Offhand I believe we have a few that can do light oil, but most of ours wouldn’t want to change over even if offered to do so for free. Rather the reason is the US has a lot of chemical engineers and capital and so is good at refining the more challenging to deal with and cheaper to get heavy oils while selling the easy to refine and therefore more valuable light oil we dig up down in Texas to places that have more primitive refineries.
While we could retrofit all of our our refining capacity to use our oil, it doesn’t make financial sense because your spending a lot of money to switch to an more expensive input, so companies arn’t going to want to do it unless the government forces them to, and the government would only force them to if it wanted to spite everyone else and raise domestic gas prices.
Offhand I believe we have a few that can do light oil, but most of ours wouldn’t want to change over even if offered to do so for free. Rather the reason is the US has a lot of chemical engineers and capital and so is good at refining the more challenging to deal with and cheaper to get heavy oils while selling the easy to refine and therefore more valuable light oil we dig up down in Texas to places that have more primitive refineries.
While we could retrofit all of our our refining capacity to use our oil, it doesn’t make financial sense because your spending a lot of money to switch to an more expensive input, so companies arn’t going to want to do it unless the government forces them to, and the government would only force them to if it wanted to spite everyone else and raise domestic gas prices.