- Reaction score
- 7,579
- Points
- 1,260
So on 1 hand they are importing from us 4+m bpd of our oil - at below market prices - on the other hand this is occuring.No, they claim not to… Obviously though there’s still an economic case to be made for our oil as cheaper inputs. But if they desire to vassalize us, that interest is served by maintaining dominance in our export market, and trying to keep the WTI/WCS differential up.
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
- U.S. crude oil exports surged to a record 5.2 million barrels per day in April, according to data from commodities data firm Kpler.
- Exports are surging as buyers in Asia and elsewhere seek U.S. crude oil as an alternative to Middle East supplies lost due to the Iran war.
- Corpus Christi, Texas, one of the largest oil export terminals in the world, had the busiest first quarter in its history.
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
Oil exports are booming from the U.S. Gulf Coast thanks to the Middle East supply disruption caused by the Iran war.
The Port of Corpus Christi has never been busier as tankers from around the world flock to the U.S. Gulf Coast to load up on crude oil during the Iran war.
U.S. oil exports have jumped to 5.2 million barrels per day (bpd) in April, a more than 30% increase over the 3.9 million bpd exported in February before the war, according to data from Kpler.
Ship traffic in Corpus Christi rose to more than 240 vessels in March compared to the 200 the port normally sees in a month, the CEO said.
Canadians need to be told this on a daily basis until its drilled into their heads - we do NOT need another pipeline down to the US, we need pipelines to the coasts so that we have the ability to send our oil to around the world at a HIGHER price than what we are getting today. That new pipeline that Trump just signed off on - bollocks, by doing this we will allow the US to increase their exports even higher and make even more money as a result all while shielding the US consumer from paying fair market prices.

