Current Events > Can someone explain why we export oul from the USA?

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skermac 11/23/21 12:30:40 PM #1:	I mean I thought we drill here to reduce reliance on foreign oil, but it seems we actually export oul to other countries, I assume they make more money selling to foreigners than at home, so much for not needing opec anymore --- To the edge of the universe and back, endure and survive <cite>skermac posted [p:960274212] in Can someon... [t:79775010]...</cite> <quote>I mean I thought we drill here to reduce reliance on foreign oil, but it seems we actually export oul to other countries, I assume they make more money selling to foreigners than at home, so much for not needing opec anymore </quote> ... Copied to Clipboard!
skermac 11/23/21 12:30:59 PM #2:	Title edit oil --- To the edge of the universe and back, endure and survive <cite>skermac posted [p:960274220] in Can someon... [t:79775010]...</cite> <quote>Title edit oil </quote> ... Copied to Clipboard!
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skermac 11/23/21 12:34:21 PM #4:	DuranOfForcena posted... probably arbitrage I dont know what that is --- To the edge of the universe and back, endure and survive <cite>skermac posted [p:960274344] in Can someon... [t:79775010]...</cite> <quote>DuranOfForcena posted... </cite> <quote>probably arbitrage</quote> I dont know what that is </quote> ... Copied to Clipboard!
theAteam 11/23/21 12:35:40 PM #5:	I don't think the oil companies in the US care much about the country being self-sufficient compared to profits from exports. --- Buffalo Bills Season Prediction: 13-4 Season: 6-4 Week 11: @ NO (Thanksgiving) <cite>theAteam posted [p:960274383] in Can someon... [t:79775010]...</cite> <quote>I don't think the oil companies in the US care much about the country being self-sufficient compared to profits from exports. </quote> ... Copied to Clipboard!
Solar_Crimson 11/23/21 12:35:44 PM #6:	$$$ --- I often wonder if we are growing as a people... or in fact, regressing. <cite>Solar_Crimson posted [p:960274384] in Can someon... [t:79775010]...</cite> <quote>$$$ </quote> ... Copied to Clipboard!
skermac 11/23/21 12:39:53 PM #7:	theAteam posted... I don't think the oil companies in the US care much about the country being self-sufficient compared to profits from exports. probably correct but we shouldnt be lied to about domestic drilling reducing dependence on foreign oil when we arent really dependent on it, if we were dependent the government would not allow exporting it I think --- To the edge of the universe and back, endure and survive <cite>skermac posted [p:960274510] in Can someon... [t:79775010]...</cite> <quote>theAteam posted... </cite> <quote>I don't think the oil companies in the US care much about the country being self-sufficient compared to profits from exports.</quote> probably correct but we shouldnt be lied to about domestic drilling reducing dependence on foreign oil when we arent really dependent on it, if we were dependent the government would not allow exporting it I think </quote> ... Copied to Clipboard!
Solar_Crimson 11/23/21 12:41:23 PM #8:	skermac posted... probably correct but we shouldnt be lied to about domestic drilling reducing dependence on foreign oil when we arent really dependent on it, if we were dependent the government would not allow exporting it I think They lie because your average joe will buy it and go on with his day. --- I often wonder if we are growing as a people... or in fact, regressing. <cite>Solar_Crimson posted [p:960274556] in Can someon... [t:79775010]...</cite> <quote>skermac posted... </cite> <quote>probably correct but we shouldnt be lied to about domestic drilling reducing dependence on foreign oil when we arent really dependent on it, if we were dependent the government would not allow exporting it I think</quote>They lie because your average joe will buy it and go on with his day. </quote> ... Copied to Clipboard!
g980 11/23/21 12:45:29 PM #9:	If we suddenly couldnt purchase foreign oil, we would use domestic oil more Just because we arent now doesnt mean we arent reducing dependence --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:960274671] in Can someon... [t:79775010]...</cite> <quote>If we suddenly couldnt purchase foreign oil, we would use domestic oil more Just because we arent now doesnt mean we arent reducing dependence</quote> ... Copied to Clipboard!
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DirkDiggles 11/23/21 12:49:41 PM #12:	$$$ --- Intel 486, Integrated videocard, 16MB RAM, 64MB HD, 3 1/4 inch floppy <cite>DirkDiggles posted [p:960274807] in Can someon... [t:79775010]...</cite> <quote>$$$ </quote> ... Copied to Clipboard!
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DirkDiggles 11/23/21 12:55:33 PM #14:	shockthemonkey posted... Do you think that the US should nationalize the oil industry? If they do that, then they can charge how much gas is. So, no. --- Intel 486, Integrated videocard, 16MB RAM, 64MB HD, 3 1/4 inch floppy <cite>DirkDiggles posted [p:960274977] in Can someon... [t:79775010]...</cite> <quote>shockthemonkey posted... </cite> <quote>Do you think that the US should nationalize the oil industry?</quote> If they do that, then they can charge how much gas is. So, no. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 11/23/21 12:58:40 PM #15:	There are a lot of different factors. All oil is not the same, it varies quite a bit, one example is between heavy and light crude. Light and heavy crude both have a lot of demand and are used in tons of different products. The US is mostly geared toward refining heavy crude, however most of the production from the Shale revolution is light crude. We simply do not produce enough of both light and heavy crudes to meet demand, or have the infrastructure to solely refine and use all of our own oil. Building new refineries takes a ton of money, a lot of time, and environmentalists will fight you tooth and nail no matter where you put it. So no matter what, we will still be importing oil from other countries. Location of the demand is also very important. Cities and the coasts is where most the demand is, however most the oil is produced in the middle of nowhere Texas, North Dakota, etc. A lot of times it is cheaper to just ship in oil to the coasts from other countries, rather than having to pipe or truck the oil out there from the middle of the country. If we didn't export oil, this light crude would still be sitting in the ground, and global oil prices would be higher as supply would be lower. By exporting the oil to countries that want it, it lowers the global price of oil by increasing the supply. --- Hello world! <cite>AngelsNAirwav3s posted [p:960275079] in Can someon... [t:79775010]...</cite> <quote>There are a lot of different factors. All oil is not the same, it varies quite a bit, one example is between heavy and light crude. Light and heavy crude both have a lot of demand and are used in tons of different products. The US is mostly geared toward refining heavy crude, however most of the production from the Shale revolution is light crude. We simply do not produce enough of both light and heavy crudes to meet demand, or have the infrastructure to solely refine and use all of our own oil. Building new refineries takes a ton of money, a lot of time, and environmentalists will fight you tooth and nail no matter where you put it. So no matter what, we will still be importing oil from other countries. Location of the demand is also very important. Cities and the coasts is where most the demand is, however most the oil is produced in the middle of nowhere Texas, North Dakota, etc. A lot of times it is cheaper to just ship in oil to the coasts from other countries, rather than having to pipe or truck the oil out there from the middle of the country. If we didn't export oil, this light crude would still be sitting in the ground, and global oil prices would be higher as supply would be lower. By exporting the oil to countries that want it, it lowers the global price of oil by increasing the supply. </quote> ... Copied to Clipboard!
brestugo 11/23/21 12:59:35 PM #16:	Solar_Crimson posted... $$$ /thread. --- Newsom 2022 <cite>brestugo posted [p:960275116] in Can someon... [t:79775010]...</cite> <quote>Solar_Crimson posted... </cite> <quote>$$$</quote>/thread. </quote> ... Copied to Clipboard!
skermac 11/23/21 1:36:19 PM #17:	brestugo posted... /thread. I wasnt being sarcastic --- To the edge of the universe and back, endure and survive <cite>skermac posted [p:960276265] in Can someon... [t:79775010]...</cite> <quote>brestugo posted... </cite> <quote>/thread.</quote> I wasnt being sarcastic </quote> ... Copied to Clipboard!
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Current Events > Can someone explain why we export oul from the USA? (+) Yeah! (+)

Current Events > Can someone explain why we export oul from the USA?