Mexico and Canada do not refine their own oil. In what way do these markets impact Texas' oil industry? (1 point) Responses They benefit Texas because unrefined oil is more expensive than refined oil. They benefit Texas because unrefined oil is more expensive than refined oil. They benefit Texas because it has the ability to ship refined oil while other states cannot. They benefit Texas because it has the ability to ship refined oil while other states cannot. They harm Texas because unrefined oil is cheaper than refined oil. They harm Texas because unrefined oil is cheaper than refined oil. They harm Texas because it does not have the ability to ship refined oil while other states can.
1 answer
The correct response is: They benefit Texas because it has the ability to ship refined oil while other states cannot.
This is because Texas has a significant refining capacity, which allows it to process crude oil into refined products and subsequently export these products to markets like Mexico and Canada, thus providing a competitive advantage and increasing demand for Texas' oil industry.
