I think if it doesn't say BOE then it is crude.
--
Yeah, talking about the average API misses the one big point, running shy of middle distillates.
The stuff coming out of most wells contains a variety of different length carbon hydrogen molecules. If a well or region produces crude with proportionally more long chain molecules (into the hundreds of carbon atoms I guess) that makes the oil denser so it is called "heavy" - long enough and it is a solid. More short chain molecules make it less dense "light" oil - all the way to single carbon natural gas.
When refined by factional distilling, the different length chains are separated and certain lengths go to certain uses. Very light stuff is chemical feedstock for plastics and whatnot; the middle distillates are fuels; the heaviest are lubes, asphalt and petroleum coke.
The problem is we are running short of that good old crude with the nice mixture of molecules in the middle (5-20 carbons) of which we have become accustomed. Trying to increase the flow (and avoid peak oil) we are using unconventionally produced oilish stuff that is different in composition. Specifically it is deficient in those middle distillates, the part we use for fuels.
On one end of the scale is tar sand, crude that has been exposed and eroded so the light and middle factions are gone. X-Heavy oil like that from venezuela is nearly as heavy. "Light Tight Oil" from long horizontally drilled and "hydro fractured" wells on the other hand is crude trapped in formations so tight only the shortest length, lightest part can be sucked out (I think).
So, mix very heavy and very light together and you can get an average that appears peachy but has proportionally fewer of the 5-20 carbon molecule stuff we use for fuel. You can get them by cooking to split apart the very long chains down to the right length for fuels or maybe catalise short ones together but that takes more energy.
So like I said, it is not a simple bumper sticker answer, and I'm just an amateur
.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)