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2012-10-13 Economy
US Prepares to Export Crude Oil
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Posted by g(r)omgoru 2012-10-13 13:08|| E-Mail|| Front Page|| [6463 views ]  Top

#1 ...Would anyone like to place any wagers on whether or not the EPA somehow finds a way to prevent this?

Mike
Posted by Mike Kozlowski 2012-10-13 13:13||   2012-10-13 13:13|| Front Page Top

#2 given high prices here why would a company want to export? To keep the prices high?
Posted by Spanky Henbane6009 2012-10-13 13:22||   2012-10-13 13:22|| Front Page Top

#3 lack of refinery capacity here?
Posted by Frank G 2012-10-13 13:25||   2012-10-13 13:25|| Front Page Top

#4 From the article, above:

the production of new types of oil over the past few years have overwhelmed the capacity of many local refineries, and energy companies are now looking across the border to process their new bounty.

So definitely refinery capacity. Or at least, refinery capacity in the right location.
Posted by trailing wife 2012-10-13 13:38||   2012-10-13 13:38|| Front Page Top

#5 Exporting Texas Tea for refining instead of increasing refining capacity is a national security risk. Fits perfectly with Hussein's marxist ideology for the United States.
Posted by Bigfoot Glith3592 2012-10-13 14:17||   2012-10-13 14:17|| Front Page Top

#6 Refinery location & type. Some oils need special handling that not all refineries can do.

The Obamanation technique has been to prevent the increase in any "non-green" (aka politically connected) energy development whether actuall extraction or infrastructure; see Keystone.
Posted by AlanC 2012-10-13 14:48||   2012-10-13 14:48|| Front Page Top

#7 I suspect Snowy or Glemore can speak more accurately to this. I suspect this is just shifting product where it can best be refined, it's not like the US has suddenly started producing the oil needed to to become an oil exporter. Hydrocarbons... maybe, maybe soon... but not oil.
Posted by Shipman 2012-10-13 16:23||   2012-10-13 16:23|| Front Page Top

#8  See here: http://www.eia.gov/totalenergy/data/annual/pdf/sec5_4.pdf
Will someone please wake me up when the US needs to net import only 10% of its consumption?
Posted by Anguper Hupomosing9418 2012-10-13 22:36||   2012-10-13 22:36|| Front Page Top

#9  I suspect the USA has been exporting oil (however small the amount) for many decades.
See this EIA summary - a giant amoeba-like blob, illustrating all imports/exports/consumption.
Posted by Anguper Hupomosing9418 2012-10-13 22:44||   2012-10-13 22:44|| Front Page Top

#10 Shipman, I think the net imports figure for the last two years are untrustworthy and the figures have been manipulated to mask the shortfall of production in the Gulf from the year-long shutdown in 2010.
Posted by Thing From Snowy Mountain 2012-10-13 22:52||   2012-10-13 22:52|| Front Page Top

23:54 Barbara
23:42 Spanky Bourbon9445
23:38 Spanky Bourbon9445
23:25 Ken Price
22:58 Spanky Bourbon9445
22:52 Thing From Snowy Mountain
22:50 Anguper Hupomosing9418
22:50 Raider
22:48 Anguper Hupomosing9418
22:46 Anguper Hupomosing9418
22:44 Anguper Hupomosing9418
22:37 Spanky Bourbon9445
22:36 Anguper Hupomosing9418
22:12 JosephMendiola
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21:59 JosephMendiola
21:08 Jan
20:44 Lone Ranger
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