Birdwatch Note Rating
2022-07-08 00:10:56 UTC - HELPFUL
Rated by Participant: 97FEA2966BF64351AD569340CA8974E2FBDBA10FBD464F8BB9F4A2BB91975B10
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