For the first time ever, the U.S. became a net total petroleum exporter on a four-week average basis (-49,000 b/d) in the week ending October 18. The era of U.S. net petroleum exports HAS BEGUN! (or at least is highly like to). #OOTT pic.twitter.com/HRqDeWHLv8— Mason Hamilton🛢📊⛽️ (@T_Mason_H) October 23, 2019
Oil & Gas 360: US to become net petroleum exporter in Q4 2019
The US is expected to become net petroleum exporter in the fourth quarter of 2019, Trend reports citing the US Energy Information Administration (EIA).
EIA forecasts that continued growth in petroleum product exports, albeit slower than in previous years, combined with increasing US crude oil exports, will result in the United States becoming a total petroleum net exporter. EIA October 2019 Short-Term Energy Outlook forecasts this change to occur in the fourth quarter of 2019.
In the first half of 2019, the United States exported an average of 5.47 million barrels per day (b/d) of petroleum products, an increase of 19,000 b/d (0.3 percent) from the first half of 2018 and the slowest year-over-year growth rate for any half year in 13 years.
Read more ....
Update: The U.S. hits a new milestone in net petroleum exports (Axios)
WNU Editor: Five years ago no one thought this was possible. Today this is a given. But some are predicting that this is coming to an end .... Russia Predicts The Death Of U.S. Shale (OilPrice.com).
25 comments:
Yeah but Russia also "predicts" things to shape opinions. Just look at how many predicitions RT (Russia Times) made about the fall of the Dollar since its inception. Tens of thousands of times. At least. Now, the dollar -again- seems to be the best option to invest, PARTICULARLY now that the US also holds the oil card. Russia is good at talking, propaganda.. they are -great- at that.. BUT.. at anything economic or trade.. jesus.. their GDP is smaller(!) than Italy's -DESPITE- having so, so sooooo much more landmass, natural resources and even people. Now why is that?
Yup..
So, yeah, when RT or any Russian tells you something about Economics and how the US ain't got it.. they are wrong. The US may not have a lot of culture, and feel very materialistic in everything they do, BUT, when it comes to money and how to control the world markets, and energy markets now.. and financial markets.. they are top notch. And with Trump now at the helmet, they are even better.
I agree, they need to make sure to keep their clients and investors happy. Since they invested billions, and Oil prices won't climb due to supply that makes people worried.
I'm curious for how long...?
"The US may not have a lot of culture, and feel very materialistic in everything they do"
Lets dissect that statement shall we?
We know it is true, because when the Mayflower or Jamestown colonists landed in America they had zero culture.
When those colonists lived in England they were heirs to 10,000 years of culture stretching back to the neolithic (or before).
However when they crossed the Atlantic they lost all of their culture due to the Coriolis Force. That is not strictly true. If they had crossed the Atlantic inn the southern hemisphere and then hiked north, they would have had twice the culture than they had before.
This Coriolis effect was still in effect in the 19th and 20th centuries. All those people, who went through Ellis Island, lost all their culture, when the crossed the Atlantic due to the Coriolis Force.
Ask the working class, you know the bulk of the people, the ones who need two jobs to make ends almost meet about the strength of the dollar, or, how their shares are doing on the "market". Ask the people who lose their homes to pay life saving doctor bills. Ask the farmers, the true victims of Trump's China tariffs.
America's elite are doing well, the plebs not so well, while the military can keep going due the draft and misguided patriotism. The economic draft that is.
As for water supply think of China, and fracking in the USA. Read the report and think about the future.
https://www.epa.gov/hfstudy
Bob,
Once again you have shown the need for much remedial study.
https://en.wikipedia.org/wiki/Structural_geology
snark=CHUD
It's one thing for Team Trump to publicly vilify officials in the hopes of defending the scandal-plagued president's reputation. A criminal probe is different.
Justice Dept's investigation into investigators takes an unsettling turn | MSNBC
-- William Barr's Investigation of 2016 Investigators Signals Trump Will Burn It All Down
Ms. Zamourka was homeless in LA and she had high medical bills. But when you read the story completely and not just the headline like a parrot, you learn she was not out on the street until a registered Democrat stole her musical instrument.
It is was CHUD's do.
Criminal Syndicates should be burnt down to the ground.
Poor Rep. Schiff did some quick and fast wargaming in his head based on the Democrat playbook.
Schiff reasoned that Trump would not release the call transcript, so the CHUD was going to feast off news leaks to fake news organizations for weeks like a pig in slop.
It was not a a bad strategy on the CHUD's part. A Bush, Romney, or many other Republicans would have simply invoked presidential privilege not released the transcripts and took it like a champ smartly parting cheeks.
People like Schiff need to voted out of office and their criminal syndicates burnt to the ground.
Anon
I was talking about the country. Obviously you fail to take responsibility for the crapola your country does around the world and at home, and it isn't just the Democrats. Who do you think stopped Obama from putting in a full fledged healthcare program, the Blue Dogs?
And Bob ran, ran, ran away form his original statement. Of course the coward would.
Anon
Okay once again I see in the absence of an intelligent rebuttable you spew insults being unable to refute what I posted, thereby showing your frustration with having to agree with something I posted.
Bob,
I understand the you are a retard. You don't understand the world and the bothers you. If you would have been brave enough to go to Kuwait, you would have seen Canadian forces there 2003 and thereafter.
A former Trump adviser filed a lawsuit that could be 'one of the most consequential separation of powers cases' in history
-- Donald Trump Has a Senate Problem - The Atlantic
-- Trump’s latest attempt to block impeachment inquiry testimonies faces a key court battle - Vox
Trump senses how the wind has shifted. With State Department officials like Ambassador Marie Yovanovitch appearing before the House even though they’d been ordered not to cooperate, and Defense Department officials like Laura Cooper following in the same path, Trump and his advisers can see that the whole impeachment inquiry is “snowballing.” And that they have very little they can throw in its way.
Even the stunt organized between the White House and House Republicans on Thursday managed to only keep Cooper cooling her heels in an antechamber until Matt Gaetz and company tired of standing around, watching reporters not eating pizza. Then Cooper came out and talked anyway.
Trump is already “frustrated that his efforts to stop people from cooperating with the probe have so far collapsed under the weight of legally powerful congressional subpoenas.” And he’s going to get even angrier, because now that a Federal judge has ruled, as expected, that the impeachment inquiry is … an impeachment inquiry, those subpoena’s come supercharged by a level of authority even higher than they enjoy in normal times.
[...] Trump Has Officially Weaponized the Justice Department to Go After His Rivals
A Trump World Series Appearance Would Be Spicy as Hell
Wallace went further, saying that some of the evidence, “Seems to tie more of a quid pro quo. [And] that there is some evidence” from those who have testified “working in the Trump administration that the president linked aid to Ukraine, and a White House meeting with Ukrainian president to getting oppo research on the Democrats.”
Wallace also spoke about the hypocrisy of Republicans who went about the investigation process in a similar fashion when they were investigating Benghazi. “You can make [the] argument [that Democrats are being unfair], but if you look back during Benghazi when that was being investigated by [Republican] Trey Gowdy, they had hearings in private and depositions in private. You try to build your case, figure out who are the witnesses that can say something and who can’t. Then you will end up holding public hearings anyway.”
What Wallace is doing is important. Of course, he’s only stating obvious facts[...]
The porn parrot keeps vomitting.
Silly Parrot has forgotten or thinks it is best not t remember the Obama years and the politicalization of the IRS (Remember Louis Lerner) and Justice department.
But Porn parrot and other libtards are not content with ruining government.
They are ruining sports too.
Male Runner Wins NCAA Conference's 'Female Athlete of the Week'
Yes, liberals are full tard crazy and rapacious.
Remember the liberal motto: Drool to rule
Aizinonymous is a thief and a liar.
https://sputniknews.com/middleeast/201910261077154752-russian-military-releases-satellite-images-confirming-us-smuggling-of-syrian-oil/
Bone spurs?
rump called then-Defense Secretary James Mattis and ordered the Pentagon to “screw Amazon” out of a $10 billion contract, which is an impeachable abuse of power.
Task & Purpose has some quotes from the forthcoming book about Mattis and Trump’s Pentagon titled, Holding The Line: Inside Trump’s Pentagon with Secretary Mattis written by Guy Snodgrass, who was Mattis’s speechwriter and communications director at the Pentagon:
Snodgrass reveals that Trump called Mattis in the summer of 2018 and directed him to “screw Amazon” out of a chance to bid on a $10 billion cloud networking contract.
Trump has long held a grudge against Amazon and its CEO Jeff Bezos, who also owns The Washington Post. He’s accused Amazon of scamming the Postal Service (it’s not), and has railed against The Post as a “lobbying tool for Amazon,” often after the paper reports on news unfavorable to the president.
Snodgrass writes: “Relaying the story to us during Small Group, Mattis said, ‘We’re not going to do that. This will be done by the book, both legally and ethically.”
Trump ordered the Secretary of Defense to screw Amazon because he doesn’t like his coverage in The Washington Post. As in the Ukraine scandal, this is an abuse of presidential power for personal gain or retribution.
Donald Trump is using the federal government as his own score-settling machine. Trump is going after his critics and enemies, both real and imagined and abusing presidential power to do so. Trump’s attempt to screw Amazon is an impeachable offense, but it also part of a pattern of behavior. Donald Trump has consistently used his office for personal or political gain.
Trump’s actions all fall under a predictable umbrella. The House could spend years trying to impeach on every single specific offense. It is better to go broad and bundle his crimes against the presidency into one overarching charge of abuse of power.
Never has a president done so much in such a short period of time to deserve impeachment and removal.
You poor thing,
Assad bought oil from Daesh. Though they were at war with one another they both needed cash, so they cooperated.
The people with the oil are the Kurds. They are extracting it. The Kurds and the US are not one and the same. Please learn that. Try hard. Try really hard. Put on your thinking cap.
Also, why should the Kurds not have that oil?
PS: I really like the use of Russian press by the guy, who cries real tears and believes that Trump is Putin's bitch.
Treasury Secretary Steven Mnuchin may have used his position to help a billionaire friend earn a significant tax break and subsequent profits, despite the Internal Revenue Service warning against it, The New York Times reports.
The Treasury Department, reportedly at the personal instruction of Mnuchin, made an area of land in Nevada owned by financier Michael Milken, who was reportedly an inspiration for the character of Gordon Gekko in the film Wall Street, eligible for a federal tax break that it did not previously qualify for after alleged pressure from Milken's business partner other landowners.
The IRS expressed its doubts about the decision, arguing in an internal memo obtained by the Times that "failure to apply the designation standards equally across the board will call into question the legitimacy of the process by which the designations were made." The memo also stated that the appearance of "arbitrary" Treasury standards like this one could open the "door for accusations that the determination process was influenced by political considerations or bias."
I recall that a Big 3 TV anchor had a ranch with a certain type of sheep. their wool is used by the US navy for garments. Not that this wool is needed now, but just in case there is a war.
Rich people getting a tax break for some ranch is ho hum. It happens often. No doubt Ted Turner of CNN fame has one for raising buffalo or something.
And look, Ted the lib plays that game too.
Ted Turner’s ranch protests lost agriculture tax status
I've never been run over by a tax break. But where I am at people die all the time by the hand of illegal aliens and people like you do not give shit. Very empathetic of you.
GO FUCK YOURSELF!
"The far-left weirdos are never satisfied to corrupt their own children, they want your kids too. The American Library Association loves to take potshots at Common Sense Media.
"These days, Common Sense Media’s initiatives contain a less than subtle paternalism based on the conviction that its values should control children’s learning experiences,"
wrote Joyce Johnston on the ALA's Intellectual Freedom Blog.
They have no problem, however, controlling children's learning experiences with their far-left values. For a laughable example, check out ALA's LGBT initiatives."
Why just call them far-left weirdos?
Also call them
* Arch-liberals
* Left wingers
* wingnuts
* alt Left
* Fascists
* Droogs
* CHUDS
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