Wednesday's Energy Absurdity: How the US Continues to Import Russian Oil and Oil Products

You’ve often heard that oil is a “fungible” commodity. What that basically means is that you can’t distinguish units of similar grade and quality from another, regardless of the source. This is especially true once they have been mixed together.

In his Daily Energy Report for Tuesday, PhD Economist Anas Alhajji published a great chart showing how this re…