Posted on 10/11/2017 8:35:36 AM PDT by Oatka
Link only (Bloomberg)
(Excerpt) Read more at gcaptain.com ...
Winning, winning, winning.
Trump. flaws and all, facing implacable opposition at every turn, may be still the most effective president in American history.
Are we at the point where oil from Saudi (and other middle eastern regimes) no longer carries great influence?
West Virginia had second highest GDP
WASHINGTON - West Virginia had the second highest growth in gross domestic product (GDP) of any state in the country during the first quarter of 2017, and Gov. Jim Justice attributes the climb to the bounce back in the coal industry.
Mining grew by 21.6 percent nationally, according to the U.S. Department of Commerce report, contributing to growth in 48 states. That made Texas, West Virginia, and New Mexico the three fastest growing states, growing at 3.9 percent, 3.0 percent and 2.8 percent, respectively.
"I know the coal business like the back of my hand and the current spike in the coal market was one I saw coming, and our state Legislature refused to listen," Justice said in a news release. "If you go back to the October 2016 debates for governor, I said that coal would rebound and that our severance tax collection would go up. Some people laughed at the time, and they were totally wrong."
The governor's office also reported that a new Reuters analysis shows U.S. coal exports have increased more than 60 percent this year due to soaring demand from Europe and Asia.
Now you know why WV loves Trump.
Delivering promises Bigly.
Remember the days when we were told that dependence on foreign oil was our major security concern? This was pushed by the luddites who just want us to use less of the stuff. Haven’t heard anyone champion the elimination of a major national security concern thanks to fracking technology.
Oh the tears, THE TEARS! The tears of the left are streaming profusely. Poor widdle leftists! The jes’ can’t understand that MAGA was more than a slogan.
The Bakken alone has 10 X the proven reserves of all of Saudi Arabia. And then there;s the Permian Basin, and the .... on and on and on. America del Norte was always a trove of energy resources while the rest of the major oil players grew to think they held all the energy cards.
And a recent report has OPEC itself begging and pleading with American oil drillers to please, please, please in the name of Allah and his Prophet to help put a lid on supply.
Silliness.
The US imports 9-10 million barrels/day.
Think about that and what sense that story could make.
Don’t understand?
https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbblpd_m.htm
be sure you select monthly thousand barrels per day on the dropdown. The world works in bpd.
Per this website, we’re exporting more than that.
https://ycharts.com/indicators/us_oil_exports
They say, 7 million as of September 29. Importing 9 million.
https://ycharts.com/indicators/oil_imports
That would be a net difference of 2 million. Is that right?
If there is a net difference of -2 million, how much of that comes from Canada?
>That would be a net difference of 2 million. Is that right?
Looks like the latest figures are weekly. If true, as per the article, we are exporting 10 mil a week, so maybe we are at the break-even point. (Dunno what our weekly exports are now.)
US Oil Exports Historical Data
Data for this Date Range
Sept. 29, 2017 7.023M
US Oil Imports Historical Data
Data for this Date Range
Sept. 29, 2017 9.774M
why is gas prices still relatively high if we got so much oil around that we’re shipping it away?
What do you suppose would have happened, Jimmy, if your gal Hillary had been elected?
Hi.
Refineries just coming back to full production after hurricane.
Price will drop more.
5.56mm
Personally, I’m hoping for $1.00 gallon gas prices.
For premium.
I’ll hope with you.
My G37 likes gas.
5.56mm
Got a good chuckle out of that last sentence, thanks!
Nice...we are WINNING!!
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