Birdwatch Note Rating
2022-07-08 13:16:23 UTC - NOT_HELPFUL
Rated by Participant: 59C3802CFA83D0861C6EA55E895B70E6A52DAC0E6ED84468E069C580AD7999FA
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