U.S. poised to become net exporter of crude oil in 2023
Dec 20, 2022 11:57:11 #
Bad Bob
Loc: Virginia
jack sequim wa wrote:
What the deceptive article does not state, the oil exported is oil our refineries are not tooled to refine. Biden's regulations and previous EPA regulations prevents refineries from retooling or upgrading this oil to be refined, thar would benefit Americans. Oil companies have been selling oil aboard for decades, sending to countries tooled to refine, and some is then purchased, shipped back to the U.S. , diesel, gasoline, jet fuel ect.
Got any proof?
Dec 20, 2022 13:42:03 #
jack sequim wa wrote:
What the deceptive article does not state, the oil exported is oil our refineries are not tooled to refine. Biden's regulations and previous EPA regulations prevents refineries from retooling or upgrading this oil to be refined, thar would benefit Americans. Oil companies have been selling oil aboard for decades, sending to countries tooled to refine, and some is then purchased, shipped back to the U.S. , diesel, gasoline, jet fuel ect.
You’re correct about the refinery tooling. Each refinery works with a certain grade and sulfur content of crude. They’re not easily changed economically speaking unless you have a market for what they’re going to produce. The decision to change the refineries, however has two aspects one of which is the ability to buy the oil locally and the ability to sell the oil locally. Those are political decisions made by the government but the decision to change a refinery is 100% profit motivated by the oil companies themselves. They could apply for permits to sell American crude into the American market, but they make more money exporting it to Europe.
Dec 20, 2022 13:51:30 #
Dec 20, 2022 14:41:18 #
son of witless wrote:
Bad Bob posted a deceptive article. I am shocked, dumbfounded, and nonplussed. That is so out of character for him.
Gotta Love your Pre-Christmas humor...
Dec 20, 2022 14:50:05 #
Farnorth wrote:
You’re correct about the refinery tooling. Each re... (show quote)
Your mostly right, l however a very small fringe eco freaks group has causes such deep restrictiins/regulations through the left party, that the cost of permits and "Massive Retooling " to meet guidelines would be cost prohibited. The very reason new refineries have not been built for decades and why a hurricane, refinery fire is so disruptive to our supply chain. AR any given time, two large refineries get hit with a disaster at the same time, prices would quickly double and gas lines until repaired. Let's hope we don't see any "Major" disaster damages come to, two or more refineries.
Dec 20, 2022 14:52:05 #
Bad Bob wrote:
Got any proof?
You mean common knowledge? Your only a few words and click in any search engine, this isn't a political sided t***h
Dec 20, 2022 21:06:21 #
Bad Bob wrote:
Maybe we will become an oil exporter in 2024, when Trump returns to office.https://www.yahoo.com/finance/news/u-poised-become-net-exporter-175848345.html
Dec 20, 2022 22:27:31 #
Big Kahuna wrote:
Maybe we will become an oil exporter in 2024, when Trump returns to office.
We export more than ever right now, or did you miss that Exxon posted the largest dividend in the history of mankind 2 nd quarter 2021
Dec 20, 2022 22:32:11 #
Farnorth wrote:
We export more than ever right now, or did you miss that Exxon posted the largest dividend in the history of mankind 2 nd quarter 2021
Of course we do why do you think we’re backing Ukraine. 2+2 still equals four
Dec 20, 2022 22:33:57 #
So all these people claiming we lost our energy, independence and so forth. Thanks to Joe Biden must be wrong. Joe Biden has nothing to do with it. Anyway it’s Exxon and BP who determine whether we export or not. But we still try to follow the medias little shiny objects when the problem really is international corporations, running our country.
Dec 20, 2022 22:34:08 #
JFlorio
Loc: Seminole Florida
Farnorth wrote:
We export more than ever right now, or did you miss that Exxon posted the largest dividend in the history of mankind 2 nd quarter 2021
Good for them and many retirees and investors. Exxon took a beating during the p******c.
Dec 20, 2022 22:38:02 #
JFlorio
Loc: Seminole Florida
Farnorth wrote:
So all these people claiming we lost our energy, independence and so forth. Thanks to Joe Biden must be wrong. Joe Biden has nothing to do with it. Anyway it’s Exxon and BP who determine whether we export or not. But we still try to follow the medias little shiny objects when the problem really is international corporations, running our country.
https://nypost.com/2022/03/09/why-biden-energy-policies-have-contributed-to-surging-oil-prices/
https://www.foxbusiness.com/energy/timeline-biden-actions-oil-gas-priorities
Much more complicated than you seem to understand.
Dec 20, 2022 23:54:07 #
jack sequim wa wrote:
What the deceptive article does not state, the oil exported is oil our refineries are not tooled to refine. Biden's regulations and previous EPA regulations prevents refineries from retooling or upgrading this oil to be refined, thar would benefit Americans. Oil companies have been selling oil aboard for decades, sending to countries tooled to refine, and some is then purchased, shipped back to the U.S. , diesel, gasoline, jet fuel ect.
That’s bullchit. We closed 8 refineries one of which was capable of refining high sulfur crude. And we only have two capable.
And the Venezuelan Oil is a high sulfur Oil. And there is a pile of it .
Dec 20, 2022 23:58:19 #
Milosia2 wrote:
That’s bullchit. We closed 8 refineries one of which was capable of refining high sulfur crude. And we only have two capable.
Who closed. eight refineries I hope it wasn’t under Brandon
Dec 20, 2022 23:59:54 #
JFlorio wrote:
Good for them and many retirees and investors. Exxon took a beating during the p******c.
No they didn’t . They have shown excessive profit for the past 7 years.
They never lose money because they control the “free “ market.
Price of oil goes up they raise price of gas. Price of oil goes down they raise the price of gas. A win win , anti free market.
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