We do export oil, and the old no exports of American oil is going under the bus.
U.S. Oil Exports Hit 57 Year High - Breitbart
www.breitbart.com/Big-Government/2014/11/07/U-S-Oil-Exports-Hit-57-Year-High - 148k - Cached - Similar pages
Nov 8, 2014 ... With U.S. production and exports driving crude oil prices down and forcing ... to double to 8.5 million barrels per day (bpd) through July, 2014.
U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia ...
www.bloomberg.com/.../u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html - 169k - Cached - Similar pages
The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of ... By Grant Smith Jul 4, 2014 8:56 AM PT.
Gasoline Price Study to Fuel Debate on U.S. Oil Exports - Bloomberg
www.bloomberg.com/.../gasoline-price-study-to-fuel-debate-on-u-s-oil-exports.html - 173k - Cached - Similar pages
The push to end a four-decade limit on exporting U.S. oil may get a boost from a government ... By Brian Wingfield and Jim Snyder Oct 29, 2014 9:30 PM PT.
BHP Billiton Starts Exporting U.S. Oil - Businessweek
www.businessweek.com/.../2014-11-05/bhp-billiton-starts-exporting-u-dot-s-dot-oil - 79k - Cached - Similar pages
Nov 5, 2014 ... BHP Billiton will start exporting oil from Texas without first getting permission from the federal ... By Matthew Philips November 05, 2014 ...
The article points to what may happen. We currently export mostly refined products.
FWIW OPEC combined exports total a little over 30 million barrels a day. US Production is about 8.5million now and perhaps was planned to go to over 9 million in a year or two.
Oil of course if fungible so whether we technically actually export oil is moot as we import with a zero net affect over all.
The point of my commentary was in response to a question about how low can the price go. IMO, if it were purely an economic thing, when equilibrium was reached in the market place between supply and demand it would be at that point.
This is not purely a market play on OPEC’s part. Their current policy seems to be to drive the marginal profit producers, read in new production in the US, out of the market and in effect make the US the swing state in setting an equilibrium price market supply heretofore with Saudi Arabia mostly.
We are not now nor will we perhaps ever become oil import free, we use far more than what may be our top production figure of 9 million barrels a day.