usmbguest5318
Gold Member
Donald Trump just represented to the Boy Scouts at a jamboree in WVa that the U.S. is not an energy exporter!
Nothing could be farther from the truth!
Nothing could be farther from the truth!
- U.S. exports of Petroleum
- The Booming Influence of U.S. Energy Exports, At Home and Abroad -- This is from the conservative press
- U.S. Energy Exports: First Comes Crude, Then Comes LNG
- U.S. Energy Exports
- The United States has exported natural gas for almost a century, primarily through pipelines to Canada and Mexico, and also through a relatively small LNG plant in Alaska that operated from 1969 to 2012, according to the Congressional Research Service (CRS).
- Oil export restrictions began in the 1970s when price controls on U.S. oil prompted domestic producers to seek more lucrative foreign markets. The 1973 Arab oil embargo, which led to widespread shortages in the United States, led Congress to pass the Energy Policy and Conservation Act of 1975, prohibiting the export of oil unless the president determined that certain exports are in the national interest. (A series of subsequent federal statutes regulating oil exports are detailed in this 2014 CRS report on crude oil export policy.)
- "I believe that the question of whether the United States should have a substantially more permissive policy with respect to the export of crude oil and with respect to the export of natural gas is easy. The answer is affirmative," former Treasury Secretary Lawrence Summers said in September 2014.
- U.S. energy security and its ability to project power have been enhanced by the shale revolution, but predictions of the United States becoming a "Saudi America" are overblown. Pundits and officials have floated arguments that the United States can flood the market with oil or deliver LNG to Ukraine as a response to Russian pressure, but experts see these ideas as fanciful.
- Tangible benefits of increased energy production and potential exports are more limited. They include, in the short run, a reduction in the U.S. trade deficit, promotion of freer international trade policies, and the development of spare oil and gas capacity that can stabilize prices in the event of disruptions due to sanctions or conflicts. These benefits diminish in the long run.
- The United States has exported natural gas for almost a century, primarily through pipelines to Canada and Mexico, and also through a relatively small LNG plant in Alaska that operated from 1969 to 2012, according to the Congressional Research Service (CRS).
- U.S. Coal Exports
- U.S. propane exports increasing, reaching more distant markets