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Author Topic: Iraq: Another Reminder That Exporting Oil Would Be a Bad Idea Back to Topics
largobob
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Tampa

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Message Posted: Jun 15, 2014 12:27:12 AM

A few weeks ago, Continental Resources (NYSE: CLR ) applied to export some of its crude oil out of the United States. The company is pushing for America to end its more than 40-year ban on oil exports so that it can get its oil into refineries that can better processes it. While there are a number of positives to be gained from lifting the ban, the recent violence in Iraq reminds us that ending the ban could end up being a very bad idea.
Visit CNN for full article
REPLIES (newest first) Post a Reply
andy1024
Champion Author Allentown

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Message Posted: Jun 16, 2014 10:03:03 AM

Eventually importing/exporting will lose its significance as the world becomes more connected.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Jun 16, 2014 3:21:41 AM

If America wants to out do the stupidity we have already displayed by exporting gas and diesel the exporting crude would be the next big step. Instead of keeping the gas and diesel at home it is allowed to feed the world market and drive our prices up over 200 percent on a good day. So when we hear the profiteers saying that it would do the American economy good to export crude and natural gas it is true But!, it would really stick it to the real Americans.
NHLiveFree
Champion Author New Hampshire

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Message Posted: Jun 16, 2014 12:06:29 AM


They likely just repeated the press release from Continental Resources Jeff. The same is happening throughout print, web, and video media as proofreading is eliminated to save money.
humblepie
Champion Author Toledo

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Message Posted: Jun 15, 2014 2:58:46 PM

sure wont help americans any
gbs1
Champion Author Minnesota

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Message Posted: Jun 15, 2014 12:06:59 PM

I agree.
Jeff4U
Champion Author Atlanta

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Message Posted: Jun 15, 2014 11:03:31 AM

CNN no longer proof-reads their own articles?
Do you see anything wrong with this:
"get its oil into refineries that can better processes it."
reidlej
Champion Author Columbus

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Message Posted: Jun 15, 2014 11:02:54 AM

I agree we don't want to export. Less supply in the US tends to lead to higher pump prices. Purely supply and demand.
Discovery02
Champion Author Colorado Springs

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Message Posted: Jun 15, 2014 10:59:12 AM

If we are continuing to pay a premium to IMport oil, it makes no sense to EXport oil.
johnpuh
Champion Author Ohio

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Message Posted: Jun 15, 2014 10:22:21 AM

Do not lift the ban on crude oil exports, and end record exports of refined products.
dallfo
Champion Author Denver

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Message Posted: Jun 15, 2014 10:07:11 AM

To achieve energy independence we need to...

Ban the export of both crude and refined oil.

Ban the export of natural gas.

Increase the use of our coal reserves, which are the largest in the world.

Build more refineries.

Build more pipelines.

Vote Republican.
humblepie
Champion Author Toledo

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Message Posted: Jun 15, 2014 10:02:22 AM

okay the xl and tell opec to pound sand
wrunner
Champion Author Virginia

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Message Posted: Jun 15, 2014 9:48:30 AM

Keep U.S. oil in the U.S.A.

Keep U.S. jobs in the U.S.A.

scorpiogg
Champion Author Modesto

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Message Posted: Jun 15, 2014 9:37:17 AM

Ok
dunesfly
Champion Author Cape Coral

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Message Posted: Jun 15, 2014 9:14:50 AM

exporting would be dumb
merlinCO
Champion Author Colorado

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Message Posted: Jun 15, 2014 9:11:50 AM

Nothing is stopping the Chinese from drilling and exporting their oil. Keystone would only amplify that problem.
EnviroChemist
Champion Author Oklahoma

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Message Posted: Jun 15, 2014 8:58:14 AM

We should impose limits on the exportation of our refined petroleum products as well, to accompany those placed on the imposed on crude oil.
PhilMils
Champion Author Virginia

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Message Posted: Jun 15, 2014 8:21:31 AM

Agreed.

Not only should we not export US crude oil, we should not export any crude oil or refined oil fuel products, no matter what the original source.
eyegotgas2
Champion Author British Columbia

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Message Posted: Jun 15, 2014 8:17:50 AM

You don't want to depend on oil from the Middle East. Saudi Arabia is stable but Iran and Iraq are bad news.
brbaritone
Champion Author Virginia

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Message Posted: Jun 15, 2014 7:29:10 AM

Thank you! Exporting oil would damage our economy and our security.
dave27johnson
Champion Author Chicago

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Message Posted: Jun 15, 2014 7:00:03 AM

Yes, as bad idea. Keep it local.
scu227
Champion Author New Haven

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Message Posted: Jun 15, 2014 6:50:49 AM

WE NEED TO TAKE CARE OF OUR COUNTRY FIRST
tim1999
Champion Author Kansas City

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Message Posted: Jun 15, 2014 6:50:24 AM

Bad idea.
VMIJim
Champion Author Alabama

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Message Posted: Jun 15, 2014 6:47:08 AM

Same old crap, different day when it comes to price increase excuses from speculator vultures & aided by one of the most liberal media outlets, Clinton News Network. Meanwhile, the roller coaster ride of fuel prices under Oblamer continues amid all his lies, coverups, scandals, failed economic & foreign policies, abuses of power, gross incompetence, & major campaign contributions from Big Oil/Utilities. Working class taxpayers continue to be screwed at the pump, with our utilities, & with our taxes while Oblamer pushes his tree hugging, stimulus sucking, union dominated, out of control spending, ultra liberal agenda at our expense. Stop this madness in Nov 14 & start taking our country back before it's too late!
bruce1156
Champion Author Mobile

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Message Posted: Jun 15, 2014 6:27:16 AM

Until we are no longer importing oil, we need to keep it.
Buckeyee
Champion Author Maine

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Message Posted: Jun 15, 2014 6:18:16 AM

Maybe " Dear Leader " will have to curtail all his numerous free vacations & overseas trips, NA, not him !!
grandpadon28110
Champion Author Charlotte

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Message Posted: Jun 15, 2014 5:52:00 AM

yes.
Ltdc
Champion Author Long Island

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Message Posted: Jun 15, 2014 5:40:12 AM

I'm not saying we should export our oil but just think of where we would be if the rest of the world had the same attitude about their oil.
moenkopi23
Champion Author Chicago

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Message Posted: Jun 15, 2014 5:19:03 AM

If one good thing comes from this it is that our collective American memory will get some badly needed refreshing on why we need to be energy independent and why we need to embrace alternative energy sources such as hydrogen fuel cell technology.

[Edited by: moenkopi23 at 6/15/2014 5:19:51 AM EST]
Amplion
Champion Author Oregon

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Message Posted: Jun 15, 2014 4:02:06 AM

I AGREE, EXPORTING OIL HAS ALWAYS BEEN A BAD IDEA !!!
JohnofGB
Champion Author Flint

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Message Posted: Jun 15, 2014 3:03:19 AM

The only people that would benefit from oil exports is big oil
Point__man
Champion Author Raleigh

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Message Posted: Jun 15, 2014 3:01:42 AM

Iraq should be an excellent indication of why our country as a whole should cut back on the use of petroleum as well as not exporting it. The spigots are wide open now and industrial use is at record heights ;)
deant99
Champion Author Ontario

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Message Posted: Jun 15, 2014 2:04:56 AM

It's amazing what can happen when a few noses get out of joint.
2b0b
Champion Author Tulsa

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Message Posted: Jun 15, 2014 1:34:22 AM

I think CNN got it wrong again. Didn't Continental Resources apply for a permit to swap some light oil for heavy oil, most probably with PEMEX.
tbelstone
Champion Author Jacksonville

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Message Posted: Jun 15, 2014 1:32:26 AM

ok
KAR120CSII
Champion Author Oregon

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Message Posted: Jun 15, 2014 1:19:32 AM

Thanks for the article -- yet another reason to keep our oil here and have our refiners in control --
Bttlecat
Champion Author Oklahoma City

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Message Posted: Jun 15, 2014 1:17:30 AM

never has been a good idea
roadrunnerMO
Champion Author Kansas

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Message Posted: Jun 15, 2014 1:13:38 AM

Always think such would be a bad idea.
drpepperTX
Champion Author Texas

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Message Posted: Jun 15, 2014 1:06:22 AM

I don't think we'll find out either way any time soon.
humblepie
Champion Author Toledo

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Message Posted: Jun 15, 2014 1:00:32 AM

true that
toadNY
Champion Author Albany

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Message Posted: Jun 15, 2014 12:54:55 AM

Why are we exporting oil an gas?
el_fr
Champion Author Massachusetts

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Message Posted: Jun 15, 2014 12:48:29 AM

Let keep our oil
mwg6275
Champion Author Miami

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Message Posted: Jun 15, 2014 12:47:05 AM

This is what I have already commented. This should put an end to the idea of exporting USA oil.
hubers00
Champion Author Orlando

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Message Posted: Jun 15, 2014 12:36:50 AM

agree
Pilot925
Champion Author Atlanta

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Message Posted: Jun 15, 2014 12:34:55 AM

Ok, cool deal.
jimgraham
Champion Author Akron

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Message Posted: Jun 15, 2014 12:34:43 AM

NO exporting of US crude. NONE....
pricewar
Champion Author Ogden

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Message Posted: Jun 15, 2014 12:29:59 AM

As long as it brings our gas prices down!
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