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Senate panel passes bill lifting crude oil export ban
Fox News ^ | July 30, 2015 | Associated Press

Posted on 08/03/2015 4:47:59 AM PDT by thackney

A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration.

Republican Lisa Murkowski of Alaska, chairman of the panel, championed the plan to lift the restrictions. It passed by a party-line vote of 12-10.

Murkowski said lifting the ban would turn the U.S. into an energy superpower.

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events; US: Alaska
KEYWORDS: alaska; energy; export; globalwarminghoax; lisamurkowski; methane; oil; opec; petroleum; popefrancis; romancatholicism
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To: ConservativeDude

Correct


41 posted on 08/03/2015 6:34:22 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

I was being facetious, but unlike crude oil, wheat can be used for other things besides bread. Crude oil doesn’t spoil, so it can be left in the ground if the prices gets too low, but wheat has to be used or it goes bad, so the product would find it’s way into other market sectors where it wasn’t used before, because it was too expensive, like animal feeds......................


42 posted on 08/03/2015 6:40:56 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: EQAndyBuzz

I doubt this bill will pass the environazi’s desk in the WH..................


43 posted on 08/03/2015 6:42:15 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: Red Badger
so it can be left in the ground

Then it is not being produces. When an oil company shuts down production on a oil lease, they lose the lease. Often they can pay penalties to keep the lease without production.

But cash flow is king. Most cannot afford to spend $6~10 million on a well and not flow the oil and receive some payment.

44 posted on 08/03/2015 6:44:42 AM PDT by thackney (life is fragile, handle with prayer)
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To: FreedomStar3028

No, do what the Dems would do. Attach it to another bill that they want funding for and we are generally against. That way if he vetos one he kills the other. This is what the party in the MAJORITY gets to do. The Dems did it to us for years. Why do we not do the same?


45 posted on 08/03/2015 6:48:16 AM PDT by woodbutcher1963
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To: central_va
USA should be increasing the refining capability to handle light sweet instead of shipping it overseas.

Increasing refining capability to handle sweet light is a great idea, but why not do both?

46 posted on 08/03/2015 6:51:39 AM PDT by mac_truck (Aide toi et dieu t aidera)
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To: mac_truck

If you give the “captains of industry” a short term easy way out, they will take it.


47 posted on 08/03/2015 6:57:55 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: thackney

Looks like giving domestic US oil producers access to world markets would add to the glut of oil already on the world market, especially since Iranian oil will now be openly traded as well, further depressing the price and tending to drive the frackers out of the market...................


48 posted on 08/03/2015 7:00:16 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: ConservativeDude
Ethanol is used to "save gas" by reducing consumption of pure gas. It is an additive that burns less efficiently than pure gas and you actually reduce mpg. though to a slightly lesser extent than the volume used by displacing the same amount of pure gas. In this sense it is not a blending agent such as they use for winter and summer formulations or to meet emissions limits.

The farmers like it because they sell corn to the distilleries rather than to the food (or whiskey) producers. Corn based food costs more since this is removed from the supply chain of grain available to make food.

49 posted on 08/03/2015 7:29:24 AM PDT by outofsalt ( If history teaches us anything it's that history rarely teaches us anything.)
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To: Red Badger

You think Iran should be allowed to export oil but not Texas and other states?

We need to be on equal footing or other nations will receive more investment for oil production.

Having more opportunities to sell will not hurt the US oil industry.


50 posted on 08/03/2015 7:32:55 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Our people should have all access to whatever market they want to access. Iran’s oil was probably on the market anyway, disguised as some other source...........................


51 posted on 08/03/2015 7:40:04 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: central_va
Dude you are lying.

You accused me of lying. You have not responded to what what statement you claim is a lie and you continue posting on other threads.

Defend your attack on me or admit it false.

52 posted on 08/03/2015 7:43:05 AM PDT by thackney (life is fragile, handle with prayer)
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To: outofsalt

good clarification...ethanol is best described as an additive, not a blending agent....


53 posted on 08/03/2015 8:04:00 AM PDT by ConservativeDude
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To: thackney

central_va is nothing but a troll or incredibly ignorant.


54 posted on 08/03/2015 11:13:02 AM PDT by bestintxas (every time a RINO loses, a founding father gets his wings.)
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To: FreedomStar3028

I do get it, I am very aware of what you have said.

But that doesn’t, or should not prevent us from trying though.

You won’t reach all of them, but there will be those who might be redeemable.


55 posted on 08/03/2015 8:48:59 PM PDT by American Constitutionalist (Truth is a priceless commodity worth more it's weight than Gold, GOP plays with fools gold)
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