U.S. poised to become net exporter of crude oil in 2023. God bless President Biden!!

[Joe Capitalist]

https://www.reuters.com/business/energy/us-poised-become-net-exporter-crude-oil-2023-2022-12-19/

HOUSTON, Dec 19 (Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.

Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about 3 million bpd of refined products like gasoline and diesel fuel. The United States is also the leading liquefied natural gas (LNG) exporter, where growth is expected to soar in coming years.

But the United States consumes 20 million barrels of crude a day, the most in the world, and its output has never exceeded 13 million bpd. Until recently, the idea that it would be anything but a big crude importer was folly.

Last month, U.S. government data showed net U.S. crude oil imports fell to 1.1 million barrels per day (bpd), the lowest since record keeping began in 2001. That is down sharply from five years ago, when the United States imported more than 7 million barrels per day.

MAGA wets panties:

The rest of America:

 

[cancel2 2022]

.
In other news, crude oil is poised to return to $100 per barrel.

$100 Oil To Return In 2023
By Alex Kimani - Dec 21, 2022, 3:00 PM CST
Portfolio manager Eric Nuttall sees oil returning to $100 per barrel in 2023.

The end of coordinated SPR releases, the gradual reopening of the Chinese economy and sanctions on Russian crude could lift oil prices in 2023.

Bank of America predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve.

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners LP, has told the Financial Post that oil prices will return to $100 per barrel in 2023.

According to the analysts, many of the headwinds that have cut short the oil price rally this year including China’s zero-Covid policy and the coordinated SPR releases by several governments, will no longer be there in 2023. Coupled with sanctions on Russia’s oil and gas, this should elevate oil prices. He has also predicted that the energy sector will continue to outperform other market sectors due to high demand in oil and gas stocks.

Nutall is not the only bull here.

Last week, the Bank of America predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and a “successful” economic reopening by China.

https://oilprice.com/Energy/Oil-Prices/100-Oil-To-Return-In-2023.html

 

[Walt]

In other news, crude oil is poised to return to $100 per barrel.

We have a lot more income in absolute dollars than we did when Bush took us to a sustained over $100 a barrel, so I guess we will survive.

 

[McRocket]

https://www.reuters.com/business/energy/us-poised-become-net-exporter-crude-oil-2023-2022-12-19/

HOUSTON, Dec 19 (Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.

Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about 3 million bpd of refined products like gasoline and diesel fuel. The United States is also the leading liquefied natural gas (LNG) exporter, where growth is expected to soar in coming years.

But the United States consumes 20 million barrels of crude a day, the most in the world, and its output has never exceeded 13 million bpd. Until recently, the idea that it would be anything but a big crude importer was folly.

Last month, U.S. government data showed net U.S. crude oil imports fell to 1.1 million barrels per day (bpd), the lowest since record keeping began in 2001. That is down sharply from five years ago, when the United States imported more than 7 million barrels per day.

What the FUCK are you babbling about?


According to the EIA of the Department of Energy?

In September, 2022, America field produced, 368,040,000 barrels of oil

Divided by 30 days?

That equals 12,268,000 barrels a day.

Which is nowhere, fucking near, 20 million barrels a day.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M


What the pathetic article is talking about - though does not seem to realize?
Is that America 'processes/refines', huge amounts of oil for other countries.
America imports other country's oil, processes/refines it and ships it back out (at a profit).
It has NOTHING to do with America's 'oil independence'.


When are you ignorant masses going to stop, blindly believing whatever you read/hear from the MSM?
No wonder so many of you are UTTERLY CLUELESS about SO much.
On BOTH sides.

 

[Lionfish]

What the FUCK are you babbling about?


According to the EIA of the Department of Energy?

In September, 2022, America field produced, 368,040,000 barrels of oil

Divided by 30 days?

That equals 12,268,000 barrels a day.

Which is nowhere, fucking near, 20 million barrels a day.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M


What the pathetic article is talking about - though does not seem to realize it.
Is that America 'processes/refines', huge amounts of oil for other countries.
America imports other country's oil, processes/refines it and ships it back out (at a profit).
It has NOTHING to do with America's 'oil independence'.



And, btw, though I am no fan of the guy?
Under Trump, field oil production peaked at over 402,000,000 barrels a month in December, 2019.
Are you going to give him credit for that?

I thought not.


When are you ignorant masses going to stop, blindly believing whatever you read/hear from the MSM?
No wonder so many of you are UTTERLY CLUELESS about SO much.
On BOTH sides.

The bulk of the really crazy wet panty lefties here just post bullshit hoping for a reaction. Brandon fucked the energy supply on day one in office.

 

[Joe Capitalist]

What the FUCK are you babbling about?


According to the EIA of the Department of Energy?

In September, 2022, America field produced, 368,040,000 barrels of oil

Divided by 30 days?

That equals 12,268,000 barrels a day.

Which is nowhere, fucking near, 20 million barrels a day.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M


What the pathetic article is talking about - though does not seem to realize it.
Is that America 'processes/refines', huge amounts of oil for other countries.
America imports other country's oil, processes/refines it and ships it back out (at a profit).
It has NOTHING to do with America's 'oil independence'.

And, btw, though I am no fan of the guy?
Under Trump, field oil production peaked at over 402,000,000 barrels a month in December, 2019.
Are you going to give him credit for that?

I thought not.

When are you ignorant masses going to stop, blindly believing whatever you read/hear from the MSM?
No wonder so many of you are UTTERLY CLUELESS about SO much.
On BOTH sides.

Talk to Reuters, not me. Reuters is a pretty respected media source, McDicket.
I'm not so sure about your sources. FoxNews maybe? You know, the media company that's being sued by Dominion for $3.1 billion for lying?
You need to check your sources, McDicket. You obviously don't know what the fuck you're babbling about (but at least you're consistent).

Reuters LEAST BIASED

These sources have minimal bias and use very few loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes). The reporting is factual and usually sourced. These are the most credible media sources. See all Least Biases sources.

Overall, we rate Reuters Least Biased based on objective reporting and Very High for factual reporting due to proper sourcing of information with minimal bias and a clean fact check record.
Detailed Report

Bias Rating: LEAST BIASED
Factual Reporting: VERY HIGH
Country: United Kingdom
Press Freedom Rank: MOSTLY FREE
Media Type: News Agency
Traffic/Popularity: High Traffic
MBFC Credibility Rating: HIGH CREDIBILITY

Founded in 1851, Reuters is the world’s leading international multimedia news agency. It is headquartered in London, United Kingdom.

Reuters was founded by Paul Julius Reuter, a German-born immigrant who moved to London and opened an office that transmitted stock market quotations between London and Paris via the new Calais-Dover cable. He had previously used pigeons to fly stock prices between Aachen and Brussels, which was also common to dispatch news. However, the Agence Havas (the predecessor of today’s AFP) was the first to start using the Morse telegraph. According to an article titled ”CHRONOLOGY: Reuters, from pigeons to multimedia merger,” overland telegraph and undersea cables enabled Reuters to expand its service beyond Europe to the Far East in 1872 and South America by 1874.

During both World Wars, Reuters came under pressure from the British government to serve British interests. In 1941 Reuters avoided this pressure by restructuring itself as a private company. Stephen J. Adler is the President and Editor-in-Chief of Reuters.

Read our government and media profile in the United Kingdom.


Funded by / Ownership

In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. Reuters is the news and media division of Thomson Reuters, which is the world’s leading source of intelligent information for businesses and professionals and is owned by The Woodbridge Company Limited, which owns approximately 62.35% of common shares and is the principal and controlling shareholder of Thomson Reuters – see Fact Book 2017 (pg 83) and Annual Report 2017. The Woodbridge Company Limited is based in Toronto, Canada. The chief executive officer of Thomson Reuters is James (Jim) C. Smith, and the chairman is David Thomson, who is also a Chairman of Woodbridge.

Analysis / Bias

In 2018, Reuters was named the winner of two Pulitzer Prizes on international reporting for exposing the methods of police killing squads in Rodrigo Duterte’s war on drugs and for feature photography documenting the Rohingya refugee crisis in Myanmar and Bangladesh.

In review, when covering Trump administration news, Reuters Editor In Chief wrote this message to staff “Covering Trump the Reuters Way,” urging them to stick with the Reuters “Trust Principles.” However, after the Capital Gazette shooting, Reuters Breaking news editor Rob Cox tweeted, “This is what happens when @realDonaldTrump calls journalists the enemy of the people. Blood is on your hands, Mr. President. Save your thoughts and prayers for your empty soul.” Cox later apologized and deleted the tweet. Regarding the incident, Steve Adler, Editor-in-Chief, published a statement regarding Rob Cox’s tweet stating, “Mr. Cox’s actions were inconsistent with the Thomson Reuters Trust Principles requiring journalists to maintain freedom from bias. We do not condone his behavior and will take appropriate action.”

In reporting, Reuters uses minimally biased emotional language in their headlines such as “Oregon right-wingers clash with anti-fascists at march in Portland” and “Trump lawyer Cohen vows to defend himself, puts family first: ABC News,” sourcing credible local sources such as the Oregonian newspaper and ABC news. In most cases, Reuters journalists are the primary source of stories and consistently report with minimal bias, covering both sides of issues.

 

[Earl]

So, Biden took office in Jan, 2021 and it will take two years to get back to Trump's energy independence.

"Poised to become net exporter of crude oil in 2023."

"Poised" is no guarantee of anything.

 

[McRocket]

[Talk to Reuters, not me.

Read NONE of that past the first sentence or two.

Instead of admitting your mistake and acting like an adult about it.
You act EXACTLY as expected...like a trolling, arrogant child.


Hey ignoramus?

It was you who - like the ignorant mass that you obviously are - blindly assumed that Reuters was right.
It was you who did not bother to check the data AT ALL!!!
And it was you who made a COMPLETE fool of himself with your orgasmic splurge of partisan celebration.
And it was you who, instead of taking responsibility for your mistake?
You blame it all on Reuters plus try to ad hominem me to try and sidetrack your fuck up.


And who gives a fuck how 'good' Reuters is?
ALL MSM SOURCES ARE VARYING DEGREES OF EXCREMENT!!!
DUH!!!


Btw, it took me less than 60 seconds to check the EIA website over this joke of a report that YOU FREAKED OUT ABOUT.


We are done here...as I can only stomach dealing with honorless, arrogant, ignorant trolls like you for just so long before my last meal decides to vacate my colon/stomach from whence it came.


We are done here...for now.

Merry Christmas

 

[Joe Capitalist]

Read NONE of that past the first sentence or two.


Hey ignoramus?

It was you who - like the ignorant mass that you obviously are - blindly assumed that Reuters was right.
It was you who did not bother to check the data AT ALL!!!
And it was you who made a COMPLETE fool of himself with your orgasmic splurge of partisan celebration.
And it was you who, instead of taking responsibility for your mistake?
You blame it all on Reuters plus try to ad hominem me to try and sidetrack your fuck up.


And who gives a fuck how 'good' Reuters is?
ALL MSM SOURCES ARE VARYING DEGREES OF EXCREMENT!!!
DUH!!!


Btw, it took me less than 60 seconds to check the EIA website over this joke of a report that YOU FREAKED OUT ABOUT.


We are done here...as I can only stomach dealing with arrogant, ignorant trolls like you for just so long before my last meal decides to vacate my colon/stomach from whence it came.


We are done here...for now.

No, we are done here FOREVER. I refuse to converse with a puerile, jejune moron who refuses to accept valid data that refutes his opinion.

Welcome to my IGNORE list. Adios, mutherfukker.

 

[Into the Night]

https://www.reuters.com/business/energy/us-poised-become-net-exporter-crude-oil-2023-2022-12-19/

...and now for some more propaganda from Reuters that Joe Capitalist mindlessly cut and pasted...

HOUSTON, Dec 19 (Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.

Fiction. The United States has always exported oil, and indeed usually exports more than it imports, except when the government banned exports (unconstitutionally) in 1975 until 2015, when the unconstitutional ban was repealed.

Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about 3 million bpd of refined products like gasoline and diesel fuel. The United States is also the leading liquefied natural gas (LNG) exporter, where growth is expected to soar in coming years.

Considering the ban that was lifted in 2015, of course it's a 'record'. BTW, exports were heavily reduced as Biden began his war on oil. That was overruled by the courts, and oil is beginning to flow again. This is also why prices are finally starting to come down for gasoline.

But the United States consumes 20 million barrels of crude a day, the most in the world, and its output has never exceeded 13 million bpd. Until recently, the idea that it would be anything but a big crude importer was folly.

Fiction.

Last month, U.S. government data showed net U.S. crude oil imports fell to 1.1 million barrels per day (bpd), the lowest since record keeping began in 2001.

Fiction. The U.S. government has no data on imports or exports.

That is down sharply from five years ago, when the United States imported more than 7 million barrels per day.

Fiction. The United States is part of the oil market, importing and exporting oil. Quoting made up numbers from the government is pointless.

 

[Into the Night]

Talk to Reuters, not me. Reuters is a pretty respected media source, McDicket.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

 

[Into the Night]

So, Biden took office in Jan, 2021 and it will take two years to get back to Trump's energy independence.

"Poised to become net exporter of crude oil in 2023."

"Poised" is no guarantee of anything.

This is nothing more than Biden trying to take credit for the courts that overruled his ban on oil permits. Oil is flowing again and gasoline prices are coming down not because of Biden, but because of the court that overruled him.

 

[Into the Night]

No, we are done here FOREVER. I refuse to converse with a puerile, jejune moron who refuses to accept valid data that refutes his opinion.

Welcome to my IGNORE list. Adios, mutherfukker.

You did not present any data. Random numbers are not data.
Reuters is not God either.

Putting people on ignore is pointless. It does not prevent them from posting. It only removes you from the conversation.

 

[McRocket]

So, Biden took office in Jan, 2021 and it will take two years to get back to Trump's energy independence.

"Poised to become net exporter of crude oil in 2023."

"Poised" is no guarantee of anything.

America was NOT, 'energy independent' under Trump.
No where near.

Nor is she under Biden.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M

America, at it's height under Trump, was still field producing barely 60% of the crude oil she needs per day.


You people - on both sides - need to stop, blinding believing whatever the MSM/politicians tells you.