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Message
re: EIA: US Crude Exports Reached Record High 1st Half 2023
Posted on 10/11/23 at 11:11 am to SlidellCajun
Posted on 10/11/23 at 11:11 am to SlidellCajun
quote:
We will not ever likely get to a point of energy independence though. We’d need more refineries for that and that ain’t happening.
We are a net exporter of refined products which fall into the fuels category, thus energy.
Hawaii will be a crude oil importer as long as any refineries there. It's cheaper to buy sweet crude from the Middle East and Alaskan crude isn't sweet, plus US flagged tankers cost a lot more.
On a side note, Hawaii has right of first refusal on releases from the SPR but US flagged tankers going through the Panama Canal cost way more the tankers/crude from the Middle East.
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