Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 04/11/2026 4:18:09 AM PDT by SmokingJoe
TRUMP BOOM: Asian buyers are abandoning Middle Eastern oil & lining up 28 supertankers to carry US crude in May alone. Normal bookings at this point: 5. US Gulf Coast exports hit a record 4.90 million barrels a day in April. Trump's energy dominance is not a talking point. It is a shipping manifest.
h/t @KobeissiLetter
(Excerpt) Read more at x.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
you would think sooner or later people would want to get their oil from a place that is “not crazy.”
That is 4-5 times usual monthly export.
Maybe leads to a permanent change in Asian energy imports, bypassing the Persian Gulf
Longer route though
So we consume 20.5M bbls per day, and we produce 13.5M bbls per day so........
Meanwhile our Gas prices keep going up.
That’s what is done not necessarily what is possible if the money is right. Increase demand 3 times over and more things become economically viable. If the strait or Hormuz is no longer economically viable then maybe this suddenly becomes a sound fiscal decision by certain countries and that toll revenue become useless for Iran.
Impact on China discussed here also.
Warning. This a Pro American and Pro Trump video.
Y’all bots have been warned! LOL!
Iranian Regime Split into Multiple Factions, Trump Admin Playing Them Against Each Other During Talks...
https://youtu.be/cQ3GmGmzV8k?si=EELxvnbKa6e3dCWU
TRUMP. Except no substitutes. +1
Looks like to me we would be much better off to refine that crude ourselves. WE have build no new refineries since before peanut man carter was prez, I believe.
Cant fill your car up with crude. Refine it here and save the money of the 2 way boat ride plus the cost of refining, AND the greasing of the mullahs and other assorted robbers.
Won’t happen overnight. Look at the rig and spread counts.
Not one drop of oil should be sold to Europe, especially Spain, France, Germany and the UK.
Europe needs to suffer greatly for their TDS hatred of Trump.
I don’t know enough about how this commodity is traded to be honest. You may be right, logically, that they may not be able to quickly satisfy the order but this seems to be a golden opportunity so if at all possible they should be working round the clock to show this could be feasible long term. They can probably fill these orders faster than Hormuz because safe from the terrorist state this go round. That calculation seems to have already been made.
So, the winners of this war are the US Oil companies and Russia.
Cool.
My point is this industry is far more disciplined that it was 15 years ago. So far they have treated this as a hiccup.
GREAT
I will give you a little tutorial on how ALL COMMODITIES are traded.
Whoever will pay you the most buys the products.
As long as they pay their bills.
Meaning they either have on open line of credit or it is wired funds/ACH prior to release of the vessel at the port of origin.
The only thing that changes that are tariffs and trade restrictions like there currently has been on Russian and Iranian oil.
Those trade restrictions effect the market too.
Russia has been selling most of their oil to China and India at a big discount to the Brent Sea crude spot price.
It has become a huge windfall for India.
Uhhhh ... are you sure you would want to become dependent on U.S. oil exports either? Trump is perfectly capable of announcing a massive surcharge or outright embargo without warning, and just about anything could trigger him. But at least Trump wants the U.S. to be a producer and exporter. The next democrat administration will do its best to shut in production and curtail hydrocarbon exports to save the world from cheap energy. The only things the democrats want to export are pixels, gender insanity, racial essentialism, and abortion on demand.
Importing oil from the U.S. is a short term expedient that may look better than importing oil from the Gulf. Heck, prior to WWII, Japan was perfectly happy to get almost all its oil from the U.S. You know how that turned out. Amazing how turning oil, or food, into a weapon alters calculations.
Anyhow, it's also amazing how fast things recede into ancient history. The last time the U.S. actually had a coherent, long term energy strategy -- and a president who talked coherently about it -- was back in Ye Olde Ancient Times of Bush 43.
GWB was forthrightly pro-everything: enhanced oil production, increased natural gas production, nuclear power and research on fusion, increased wind and solar, ethanol and biodiesel, second and third generation biofuels, EV's and aggressive RD&D on hydrogen fuels.
Obviously not all of these technologies were close enough to economic viability for us to be serious about commercialization. But GWB was forthright about that too. We should aggressively increase production of all viable energy sources. We should have aggressive and robust R&D programs on the gleam in the eye technologies. And we should put on our big boy pants and make some pro-production decisions on technologies that were approaching price competitiveness and might get over the hump with increased economies of scale.
The devil of course is always in the details. Corn ethanol is a good example. Henry Ford was calling ethanol the fuel of the future in the 1930's. Then we invented the Permian Basin and someone found out that you could stick a straw into the ground in Saudi Arabia and very cheap oil came gushing out. The oil industry was extraordinarily inventive in figuring out how to drill offshore and in arctic tundra. Etc. The farm patch was always in love with ethanol as a way to dispose of surplus corn, but corn ethanol wasn't competitive with cheap oil and depended on subsidies (which are now all gone, btw).
But somewhere in the aughts, as oil prices continued to rise (ultimately to $150 a barrel before a global recession and then fracking set things back), that changed. Somewhere in the range of $60-80 a barrel oil, corn ethanol became cheaper than oil. Biofuels took off. Farmers, the seed techs, and the equipment manufacturers found ways to dramatically increase corn production, and everyone in the plant sciences with a test tube was working on second and third generation biofuels, because everyone knew that we don't have enough farm ground to grow the corn we would need to completely replace oil.
Than came a global recession and fracking. But the underlying reality didn't change. What GWB was saying continued to be correct. The world needs to diversify away from oil. Pick your reasons: geostrategic, price, environmental ... but the idea that we can just magically assume infinite increases in oil production is insane. We don't know when, but sooner or later, we are going to hit a limit, and prices will soar as we go after ever-more expensive oil in ever-more difficult and nasty places.
GWB always said that we needed to diversify away from oil ... but we don't yet know what the fuel mix of the future will be. Oil is still king now. But sooner or later, that will change. We need to be ready, and if we can push the RD&D along, that's the right thing to do.
The big wrong turn came with Obama, whose band of ideologically blinkered idiots shoved all the chips to electricity ... to be generated by wind, solar, and pixie dust because they were anti-coal, anti-nuclear, anti-natural gas, anti-oil, anti-everything that works economically. We have still not unwound the Obama stupidities on energy.
So: if I were running an Asian oil importing country and thinking strategically, I would look at oil imports as a necessary but dangerous expedient, and I would be very interested in the long term alternatives. Nuclear power is going to make a big comeback; the smart environmentalists have always known this, and they are starting to make at least some headway with the idiots. Corn ethanol and cellulosic ethanol are useful bridge fuels but can't be produced in sufficient quantity; if we can crack the code on algae or microbial production, however, the yields are staggering and the global economy will change very rapidly. These technologies work at lab scale. Scaling them up at a competitive price point is the challenge. The same is true for hydrogen. Put enough cheap nuclear power in the background, and transportation fuels will take care of themselves.
If you were Japan, what would you invest in for the long term? Probably everything. We still don't know what the fuel of the future will be. That's a cost decision. But the long-term price trend for oil is up, and total production will plateau and begin to decline at some point. Some of the other technologies are near commercial viability; others are further off -- but that could change quickly if the researchers find the solution. Even wind and solar have acquired significantly increased legitimate markets. By legitimate, I don't mean politically driven and subsidized applications; I mean small solar powered devices and larger off-grid applications where you are enough miles off the nearest power lines to make wind or solar preferable to stringing and maintaining wire for very low density users.
All Trump seems to be able to say is drill, drill, drill. And yes, we should drill -- but it would be both wise economically and politically astute if Trump would loop back to an all-everything stance and be clear about the potential of technologies that are within range of becoming competitive at foreseeable prices for oil.
sphinx-you seem very well informed. Maybe too informed for the rest of us.
We have 400 years of coal right here. I think we’ll be ok. As for nuclear the problem is what to do with the waste. We have a hundred or so waste sites in the US. I can see Trump starting construction up on Yucca mountain. Sounds like we could store the world’s waste in that place, not that we would. Apparently the amount if waste is now very small. Please inform the rest of us.
Math is pretty powerful.
Do we produce a lot of oil? Yes. Math doesn’t generally deal with “a lot”. It deals with numbers.
We’re at about 13 million barrels/day produced. What do we consume? Tricky question because we consume liquids that have been processed. We don’t consume the exact liquid that comes out of the ground.
So do we have surplus, that we export on these tankers? Not really. We were exporting oil even before shale arrived. It goes where the owner can get the most money, even if someone on the other side of the country has to import some. And then Congress noted that we didn’t have enough to be exporting and prohibited exports. Which was then reversed.
The concept of energy dominance doesn’t really have to mean anything. You produce a lot. You consume a lot. Is this dominance?
Alaskan oil from the pipeline should have always been sent to Asia but congress decided we needed it here. California refineries were not set up to deal with that type of crude.
Good thing Trump reversed all of Biden’s drilling restrictions.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.