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The public has recognized that Corporate, Chamber of Commerce Republicans,
and Wall Street Democrats
are the same party, and serve the same constituency,
and it’s NOT THEM.

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Thursday, March 02, 2017

U.S. oil exports are blowing past expectations

WINNING!!! Now With Extra TITS!

Obama said we couldn't drill our way out of a shortage.

From Axios:

U.S. crude oil exports have exceeded 1.2 million barrels a day, per the Financial Times. That follows the lifting of a 40-year-old ban on crude oil exports in 2015, and far exceeds baseline projections. As the FT points out, the strong exports are a result of:
  • The oil glut in the world market has made U.S. oil a relative bargain compared with other grades.
  • A rebound in oil prices last year has encouraged U.S. companies to increase drilling. The EIA estimates domestic production is above 9 million barrels a day for the first time in 10 months.
  • U.S. refineries, unlike OPEC, haven't done much to "mop up" the glut.
  • Rates for leasing supertankers have declined, making its cheaper to transfer oil to foreign countries.
Why this matters: The situation poses a threat to Saudi Arabia and other key OPEC members, which have historically had control over the oil industry and the power to gauge pricing. But following the group's November agreement to curtail oil output, concerns about tighter oil supplies have led foreign countries to look elsewhere — such as to the U.S. — for their supply.
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posted by Pastorius at permanent link#

1 Comments:

Anonymous Anonymous said...

Well, the Palestinian territories do not produce oil . . .but:
40 year old Palestinian woman dies after giving birth to 69 kids

Her husband confirmed the news of her death

A Palestinian woman, believed to be one of the most fertile women in the world, has passed away.

The death of the 40-year-old woman was confirmed by her husband to Gaza Al-An news agency, according to Al Arabiya.

According to the report, the woman had given birth to 69 children.

This is not the first recorded instance of a woman having so many offspring.

A quick search on the internet throws up a Guinness World Record Page which shows a Russian woman by the name of Mrs Vassilyeva, who had also given birth to 69 children.

According to the information available on the website, the Russian woman, in 27 confinements, gave birth to 16 pairs of twins, seven sets of triplets and four sets of quadruplets.

Thursday, March 02, 2017 1:08:00 pm  

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