Posted by John in La on December 07, 2014 at 07:52:05 from (96.33.136.54):
In Reply to: N.Dakota Oil posted by Icuby on December 07, 2014 at 06:15:26:
Yes we are now the top producer of oil products in the world. But only if you consider N. Gas in. Take N. Gas out and only consider crude oil and Russia and Saudi Arabia are still ahead of us.
We still import crude oil everyday. Why would we be looking to remove the band on crude oil exports if we are importing it? Could it be our refineries are set up to process junk heavy crude from overseas rather than good sweet crude we produce in the U.S. Building new refineries in the U.S. is a no go with our government rules; that is why our refineries are expanding old refineries rather than building new.
The government is the one holding tight on the ban of exports. If we export oil; the price would now be based on world market and not local market. If that were to cause pump gasoline to go up here they might lose votes.
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