re: EIA: US Crude Exports Reached Record High 1st Half 2023

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Thank you for the insight

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The refinery I am in discussions with was shutdown due declining light sweet crude fields nearby. The tight shale crude now in the region is very light and decreases refinery throughput by over 35%. Over 25% reduction means bankruptcy of the refinery.

I had a deal to buy a refinery in OK in 2011 which had to shutter when the local crude sources went from around 40 API gravity to 60 API gravity. Throughput capacity declined by 30%. I had a deal to sell to Libya, via a Maltese trading company owned by a Tunisian, for a 15,000 BPD refinery for a 40 API low sulfur crude near the Tunisian border. Daffy Duck was overthrown, and what turned into 200+ Blood and Crips made any investment there quite stupid if achievable at all.

In addition, a major pipeline nearby switched from WTI crude to Canadian heavy crude going from Cushing to Borger after Phillips66 in Borger reconfigured to dilbit (a blend of WCS, West Canada Sour, and diluent, which is usually naphtha, unfinished diesel, or Eagle Ford crude) FWIW, Eagle Ford crude was shipped from Corpus to LOOP then pipelined up Capline to near Chicago then pipelined to Canada by Enbridge to use to blend with Canadian very heavy produced crude, 10-12 API gravity (or like tar) to make the very heavy crude flow down pipelines. The produced crude in Canada is from drilling horizontal wells for steam to be put into the formation and flow very heavy crude out of the formation via another well.

Look, I don't expect very many on this entire website to understand shiite from shinola about crude oil and refining, but they throw a lot of shiite in these discussion because they don't know shiite from shinola about it. Some might be from the oil patch, some might be from refining, but there is a bigger picture than what they see.

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We are a net exporter of crude oil

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The OP article literally says the 180 degree opposite of that...it explicitly states NET crude oil importer meaning it's factored in all the variables...not Gross...it says Net.

This is also a slap in the face of all those previous posters I mentioned. That's why they haven't responded with notiger1997 only able to muster up an LOL because he's embarrassed. The chatty Cathy fighting tigers idiot also is crickets as well. They've spent months calling others like me an idiot for even suggesting we need to refill the emergency crude oil reserves because of this phantom notion that the US is a net (not gross) crude oil exporter.

Do you have a real point? Would you be more excited if everyone turned into sky screamers on the subject and acted like we have no oil and gas and the world is about to crash and burn?

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Do you have a real point? Would you be more excited if everyone turned into sky screamers on the subject and acted like we have no oil and gas and the world is about to crash and burn?

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We import crude oil only for the needs of refineries. If all that refineries made profit on was gasoline, jet fuel and diesel, then no imports needed. The prices of those three commodities would increase without other products being sold

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Do you have a real point?

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I know reading comprehension can be a little tough as my point was clearly stated a whopping 2 posts up from yours. Let me slow it down for you and re-state it so that you can gnaw on that bone: We need to re-fill our emergency reserves because the US is not a net crude oil exporter...a concept that you and your little gang have regurgitated here for months only now to look like a fool.

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we should believe the chest pounding that we were "energy independent" under Trump.

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You're in good company because Trump himself never said we were energy independent under him either. He said we were on the road to energy independence under his administration. Every damn post you make, there are nuances to it. You can't even quote our former president correctly. Jesus Christ man.

LOL
The energy independent comment has been posted 1400 times on here.

I mean we still are “on the road” to energy independence and we are closer than ever. We produce more oil than any other country and new domestic sources of energy are coming online every single day.

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Importantly, after decades of rising energy costs, the United States had finally attained the impossible dream of American energy independence, which soon would’ve turned into energy dominance.

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From former President Trump’s 2024 campaign announcement transcript.

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Also, reading through, noticed this that he also said:

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As we speak, inflation is the highest in over 50 years, gas prices have reached the highest levels in history, and expect them to go much higher now that the strategic national reserves, which I filled up, have been virtually drained in order to keep gasoline prices lower just prior to the election.

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Yet according to the graph in this article (I don’t know how to post pictures here), looks like the SPR had less in it when President Trump left office than when he arrived.

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Of course, wouldn’t be the first time a politician has lied or “misspoke” to the American people, and I’d still prefer him in the White House over Biden. But still interesting nevertheless.