It's not as fungible as you would hope. Funging refineries and transport capacity takes time.
I read on HN actually about different types of crude. Needing different refineries. Hence Venezuelan oil being atttactive.
Certain kinds of crude gets refined in certain refineries. The economic shockwaves are going to be felt in ways no one expects. We will see!
I read on HN actually about different types of crude. Needing different refineries. Hence Venezuelan oil being atttactive.
Certain kinds of crude gets refined in certain refineries. The economic shockwaves are going to be felt in ways no one expects. We will see!