Why is the United States Exporting over a Million barrels of oil per day?

Discussion in 'Business & Economics' started by joepistole, Jan 7, 2008.

  1. joepistole Deacon Blues Valued Senior Member

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    According to the World Fact book published by the United States Government why are we exporting over a million barrels of domestically produced oil if we are in such dire need of oil? Since we want to be oil independent, why are we exporting such large quantities of oil? Republicans say the solution to our energy oil import and gas problem is to produce more oil. What good does it do to produce more oil if we wind up exporting it?

    http://www.ncseonline.org/NLE/CRSreports/natural/nrgen-25.cfm

    https://www.cia.gov/library/publications/the-world-factbook/print/us.html

    Oil from Alaska is being sold to China. Why? I we let them expand production in Alaska how will that solve our oil problem? What's to stop them from selling more of it to China? A million plus barrels per day is no small potato.
     
    Last edited: Jan 7, 2008
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  3. Syzygys As a mother, I am telling you Valued Senior Member

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    Could be it is very heavy oil and exported for refining, and eventually it comes back....
    Link?
     
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  5. joepistole Deacon Blues Valued Senior Member

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  7. cosmictraveler Be kind to yourself always. Valued Senior Member

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    As I stated long ago Americans are being screwed by their own country. The companies onlky want money and will sell the oil to the highest bidder.Nice place to fight for, eh boys.

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  8. joepistole Deacon Blues Valued Senior Member

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    Why are our politicians not raising this issue?
     
  9. Xelios We're setting you adrift idiot Registered Senior Member

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    Why is Canada exporting 2.3 million barrels of oil a day to the US when gas prices here have long been higher than in the States?

    You don't have to look far to see everyone gets screwed by their own country.

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  10. joepistole Deacon Blues Valued Senior Member

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    Xelios, Canada is a net exporter. So Canada produces more than enough for domestic consumption. In the US, we consume about 20 million barrels per day and import 13 million barrels per day. And export over a million barrels per day to China.
     
  11. Neildo Gone Registered Senior Member

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    Sell high, buy low.

    - N
     
  12. Incriminating Convoy Registered Member

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    It is all part of the Jesuit Societies plan for complete deflation of the American dollar and China being the next superpower, and leaving America under the rule of the Roman Empire!
     
  13. Syzygys As a mother, I am telling you Valued Senior Member

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    I guess Canada doesn't believe in socialized energy. In most oil exporter countries the price of gas is much cheaper than the world average.... In Iran it is like 15 cents or so...
     
  14. Syzygys As a mother, I am telling you Valued Senior Member

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    Your link doesn't provide the necessery info, whom is it sold for? Could be just logistics, like in Iran:

    Instead of transporting the oil and gas from the Kaspi sea (Kazahstan, I think) to the ocean, it is used up in Iran itself in the North and they transport the oil from the Southern fields credited to the Kazahs... So they save on unnecessery transportation.

    Maybe it is simply accounting. Maybe it is for US military usage all around the world...

    OK, I have found this on a website:"Does the U.S. export oil? Surprisingly, yes - but the amount is trivial, about 20,000 barrels per day vs. our 10,000,000 and more b/d imports. All exported crude goes to Canada, where it is likely refined and sent back as gasoline."
     
    Last edited: Jan 9, 2008
  15. joepistole Deacon Blues Valued Senior Member

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    You did not open the first link provided under the first post:
    http://www.ncseonline.org/NLE/CRSreports/natural/nrgen-25.cfm

    This is a paper prepared by the National Council for Science and the Environment for Congress. It discusses where the oil is shipped and its impact on prices we pay for gasoline in the United States.
     
  16. flameofanor5 Not a cosmic killjoy Registered Senior Member

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    And yet...Life goes on
     
  17. flameofanor5 Not a cosmic killjoy Registered Senior Member

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    I say, we blame it on the Jews.
     
  18. flameofanor5 Not a cosmic killjoy Registered Senior Member

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    Because, there is stuff more important than this to discuss....
     
  19. Syzygys As a mother, I am telling you Valued Senior Member

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    Ok, it actually explains your question. VERY small amount (.5% consumed in USA) exported to Korea, Japan probably for political reasons. The rest of the 1 million barrel is either petroleum coke (28%) which is used for making steel (thus not plain old light crude) and the rest is as I guessed correctly in my first post is for refinement (thus we get it back eventually)...

    There it is your answer...
     
  20. joepistole Deacon Blues Valued Senior Member

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    syzgys that is not what the paper says...when permisson was granted to drill oil exports were not permitted. It also says that gasoline prices are higher in the US because we are exporting oil. Your comment makes no sense!
     
  21. Syzygys As a mother, I am telling you Valued Senior Member

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    That IS what the paper says, I got the numbers from YOUR link. Read it again. Question answered or contact your representative and ask this question...

    "At current levels, ANS exports amount to about 7% of North Slope output. Viewed relative to total domestic consumption of 19.3 mbd, these exports comprise less than one- half of one percent. Compared to net petroleum imports of 9.7 mbd, they are the equivalent of three-quarters of one percent. As an absolute quantity, these numbers are not particularly significant. Nevertheless, ANS exports appear to have become a focal point of legislative debate in the context of current price and supply difficulties.

    While the United States is a net importer of about 9.7 mbd of oil from abroad, it also exports considerable oil in addition to ANS crude. During 1999, nearly 900,000 bd were exported. A large percentage of this was in the form of petroleum coke (28%), which is used in making steel. Other exports are cross border exchanges of refined products, as well as some crude, with Canada (13%) and Mexico (28%). Trade in petroleum coke plus CRS-4 exports to Canada and Mexico account for 69% of U.S. oil exports. On the other side of the Canada-Mexico trade equation, these nations supply 15% and 13% respectively of total U.S. petroleum imports."
     
  22. Challenger78 Valued Senior Member

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    Like what new shoes Hillary got.
     
  23. joepistole Deacon Blues Valued Senior Member

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    Flame, you are in serious need of a brain.
     

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