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Texas Exports More Oil Than It Imports For First Time Ever

American

American

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https://oilprice.com/Energy/Crude-O...-Oil-Than-It-Imports-For-First-Time-Ever.html

The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd. Over the next month, the advantage of exports over imports welled further, to an impressive 470,000 bpd.
Total U.S. oil exports in may hit a record of 2 million bpd, with Houston-Galveston’s share of the total at a record-breaking 70 percent, from an average of about 50 percent since the middle of 2017, the EIA said.
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Sounds like good news.
 
Rexedgar said:
This is going to be a dumb question; Crude is crude is crude, as far as oil? If that is correct, why export and import?
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You know about the subject matter do you?
 
American said:
https://oilprice.com/Energy/Crude-O...-Oil-Than-It-Imports-For-First-Time-Ever.html


Sounds like good news.
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I don't know how this figures into the, uh, figures, but some of what's called 'imports' is actually also exported. Much of the oil counted as imported from Canada is refined on the Gulf Coast and then sold on the world market. The US oil sector is actually pretty healthy. Lots of people don't realize that the US dependence on oil imports has been shrinking steadily. Obama lifted the moratorium on oil exports in what, 2015?
Is that due to fracking technology? Probably.
 
Rexedgar said:
Never mind; post #4 only reinforces your well deserved reputation here.
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Maybe you should take a look at HOW you ask a question.
 
Grand Mal said:
I don't know how this figures into the, uh, figures, but some of what's called 'imports' is actually also exported. Much of the oil counted as imported from Canada is refined on the Gulf Coast and then sold on the world market. The US oil sector is actually pretty healthy. Lots of people don't realize that the US dependence on oil imports has been shrinking steadily. Obama lifted the moratorium on oil exports in what, 2015?
Is that due to fracking technology? Probably.
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You think they exported for free?
 
American said:
You think they exported for free?
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Who exported what? Free?
Sorry, I don't know what you're talking about. Might serve me right for agreeing with you in the first place.
 
Rexedgar said:
This is going to be a dumb question; Crude is crude is crude, as far as oil? If that is correct, why export and import?
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Crude oil is not just crude oil

There are plenty of grades, sweet, sour, heavy, light, and everything in between

Some refineries are set up to process heavy crude oils most efficiently, others for light crude.

The light crude refineries may not have the vacuum distill capacity to make running heavy crude effective. Some refineries are primarily set up to produce ashphaltenes primarily (ashphalt for roads, shingles etc) and require heavy crude for that) that requires vacuum distillation and blending to get the right grades. Light crude would not have the required amount of ashphalene in it to make it worthwhile.
 
Texas Exports More Oil Than It Imports For First Time Ever
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Not surprising....The U.S.' transition to being a net oil exporter has been predicted for a while.

It's no surprise TX is exporting more than it imports. It's the largest oil producing state in the U.S.


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2015




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2018
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Bad economics. We need to keep ours in the ground as long as possible, not over-producing and unloading at fire sale prices and depleting our reserves. Do people know how much of our oil production and refining capacity is foreign owned? I serious;y doubt it. We're burning off so much over-production of gas we could power several major cities a year off the 'waste' being burned.
 
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