The EU Wants America's Oil

Oil rig pumpjacks, also known as thirsty birds extract crude in Long Beach, California July 30, 2013. Credit: Reuters/David McNew

A Leaked Document Shows Just How Much The EU Wants A Piece Of America’s Fracking Boom -- Washington Post

The European Union is pressing the United States to lift its longstanding ban on crude oil exports through a sweeping trade and investment deal, according to a secret document from the negotiations obtained by The Washington Post.

It's not entirely surprising. The EU has made its desire for the right to import U.S. oil known since the U.S. started producing large amounts of it in the mid-2000s. It signaled again at the outset of trade negotiations, and its intentions have become even more clear since.

This time, though, the EU is adding another argument: Instability on its Eastern flank threatens to cut off the supply of oil and natural gas from Russia. "The current crisis in Ukraine confirms the delicate situation faced by the EU with regard to energy dependence," reads the document, which is dated May 27.

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My Comment: For the past century oil has been the "mother's milk" of a modern industrial society .... the EU knows this even though they are constantly talking about green energies and technologies. But the U.S. is still an importer of oil .... and while the U.S. has started to export some oil to Europe .... they really do not have a surplus amount to sell. export. If I was the EU .... I would focus on Canada. Canada has the oil .... but not the distribution network and infrastructure to significantly expand it's production.