Eagle Ford condensate producers win, refiners lose in oil export decision

SeekingAlpha ^ | 25 Jun 2014

[thackney]

Some of my post above contained English. Some of it looks like a lame attempt at it.

“The ruling appears to require...”

“I read most of...”

and

“most condensate is primarily natural gas liquids” should have been “all condensate is NGL”. By definition, condensate is gas in the reservoir and condensing to liquid at surface conditions. That isn’t oil.

[familyop]

"...The decision falls far short of what oil producers and some of their allies in Congress have been urging — including a wholesale repeal of the trade limits on crude."

I agree with the present relaxation on exports for the purpose of helping Europe, but a repeal of all of the trade limits would be an extremely dangerous act. The U.S.A. needs more oil security than that for defense.

For folks who are reading this and have no instruction in overall warfare necessities, extreme quantities of oil are necessary for mechanized and air pursuits necessary for winning a war (expecially a world war). And the world now is getting to be much more dangerous than it was during the Cold War. Reserves, no matter how large, are not nearly enough.

[familyop]

Refiners Crash as Exports From Shale Boom Threaten Costs
http://www.bloomberg.com/news/2014-06-25/refiners-crash-as-exports-from-shale-boom-threaten-costs.html
[Title and link only, content prohibited from posting on FR.]

[thackney]

on speculation that

Key phrase in your linked article...