Birdwatch Note Rating
2022-07-08 01:02:23 UTC - HELPFUL
Rated by Participant: 0646BA2DB58CF30DD8A909F33AC4D269BA68909D8E1A975BD1B49689E8EA403F
Participant Details
Original Note:
Due to rising processing and refining costs in the U.S., refiners stateside do not like to use this sour crude (high sulfur concentration) from the SPR, to the point where they stopped buying it. Overseas markets are one of the few buyers right now. https://www.bloomberg.com/news/articles/2021-11-23/biden-releases-sour-crude-that-s-out-of-favor-with-u-s-refiners#xj4y7vzkg https://www.washingtonpost.com/business/energy/the-us-is-depleting-its-strategic-petroleum-reserve-faster-than-it-looks/2022/06/17/3b899c40-ee04-11ec-9f90-79df1fb28296_story.html https://www.investopedia.com/terms/s/sourcrude.asp
All Note Details