– Why can’t we just ‘produce’ gasoline, like synthetically?

Question

– Why can’t we just ‘produce’ gasoline, like synthetically?

In: 439

Answer 1

You can do this but the cost of it would be too high compared to an Oil country KSA who literally just pumps it up from the ground. This is why Canada’s oil sands cannot compete. KSA just drops the price to where Canadian producers are losing too much to make it worth the effort.