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  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Happyshorter,

    I have not forgotten about the Canadian oils. A big topic. Will try to cover in the following notes.
    Mar 23, 2015. 09:08 AM | Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    David, judging by your argument, I sense you have changed camp and now are supporting the repeal of the ban?
    Mar 23, 2015. 12:51 AM | 1 Like Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    David, It reduces the price to U.S. consumers who elect the Congress.
    Mar 23, 2015. 12:10 AM | 4 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Fracjob,

    How about a comprehensive de-regulation? Would be nice to be able to ship WTI from the Gulf Coast to Northeast and California without the JA, as Aricool is suggesting.
    Mar 23, 2015. 12:04 AM | 3 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Always dubious,

    It's more complex than that. The U.S. effectively cooperates with European refineries, supplying diesel-dependent Europe with distillates and importing Europe's excess gasoline, just to provide an example. So even the price of oil stays the same, the price at the pump would go up with the introduction of the ban on products export that you are suggesting.
    Mar 23, 2015. 12:01 AM | 2 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Ellaruth,

    Thank you for taking the time to read. Your kind word is already ample reward (you can always add me to your "follow" list as "author real-time alerts" :) ).
    Mar 22, 2015. 11:47 PM | 1 Like Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Always dubious,

    If I may add my 2 cents - if all exports are banned, the price at the pump would go up and will stay elevated until additional refining capacity is built. Exports are helpful as they allow to optimize global refinery runs using the capacity that is already installed.
    Mar 22, 2015. 11:42 PM | 2 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    David,

    T-shirts, PCs and other things add up to a manufacturing (and technological) base of significant size that, unfortunately, has migrated elsewhere. One can debate whether it's for better or for worse, but if too many t-shirt factories go off-shore, one may end up with a huge national debt and weak currency.

    The U.S. is blessed - to some degree, thanks to the entrepreneurial tradition of the oily and gassy states - to have a terrific manufacturing base in oil & gas, oil services and petrochemicals. A smart policy is needed to keep it that way.
    Mar 22, 2015. 11:25 PM | 11 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    bbob68 and manitocat1,

    Agreed. However, to play devil's advocate, for energy security to be achieved, the U.S. Upstream sector must produce enough (and, arguably, some more, to be able to help allies in Europe and some other places where there is little left to extract). If the discount explodes again to $25 per barrel, we may see domestic production decline. Moreover, extractors may elect to plan conservatively, given the risk. It's a delicate balance.
    Mar 22, 2015. 11:03 PM | 4 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Founder,

    In fact, a lot of oil that has filled SPR facilities on the Gulf Coast is the U.S. federal royalty oil from GOM offshore leases. In a way, a waterborne grade, akin to Brent.
    Mar 22, 2015. 09:59 PM | 1 Like Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Philip,

    "...the burden of proof is on those who advocate an export ban."

    Well, it certainly was 40 years ago. What were they thinking?

    Interesting point regarding a phase out, makes sense as a concept. I would argue, however, that there still remains the issue of windfall value redistribution that needs to be addressed.
    Mar 22, 2015. 09:46 PM | 1 Like Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Riverrat,

    "Low cost" is the key word. Are all the Trillions economically competitive?
    Mar 22, 2015. 09:33 PM | 2 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    David de los Angeles,

    One can make a mile-long list of things that the U.S. consumes much more than it produces domestically (including t-shirts, sneakers, toys, PCs, and you can continue the list). But very few of those are subject to export ban. Logic?
    Mar 22, 2015. 09:23 PM | 15 Likes Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Option Calling,

    Thank you for bringing up EPD in this context. A highly relevant stock. I hope to cover in one of my subsequent notes.
    Mar 22, 2015. 08:40 PM | 1 Like Like |Link to Comment
  • U.S. Oil Export Ban: Are There Reasons Not To Repeal? [View article]
    Aricool,

    Terrific points, thank you.
    Mar 22, 2015. 08:39 PM | 1 Like Like |Link to Comment
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