Article

2015-11-30 Economy

Lifting Champ's Oil Export ban will Create 300k Jobs And $38 Billion

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Posted by Besoeker 2015-11-30 06:44|| || Front Page|| [6 views ] Top

#1 Must be a tough call for Champ. Selling off our oil means we have less and helps keep the price down for poor undeveloped countries - like Kenya. On the other hand, it keeps the price low, which is bad for his oil-producing buddies. But it would reduce unemployment. But that reduces government dependence, which is a good thing.

Good thing he has ValJar to point him in the right direction - this is sooooo confusing!

Posted by Bobby 2015-11-30 07:57|| 2015-11-30 07:57|| Front Page Top

#2 Champ's export ban? Here I thought that was something that popped up well before the man was even around. IIRC that the deal for the Alaskan oil pipeline banned export of that crude. Then the '73 oil crisis did it's thing to the process.

If there's anything at is subject to vagaries of the market, oil certainly is one. I'm sure the quick buck artists are desperate to dump on the international market at our long term expense.

Right now we're sitting on a self sufficiency as the world is going mad. Better to look long term for our security.

Posted by Procopius2k 2015-11-30 08:56|| 2015-11-30 08:56|| Front Page Top

#3 P2k, 1973 was bathed in the Cold War and the Middle East's proxy standing.

Sorta something like what's going on now.

Oh, don't forget the Graft Potential.

Posted by AlanC 2015-11-30 11:54|| 2015-11-30 11:54|| Front Page Top

#4 The last time I checked the numbers the US is importing somewhere between 44 and 48% of the oil used here.

Posted by Thing From Snowy Mountain 2015-11-30 12:40|| 2015-11-30 12:40|| Front Page Top

#5 more exports would tend to support the argument for more of those anti-enviro friendly pipelines or more of those really icky exploding trains that just won 3 more years to install PTC....
how would this play to bammie's eco-legacy?

Posted by USN, Ret. 2015-11-30 15:09|| 2015-11-30 15:09|| Front Page Top

#6 Snowy how much of the imported is for domestic use as opposed to ruining thru a refinery and exporting it? Still freaks me out that the U.S. Is the largest exporter of fuel in the world (don't know if that is net or gross).

Posted by Shipman 2015-11-30 16:34|| 2015-11-30 16:34|| Front Page Top

#7 Ship: the EIA says that refined products exports mean the net imports are lower, and it's only about 27 %, but that's for 2014. I think it'll be lower this year.

Posted by Thing From Snowy Mountain 2015-11-30 20:59|| 2015-11-30 20:59|| Front Page Top

#8 BRB gotta install El Capitan. Ugh.

Posted by Thing From Snowy Mountain 2015-11-30 20:59|| 2015-11-30 20:59|| Front Page Top

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