Trump met with Chevron and ExxonMobil on Tuesday to discuss Venezuela

[modrepub]

6. And Each Crude

Yield different amounts of petroleum product. US tend to have lighter crudes that yield more usable products (gas, diesel, jet fuel) but most US refiners are set up for heavier sour crudes. Thus we export our oil and import heavier stock from overseas, which is cheaper feed stock thus larger margins for refiners.

In reality the global energy market is like a huge ballroom dance with thousands of couples. Left alone it works itself out, controlled chaos. What Trump and the Israelis have done is thrown thousands of marbles over one part of the dance floor. The music is playing and some couples are still dancing. But lots of people have taken headers and the marbles are scattering to other places on the dance floor.