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Posted On: 09/10/2018 1:31:43 PM
Post# of 65629
Texas Exports More Oil Than It Imports For First Time Ever
The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd. Over the next month, the advantage of exports over imports welled further, to an impressive 470,000 bpd.
Total U.S. oil exports in may hit a record of 2 million bpd, with Houston-Galveston’s share of the total at a record-breaking 70 percent, from an average of about 50 percent since the middle of 2017, the EIA said.
https://oilprice.com/Energy/Crude-Oil/Texas-E...-Ever.html
Remember when gas prices went over $4.00 a gallon and Obama said we couldn't drill ourselves out of the oil crisis??
Looks like Obama was wrong again.
The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd. Over the next month, the advantage of exports over imports welled further, to an impressive 470,000 bpd.
Total U.S. oil exports in may hit a record of 2 million bpd, with Houston-Galveston’s share of the total at a record-breaking 70 percent, from an average of about 50 percent since the middle of 2017, the EIA said.
https://oilprice.com/Energy/Crude-Oil/Texas-E...-Ever.html
Remember when gas prices went over $4.00 a gallon and Obama said we couldn't drill ourselves out of the oil crisis??
Looks like Obama was wrong again.
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