How many Americans realize that I wonder? Refined Energy products are the largest dollar export for the US at it is growing very rapidly.
Deep, I am all in at just over 400,000 shares for IONA. At some point the market will catch up to us forward thinkers
You see that Shell is pumping up Dead Cow investment and is looking to add acres? Going to be HUGE number of wells drilled down there in 2014
So what do you think that does for Bakken oil? Those calling for a price collapse might want to think again
Here is a number that will shock many. As of July the US exported 3.92 boepd of refined petroleum products. This includes NG by prodycts such as propane and butane.
Energy related products are the USA's largest export item totaling over 150 billion annually
Sorry I was wrong, actual export number as of July was 3.89 million barrels daily. A true American success story, value added manufacturing
From American Enterprise Institute
In July, US exports of finished petroleum products and natural gas plant liquids reached a new all-time record of 3.892 million barrels per day (bpd), an increase of more than 20% from a year ago, and more than twice the petroleum exports in January 2010 of less than 1.9 million barrels per day (see chart). Compared to 2006 in the days before new technologies revolutionized the extraction of tight shale oil and when US exports of petroleum products averaged only 1.31 million bpd, America’s exports of refined petroleum products have increased by three times, thanks to a greater than 50% surge in domestic oil production.
The tripling of US petroleum products over the last seven years to a new record-setting level in July is another important milestone in the Great American Energy Boom, which is transforming the global energy landscape and helping to revitalize an otherwise sluggish US economy.
Something to consider when looking at oil inventory numbers. Energy products are this countries #1 export by dollar value.
Refinery use is at 92%, very high for this time of year. Comment I heard him make was tax purposes. I think he has it wrong
From National Journal
The boom in oil and natural-gas production in many parts of the country has helped position the United States as a net exporter of energy, and California is increasingly part of that trend. From a sheer numbers perspective, America's increased refined-petroleum exports are notable. The United States exported 3 million barrels of refined petroleum products a day in July, an almost 150 percent increase over the past six years. In 2012, these exports were worth $117 billion and were the single-largest U.S. export, according to data released by the Commerce Department earlier this year. Only the auto industry—whose totals also include related manufacturing sectors—was tallied higher, at $146 billion
Apparently someone here does not like that oil inventories are plunging and prices rising. Gave this post a thumbs down, shorty getting scared?
West Texas Intermediate crude pared losses after the government reported U.S. inventories tumbled the most in almost a year last week.
Prices rebounded to near a six-week high after declining 0.9 percent. The Energy Information Administration said supplies dropped 10.6 million barrels in the week ended Dec. 6. Analysts surveyed by Bloomberg had forecast a decrease of 3 million. The International Energy Agency raised estimates for 2014 global oil demand amid an economic recovery in the U.S.
“Crude supply is declining,” said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. “Demand is picking up as the economy is recovering.”