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We exported half of what we're importing???

fff

Well-known member
The White House on Wednesday made a new push for expanded offshore drilling to help lower fuel prices, days after new government data showed American petroleum product exports hit record levels.

Flanked in the White House Rose Garden by his cabinet after meeting to discuss energy issues, President George W. Bush called on Congress to pass legislation before its month-long August recess to allow more offshore drilling.

"To reduce pressure on prices, we need to increase the supply of oil, especially here at home," Bush told reporters.

Bush this month lifted an executive order that had banned drilling in most U.S. waters and wants Congress to end its own drilling ban before lawmakers leave town in August.

"The sooner Congress lifts the ban, the sooner we can get this oil from the ocean floor to your gas tank," Bush said.

Critics of the offshore drilling plan noted that the Energy Department released data this week showing that U.S. exports of finished petroleum products, including gasoline, diesel fuel and jet fuel, soared to 1.592 million barrels per day in May.

The exports set a record for the month and were up 31 percent from a year ago.

Jim Greeff, deputy legislative director for the League of Conservation Voters, said the export data shows it was "misleading" for the administration or the oil industry to suggest new offshore supplies would reduce U.S. pump prices.

"The oil companies pushing for drilling is nothing more than a land grab," Greeff said.

The Bush administration says the United States needs to develop more of its oil resources to reduce its addiction to foreign crude.

Exports were equal to about half the 3.204 million barrels a day in petroleum products that the United States imported during May.

In May, U.S. oil companies shipped 183,000 barrels of gasoline a day out of the country, even as Americans saw prices at the pump steadily rise.

May's gasoline exports were almost double year-earlier levels, the most for May since 1945 when America was providing motor fuel to other countries toward the end of World War II.

U.S. exports of diesel fuel reached 444,000 barrels a day in May, a record for any month and four times higher than a year ago.

Jet fuel exports of 76,000 barrels a day in May were the second-highest level ever for the month and almost quadruple shipments from a year earlier.

"There is a real misconception that proponents of drilling are fuelling, implying that somehow this oil is going to go directly to U.S. consumers," said Julia Bovey, spokeswoman for the Natural Resources Defence Council. "The oil companies are the ones who are going to be the beneficiaries of this."

White House spokesman Scott Stanzel said oil is traded globally "so any changes we make impact the world oil market - not a separate domestic market."

John Felmy, chief economist for the American Petroleum Institute, said there was no shortage of oil products in the United States and companies were selling supplies, such as diesel fuel unable to meet U.S. clean air standards, that were not needed domestically.

"This is just rational economics," he said. "And the argument somehow that because we're exporting products that we can't use -- as being a situation that doesn't encourage domestic drilling, I don't buy one bit."

http://uk.news.yahoo.com/rtrs/20080730/tbs-uk-usa-oil-exports-9c49c44.html
 

Texan

Well-known member
Now I'm really confused. I thought you libs had been telling us how 'Big Oil' was just screwing Americans? Surely you don't mean that there is actual DEMAND for those products in other countries?

And didn't you libs tell us that there hasn't been much of an increase in world consumption? Wonder where all of that product is going? And why?

We'll continue to export refined product as long as the liberal envirowackos have so much control over every freaking part of our lives. When a refiner can sell diesel into Mexico because it's more profitable than doing what it takes to meet the sulfur standards to sell it here, whose fault is that?
 

aplusmnt

Well-known member
Texan said:
We'll continue to export refined product as long as the liberal envirowackos have so much control over every freaking part of our lives. When a refiner can sell diesel into Mexico because it's more profitable than doing what it takes to meet the sulfur standards to sell it here, whose fault is that?

Sad thing is Diesel is really the product that has the largest effect on rising prices of commodities. Diesel is what harvest the crops and diesel is what gets food and products to the market. When the EPA crazies messed with the Sulphur content and caused Diesel to be 60+ cents higher than gasoline overnight when in the past it has always been cheaper they really sent food prices, etc..... through the roofs.
 
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