GOODBYE FOREIGN OIL DEPENDENCE!!

US turns to net oil exporter, says EIA.

Two words: Boo. Ya. 

US Crude shipments last week = 3.2 million bpd

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It's a definite possibility. If we get the bottlenecks straightened out in the Permian( online for middle of 2019) and the Sabine Pass project along with the Midship pipeline project finish and come online in early 2020, I believe we have a solid chance at export stability.

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Unless you count Canada as a foreign nation. The US/N America has been net oil import independent for some time.

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4 minutes ago, Boat said:

Unless you count Canada as a foreign nation. The US/N America has been net oil import independent for some time.

Indeed I consider Canada a foreign nation. 

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For at least one week the US is net oil import independent when compared with consumption. No need for another Canadian pipeline. Guess Obama was right after all. 

Long term we could kill the pollution from those refineries and imports no longer needed. Let's all breathe easier. Lol

 

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Foreign supplier Canada, but mostly owned by American shareholders and American companies. Haha! 

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I'm sure I'm in the minority here, but I lament the fact that we harbor no desire to also become sustainably independent of the demands of the export market...

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1 hour ago, Rodent said:

Indeed I consider Canada a foreign nation. 

Me too.

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(edited)

1 hour ago, Boat said:

For at least one week the US is net oil import independent when compared with consumption. No need for another Canadian pipeline. Guess Obama was right after all. 

Long term we could kill the pollution from those refineries and imports no longer needed. Let's all breathe easier. Lol

 

Wrong.

We need all the pipelines and refineries we can get.

Don't get overconfident.

We have gone from low-level exporter to top exporter in one year.

A DRASTIC CHANGE IN THE GLOBAL MARKET HAS OCCURRED.

Our competitors were caught off guard,  and are even now planning their response to the changed circumstances.

We must continue expanding our system under the belief we will need it to counter our competitors response,  when it comes.

Edited by Illurion
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17 minutes ago, Illurion said:

Don't get overconfident.

We have gone from low-level exporter to top exporter in one year.

A DRASTIC CHANGE IN THE GLOBAL MARKET HAS OCCURRED.

 

Top exporter?

 

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4 minutes ago, Refman said:

Top exporter?

 

Yeah ?   

You do understand the relationship between our exports and imports ?

It is a formula variable.

We are no longer such a net importer,  because we have increased our exports so much.

There has been a drop in imports,  but no where near the increase in exports.

But both combined,  place the USA in a totally different position in the world oil market than where we were.

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34 minutes ago, Illurion said:

Yeah ?   

You do understand the relationship between our exports and imports ?

 

I am going to ask you nicely to think through the tenor of your comments before you hit that Post button.  They have this disconcerting tendency to come across as rude and aggressive, and I feel confident you did not intend them that way.  Nonetheless, "print" is a medium that cannot capture tonal inflection, and thus is best approached cautiously, and humbly.  Otherwise, you come across as being some high-level Al bot.  Cheers. 

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2 hours ago, Rodent said:

Indeed I consider Canada a foreign nation. 

Now, now, Rodi, whatever happened to "54-40 or fight!" ?

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48 minutes ago, Illurion said:

Yeah ?   

You do understand the relationship between our exports and imports ?

It is a formula variable.

We are no longer such a net importer,  because we have increased our exports so much.

There has been a drop in imports,  but no where near the increase in exports.

But both combined,  place the USA in a totally different position in the world oil market than where we were.

By anyone elses definition the USA is not the biggest exporter. On that score the USA is still behind Russia, KSA, Iraq.Not sure where the UAE currently is on the export count. 

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Watch. By mid 2019 Alaska will come out of no where with exporting US crude. December is the month that www.BLM.gov will be holding sales for land lease drill rights. Plus having Alaska drilling rights finalized by mid 2019 the pipelines will be flowing.

BTW have you heard the spot radio add's for ARCO top tier gas and Marathon gas commercials? Interesting to me why these two companies are broadcasting/advertising. The few past months Marathon completed the purchase/merger of Tesoro was bought by Marathon Petroleum on October 1, 2018. 

Me thinks something is going on. Have fun with the investigation.

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How much proven reserves does the USA actually have? How long can they sustain at current production rates? Canada is largest supplier of Oil to the USA - exporting over 2.5 million barrels per day. 

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1 hour ago, Jan van Eck said:

 Otherwise, you come across as being some high-level Al bot.  Cheers. 

I wish i was an AI Bot.

Would not have the medical issues any more.

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1 hour ago, NickW said:

USA is not the biggest exporter. 

I didn't say we are "THE" top exporter.

And i didn't use the word "biggest" at all.

I said:  "We have gone from low-level exporter to top exporter in one year."

There are several top exporters,  and we are NOW ONE OF THEM.

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31 minutes ago, Illurion said:

I didn't say we are "THE" top exporter.

And i didn't use the word "biggest" at all.

I said:  "We have gone from low-level exporter to top exporter in one year."

There are several top exporters,  and we are NOW ONE OF THEM.

top exporter would tend to suggest No.1 

For clarification - if you said the USA had joined the top 5 exporters this would technically be correct. 

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5 hours ago, Rodent said:

US turns to net oil exporter, says EIA.

Two words: Boo. Ya. 

US Crude shipments last week = 3.2 million bpd

 

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5 hours ago, Rodent said:

US turns to net oil exporter, says EIA.

Two words: Boo. Ya. 

US Crude shipments last week = 3.2 million bpd

it could be possbile for many reasonable facts 

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2 hours ago, Bobby P said:

How much proven reserves does the USA actually have? How long can they sustain at current production rates? Canada is largest supplier of Oil to the USA - exporting over 2.5 million barrels per day. 

But don't forget - the USA is a big exporter of refined products to Canada.  

Eastern Canada refineries buy crude, not from Canadian sources, but from the Bakken fields or from the Middle East.  It is precisely that untapped purchasing that I predict will get locked in to Canadian crude in the future, as WCS ends up with no other market. 

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Alberta (Canada) is working hard on its export problems; if we could export it faster the US would buy it faster...

Shale oil wells have a short lifespan and new development will stop when people start buying more cheap Canadian oil. Laugh at the price differential now and cry later when US oil companies start hurting.

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5 hours ago, Jan van Eck said:

I am going to ask you nicely to think through the tenor of your comments before you hit that Post button.  They have this disconcerting tendency to come across as rude and aggressive, and I feel confident you did not intend them that way.  Nonetheless, "print" is a medium that cannot capture tonal inflection, and thus is best approached cautiously, and humbly.  Otherwise, you come across as being some high-level Al bot.  Cheers. 

eat a bag of wigwams

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