The United States is the biggest oil producer in the world, but trades nearly one third of the oil it produces for foreign oil. Why can’t we use it ourselves...
TLDR: most of the oil the US pumps up now, the US does not have refineries for it. So the export the oil to countries that do have the refineries
The refineries in the US import oil from countries that have the right type of oil.
The reason no refineries have been built in the US in 50 years as a combination of the cost of building in the United States, the regulatory uncertainty of fossil fuels in the United States,
TLDR: most of the oil the US pumps up now, the US does not have refineries for it. So the export the oil to countries that do have the refineries
The refineries in the US import oil from countries that have the right type of oil.
The reason no refineries have been built in the US in 50 years as a combination of the cost of building in the United States, the regulatory uncertainty of fossil fuels in the United States,