Jump to content
What are you looking for, regulation? The U.S. exported more gasoline, diesel and other fuels than it imported in 2011. Shipments abroad of petroleum products exceeded imports by 439,000 barrels a day, the department said today in the Petroleum Supply Monthly report.
Check here: http://www.eia.gov/petroleum/
Read here: http://www.csmonitor.com/USA/2012/0223/As-gas-prices-rise-should-US-oil-industry-stop-exporting
As gas prices rise, should US oil industry stop exporting?
US gas prices are soaring and domestic demand is falling. The oil industry says it needs to export to stay in business and avoid layoffs. Others claim that keeps supply low and gas prices high.
By Ron Scherer, Staff writer / February 23, 2012
It's a free, global market....
(When it comes to oil industry exports of gasoline, there may not be many policy options for Obama unless he wants to start to interfere with the marketplace.
“I don’t think there are any powers the president has that allow him to do that by statute or otherwise,” says Charles Ebinger, director of the Energy Security Initiative at the Brookings Institution in Washington. “I guess behind the scenes he could jawbone the industry to ask them to stop exporting for the good of the nation.”)
You want US oil companies to produce more? They are, to sell to China, Latin America and India, where our so called "job creators" have created all the jobs...
You are blaming the wrong corrupt entity, blame the corrupt oil companies....
Do your homework, see how much product we are exporting, regardless of whether or not we are "energy independent."
Then see what's going on in Cushing, Oklahoma.
If you don't believe the EIA(U.S. Energy Information Administration), Bloomberg or the Christian Science Monitor then who do you believe?
U.S. Was Net Oil-Product Exporter in 2011
"Lol. Oreilly has his head in his rear."
Nice...whatever that means to the subject.
(They got rid of a stock pile.)
And where does that info come from?
Basically, you trust the oil companies, now making record profits, to do the right thing? Export product and solve the worlds energy problems while making less profits, drill baby drill? Yeah, they'll do that. They'll decrease the price all on their own and make less profit. OPEC will go along with that.
Believe what you will, trust who you will, your choice....
(Next, instead of the billions wasted on green energy companies, we could have set up and converted some of our fleet vehicles to natural gas.)
A Made-in-America fuel source may soon be moving tractor-trailers across the U.S.
Carriers like Ryder System Inc. (R) are buying long-haul trucks that run on natural gas, around $1.50 a gallon cheaper than diesel. As adoption grows, Clean Energy Fuels Corp. (CLNE) and Westport Innovations Inc. (WPT) plan to profit from a marriage of technology and domestic energy that has the political blessing of President Barack Obama and the financial backing of T. Boone Pickens.
I see an Obama hater who is similar to the Bush haters in '03.
The other side of the coin. Market forces spiked the price in '03 and are again. As was said in '03, the president can't control the market. I don't trust either one and trust oil companies and futures buyers even less.
(I look at the pump and I see red. I guess you see excuses. Lol
Epic, epic fail.)
You're funny aren't you? Just not ha ha funny, nice discussion style.....
I wouldn't vote for any incompetent politician for president from either corrupt political party.
You keep laughing, the new boss is the same as the old boss and the next will be the same as the current boss. An inept, plutocratic oligarch who comes from the two corrupt political parties that rule this corrupt system.
Reagan....nobody in his administration was ever indicted and convicted. Has that trickle down economy trickled down yet? Or has the middle class been decimated by so called "free trade?"
But keep laughing, support the plutocrat of your choice and hate the other while the system spits out another one for you to love or hate. And you don't even have a Constitutional right to vote.
I'm laughing too. Partisan politics is highly amusing while the system rapes us all. And keep hoping for another Saint Reagan....
We should be deeply humbled and embarrassed as a nation. We were once the best in the world and the envy of the entire globe, but now the whole world is laughing at us and it didn't happen in just the last 3 years.
USA #1? 40 Embarrassing Things That America Is The Best In The World At
Patrick, your whining falls on deaf ears in the UK where they are paying upwards of $7.00 per gallon. It's called the laws of supply and demand and EVERY time the government has tried to circumvent those laws it has created a quagmire. The reason for higher gas prices is NOT the president of the United States fault. It is a result of India and China coming of age in THEIR industrial revolution. Perhaps you should appeal to the leaders of THOSE countries.
The export numbers you cite are a little disingenuous. They are a function of what we refine, not the result of what we extract. We are able to use our refining capacity to churn out the finished products that countries like Brazil, Mexico, the Netherlands, Spain, Guatemala, Canada, France, Argentina, & Turkey can't produce on their own. Crude is the grist for that mill, and the import v. export numbers on that score are undeniable:
Total U.S. imports per month: 343,152. Source: U.S. Energy Information Administration http://126.96.36.199/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
Total U.S. exports per month: 96,933. Source: U.S. Energy Information Administration http://188.8.131.52/dnav/pet/pet_move_exp_dc_NUS-Z00_mbbl_m.htm
After flushing billions down solar-energy snowjobs, smothering offshore exploration, preaching the purchase of electric clown cars that nobody wants, 86ing the Keystone pipeline, and reducing oil lease approval to a snail's pace, the Dept of Energy is relentlessly moving closer toward a goal set by the administration at its inception: In 2008, Energy-Secretary-in-waiting Steven Chu said that what Americans pay for gasoline should be inflated "to the levels in Europe.”
France: $5.54. Germany: $5.57. UK: $5.79. Sweden: $5.80. Belgium: $5.91. Italy: $5.96. Netherlands: $6.48.
Way to go, Mr. Secretary. With just a little more effort, you and your boss's vision may soon be realized for all of us.
The import/export numbers cited above reflect barrels per month.
Well said, Airborne and Nimrod.
The export numbers you cite are a little disingenuous. They are a function of what we refine, not the result of what we extract.)
How is it "disingenuous" when what I cited was, "The U.S. exported more gasoline, diesel and other fuels than it imported in 2011. Shipments abroad of petroleum products exceeded imports by 439,000 barrels a day, the department said today in the Petroleum Supply Monthly report.
Check here: http://www.eia.gov/petroleum/
Read here: http://www.csmonitor.com/USA/2012/022…
By Ron Scherer, Staff writer / February 23, 2012"
Posting comments requires a free account
Contents of this site are © Copyright 2015 Craig Daily Press. All rights reserved.