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Tag Archives: oil exports
Why The U.S. Can’t Be Called A ‘Swing Producer’
Why The U.S. Can’t Be Called A ‘Swing Producer’ Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer. There are two types of oil producers in the world: those who […]
“Miracle of American Oil”: Continental Resources Courted Corporate Media to Sell Oil Exports
“Miracle of American Oil”: Continental Resources Courted Corporate Media to Sell Oil Exports A document published by the Public Relations Society of America, discovered by DeSmog, reveals that from the onset of its public relations campaign, the oil industry courted mainstream media reporters to help it sell the idea of lifting the ban on crude oil exports to the […]
Four Ticking Global Time-Bombs Few Even Hear
Four Ticking Global Time-Bombs Few Even Hear A few charts help us grasp the magnitude of the four global time-bombs. The geopolitical and financial risks facing the global economy are well-known.Hot wars and currency meltdowns garner headlines around the world. But few even hear, much less discuss, four ticking global time-bombs: 1. The demographic time-bomb. […]
The Saudi Oil Price War Is Backfiring
The Saudi Oil Price War Is Backfiring Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have […]
Mexico and American Oil Companies Want a Crude Swap to Open Loophole in the Oil Export Ban
Mexico and American Oil Companies Want a Crude Swap to Open Loophole in the Oil Export Ban As politicians from oil-producing states work to draw up bills to end the ban on oil exports, Mexican officials are “confident” that the country will soon be importing American crude through a backdoor loophole in the law. Back in January, […]
Oil Price Crash: Top 5 At-Risk Countries
Oil Price Crash: Top 5 At-Risk Countries Since June 2014, global oil prices have dropped by more than 50%. The drop could strongly affect the economic and political stability of these five oil exporting countries. Oil prices make winners and losers. In general, oil importers will gain from low prices, while most oil exporters will […]
40 % of US petroleum product exports didn’t grow since 2011
40 % of US petroleum product exports didn’t grow since 2011 This is another post in the series on how US tight oil has impacted on global oil markets. This time we look at US petroleum product exports. (1) Destination of US product exports Fig 1: US petroleum product exports by destination and type of growth […]
Low Prices Driving Record U.S. Crude Oil Exports Despite Crude Oil Export Ban
Low Prices Driving Record U.S. Crude Oil Exports Despite Crude Oil Export Ban “Are you more desperate to get a better deal when you’re poor? I guess you are.” That was John Auers, executive vice president of oil industry consulting firm Turner Mason & Company, describing the oil industry as being “poor” and “desperate” to Bloomberg. As the […]
Exclusive: U.S. agency gives quiet nod to light oil exports – sources | Reuters
Exclusive: U.S. agency gives quiet nod to light oil exports – sources | Reuters. (Reuters) – The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may help clear the way […]
oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20/Barrel Oil
oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20/Barrel Oil. The ability of oil exporters to trigger a short-term collapse in price does not automatically translate into an ability to control the financial conflagration such a crash ignites. My BS detector went off when two stories with similar headlines touting $20/barrel […]
Saudi Arabia’s Oil Exports Drop Was Sign of Weaker Demand – Bloomberg
Saudi Arabia’s Oil Exports Drop Was Sign of Weaker Demand – Bloomberg. Saudi Arabia shipped 10 percent less oil overseas in October than it did a year earlier, signaling demand was falling even before OPEC decided a month later to hold production unchanged with prices plunging. Oil exports fell to 6.9 million barrels a day in […]
Oil-Producing Countries’ Currencies Are Getting Crushed | Zero Hedge
Oil-Producing Countries’ Currencies Are Getting Crushed | Zero Hedge. While most people’s attention has been focused on the demise of the Russian Ruble this year, since the June highs in Crude Oil, the oil-producing nations of the world have seen their currencies devalue rapidly. From Brazil to Nigeria and Algeria, the impact of lower oil revenues […]
