Thursday, February 08, 2018

US exports oil to Middle East

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn't the most obvious customer for Texan oil.

More

Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.

Comments

Our oil exports are small. Our natural gas exports are huge. The exported oil is to keep the Arabs from sucking their own wells dry.

You folks may remember back a few years ago, when gasoline was over $4/gallon, I was helping design a facility in LA that was the first facility licensed to export nat. gas.

America first, my ass!!!

#1 | Posted by kudzu at 2018-02-09 11:41 AM

Drudge Retort Headlines

Florida Governor: Those Under Age 21 Should Not Own Guns (226 comments)

Texas School Will Punish Any Student Who Protests (83 comments)

3 More Deputies On Scene Did Not Enter School (81 comments)

Parkland School Cop Didn't Enter Building (68 comments)

The AR-15 Inflicts Devastatingly Different Wounds (62 comments)

32 More Indictments for Manafort, Gates (56 comments)

More Guns Do Not Stop More Crimes (52 comments)

Gates Expected to Plead Guilty, Help Mueller (42 comments)

Teacher Bonuses for Guns But Not Education (38 comments)