[Nifster]

And I referred to refineries earlier. Your chart does not show substantial growth in refinery output over the last four years (it in fact is flat). Moreover, my comment about oil part of shale was in response to statistics about natural gas portions of shale.

And while petrol is indeed fungible who in their right mind would send our product overseas when prices in the US are helping to kill the economy.

The reality is that O is effectively shutting down coal. He has cancelled drilling in the Gulf of Mexico ( by US companies). The EPA keeps challenging any effort at producing energy other than solar or wind.

[thackney]

Your chart does not show substantial growth in refinery output over the last four years (it in fact is flat).

Because demand has fallen in the same time frame, not grown. We already produce more than we use. How much over production do think is needed?

Please note this chart above includes natural gas liquids, currently about 2.3~2.5 MMBPD.

Moreover, my comment about oil part of shale was in response to statistics about natural gas portions of shale.

I do not understand, can you clarify?

And while petrol is indeed fungible who in their right mind would send our product overseas when prices in the US are helping to kill the economy.

So you want us to idle more refineries, rather than keep the jobs in the states and help our trade balance?

The reality is that O is effectively shutting down coal.

How does that relate to the topic?

He has cancelled drilling in the Gulf of Mexico ( by US companies).

Some of it yes, and slow down all of it. Which answers your original question on this conversation:

But of course nop company can get a permit to get to the stuff so what difference does it make?

We are getting permits because they are not federal land. Even with the Gulf Slow-down, this shale resouces has resulted in the US total oil production to grow. It is making quite a difference in jobs and energy production.