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US producing too much oil causing Texas natural gas to go negative


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8 minutes ago, BOHICA said:

if US refiners can’t use our crude oil we produce why don’t exports match import?   You do realize they blend these oils right at the refinery….  Something like just north of 70% of US oil is blended with 30% imported oil to get the refiners the desired blend for refining.

plus corn squeezins... 

we export the vast majority of what comes from beneath our own soil.  all oil is not equal, the vast majority of what we refine for gasoline is still imported.   

d0 yER h0mEw0rk 

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1 hour ago, Crnr2Crnr said:

plus corn squeezins... 

we export the vast majority of what comes from beneath our own soil.  all oil is not equal, the vast majority of what we refine for gasoline is still imported.   

d0 yER h0mEw0rk 

We only export 3 million barrels a day last year while producing around 12 million barrels a day.  

 

we utilize majority of our of our oil in US refineries which us produced oil is blended with imported oil to get the desired oil grade

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12 hours ago, Stephen Hawking said:

I've been producing an over abundance of natural gas myself lately. Never thought of selling it.

:lol:

X2

My wife is unhappy with the gallon jar of pickled eggs I bought last week.,

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