Posted on 03/28/2011 5:00:18 AM PDT by thackney
I assumed the poster who stated that some crude goes to japan was correct - I see he retracted that.
Your comment “Make that none” I presumed was a statement that we should not export any crude to japan, rather than a correction of the poster that said that crude goes to japan.
If you say it all goes to the west coast I believe you.
My point was environmentalism sending planned West Coast Petroleum facilities (LNG and others) to Mexico - and was commenting on the impact to information that wasn’t correct.
NO problem. If you are interested, the oil crude oil we currently export is to Canada. And that is a small amount due to location of field versus closest refinery. The net is more to us from Canada.
Crude Oil Exports by Destination
http://www.eia.doe.gov/dnav/pet/pet_move_expc_a_EPC0_EEX_mbblpd_a.htm
What bothers me is that when a spread develops that’s sufficient size enough to be exploited for profit, it will be. Problem here is the side to be resolved is the downside, and once it is we can expect gasoline from WTI refineries to move up to get in line with the coasts, meaning higher prices for us all.
That is why pipeline gets built, ports get expanded, tankers get built.
Do you really expect oil companies to keep drilling in an area where the prices are depressed from their other choices for drilling?
That’s not my point. My point is that gas prices are artificially low, and when they’re resolved it will be a shock to the economy, one we don’t particularly need right now.
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