Skip to comments.Rising U.S. Crude Output Sparks Race to Build Export Terminals
Posted on 11/01/2018 8:36:40 PM PDT by Oatka
A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields.
On Monday, private equity firm Carlyle Group became the latest to place a bet, proposing with the Port of Corpus Christi what it said would be the first onshore U.S. export facility able to load the worlds largest crude tankers.
(Excerpt) Read more at gcaptain.com ...
More jobs. Winning!
I wonder which Chinese state-owned firms will get the contract...
Good news anyway.
To bad we export oil other wise we would probably be at < $2.00/gal by now instead of $3.00+. We pay a 50% premium for the exporters....
Maybe some States should be cutting their gas taxes.
CNN: Why American construction jobs may harm the US.
Different grades of crude refine to yield different percentages of products. Refineries are engineered for certain feed-stocks to maximize certain product yields. Putting the wrong grade of crude in the front end would skew the yield of the valuable products and generate waste products.
Gulf coast refinery set up for Venezuelan heavy have sourced other heavy oil from Canada to compensate for the decline of PDVSA. U.S. exports some light bodied shale crude to European refinery. Some is blended with other crude oil sources. It’s a balancing act.
Where’s my $1,98 gas?
The solution is to screw the US consumer and not refine the lighter stuff here. I get it.
“Wheres my $1,98 gas?”
7/11, burrito aisle.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.