[ckilmer]

I think they should wait to export oil until after the USA is oil independent or about 2018,.

[thackney]

Please keep in mind the US has upgraded many of our refineries to efficiently run on heavy sour (cheap) crude.

Much of our new oil shale production is light sweet crude.

We can have greater trade balance by exporting more of the expensive oil while importing the cheap.

Otherwise, we become less efficient running the light sweet through refineries designed for heavy sour. It will depress our domestic light sweet oil price below the global light sweet. That makes drilling in the US shale less profitable and more money gets invested overseas.

[SunkenCiv]

I wholeheartedly agree, but we’ll still need more exploration and drilling.

[SunkenCiv]

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