Ted Cruz causes headaches for Republican senators with repeal of oil export ban

Examiner ^ | January 18, 2015

[MaxMax]

Remove oil regulations and the Oil companies would have an easier time showing a profit
with low crude pricing. Just a thought.

[SunkenCiv]

Instead of repealing Obamacare or curtailing immigration, Cruz is proposing an amendment to the Keystone XL Pipeline authorization bill that would lift the 39-year ban on crude oil exports.

[duffee]

“The question, which many Republican senators have, is this the right time and is Keystone XL the right vehicle?”

The rinos probably believe it better to wait until it’s proposed by the obama administration or at least democrat leadership.

[SoConPubbie]

Instead of repealing Obamacare or curtailing immigration, Cruz is proposing an amendment to the Keystone XL Pipeline authorization bill that would lift the 39-year ban on crude oil exports.

Deceptive Statement Alert!

Now just who has it been advocating, both by his statements and actions, for the repeal of ObamaCare, up to and including, pushing for defunding Obamacare????

Well, that would be the one and only Ted Cruz!

[Kickass Conservative]

Heaven forbid the Government does something to lower the Trade Deficit. /s

[SunkenCiv]

Hey, you posted it. :’)

[Kickass Conservative]

Using the logic of the Polling Numbers, I guess exporting ANYTHING from the United States would raise pieces here.

That would include Meat, Electronics, Automobiles and Fruit and Vegetables to name a few.

But hey, you can’t fix Stupid. Obama proves that every day.

[Kickass Conservative]

PRICES!

[Sirius Lee]

Oil is a global commodity. The more that is pumped into it globally, the closer you get to true discovery of its market value.

[piytar]

Almost impossible thanks for fedgov regulations.

[duffee]

“It makes no sense not to be able to export.”

Whether or not it makes sense really has no bearing on the issue, we are talking about government.

[SoConPubbie]

Hey, you posted it. :’)

Yes, you are right. But you posted a deceptive comment without any context. Shame on you!

It is a time-honored FreeRepublic tradition to post both the good and bad about someone, but it would be nice to provide some context, if you can.

[thackney]

Yes, in all those new, modern, state-of-the-art refineries we've built in the last decade...

US major refineries are in nearly constant improvements and upgrades. In many, the only thing as old as the original build is the main road base and the plaque near the gate.

[thackney]

Build more refineries!?

We already refine more than we use and export the surplus.

The US has spent billions upgrading refineries to process the cheaper heavy sour oil. Why is importing the cheap stuff and exporting the expensive stuff a bad idea?

[thackney]

The US does export some Alaskan oil

From 1996 to 2000, about ~5.5% of the oil produced in Alaska was exported during the West Coast oil glut. Since then nearly no Alaskan oil exports.

[dalereed]

The government won't allow more refineries and even if they did their regulations would make it unprofitable.

There is a brand new refinery sitting idle in California for more than 40 years because the enviros won't let it be used.

You idiots don't realize that the purpose of this government is to make the population immobile so that they can be totally controlled!

[thackney]

There is a brand new refinery sitting idle in California for more than 40 years because the enviros won't let it be used.

Would you provide more info on that please?

[dalereed]

On the coast near Camarillo, built by Occidental Petroleum.

[Beagle8U]

If we refine more than we use, and now want to export crude, why are we importing any crude from the middle east?

That doesn’t make sense.

[thackney]

We import about 7 million barrels a day of crude oil for our refineries, in addition to the crude we produce ourselves.

But all crude is not the same. The industry has spent many billions of dollars upgrading the domestic refineries to use the heavy sour crude. It is the cheapest per barrel while containing more BTUs per barrel. Canadian oil sands for example.

Most of our increased crude oil production comes from light sweet. It makes sense to keep importing the cheap stuff that efficiently runs in our refineries while exporting the expensive light sweet.