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Which is quite significant, but the losses are still non-trivial.

Just for apples to apples sake, let’s remember that the “losses” from transporting oil from Saudi Arabia, Iran, or even Canada amount to 30% or more, sometimes even 50% - and that’s just to the terminal. Then it has to go from terminal to local terminal, then to refinery, then back to terminal, then to gas station, then to your car.

Losses are losses, no matter how you slice them.
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