Posted on 05/05/2015 11:41:05 AM PDT by Opintel
The United States is edging towards an historic agreement to swap crude oil with Mexico. The deal is important as it brings some relief to US producers struggling with a light oil glut at home and for Mexican national oil company, Pemex, which is hoping to mix the lighter crude coming out of US shale fields with its heavier blend.
However, the arrangement is not just about the relationship between the US and Mexico. It’s also about broader North American energy integration. And critically, many experts see the deal as another crack in the US crude oil export ban.
The swap between the US and Mexico – if approved – will allow the US to export 100,000 barrels of oil per day to Mexico. It will not affect US imports of Mexican crude. In February this year, the United States imported 784,000 barrels of crude and petroleum products per day from Mexico.
(Excerpt) Read more at oilprice.com ...
Ping.
Can we throw in about 30 million “visitors” to sweeten the deal.
Cut a deal with Mexico and soon you’ll be dealing directly with the cartels, if you aren’t already.
I don’t see how trading 100,000 bpd of oil, for a similar amount of a different grade oil is going to completely change our energy dynamic. Or even make much of a minor change.
I think this is another example of OilPrice.com over-hyping a small amount of info. They seem to have become the Business Insider of the oil market. Lots of news with little value.
They do hyperventilate a bit.
I think the Mex energy company is owned by Mex elites that we are funding.
Pemex is a government entity. It is not a corporation.
It does have political appointees as rewards to supporters....
Explain to me what “energy dynamics” is?
Energy dynamics in this sense means ‘that this could alter American energy politics and practices’
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