We export almost no oil. What little we do export is typically to the closest refinery in Canada.
In my thinking the oil belongs to the state, of orgin, and also belongs, in part, to the United States as the country, of orgin.
That sounds like a communist line of thinking to me. Why would private mineral owners, and private production companies not have full ownership of their commodities? Do you think this about any other products? Should the results of your labor be controlled by others just because they want it?
Why in the world are we letting this national treasure out of our country when we are suffering from $3.80+ per gallon gasoline and $4/gal LP gas?
And what do you think is paid around the world? Do you think those that invest in production in the US should be paid less than those that invest in Qatar, Brazil or Canada? What do you think would happen to the US production rates if that was forced upon them by government?
How can we get the US to stop importing oil and use what we have have?
Exporting our expensive, light sweet oil while importing cheap heavy sour oil for use in the refineries that already spent billions upgrading so they could do sounds smart to me.
(That sounds like a communist line of thinking to me.)
It kinda does to me too, sorry. It’s a frustration with having to pay so much for what we have so much of. My economics may be poor but I’d like to see prices go down.
(We export almost no oil. What little we do export is typically to the closest refinery in Canada.)
According to wikipedia; the United States exports about 1.5 million barrels per day based on data from 2012.