Posted on 12/20/2023 7:44:46 AM PST by Miami Rebel
U.S. oil production reached a record 13.2 million barrels per day, significantly increasing exports, especially to Europe and Asia.
End-of-year tax considerations are prompting traders to export more oil to reduce taxable inventory, with exports expected to average 5 million barrels per day.
The integration of WTI Midland in the Brent basket and the European embargo on Russian oil have contributed to the growing popularity of U.S. crude in global markets.
(Excerpt) Read more at oilprice.com ...
I repeat:
Oil companies don’t dance a gavotte with the feds.
They are probably the most cutthroat businesses in the western world, and I say that as a shareholder.
Of course, you’re the SME
Government agencies have no say in anything?
They can drill where they want? They don’t need drilling permits? They don’t have to pay taxes? They can run work sites that make the old sweatshops look like a backyard bonfire? They can renovate or build new refineries without any government intervention?
WOW…..who would have thought an industry could do so much without having to deal with the government.
Amazing.
Operating Refineries
2020 - 131
2023 - 124
Operating Barrels per Day
2020 - 18,548,985
2023 - 17,684,549
Source:
https://www.eia.gov/dnav/pet/pet_pnp_cap1_dcu_nus_a.htm
Deep State is exporting record amounts of ourenergy, not just crude.
It’s a win-win for our Deep State.
Aid and abet its foreign cronies while impoverishing the American middle class.
https://www.freightwaves.com/news/americas-energy-boom-crude-exports-soar-to-record-high
https://www.ny1.com/nyc/all-boroughs/politics/2023/11/03/u-s—increases-coal-exports-to-europe
https://finance.yahoo.com/news/1-us-natgas-prices-gain-203453945.html
Do you understand how capitalism works and that oil is a fungible commodity?
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