Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:36 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Iraq: Another Reminder That Exporting Oil Would Be a Bad Idea Back to Topics
largobob

Champion Author
Tampa

Posts:20,811
Points:3,980,760
Joined:Dec 2003
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
Profile Pic
andy1024
Champion Author Allentown

Posts:4,226
Points:998,380
Joined:Dec 2011
Message Posted: Jun 16, 2014 10:03:03 AM

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

Posts:12,842
Points:2,943,210
Joined:Apr 2005
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.
Profile Pic
NHLiveFree
Champion Author New Hampshire

Posts:14,042
Points:2,205,650
Joined:Jun 2008
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.
Profile Pic
humblepie
Champion Author Toledo

Posts:57,325
Points:2,973,545
Joined:Mar 2006
Message Posted: Jun 15, 2014 2:58:46 PM

sure wont help americans any
Profile Pic
gbs1
Champion Author Minnesota

Posts:4,586
Points:1,343,575
Joined:Mar 2011
Message Posted: Jun 15, 2014 12:06:59 PM

I agree.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,424
Points:2,449,955
Joined:Nov 2004
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."
Profile Pic
reidlej
Champion Author Columbus

Posts:2,435
Points:1,193,330
Joined:Jul 2011
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.
Profile Pic
Discovery02
Champion Author Colorado Springs

Posts:7,430
Points:894,095
Joined:May 2012
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.
Profile Pic
johnpuh
Champion Author Ohio

Posts:2,255
Points:760,850
Joined:Sep 2012
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.
Profile Pic
dallfo
Champion Author Denver

Posts:2,291
Points:423,675
Joined:Oct 2013
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.
Profile Pic
humblepie
Champion Author Toledo

Posts:57,325
Points:2,973,545
Joined:Mar 2006
Message Posted: Jun 15, 2014 10:02:22 AM

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

Posts:7,097
Points:1,736,590
Joined:Dec 2009
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.

Profile Pic
scorpiogg
Champion Author Modesto

Posts:1,645
Points:676,480
Joined:Nov 2012
Message Posted: Jun 15, 2014 9:37:17 AM

Ok
Profile Pic
dunesfly
Champion Author Cape Coral

Posts:2,190
Points:847,285
Joined:Jun 2012
Message Posted: Jun 15, 2014 9:14:50 AM

exporting would be dumb
Profile Pic
merlinCO
Champion Author Colorado

Posts:4,212
Points:935,110
Joined:Mar 2012
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.
Profile Pic
EnviroChemist
Champion Author Oklahoma

Posts:3,480
Points:799,510
Joined:Oct 2011
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.
Profile Pic
PhilMils
Champion Author Virginia

Posts:10,006
Points:1,457,240
Joined:Dec 2008
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.
Profile Pic
eyegotgas2
Champion Author British Columbia

Posts:4,024
Points:848,955
Joined:Sep 2011
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.
Profile Pic
brbaritone
Champion Author Virginia

Posts:3,624
Points:2,269,465
Joined:Jan 2007
Message Posted: Jun 15, 2014 7:29:10 AM

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

Posts:2,400
Points:945,215
Joined:Feb 2012
Message Posted: Jun 15, 2014 7:00:03 AM

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

Posts:7,106
Points:1,371,880
Joined:Feb 2011
Message Posted: Jun 15, 2014 6:50:49 AM

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

Posts:1,072
Points:397,915
Joined:Jun 2013
Message Posted: Jun 15, 2014 6:50:24 AM

Bad idea.
Profile Pic
VMIJim
Champion Author Alabama

Posts:2,973
Points:702,825
Joined:Jan 2013
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!
Profile Pic
bruce1156
Champion Author Mobile

Posts:2,097
Points:582,910
Joined:Nov 2012
Message Posted: Jun 15, 2014 6:27:16 AM

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

Posts:7,787
Points:1,463,530
Joined:May 2010
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 !!
Profile Pic
grandpadon28110
Champion Author Charlotte

Posts:7,303
Points:1,739,610
Joined:Sep 2008
Message Posted: Jun 15, 2014 5:52:00 AM

yes.
Profile Pic
Ltdc
Champion Author Long Island

Posts:9,590
Points:2,229,950
Joined:Jul 2007
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.
Profile Pic
moenkopi23
Champion Author Chicago

Posts:3,454
Points:865,980
Joined:Jul 2011
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]
Profile Pic
Amplion
Champion Author Oregon

Posts:9,458
Points:2,439,605
Joined:Sep 2005
Message Posted: Jun 15, 2014 4:02:06 AM

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

Posts:7,998
Points:1,693,370
Joined:Feb 2010
Message Posted: Jun 15, 2014 3:03:19 AM

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

Posts:6,759
Points:1,420,190
Joined:Oct 2010
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 ;)
Profile Pic
deant99
Champion Author Ontario

Posts:124,808
Points:345,140
Joined:Sep 2011
Message Posted: Jun 15, 2014 2:04:56 AM

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

Posts:2,507
Points:754,475
Joined:Sep 2012
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.
Profile Pic
tbelstone
Champion Author Jacksonville

Posts:1,654
Points:615,905
Joined:Nov 2011
Message Posted: Jun 15, 2014 1:32:26 AM

ok
Profile Pic
KAR120CSII
Champion Author Oregon

Posts:5,519
Points:1,114,625
Joined:Apr 2010
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 --
Profile Pic
Bttlecat
Champion Author Oklahoma City

Posts:2,103
Points:478,300
Joined:Jan 2013
Message Posted: Jun 15, 2014 1:17:30 AM

never has been a good idea
Profile Pic
roadrunnerMO
Champion Author Kansas

Posts:11,007
Points:2,299,965
Joined:Jul 2008
Message Posted: Jun 15, 2014 1:13:38 AM

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

Posts:13,347
Points:1,350,795
Joined:Apr 2011
Message Posted: Jun 15, 2014 1:06:22 AM

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

Posts:57,325
Points:2,973,545
Joined:Mar 2006
Message Posted: Jun 15, 2014 1:00:32 AM

true that
Profile Pic
toadNY
Champion Author Albany

Posts:9,675
Points:2,114,275
Joined:Apr 2008
Message Posted: Jun 15, 2014 12:54:55 AM

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

Posts:5,928
Points:1,347,330
Joined:Apr 2011
Message Posted: Jun 15, 2014 12:48:29 AM

Let keep our oil
Profile Pic
mwg6275
Champion Author Miami

Posts:2,222
Points:1,060,855
Joined:Aug 2005
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.
Profile Pic
hubers00
Champion Author Orlando

Posts:1,422
Points:438,040
Joined:Jan 2009
Message Posted: Jun 15, 2014 12:36:50 AM

agree
Profile Pic
Pilot925
Champion Author Atlanta

Posts:1,449
Points:470,750
Joined:Dec 2011
Message Posted: Jun 15, 2014 12:34:55 AM

Ok, cool deal.
Profile Pic
jimgraham
Champion Author Akron

Posts:12,977
Points:2,580,470
Joined:Oct 2007
Message Posted: Jun 15, 2014 12:34:43 AM

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

Posts:4,583
Points:875,705
Joined:Jul 2012
Message Posted: Jun 15, 2014 12:29:59 AM

As long as it brings our gas prices down!
Post a reply Back to Topics