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Re:U.S. to release oil from reserves in coordination with ot... by okl on Tuesday November 23, 2021 @10:14AM (#29318719)
Regarding 1): There already are such projects, notably used by Nazi-Germany during WWII: https://en.wikipedia.org/wiki/Coal_liquefaction Coal prices are currently at insane levels compared to crude oil, however.

Regarding 2): US has been a net importer of distillates since 2012.

Re:U.S. to release oil from reserves in coordination with ot... by xhrpost on Tuesday November 23, 2021 @10:35AM (#29318993)
Re:U.S. to release oil from reserves in coordination with ot... by okl on Tuesday November 23, 2021 @10:43AM (#29319112)
Oh, yep, sorry. Held the chart upside down and looked at the sum of crude+products. Thanks for the correction.