February 2, 2017

THANKS, UR:

U.S. May Export More Oil in 2017 Than Four OPEC Nations Produce (Sheela Tobben, February 2, 2017, Bloomberg)

U.S. crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output.

The world's largest oil-consuming country could sell as much as 800,000 barrels a day of crude overseas this year, according to four analysts surveyed by Bloomberg. That's more than OPEC producers Libya, Qatar, Ecuador and Gabon each pumped in December. The U.S. exported 527,000 barrels a day in the first 11 months of 2016, Energy Information Administration data show.

Undermining the oil curse is the most important step in winning the WoT, forcing the petro-regimes to tax their citizenries.

Posted by at February 2, 2017 7:31 AM

  

« WORDS MEAN THINGS: | Main | IRONICALLY, DEMOCRATS FORCED THE PICK: »