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re: O&G Sector Guys/Baws/Dolls: Domestic Production. Do We HAVE To Import Right Now?

Posted on 1/9/19 at 2:01 pm to
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 2:01 pm to
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This post was edited on 10/22/20 at 7:31 pm
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 2:03 pm to
(no message)
This post was edited on 10/22/20 at 7:32 pm
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65974 posts
Posted on 1/9/19 at 2:05 pm to

Are we exporting the crude internationally and in effect importing the refined products(s) back to a great extent?
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
5532 posts
Posted on 1/9/19 at 2:10 pm to
I've seen predictions for internal combustion engine production will essentially drop to zero in 10 years
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 2:12 pm to
(no message)
This post was edited on 10/22/20 at 7:32 pm
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 2:13 pm to
(no message)
This post was edited on 10/22/20 at 7:32 pm
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65974 posts
Posted on 1/9/19 at 2:36 pm to

Right on queue I just heard on TV a man say the US is now (now) the worlds largest producer of oil. I guess for me im just sitting here wondering how we can somehow greatly reduce or even eliminate any dependence on ME oil. To become more self sufficient if ever needed.
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 2:42 pm to
This post was edited on 10/22/20 at 7:32 pm
Posted by offshoreangler
713, Texas
Member since Jun 2008
22343 posts
Posted on 1/9/19 at 2:46 pm to
quote:

I don’t believe we import gasoline


Rarely...specialty stuff.

We export quite a bit though.
This post was edited on 1/9/19 at 2:47 pm
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 1/9/19 at 2:50 pm to
The industry didn't back itself into it.

When the refineries were first built, the U.S. was not producing enough oil. That's why the majority of refineries are near coasts, to import oil, because we didn't have enough. So they were built to handle the type of oil that they could import from Venezuela, Mexico, Saudi Arabia, etc.
Posted by WalkerTrash
Walker
Member since Jul 2011
114 posts
Posted on 1/9/19 at 2:51 pm to
You have sweet crude and sour crude. Most of what is produced in the gulf is sweet crude which pretty much means it is lower sulfur. The refinery I work for is a sweet crude facility. We mainly just run crude produced in the gulf.
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
5532 posts
Posted on 1/9/19 at 3:13 pm to
This prediction was based on the take over by ev's and would be market driven not regulation driven. Presentation laid out a bunch of points but the main one was the futher development of batteries and the $/kwh decreasing rapidly
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 3:15 pm to
(no message)
This post was edited on 10/22/20 at 7:33 pm
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 3:17 pm to
(no message)
This post was edited on 10/22/20 at 7:33 pm
Posted by WalkerTrash
Walker
Member since Jul 2011
114 posts
Posted on 1/9/19 at 3:32 pm to
New York Mercantile Exchange designates petroleum with less than 0.5% sulfur as sweet.[1][2]

Petroleum containing higher levels of sulfur is called sour crude oil.
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 1/9/19 at 3:33 pm to
quote:

I guess for me im just sitting here wondering how we can somehow greatly reduce or even eliminate any dependence on ME oil. To become more self sufficient if ever needed.


you're never gonna eliminate ME oil. Reduce sure, but never eliminate.
Posted by Oilfieldbiology
Member since Nov 2016
37590 posts
Posted on 1/9/19 at 3:35 pm to
I’m confused why you’re trying to distinguish sweet versus sour. The OPwas asking about heavy versus light
Posted by GumboPot
Member since Mar 2009
119044 posts
Posted on 1/9/19 at 3:37 pm to
quote:

Why wouldn't we be retrofitting existing refineries to handle our own oil rather than someone else's?




Existing contract, markets, deals etc.

With that said, the U.S. are net exporters. We export more O&G than we import.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65974 posts
Posted on 1/9/19 at 3:52 pm to

Maybe a dumb question...

Is the issue with refining domestically sourced oil an issue with the oil itself or a is it due to the requirements of combustion engines?

In other words, does an engine require the blends
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
5532 posts
Posted on 1/9/19 at 6:11 pm to
I presentation I saw only focused on USA
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