US oil EXPORTS up 33 percent over last year!!!!

[Windy]

http://www.forbes.com/reuters/feeds/reuters/2008/07/03/2008-07-03T184028Z_01_N02435397_RTRIDST_0_USA-OIL-EXPORTS-ANALYSIS.html


Reuters
ANALYSIS-US oil firms seek drilling access, but exports soar
07.03.08, 2:40 PM ET


United States - By Tom Doggett
WASHINGTON3 (Reuters) - While the U.S. oil industry want access to more federal lands to help reduce reliance on foreign suppliers, American-based companies are shipping record amounts of gasoline and diesel fuel to other countries.

A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department.

The surge in exports appears to contradict the pleas from the U.S. oil industry and the Bush administration for Congress to open more offshore waters and Alaska's Arctic National Wildlife Refuge to drilling.

"We can help alleviate shortages by drilling for oil and gas in our own country," President Bush told reporters this week. "We have got the opportunity to find more crude oil here at home."

"As a nation, we can have more control over our energy destiny by supplying more of the oil and natural gas we'll be consuming from resources here at home," Red Cavaney, president of the American Petroleum (otcbb: AMPE.OB - news - people ) Institute, said in a letter last week to U.S. lawmakers.

But environmentalists and other opponents to expanding drilling areas could seize on the record exports to argue Congress should not open more acres if U.S. refineries are churning crude oil into petroleum products that are sent out of the American market.

MORE AT LINK ABOVE!!!

[AndyTiedye]

1. k/r

:kick:

[Tideliner]

10. Obama Energy Plan Drives Dismal Polling

Since Obama refuses to support Nuclear Power Plants, and the tapping of domestic of fields, his numbers in the polls have been taking a significant plunge. GOD I HOPE HE SMARTENS UP SOON, or we're in for 4 more years of a Republican. This is an issue that will decide the election.

[AndyTiedye]

11. The People Don't Want Nukes, and the Oil Companies Aren't Using the Leases They Have

[FogerRox]

24. Excuse me, I believe you are in error

Obama: It is unlikely that we can meet our aggressive climate goals if we eliminate nuclear power from the table.

Source.

Oabama: When asked by CNN's John Roberts..... "It has to be part of our energy mix."

Source.

Sens. John McCain (R-Ariz.), Barack Obama (D-Ill.) and Hillary Rodham Clinton (D-N.Y.) - all presidential candidates - support legislation that would ... provide incentives to power companies to build more nuclear plants.
Source.

http://www.youtube.com/watch?v=TjDmyToTYBE

I believe we should explore nuclear power.

http://www.youtube.com/watch?v=xRxl2cVFTLw

Nuclear power should be in the mix.

[Subdivisions]

2. And there it is... K&R ... n/t

[tekisui]

3. Drill, Drill, Drill. So America can be....

an exporter?

[CountAllVotes]

4. well now we know why the price

has gone up at least 33% since last year don't we! :mad: :mad: :mad:

:kick: & recommend!!!

[dysfunctional press]

8. did you bother to read the entire article...?

you might want to.

[Windy]

5. absolutely amazing isn't it...but is anyone really shocked? nt

[Raster]

6. Yessiree, the Texas-American Petroleum Mafia wants to drill in ANWAR

and offshore SO THEY CAN SEND THE OIL TO FOREIGN COUNTRIES. They can demand a higher price from foreign countries for the oil taken from American oil fields then they can get at the American pump. And make no mistake, the Texas-American Petroleum Mafia may wrap themselves in the American flag, but it all comes down to profits--FOR THEMSELVES. The Texas-American Petroleum Mafia gets money from the US government to subsidize their exploration AND their production. They drill on US public lands. They avail themselves of US Government technologies (satellite, oceanographic) and yet, a large percentage of the petroleum they produce is exported because of higher profit potential. In other words, you are helping foot the bill for big oil--exploration, production, etc.--and you are paying higher prices at the pump so they can maintain their HIGH profit margins. Are you feeling screwed yet?

And, for the love of God, will someone please explain how and why having two unscrupulous oil men in the White House is a good thing?

[pampango]

12. What should be be allowed to export? Not refined petroleum products, apparently.

Anything that we export is, by definition, taken away from the domestic market, which puts upward pressure on prices here. Should we not export gasoline, corn, Boeing jets, or anything else (we are the third largest exporter in the world after Germany and China).

China exports goods to us, because we pay more than they can get locally. Some of our refined petroleum products are exported because we can get more from foreign countries than we can get locally. Boeing exports a lot of its jets because they can get more than just selling them all within the US. Canada exports oil to us, because it gets more than if it only sold its oil within its own borders.

[Raster]

14. Petroleum is now a critical resource in the US. CRITICAL!

Not one drop of petroleum that has been subsidized by the US government should be exported. Not one drop of petroleum produced from public lands should be exported. In short, because of its critical nature, any petroleum or petroleum-based product that has been subsidized by the taxpayer in ANY SHAPE, FORM OR FASHION should not be exported without fair and adequate due compensation to the American public. IF AT ALL!! Whom does the exportation of US-subsidized petroleum benefit? The American citizen? The American economy? NO, NO, NO, A THOUSAND TIMES NO! It benefits the Texas-American Petroleum Mafia. And they have had their greasy, oil-covered hands in the Americans citizen's wallet for FAR TOO LONG!

Wake up America!:kick:

[pampango]

17. Is the US the only country that should not export petroleum products? Are we exceptional in that

regard? Perhaps Canada or Mexico or Venezuela should not export oil to us, since it is such a critical resource.

Whom does the export of any good or commodity benefit? Most directly it benefits the one that makes it, mines it, grows it, refines it, etc. Should we ban exports of food, aircraft, computers and many other things, since flooding the US with those extra goods would reduce prices dramatically - at least until production was cut back due to decreased profitability?

Some here at DU argue that increased oil production in the US wouldn't reduce prices because the oil would be sold on the world market at world prices. There is a lot of truth in that. Why would restricting oil exports accomplish more than increasing our own oil production would?

[Raster]

18. The policies of the other countries are not my concern. It is up to the citizens of those countries

to decide those policies, as it should be in the United States. Unfortunately, the Texas-American Petroleum Mafia is making those decisions for us and other countries. We need to separate the needs of the Petroleum Mafia from the needs of the country. Contrary to official opinion, the two are not the same.

Again, American petroleum is subsidized by the US government in ALL PHASES OF ITS PRODUCTION. That means it is subsidized by you and me and then exported to foreign countries for profits for the Petroleum Mafia. We receive little to no benefit for our petroleum.

And finally, every barrel of oil imported signifies American capital that is LEAVING THE COUNTRY. We are being bled dry. It's time to staunch the bleeding.

[pampango]

19. Every export from the US represents capital leaving the country, just as every import is capital

that left the country of origin on its way to the US. To productively use capital in an economy one would hope use it to produce something, e.g. a 747, a bushel of corn, a barrel of oil, that someone will pay you money for, hopefully more than it cost you to make it. If your business is to prevail you then use some of this money you've been paid to continue the production process in the next cycle.

Perhaps we all should care what other countries do. A few decades ago we didn't care what China did economically, because they essentially had no economy under Mao, certainly not an economy that had any effect on American consumers. That has dramatically changed now, largely due to internal changes in China, but also due to policies that we have pursued with them.

If we make the unilateral decision to stop certain exports or tax, or otherwise limit, certain imports, we should not be surprised if other countries react in a similar way. If we decide to stop petroleum exports to Canada or Mexico, along with the rest of the world, and they, in turn, stop exports of oil to us, we perhaps will be no better off than before we stopped our petroleum exports.

I receive little or no immediate benefit from Boeing's export of jet planes to other countries or the farmer in Nebraska who exports corn or soy beans. Unless you work for Boeing or own its stock or are that farmer in Nebraska, you don't benefit from it either, even though our government subsidizes agriculture and undoubtedly has bestowed a tax break or two on Boeing.

[Raster]

20. Ah, but you don't take one small point into consideration. Oil--petroleum--is the lifeblood

for this society. It is not jets, nor timber, nor soy beans. It's Petroleum. Petroleum is no longer just a commodity to be sold to the highest bidder, or at least should not be. Not any more. And to leave its control in the hands of the Texas-American Petroleum Mafia is to continue to invite its exploitation for private commercial profit. Profit is no longer the prime objective. For us or any other country.

[pampango]

21. I understand your point about oil being the lifeblood of the economy, but if we stop exporting oil

other countries may do the same and we would be worse off because we import more than we export.

If we are going to survive on just the oil that we produce ourselves, we are going to have to cut our oil usage in half ASAP. My guess is that the cost of a gallon of gas would skyrocket if we cut the amount of oil available to the economy in half tomorrow, by prohibiting exports and imports and relying on what we produce ourselves. (Of course, we refuse to buy Canada's oil, they may refuse to buy our planes and other goods which will make it tough on those industries.)

[Raster]

27. Another distinction: the petroleum industry in both Mexico and Venezuela is state-owned...

and provides revenue for running the government. The US petroleum industry--although heavily subsidized by government--is private and provides NO REVENUE to the government, except for taxes, which are also subsidized.

I am not suggesting we stop buying anyone's oil. At least not now. If other countries wish to export their petroleum, great.

I also believe its time to begin nationalizing the US petroleum industry. The Texas-American Petroleum Mafia has made a profit off of a shared, natural resource for far too long.

[Raster]

16. Free market capitalism = carnivore capitalism.

It's that simple.

[alfredo]

7. Make sure everyone on your mailing list gets this.

[TahitiNut]

9. "... REFINED petroleum products ..."

That's the output of REFINERIES, not wells. It indicates we have excess refinery capacity and export the excess production. Clearly, however, the crude that's imported corresponding to that production should not be counted as 'U.S. consumption."

[spinbaby]

22. I thought we had some kind of a refinery shortage?

Or at least last spring that was one of the reasons given for high gas prices.

[FogerRox]

25. No, it indicates we live in a global economy.

Somebody was willing to pay more for those refined products, thats all.

[B Calm]

13. People are waking up and now know they have been had by a scam!

[El Pinko]

15. Exporting REFINED petroleum.

Those refined petroleum are made with IMPORTED crude.

thousands of wells across America still sit capped and fallow since the 80s...

[Vidar]

23. Time for some CEOs to meet Mme. de la guillotine! Sadly alas only in my dreams.

[indepat]

26. If I were dictator, I'd jawbone with the oil giants to curtail exports of oil: if that didn't work,

I'd simply have them shot for its easier being dictator. :D