trendsetter
Active Member
My boat runs on thank you's and smiles.
Oil Spill-
- Thread starter salmonkiller01
- Start date
My boat runs on thank you's and smiles.
GLG
Well-Known Member
Wrong..... The bitumen in the keystone pipeline is for export to China not for US consumption. Same with the Gateway project. To say that because we use oil therefore it's OK to ship bitumen to China a weak argument. But then again I suspect you know this and have your own agenda.
Lank Thompson
Member
A quote copied from the USEIA (Energy Information Administration).
"EIA is not able to track how much domestically produced crude oil and other liquids are exported in the form of refined products. The small quantity of crude oil produced in the U.S. that is exported, nearly all to Canada, may actually be returned to the U.S. as refined products."
Also, the US has regulations forbidding oil exports. None to china allowed.
"Crude exports are governed by the Export Administration Act of 1979, which gives the president the authority to ban or curtail the export of commodities thought to be in short supply. While certain exceptions have been granted, most U.S. energy companies are unable to export crude to foreign countries besides Mexico and Canada."
No hidden agenda here. Just facts taken from US government public information. Facts are not used very often in oil debates. Usually just emotion and opinion.
"EIA is not able to track how much domestically produced crude oil and other liquids are exported in the form of refined products. The small quantity of crude oil produced in the U.S. that is exported, nearly all to Canada, may actually be returned to the U.S. as refined products."
Also, the US has regulations forbidding oil exports. None to china allowed.
"Crude exports are governed by the Export Administration Act of 1979, which gives the president the authority to ban or curtail the export of commodities thought to be in short supply. While certain exceptions have been granted, most U.S. energy companies are unable to export crude to foreign countries besides Mexico and Canada."
No hidden agenda here. Just facts taken from US government public information. Facts are not used very often in oil debates. Usually just emotion and opinion.
refined products are destined for China or any market that has the bucks necessary to make the purhase. with the US now producing more petroleum products than are being consumed, export is in full swing. the tar sands is destined for China or other asian markets just as soon as the refining process is completed.
walleyes
Crew Member
Your delusional my friend,, not sure where you get your information from.
As you can see the US is as usual the biggest gluten of them all. Fact is my friend the US is producing less oil than it did in the early 70's and it's consumption has more than tripled..
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GLG
Well-Known Member
Do you have a link that say's the oil / bitumen will not be exported and only used for US consumption? It's clear that this oil / bitumen will be available for export as it going to the gulf coast. They have means to ship it to China as oil / bitumen / diesel / gas or what every. The expansion of the Panama Canal and the 1/6 full Trans-Panama Pipeline sure do leave a lot of room for that petroleum to escape to China.
http://www.eia.gov/countries/regions-topics2.cfm?fips=WOTC
interesting graph, from 2010. in 2013, more product is being produced domestically than is being used. this is due to the expansion of fracking. and as i said, there is no prohibition on exportation of refined petroleum products. what was clear when the pipeline debate first started was the refining capability for bitumen currently exists in Texas and that is the motivation for this entire gong show. there were several articles when all of this first started indicating that contracts for this product had already been signed with China. the tar sands is not destined for domestic use in the US, its an export product at a considerable profit.
Lank Thompson
Member
Once it is a refined product the excess is sold to whomever will take it. The fuel is the bulk of what is needed domestically. As of Feb 2013 the US still imports 7 million boe/day of foreign oil. 45% of US consumption. The biggest reason for decline in consumption (therefore importation) is a slow economy (won't last forever) and conversion to natural gas as a fuel. Gas still requires pipelines.
Here is a link to an article outlining it.
http://www.cnbc.com/id/100450133
Here is a link to an article outlining it.
http://www.cnbc.com/id/100450133
walleyes
Crew Member
I know what their forecasts are.. The US oil production forecast for 2013 even with all the FRACKING is still around 10.6m/bbl/day they consume close to 20,, where is the excess ?? Yes they sell oil,, because the US doesn't own the oil,, oil comapnies do,, they can sell their prodct to whom ever they choose to the highest bidder. Its all good trading ethics is all.. Same as Canada look at our production vs consumtion yet we still buy oil,, its just good buisness. But I still don't know what this all has to do with a pipeline running south,, dream all you want, listen to all the propaganda you will,, that line will be built south because investors will see to it.. The money that is up in our oil sands is not Canadian money its all foreign money,, makes no difference to me,, Chinese or Merican your all foreigners as far as I'm concerned.. And well I have what you NEED you will have to get it from us you have no choice your country has to much money invested here not to get it out lol.. A line will be built either west or east out of Alberta regardess how much noise is made,, a few discruntled socialist's won't hold up two nations,, sorry won't happen,, not for long anyways.
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