US to start exporting crude oil

According to RIA "News", two US companies received permission from the US Department of Commerce to supply crude oil abroad. The Wall Street Journal newspaper notes that this may be the first stage in the gradual easing of restrictions on oil exports to other countries that were introduced about 40 years ago.

Two companies - Enterprise Product Partners and Pioneer Natural Resources - will be able to supply so-called ultra-light oil to other countries, which is also known as condensate. This product is formed during the development of shale deposits. Up to this point, companies could only export refined fuel, but not crude oil.

In the new rules, which have not yet been officially announced, ultralight oil that has undergone minimal processing is defined as fuel, which makes it possible to bypass the restrictions on its supply. Both companies have improved the refining process so much that it can be exported while remaining untreated in the traditional sense. The first oil deliveries are scheduled for August.

This post has already been commented on by American politicians. According to Senator Liza Merkowski, the White House should lift all restrictions on the export of crude oil, which took about 40 years ago. She called the ministry’s decision “the first sensible step that reflects the new realities of the energy sector (US)”.

Oil export restrictions were introduced after the oil crisis in 1970 to ensure US energy security. But recently, the “shale revolution” has significantly increased the production of hydrocarbons, returning it to the level of 40-year-old. Most companies in the oil and gas industry advocate the abolition of export restrictions.

Comments

[Dezinto]

What will they export it to? So far, they have neither terminals nor ships for full export.

[armageddon]

Hmm ... They scare Russia ... So we are ALREADY scared ... How they CAN’T UNDERSTAND !!! Let them try ... LOOK at the inglorious end ... Shale technology ... !!!

[engineer74]

I agree! PR pure water! 10 years ago we were loudly yelling: "Selling oil for rubles!" at the St. Petersburg Stock Exchange, sold (EMNIP) buckets of 2, or so. And most importantly, the news appeared very in time - the states with gas in Europe had broken off, and at once a sea of ​​"tasty" oil was found!

[52]

But I was scared! After the cracking of such a "product" produces only two fractions - red, with asterisks, and white, with asterisks! And, CHSKH, THEY SMELL THEY EQUALLY BROWN!

[Gluxar_]

Quote: Armagedon

Hmm ... They scare Russia ... So we are ALREADY scared ... How they CAN’T UNDERSTAND !!! Let them try ... LOOK at the inglorious end ... Shale technology ... !!!

Shale technology is a loan to future generations. They will have to pay for today's gain.
However, oil shale could play a role in this decade. Unfortunately, so far there is not a single organization that could oppose this phenomenon. Unfortunately, neither our government, nor large energy companies will dare to allocate $ 5-10 million to "private activists" to conduct a campaign to discredit the shale euphoria. A competent and timely approach is needed here, then the entire shale revolution can be buried even at the peak of production.

[Professor]

Quote: DEZINTO

What will they export it to? So far, they have neither terminals nor ships for full export.

Come on? But what did they carry Saudi and Venezuelan oil on? What terminals were unloaded? Or do you think they are not suitable for export?

[528Obrp]

Respected Professor.

I have long wanted to ask:
How are you with the TAMAR deposit? Are there Russian companies in the "near Tamarna" fuss?

[Professor]

Quote: 528Obrp

How are you with the TAMAR deposit? Are there Russian companies in the "near Tamarna" fuss?

OK Tamar. There is a lot of gas there. The tender was won by the Americans, namely Nobel Energy.

[528Obrp]

Quote: professor

The tender was won by the Americans, namely Nobel Energy.

Of course. Question two:
The final point of transportation?
(Further Ashdod)

[Professor]

Quote: 528Obrp

The final point of transportation?

NMNIP 60% by pipe to shore. Clean stations in many places, in particular in the area of ​​Yokneam and Zichron Jacob, 40% of gas carriers for export. Most likely to Europe, but maybe to Korea or Japan.

[528Obrp]

Quote: professor

Most likely to Europe, but maybe to Korea or Japan

Judging because I know the cost should not be high. And in Europe Gazprom rules. Soon the picture may be repeated in Asia.
Why do you think so? (this is the third question)

[Professor]

Quote: 528Obrp

Judging because I know the cost should not be high. And in Europe Gazprom rules. Soon the picture may be repeated in Asia.

The issue of cost is kept a secret harder than the Israeli nuclear program. Even the commission in the Knesset refused to voice the cost, I suspect that it is very low and the developer was afraid of high taxes on super-profits. Gazprom did not steer in Europe and now its share in the European gas market is not so great. At the peak was only 30%. So there’s no need to talk about taxiing. Gazprom's share of the European market reaches historic highs

IMHO
Russian hydrocarbons are the worst thing that could happen to the Russian economy and further down the chain ...

[528Obrp]

Quote: professor

So there’s no need to talk about taxiing. Gazprom's share of the European market reaches historic highs

About this later.

Quote: professor

that it is very low and the developer was afraid of high taxes on superprofits

But this is interesting. Only, I think, this is not the case. There is gas in the USA. The cost is very low and the quality and especially the volumes are very high. And then the most interesting (IMHO !!!) gas, instead of Israel’s energy security, goes to the state’s gas storages, and then ...... it pops up in a new quality ... in Europe under the guise of shale. By the time he accumulates in sufficient quantities and the terminals will be built. But these are my speculations so to speak ... but ...

The most basic was the question of the final point of transportation. I did not find the exact answer to it.

[Professor]

Quote: 528Obrp

The most basic was the question of the final point of transportation. I did not find the exact answer to it.

As far as I remember, they talked about transportation to Europe and the Far East. There was no talk about America, and I’m not sure that it is cost-effective given the oil shale.

PS
Who will benefit from Israeli gas production?
Perhaps, instead of exporting natural gas to the Far East, it should be delivered to the countries of the Middle East, to our neighbors, who also need clean energy sources? Maybe at least once in a lifetime it is worth looking at your neighbors not through a gun sight? Polluted air does not recognize borders. The use of hazardous fuels in the West Bank and Gaza has an impact on the air quality breathed in Tel Aviv and Jerusalem. It may be worthwhile to offer gas supplies to the Palestinian Authority and even to the Hamas government in the sector, which is located so close to the Ashdod reservoir. Such a deal could reduce the motivation of terrorist groups to bombard the south of the country.
Netanyahu fully accepted the findings of the Shishinsky Commission

[528Obrp]

[i] Most likely [/ i] to Europe

Quote: professor

As far as I remember, they talked about transportation to Europe

There was an assumption in your answer.

Quote: professor

and I’m not sure if this is cost-effective considering the oil shale.

It is necessary to consider. At a cost of $ 30-50 (at the mouth) it can be very good. And if lower then ...

[Gluxar_]

Come on? But what did they carry Saudi and Venezuelan oil on? What terminals were unloaded? Or do you think they are not suitable for export?

So they still carry oil from there. Does this mean anything?
You show at least the first two oil tankers exported by the United States, then it will be possible to continue discussing this topic

[Professor]

Quote: Gluxar_

You show at least the first two oil tankers exported by the United States, then it will be possible to continue discussing this topic

Wait and see. Regarding what they sell and what they buy, Israel buys grain in Ukraine, and sells its own to Europe. Reason, the first soft grades, the second hard. The first are cheap, the second are expensive. A similar reason could be with American oil.

[Gluxar_]

Quote: DEZINTO

What will they export it to? So far, they have neither terminals nor ships for full export.

Tankers can always be hired, but that's not the point. Today, this is a populist action in response to the failure in Iraq, oil prices have risen by almost $ 10 in a couple of days, it is necessary to slow down somehow. So they started to release their "ducks". We are also talking about the printing of strategic reserves.
The problem is that the entire oil industry is dating in the United States to keep domestic gas prices at an acceptable level for the population. In the USA, all trade is based on cheap logistics, gasoline will go up in price - the whole economic model will collapse when people get to work 40-50 km by car in the morning. And in some states there is practically no public transport.
However, something else is also interesting. The United States, instead of going into a new energy era based on paladium elements, begins to print out its oil reserves, which were stored for the "H" day. Apparently this day is approaching.

[52]

"The states have practically no public transport at all.
However, something else is also interesting. The United States, instead of going into a new energy era based on paladium elements, begins to print out its oil reserves, which were stored for the "H" day "
The trouble is that the Yankees, no fools, fucking logistics specialists, have already degenerated. There are only specialists in "gunboat diplomacy" left, which is a pity. In the area of ​​normal movement of cargo from point A to point B, many should learn from mattressoids!

[1812 1945]

Quote: DEZINTO

What will they export it to? So far, they have neither terminals nor ships for full export.

This is something they will acquire and build. Now, thanks to the Bretton Woods system, they do not mine, sell or buy anything, earn on their most valuable security - the dollar. But in the light of the upcoming changes and due to the withdrawal of real production to the countries of the Third World, a huge budget deficit is coming, which cannot be compensated by virtual assets (as now, partially). So already 18 trillion! And what about energy security? For their citizens, they ..sr..at (as in most countries of "developed market democracies"), but for the Pentagon and the National Guard they get enough. I would not be surprised if the legs of immigrants (and then of their native citizens) begin to trade ...

[ufa1000]

This is not LNG to have specialized high pressure terminals for them. Crude oil can be poured immediately and into any containers, for example, in heavy vehicles or in railroad tracks. But this does not mean that they will succeed, it will be extremely unprofitable. To transport 1000 tons of crude oil to get 100 liters of pure gasoline at the exit

[Silkway0026]

it’s they who want to scare us - they say, right now we’ll crash your prices! scared the hedgehog ...

[bulvas]

Quote: Silkway0026

it’s they who want to scare us - they say, right now we’ll crash your prices! scared the hedgehog ...

Collapsing prices is not profitable for them - shale products are more expensive than usual, at a low price they will not be profitable

I think this is to stabilize oil prices, which jumped as a result of events in Iraq, to ​​keep them in a certain corridor

[johnsnz]

The crisis, yo-mayo .... there is no one to work in the processing plants! It drops to the level of the raw material power)))

[inkass_98]

Quote: johnsnz

It drops to the level of the raw material power)))

This oil is "light sweet", it is more expensive than ours (heavy), because it requires minimal processing, i.e. the cost of the oil product at the exit is less, and the price of fuel will be normal - incomes are higher for the bourgeoisie.

[Irokez]

Quote: johnsnz

The crisis, yo-mayo .... there is no one to work in the processing plants! It drops to the level of the raw material power)))

Probably no.
Here I see several components:
- Get on the crude oil market
- Sell cheaper because it is not necessary to process at home, but to import normal
- Ecology. They take out everything that they extracted with water and everything else without spending money on the environment at home (let others take care).

[Giant thought]

To collapse oil prices, very large volumes are needed, and mattresses do not yet have them for export, so there is no need to be afraid.

[avt]

Quote: Thought Giant

To collapse oil prices, very large volumes are needed, and mattresses do not yet have them for export, so there is no need to be afraid.

Yes. But a very interesting fact! After ALL, the US policy up to this point was reduced to the consumption of OTHER resources and the reservation of their own, the Reichsdollar held on to this - they trade only on American dead presidents, with the supply of products to the World. Now the main workshop is China and now the US is slowly looking for how to keep their Reichsdollar. Hence all the chaos in the places where energy resources are extracted and the routes of their transportation, which we see in Iraq and on the lands of the project "Ukraine1991". The campaign in the future Azerbaijan - Armenia - Turkey. Fortunately, the "colored" turbidity has already begun in Turkey, and Aliyev recently, "the black mark."

[Giant thought]

To collapse oil prices, very large volumes are needed, and mattresses do not yet have them for export, so there is no need to be afraid.

[Eragon]

But recently, the “shale revolution” has allowed a significant increase in hydrocarbon production, returning it to the level of production 40 years ago.

Or maybe the dough just ends, and the printing press can no longer be turned on.

[Mama_Cholli]

... you can’t turn it on? First you need to at least turn it off.

[528Obrp]

Quote: Eragon

Or maybe the loot ends

This is the main reason. We need "real" money.

That part of the oil that they will throw in, the market will swallow and will not notice. At a price of less than $ 100, their oil is not profitable.
If you are dragged strongly, they will stick your head in a loop. And Russia is able to tighten it to $ 80-90.

[Saireg]

Hmm, obviously the northern scribe came to the economy, since they already go for it ...

[mig31]

The redneck presses looking at Russia - they want to pump petrodollars, but no, geography does not allow ...

[WKS]

Quote: mig31

The redneck presses looking at Russia - they want to pump petrodollars, but no, geography does not allow ...

Let them deliver to Cuba on credit and with the right of resale, Fidel will take it.

[Mama_Cholli]

America has taken Fidel for several decades ... Not far, high quality and not of its own free will.

[Bobxnumx]

The US has solid holes in the budget, it’s necessary to patch up somehow, which means that it is necessary to sell something to maintain the pants.

[Luga]

I put the news plus. It is good that the mattresses began to look for ways to circumvent their own laws regarding the sale of oil. In other words, the mattress begins to sell itself.
Will they be able to bring down oil prices? Hardly. It seems to me that this measure is purely protective, and not aggressive at all. The guys just have to live somehow ...
Good sign. Keep it up. Soon there will be chances to buy back Alaska. For the selling price.

[inkass_98]

Quote: Luga

Soon there will be chances to buy back Alaska

So there was an earthquake the other day - let them ask Canadian ukrov to jump harder, Alaska will break away, go home with its own power .

[Wedmak]

Fuel ... already takes a laugh. The United States is a regional gas station pretending to be a superpower.

[Saireg]

Quote: Wedmak

Fuel ... already takes a laugh. The United States is a regional gas station pretending to be a superpower.

False, USA is a green paper printing press with various pictures with liquidity close to zero)

[Wedmak]

You told the truth, and I recited McCain + Obama.

[SRC P-15]

Quote: Saireg

False, USA is a green paper printing press with various pictures with liquidity close to zero)

Rather, it looks more like a printing house!

[LEVIAFAN]

Quote: Luga

It is good that the mattresses began to look for ways to circumvent their own laws regarding the sale of oil.

their own laws, like the laws of other countries, have never been restrained. who pays the one and orders the music. they even traded with Hitler, and then executed in Nuremberg everyone who knew about it

[StepanovTDSM]

Here are the first echoes of Ukram help. And the costs of regional conflicts. Grandmas for propaganda.

[ia-ai00]

"Shale revolution" allowed to significantly increase hydrocarbon production,

I think the "fruits" of the shale revolution, the Americans will not have to wait long!
It is already known about the poisoned reservoirs, "fiery" water from water taps, these are the first "swallows". If they start the global production of shale gas, it could lead to an environmental disaster, on a continental scale - North America.

[Wedmak]

But is the increased activity of Yellowstone a consequence of shale gas production? Well it is all connected in nature.

[Gorbtk]

They feel that it’s a matter of seams ... They begin to use all the reserves, the machines apparently can no longer cope.

[parusnik]

Anyway, it’s cheaper, let's say to Japan, to deliver oil and gas via a pipeline than on a tanker ..

[mojohed2012]

Let's see what such a sale will turn into by the fall. It seems to me that the shale revolution will end in six months or a year by the complete ruin of US shale oil companies due to the high cost of oil and gas.
Russia and the world increasingly began to pay in dollars. And this is the gradual death of America in the form of the United States. As soon as the majority of US citizens do not have enough for monthly benefits to subsidized sections of the population, the state Maidan will speak, because their citizens have weapons at 3 world wars already lies at home.

[starhina01]

as they say, "the ice has broken, gentlemen of the jury," we are waiting for the next moves to surrender Washington.

[P-38]

If this goes on, they will soon put Psaku and Obamka up for auction. "The original price is $ 5 - who is more? Does anyone give anything for it?"

[nicollider]

do not be confused by the term ultralight oil. it would be more correct to have crude oil. those. oil but not really. To use this product in industry, acc. treatment. therefore they send it for export - such * shit is not a pity.

[Sergei 57]

Let them get more, faster they will ruin their lands.

[Vitynar]

it’s just that the United States is faced with the fact that shale oil production has dropped the price of gas and condensate too much. They have to be burned, as industry is slowly rebuilding to consume gas from coal. Therefore, they will be exporting for now.

As for the price, everything is fine here too. The average gas price in the USA is $ 5 per BTU, liquefaction is $ 3-4, transportation is 2-3, in total the United States will sell gas in Europe at $ 10-13 for BTU, and Gazprom will sell at $ 14-15 for BTU. That is, the price of gas for Europeans will drop by about a quarter.

[SRC P-15]

Quote: VityNar

As for the price, everything is fine here too. The average gas price in the USA is $ 5 per BTU, liquefaction is $ 3-4, transportation is 2-3, in total the United States will sell gas in Europe at $ 10-13 for BTU, and Gazprom will sell at $ 14-15 for BTU. That is, the price of gas for Europeans will drop by about a quarter.

You forgot to bring the price of liquefied gas brought. This is about 3 dollars more. And how much will be in total? Russian gas will still be cheaper!

[Vitynar]

Quote: СРЦ П-15

You forgot to bring the price of liquefied gas brought. This is about 3 dollars more. And how much will be in total? Russian gas will still be cheaper!

No. US gas will be cheaper even if the current price of Henry hub is raised 2 (!) Times.

UPD. Current Henry HUB quotes - http://ycharts.com/indicators/natural_gas_spot_price

[Vtel]

They already export raw information from the Outskirts and other places to the whole world, so they are specialists in this. To clean that ento everything will be.

[Vyacheslav73]

Quote: Silkway0026

it’s they who want to scare us - they say, right now we’ll crash your prices! scared the hedgehog ...

naked train

[Tima]

The EU without American oil licks their ass, and if American oil comes, they will have to substitute their ass. No wonder the whole of Europe has become tolerant, have long been preparing ...

[lexxxus]

Let the pug bark! All the same, she can not be heard ...

[Strashila]

This provides interesting information for consideration ...
First ... business in the US economy is full of cords, since they went against their own rules ... they opened the stash of a rainy day and not for its use, but for export.
The second ... their situation in the Middle East is awful, they lose control over the situation ... I remember Saudi Arabia offering them money for participating in cases against Syria, the very situation in Iraq, where they left radicals against their own proteges.

[voyaka uh]

You have read the article inattentively.
They are going to sell: "so-called ultralight oil, also known as condensate. This product is formed during the development of shale deposits."

This is not related to their strategic storage reserves.

[52]

Quite right, but there is a principle - "from a black sheep - yes wool ...", but given the level of "education", everyone hears "oil", as in that joke - "prize drawing", everyone hears "prizes" ..

[Iline]

Money is very much needed to cover the external debt. It is not all the same for Russia to be a "raw material appendage".

[kelevra]

It follows that the United States probably re-opened its deposits and began to extract oil again. Or, their companies, which settled after their own intervention in Libya, Iraq, began to extract foreign oil in excess and they decided to drive their own, worse quality, in other markets !

[propolsky]

It was necessary to smash half the world, organize a dozen wars in order to remake the energy market "for yourself." Apparently Ukraine in this chain also has a place as a link. Hope for the strength and truth of Russia.

[MSA]

According to Senator Lisa Merkowski, the White House should remove all restrictions on crude oil exports that were adopted about 40 years ago.

Nepoymu why restrictions, so it comes to the United States?

[Aslan]

Not everything is unambiguous with shale gas, the barbaric method of production is high, the lack of proper infrastructure for export, casts doubt on the US plans.

[cosmos132]

There is another problem - Azerbaijan. States are betting on them.