Comment by avianlyric

5 hours ago

> There are definitely technical issues with refinery capacity, but I don’t think they’re insurmountable

If they were cheap or easy to solve, don’t you think US refineries would have already converted to support domestic crude? Domestic crude is cheaper than imported crude, the only reason to import is because it so expensive to convert a refinery. My, admittedly very limited, understanding is that you generally don’t convert refineries, it’s cheaper and easier to just build a new one that targets a new type of crude. Building refineries takes a few years, they’re not something you throw together in a few months when oil markets go crazy.