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BP Finds a Way to Skirt the U.S. Crude Oil Export Ban ...
Posted on 3/6/14 at 6:59 am
Posted on 3/6/14 at 6:59 am
... by lightly "ruffling" crude hydrocarbons by the minimal amount necessary to classify them as "refined."
In so doing, it will take up 80% of a Kinder Morgan mini-plant in Houston, with Valero and Phillips 66 expressing interest in similar plants.
LINK
In so doing, it will take up 80% of a Kinder Morgan mini-plant in Houston, with Valero and Phillips 66 expressing interest in similar plants.
LINK
This post was edited on 3/6/14 at 7:00 am
4
Posted on 3/6/14 at 7:16 am to RedStickBR
cool.
Posted on 3/6/14 at 7:53 am to RedStickBR
What is the effect of this?
Posted on 3/6/14 at 7:54 am to OTIS2
quote:
What is the effect of this?
Increase production within the US.
Posted on 3/6/14 at 7:58 am to C
Would you ultimately start to see a reduction in the spread between Brent and WTI or would the exportation not be enough to make a difference in the market?
Posted on 3/6/14 at 8:14 am to Waffle House
The biggest issue with WTI is the difficultly to get it to the gulf coast oil terminals. Hence the keystone pipelines importance.
Posted on 3/6/14 at 9:39 am to RedStickBR
quote:
100,000 barrel-a-day
Wow
420,000 gallons a day? That would be around 43% of the fuel used in Louisiana a day.
Posted on 3/6/14 at 9:48 am to C
quote:
The biggest issue with WTI is the difficultly to get it to the gulf coast oil terminals.
That coupled with a refinery mismatch. Our refiners have been built with the expectation of much heavier crude.
Posted on 3/6/14 at 9:50 am to RedStickBR
It's condensate, not crude 
Posted on 3/6/14 at 11:18 am to Duck
quote:
That coupled with a refinery mismatch. Our refiners have been built with the expectation of much heavier crude.
exactly, it works in our favor to import the shitty crude we can handle and export our good stuff.
Posted on 3/6/14 at 12:29 pm to barry
I'm not an expert on oil and gas by any means, but if the ban is supposed to keep a lid on gas and oil prices, it is not working.
Posted on 3/6/14 at 12:57 pm to LSUFanHouston
quote:
but if the ban is supposed to keep a lid on gas and oil prices, it is not working.
It supposed to keep as much work here as possible. Its pro-processors.
Globally we have relatively cheap gas.
Posted on 3/6/14 at 1:21 pm to barry
quote:
Globally we have relatively cheap gas.
Significantly cheaper, compared to our "peer" countries (UK France etc). If you want real cheap gas I guess you could move to Venezuala.
Posted on 3/6/14 at 4:43 pm to Cold Cous Cous
quote:
If you want real cheap gas I guess you could move to Venezuala.
I was there about three years ago. Beautiful country and the gas was 20 cents a gallon. Yes, cents. Every national border had a junkyard next to it filled to the brim with junkheap cars seized from people who tried to smuggle gas to sell across said border.
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