports, followed by Mexico.
Production cost. Hence the fracking? I’m not going to explain the oil trade to someone who thinks they can survive the strait being mined. Delusional
To someone who works in it and sees the price figures every day?
I would love to see you try