Isn't oil a global product so really doesn't matter where you buy?
So if you stop buying from one source and start buying from another source someone else will start buying from the source you left
- Jeff DLv 76 months ago
Yes, but you still have to pay to transport it. The article is about how increased pipeline capacity is narrowing the gap in the price of oil between west Texas and the rest of the world. For many years, the US had consumed virtually all of the oil it produced, so there was little infrastructure to move oil to the coast for export. Now, thanks to fracking, the US is once again exporting oil and the infrastructure to do so is catching up.
- Casey YLv 76 months ago
Pretty much, yes. There are price fluctuations though, people just tend to buy from the cheapest source if they can.