Prohibiting Oil Exports

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Roadster
Posts: 85
Joined: Tue Dec 14, 2010 7:34 pm

Prohibiting Oil Exports

Post by Roadster »

What is the total US Oil exports for 2021 and 2022?

"Biden allowed 52 million barrels of American oil to be exported to #China in just the first 3 months of this year

We are paying $5 a gallon in America but sending 500000 barrels a day to a communist regime
Quote Tweet
Senator Rubio Press
@SenRubioPress
· Jun 15
Senator Rubio and @SenRickScott introduced a bill to prohibit the exportation of oil and petroleum products from the United States to the Peoples’ Republic of #China."
Fraser921
Posts: 3014
Joined: Mon Mar 22, 2021 11:48 am

Re: Prohibiting Oil Exports

Post by Fraser921 »

We dont have enough refinery capacity to process it. No new refineries have been built and actually 3 were shut down, 2 of which due to climate change. Now thats coming back to bite us in ass and Biden demands refineries produce more.

See this post

https://epgforum.com/viewtopic.php?f=7&t=20164
dan_s
Posts: 34642
Joined: Fri Apr 23, 2010 8:22 am

Re: Prohibiting Oil Exports

Post by dan_s »

Banning exports of oil to China might be OK, but if we ban exports of refined products, it will screw-up the global economy even more.
Dan Steffens
Energy Prospectus Group
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