Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
USA a net exporter of petrolium products!!!
Old 12-01-2011, 06:52 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,337
USA a net exporter of petrolium products!!!

According to the WSJ, the USA was a net exporter of petrolium energy products in September. 3.1 million going out every day, and 2.2 million coming in.

http://online.wsj.com/article/SB1000...ORDS=Petroleum

How did this happen?
__________________

__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-01-2011, 07:05 PM   #2
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Quote:
Originally Posted by Chuckanut
According to the WSJ, the USA was a net exporter of petrolium energy products in September. 3.1 million going out every day, and 2.2 million coming in.

http://online.wsj.com/article/SB1000...ORDS=Petroleum

How did this happen?
Lots of refinery capacity. We're still a net importer of crude oil, about 8 million barrels a day, but we have surplus refining capacity. PADD5, the West Coast refining district, is running about 75% of operable utilization. They're busily cracking oil into gasoline, diesel, and jet fuel for Asia.

http://www.eia.gov/dnav/pet/pet_pnp_..._yup_pct_w.htm
__________________

__________________
M Paquette is offline   Reply With Quote
Old 12-01-2011, 10:59 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,387
Quote:
Originally Posted by M Paquette View Post
Lots of refinery capacity. We're still a net importer of crude oil, about 8 million barrels a day, but we have surplus refining capacity. PADD5, the West Coast refining district, is running about 75% of operable utilization. They're busily cracking oil into gasoline, diesel, and jet fuel for Asia.

Refiner Operable Capacity Percent Utilization
Should be good for tank farms, ports, and pipes.

Thank the Lord for software and airplanes and weapons. Otherwise, all we can do is sell food and do low value--added commodity tasks like refining.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 12-02-2011, 07:34 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,649
We are shipping a whole lot of LNG with an order of magnitude more in the pipeline. There we are producing and exporting. The industry claims that those flaming faucets were flaming all along because of ground level gas - not due to fracking.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 12-02-2011, 10:19 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,293
Mexico sends us their crude to refine because they do not have the refining capacity. They never bothered to make the investment. Fine with me.

There is a big whoopla in DC about creating obstacles to an Alberta pipeline to bring their (GASP!) Dirty Oil to the US. The Canucks really want to put one due west to send it to China, but every hand in BC is against that. (Their morons have more influence than our morons. It is a very P.C. place up there.) The best way is to keep it in Alberta and go straight south. And it will. Watch for Hardesty Heavy to come your way soon.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Net Present Value of State Government Pension and Social Security Benefit nico08 FIRE and Money 19 08-22-2011 12:44 AM

 

 
All times are GMT -6. The time now is 02:57 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.