PYSS on the Canadian/Texas oil line!! It only makes VP Cheney richer!!
~the left

#10 | Posted by phesterOBoyle

Since it is designed to foreign ship oil to Texas for processing and shipping out of the US, it sure doesn't help America, doers it?

"For the first time since 2003, Saudi imports accounted for more than 15 percent of total U.S. oil imports," the Financial Times observed.

"The gulf as a whole accounted for more than 25 percent, a nine-year high."

By the end of November, amid "unusually strong demand ... Kuwait had shipped more oil to the U.S. than in any year since 1998."

How long U.S. dependence on gulf oil will continue isn't clear. It's likely to be a few years yet, since many of its refineries are geared to process the heavy varieties of crude that come from the Persian Gulf, rather than the lighter, high-quality crude produced from the vast shale fields in North Dakota and Texas.

The United States in 2011 exported more petroleum products, on an annual basis, than it imported for the first time since 1949, but American refiners still imported large, although declining, amounts of crude oil, according to full-year trade data from EIA's Petroleum Supply Monthly February report. The increase in foreign purchases of distillate fuel contributed the most to the United States becoming a net exporter of petroleum products.

How can you rip the industry, when you have repeatedly demanded not only 'tax breaks' be recinded,

unlike you, my socialist friend, I believe in capitalism. End socialist policies toward oil companies and let the market decide whether they adapt or die.

Case in point care to tell us why Hess is closing refineries?

Simple capitalist economics. Demand is down, thanks to Republican fiscal and foreign policies in 2001-2008, so supply has to be reduced in order to keep profit margins up. You socialists really need to understand the glory of free market capitalism.

That's just great I ask you a direct questionm, and you have NO IDEA how to answer!!!

Sorry to deflate your ego, comrade, but I hadn't read your brilliant comment before I had posted that. soemtimes people here actually research their answers, instead of repeating Glen Beckisms.

It isn't really all about you, you know.

But, as you so rightly note, thanks to Obama, shale oil will free America from its foreign masters in Saudi Arabia, even though they are much beloved by the Republicans, who have repeatedly sent Americans to die to protect their gold toilets.

Shale oil has a terrible EROI and is an environmental nightmare, like tar sands.

#25 | Posted by nullifidian

And you think these minor quibbles will stop DTW and his ilk, or the gummint,from borrowing as much money as possible to hand producers to milk the shale?

If that's the case why are gas prices near all time highs?

Because the wiley capitalists are reducing production to keep prices up. How else could they continue to make record profits during the Bush Depression?

I asked you direct question on refineries. Are you afraid to answer? Must be....

#23 | Posted by DavetheWave

And I answered, but your only response was an insult. Clearly I'm right and deep in your head.

I haven't heard glenn beck in 4 years, but I do listen to biz news all day long.

Sure you do. I distinctly remember you stating as all the sane economists did, that Obama created more jobs in 4 years than Bush did in 8. And I remember you pointing out repeatedly that Bush's meager job creation numbers were based on massive public sector hiring, while Obama's numbers were in spite of massive public sector job cuts.

And DTW, just before I put you in the "too stupid to respond to file", nyah nyah nyah, I am right and you, as usual, are wrong:

"WASHINGTON, Feb 27 (Reuters) - U.S. oil consumption posted an
unexpected drop in December, pulling total demand for 2012 to the lowest
annual level since 1996, the U.S government said on Wednesday.
The decline is the latest chapter in a years-long stretch of tepid
oil demand in the United States, reflecting a weak economy and high
unemployment, growing vehicle efficiency and high fuel prices that have
cut into usage.
The Energy Information Administration said in its monthly petroleum
supply report that oil demand in the world's top consumer dipped to 18.13
million barrels per day in December, down 4.4 percent or 835,000 bpd from
a projection last week.
Oil demand for the year was at 18.56 million bpd, down 2.08 percent
compared with 2011, with petroleum use falling in every month in 2012
except May."

"US petroleum consumption declined by 2.2 million barrels per day between 2005 and 2012. The decline was widespread across different types of fuel use."

And another one bites the dust.

Somebody just fart out loud here?

Another sore loser bites the dust.

Facts just aren't the rights' friends, are they?