Posted on 03/01/2017 11:40:10 AM PST by SeekAndFind
I totally agree. We should stockpile all the oil that we drill that is not used immediately, against the day the oil reserves from the Muzzlime countries run out. From what I hear, some of them are actually petering out.
Where did you get your info?
https://www.youtube.com/watch?v=18jB74GtZwg
If the US would get into the LNG business it would mean more high paying blue-collar and white-collar jobs for a longer period of time than if we stayed in the crude oil export business. LNG is a more versatile type of energy than crude oil, that even environmental wackos would embrace.
Not exactly true. Our wells produce a lower grade or crude that our refineries don't want, so we sell it oversees. Most of the oil we refine for our domestic market is actually still being imported. It's naive to simply add up what we import and what we export and say we're now independent.
Venezuela is an exception. We buy high grade crude from them and sell low grade crude to them, but we also refine it for them. Remember they bought Citgo. It wasn't for the gas stations. They have a huge refinery in Louisiana.
Exporting NG means increased domestic prices. That is a fact.
Most of our imports are either because the price id temporarily cheaper, or because we own the refineries.
Venezuela (with the worlds larges oil reserves) exports their heavy crude to our refineries on the Gulf Coast, because they can’t refine it themselves.
Separate issue: Watch Natural Gas exports too. The infrastructure to export gas is starting to come on line, and we are natural super power, based on available reserves.
> For that matter, there are several types of crude oil we produce here that we cannot process here.<
We have the technology to process ANY type of crude. We fought WWII using mainly crude from Venezuela which has a high viscosity but we were able to distill diesel, aviation fuel and gasoline from it in the Aruba refinery. Crude distillation is more complicated than making booze, but we have the technology down pat in every detail.
Not any more we don’t. The more omnivorous refineries were closed down by environmental edict or by simple economics over the past ten years. The remaining refineries are almost all pretty heavily specialized on what feedstock they can use.
We *could* run up some refineries that could use the more exotic types we encounter here, but that would take years and in the meantime would not be contributing to breaking OPEC, bringing other nations into our orbit, reducing own own fuel costs, etc., etc. - all things we need to do now, not in several years.
Why does it make no sense? Do you know how much crude we could produce? Have you done a complete material and energy balance?
And after you’re finished doing it, make an economic balance because it is in the energy section that the US can really shine and really MAGA. Energy could make us king of the world. And don’t forget to figure in the huge amount of American jobs that can be created by fully utilizing the blessings of our fossil fuels.
It makes sense to the private individuals who own the oil. In a free country you are free to sell the fruits of your labor to whomever you wish (usual caveats for the usual export bogeymen). If you and like minded people want to keep it here then by all means buy some oil wells and sell your output to domestic users only.
A freaking men.
Wrong. Venezuela's crude is low quality. We happen to have the refineries to process their sour, heavy crude.
https://www.pri.org/stories/2014-03-26/venezuela-s-government-sinking-sea-oil
THIS from the gCaptain marine website backs that up.
He smart ass when it comes to international trade the USA is far from being a free country. There is no Constitutional right to sell anything across international borders duty free. Actually the opposite is true, I guess you never read the US Constitution. Try it some time jerk.
Before it's too late: sell, baby, sell! Genetic engineering will make in-ground petroleum reserves worthless. We will grow oil on the open oceans for less cost.
Do you expound on the Constitution with the same amount of care as you do with Freeper posts? I did not mention anything about a right to sell across borders duty free. But if you wish to have a different debate then by all means let us start this part of the Constitution. Article: 1 Section: 9 Clause: 5
If I remember correctly from previous posts you favor a flat 20% tax on all purchases of foreign goods. Are you now in favor of taxing all exports as well?
No, not all exports. Oil is a strategic resource.
Do I understand you correctly? You are not opposed to exporting oil so long as it has an export tax. Which means you would also have the US Constitution amended to allow for the taxation of oil exports.
You would do this because oil is strategic. Grain exports are strategic as well should they too be taxed when exported? What about coal to China?
No, there was already a ban on crude exports. I am assuming it passed Constitutional muster. That ban was around it seems for ever, until last year. The ban was good IMO.
I’m with you on this.
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