> the US runs on diesel. We don't produce much heavy oil so we import it
Diesel is a medium-weight distillate; we can turn light oil into it fine. We refine most of our diesel and import the balance from Canada [2].
> Fracking, anyway, is an economic mirage enabled by cheap credit and expensive oil
Our production costs mirror Russia’s [3][4]. (They’re dwarfed by Saudi Arabia’s fiscal break even.)
Consider citing your comments. I’ve sometimes started writing something as riddled with errors as yours, only to find myself corrected when searching for citations.
About two thirds [1].
> the US runs on diesel. We don't produce much heavy oil so we import it
Diesel is a medium-weight distillate; we can turn light oil into it fine. We refine most of our diesel and import the balance from Canada [2].
> Fracking, anyway, is an economic mirage enabled by cheap credit and expensive oil
Our production costs mirror Russia’s [3][4]. (They’re dwarfed by Saudi Arabia’s fiscal break even.)
Consider citing your comments. I’ve sometimes started writing something as riddled with errors as yours, only to find myself corrected when searching for citations.
[1] https://www.eia.gov/tools/faqs/faq.php?id=847&t=6
[2] https://www.eia.gov/energyexplained/diesel-fuel/where-our-di...
[3] https://www.statista.com/statistics/748207/breakeven-prices-...
[4] https://oilprice.com/Energy/Crude-Oil/At-What-Level-Will-Sau...