Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

U.S. Becomes Net Oil Exporter

General discussions of the systemic, societal and civilisational effects of depletion.
Post a reply

U.S. Becomes Net Oil Exporter

Unread postby Pops » Fri 07 Dec 2018, 15:01:34

Never say never
$this->bbcode_second_pass_quote('', 'I')n the week to November 30, however, the weekly U.S. net imports of crude oil and petroleum products were at minus 211,000 bpd—meaning that the U.S. was a net exporter of that amount, according to data from the EIA.

https://oilprice.com/Energy/Crude-Oil/U ... Years.html
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
User avatar
Pops
Elite
Elite
 
Posts: 19746
Joined: Sat 03 Apr 2004, 04:00:00
Location: QuikSac for a 6-Pac
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby asg70 » Fri 07 Dec 2018, 16:46:41

Image

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
asg70
Permanently Banned
 
Posts: 4289
Joined: Sun 05 Feb 2017, 14:17:28
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby rockdoc123 » Fri 07 Dec 2018, 16:53:28

MY GOD! Is that Pokey? Did those Star Wars clone troopers kill Pokey? NOOOOOOOO! :shock: :(
User avatar
rockdoc123
Expert
Expert
 
Posts: 7685
Joined: Mon 16 May 2005, 03:00:00
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby Outcast_Searcher » Fri 07 Dec 2018, 17:26:46

$this->bbcode_second_pass_quote('rockdoc123', 'M')Y GOD! Is that Pokey? Did those Star Wars clone troopers kill Pokey? NOOOOOOOO! :shock: :(

My ideas about toy memes are SO confused! :lol:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
User avatar
Outcast_Searcher
COB
COB
 
Posts: 10142
Joined: Sat 27 Jun 2009, 21:26:42
Location: Central KY
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby asg70 » Fri 07 Dec 2018, 19:11:15

$this->bbcode_second_pass_quote('pstarr', '
')WE ARE NOT A CRUDE OIL NET EXPORTER.


And why not? Because it would upset your doomer sensibilities?

Image

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
asg70
Permanently Banned
 
Posts: 4289
Joined: Sun 05 Feb 2017, 14:17:28
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby onlooker » Fri 07 Dec 2018, 19:41:59

$this->bbcode_second_pass_quote('asg70', '')$this->bbcode_second_pass_quote('pstarr', '
')WE ARE NOT A CRUDE OIL NET EXPORTER.


And why not? Because it would upset your doomer sensibilities?

Image

$this->bbcode_second_pass_quote('', ' ') In 2017, the United States imported approximately 10.14 million barrels per day (MMb/d) of petroleum from about 84 countries. Petroleum includes crude oil, hydrocarbon gas liquids, refined petroleum products such as gasoline and diesel fuel, and biofuels including ethanol and biodiesel. Crude oil accounted for about 79% of U.S. gross petroleum imports in 2017 and non-crude oil petroleum accounted for about 21% of gross petroleum imports.

In 2017, the United States exported about 6.38 MMb/d of petroleum to 186 countries, of which about 18% was crude oil and 82% was non-crude oil petroleum. The resulting net imports (imports minus exports) of petroleum were about 3.77 MMb/d.

So just Petroleum we are still net importer. The OP article refers to finished products like gas etc also

https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
"We are mortal beings doomed to die
User avatar
onlooker
Fission
Fission
 
Posts: 10957
Joined: Sun 10 Nov 2013, 13:49:04
Location: NY, USA
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby Cog » Fri 07 Dec 2018, 19:50:16

We are using our excess refining capacity to make money. I'm ok with that.

Doomsday just keeps receding into that horizon. Just like 20 years from now we will have fusion.
User avatar
Cog
Fusion
Fusion
 
Posts: 13416
Joined: Sat 17 May 2008, 03:00:00
Location: Northern Kekistan
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby Ibon » Fri 07 Dec 2018, 20:04:28

$this->bbcode_second_pass_quote('pstarr', 'S')o are your ideas re peak oil.

WE ARE NOT A CRUDE OIL NET EXPORTER. The article is sheeple fodder.


What happens to the relevancy of a concept when even the sheeple no longer even consider it fodder?
Patiently awaiting the pathogens. Our resiliency resembles an invasive weed. We are the Kudzu Ape
blog: http://blog.mounttotumas.com/
website: http://www.mounttotumas.com
User avatar
Ibon
Expert
Expert
 
Posts: 9572
Joined: Fri 03 Dec 2004, 04:00:00
Location: Volcan, Panama
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby rockdoc123 » Fri 07 Dec 2018, 21:07:32

$this->bbcode_second_pass_quote('', 'A')merican Petroleum Institute is a chickensh@t arm of the oil and consumer-products industry. EIA and it running dog scum API in the media want us to shop and not worry.

Sheeple buy the crap, nuzzle the crap with their pie holes and repeat endlessly . . . everything is honkey doory (whatever that means ???? honky doorry? lol)


well that is a typical Starving Lion, drool all over your keyboard, post. Really demonstrates a level of intelligence there. :roll:

Exactly where do you propose the export and import numbers should come from? Some dodgy Goldbug blog no doubt. :roll:

Bit like the kid who doesn't like the way the game is going so he grabs his football and takes it home, you don't like the actual data so you will claim its all wrong (with no proof or other data to the contrary) in order to feel justified in ignoring it allowing you to continue on posting opinionated nonsense.
User avatar
rockdoc123
Expert
Expert
 
Posts: 7685
Joined: Mon 16 May 2005, 03:00:00
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby Pops » Fri 07 Dec 2018, 21:54:59

lol, I was no math whiz but this is pretty self-explanatory

Image


The relevance of course is not the number (which is a ways from negative on average) but the refuting of one of our fundamental PO Articles of Faith:
"once you've peaked, further growth in supply, is over."
Link

Turns out economics actually does trump geology. For a time anyway. Live and learn.

OTOH, isn't LTO kinda the ultimate argument for PO?
i.e., If there were herds of elephants, would we be scrabbling for grubs?


Image

http://crudeoilpeak.info/wp-content/upl ... an2018.jpg
http://crudeoilpeak.info/latest-graphs
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
User avatar
Pops
Elite
Elite
 
Posts: 19746
Joined: Sat 03 Apr 2004, 04:00:00
Location: QuikSac for a 6-Pac
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby StarvingLion » Fri 07 Dec 2018, 22:27:36

The Price of Gold does not believe in the Shale Story. Its still trending upwards ever since the Prudhoe Bay Gas Tank gauge went to Low indicator.

GE hit new lows today. Its almost at the abyss (below $5).

GM tanking hard. Its the next collapse people. Canny save it.

BMW stock at a 5 year low.

The currency will soon be totally worthless.

The only solution is doubling Middle East Oil Production and they have no self-interest in doing so.

Therefore, the only solution is the invention of The Flying Saucer powered by the Aether in order to force much higher middle east production. The F-35 Flop is worthless junk and UAV's powered by batteries and fuel cells will never work when the useless windmills have a 5 month lull.

You have 2 years to produce a working design of a Flying Saucer powered by nothing in front of

Judge Roland Freisler or you'll hear the words "Take him away"....
Last edited by StarvingLion on Fri 07 Dec 2018, 22:39:10, edited 3 times in total.
Outcast_Searcher is a fraud.
StarvingLion
Permanently Banned
 
Posts: 2612
Joined: Sat 03 Aug 2013, 18:59:17
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby diemos » Fri 07 Dec 2018, 22:29:03

Odd.

The actual eia website says we're still importing a net 7 million barrels of oil a day.
https://www.eia.gov/petroleum/weekly/cr ... on-imports
User avatar
diemos
Heavy Crude
Heavy Crude
 
Posts: 1423
Joined: Fri 23 Sep 2005, 03:00:00
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby StarvingLion » Fri 07 Dec 2018, 22:35:56

When will rockdoc admit that Oil Capital went broke in 2008 and that Manufacturing Capital was tossed into the bonfire until now. There is nothing left now except currency collapse.

The Stupidagon is broke and can't afford another Iraq adventure pissing 100 million gallons of jet fuel dodging SAMs and 1000 damaged Abrams tanks drving on IED's and KSA-Iran-Iraq is all thats left to massively increase oil production. Another military adventure would cause a famine. There is no supply chain left.

The Establishment Physicists are bankrupt with their retarded Mathematical Physics oxymoron. The Bourbaki Mathematical Masturbators of France are broke.
Outcast_Searcher is a fraud.
StarvingLion
Permanently Banned
 
Posts: 2612
Joined: Sat 03 Aug 2013, 18:59:17
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby rockdoc123 » Fri 07 Dec 2018, 23:23:57

$this->bbcode_second_pass_quote('', 'W')hen will rockdoc admit that Oil Capital went broke in 2008 and that Manufacturing Capital was tossed into the bonfire until now.


I guess if it actually happened I would be right there willing to say ...there it is. Unfortunately, it didn't. And the drool on your keyboard is probably keeping you from looking at the financial reports from all of those oil companies. :roll:
User avatar
rockdoc123
Expert
Expert
 
Posts: 7685
Joined: Mon 16 May 2005, 03:00:00
Top

Re: U.S. Becomes Net Oil Exporter

Unread postby Pops » Sat 08 Dec 2018, 00:16:14

$this->bbcode_second_pass_quote('diemos', 'O')dd.

The actual eia website says we're still importing a net 7 million barrels of oil a day.
https://www.eia.gov/petroleum/weekly/cr ... on-imports


Actually your page says we imported 7.6mmb/d week ending 11/16
— not the same as "net"

The story is about the week ending 11/30
total Imports 8,800mb/d
total exports over 9,000mb/d
"net imports" -200mb/d
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
User avatar
Pops
Elite
Elite
 
Posts: 19746
Joined: Sat 03 Apr 2004, 04:00:00
Location: QuikSac for a 6-Pac
Top
Next
Post a reply

Return to Peak Oil Discussion

Who is online

Users browsing this forum: No registered users and 1 guest



cron