Thursday, December 6, 2018

US Becomes Net Oil Exporter -- Crude Oil And Petroleum Products -- For First Time Since George H. W. Bush Bailed Out Of His Plane 74 Years Ago -- December 6, 2018

Links to various articles reporting this story.
  • The US just became a net oil exporter for the first time in 75 years: Bloomberg
  • In major shift, US now exports more oil than it ships in: Reuters
  • US becomes net oil exporter for first time in 75 years: oilprice
  • shale is not a revolution, it's a retirement party: Art Berman
Now, this screenshot from Google search, note the date, February 7, 2018 -- less than a year ago:


The link:
  • The United States is on pace to be a net energy exporter by 2022, the Energy Department forecasts. 
  • Surging natural gas exports, higher crude shipments and robust fuel flows will help the United States achieve the status for the first time since 1953. 
  • Tepid demand growth for energy in the United States will also help the nation become a net exporter.
  • Comment: one can argue that the US would already be a net exporter of energy if it weren't for faux environmentalists killing and delaying crude oil and natural gas pipelines
The California effect: link here

Reader's response: caveats here

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