{"id":19238,"date":"2016-03-28T13:03:12","date_gmt":"2016-03-28T18:03:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19238"},"modified":"2016-03-28T13:03:12","modified_gmt":"2016-03-28T18:03:12","slug":"export-ban-and-exports-wentdown","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19238","title":{"rendered":"Export Ban, And Exports Went\u2026Down"},"content":{"rendered":"

Export Ban, And Exports Went\u2026Down<\/a><\/h3>\n
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.<\/div>\n
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According to Clipper Data market intelligence cited by the\u00a0Financial Times<\/a>, we\u2019ve seen a 5 percent decline in U.S. crude oil export volumes since the beginning of this year. The data suggests that on average we are exporting (waterborne) 325,000 barrels per day now, compared to 342,000 barrels per day during the first months of 2015.<\/p>\n

And there\u2019s no official data yet\u2014not since the beginning of this year, when the U.S. Energy Information Administration (EIA) noted that during the\u00a0week ending 22 January<\/a>, the U.S. had exported just shy of 400,000 barrels of oil, which again was 25 percent less than what was exported for the same week in 2014.<\/p>\n

An oil tanker that reached a French port in January was the first post-ban delivery of U.S. crude oil, but things haven\u2019t really picked up pace since then.<\/p>\n

January\u2019s cargoes, totaling about 11.3 million barrels, marked a 7 percent decline from U.S. crude exports in December, according to data by the\u00a0U.S. Census Bureau<\/a>. Shipments during January went to Curacao and France, in addition to Canada, the primary destination. The total number of tankers that have set sail with U.S. crude oil will not be known until comprehensive data on February\u2019s shipments is released by the U.S. Census Bureau.<\/p>\n

The immediate beneficiaries of the ban suspension are gas and oil companies such as Chevron and Exxon Mobil\u2014among the most tireless lobbyers against the ban\u2014and oil trading giants such as Vitol Group BV and Trafigura Ltd Pet.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Export Ban, And Exports Went\u2026Down Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place. According to Clipper Data market intelligence cited by the\u00a0Financial Times, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[12294,5332,827,845],"class_list":["post-19238","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-charles-kennedy","tag-oilprice-com","tag-united-states","tag-us-oil-exports"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19238"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19238\/revisions"}],"predecessor-version":[{"id":19239,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19238\/revisions\/19239"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}