Higher rig counts in the Permian Basin HZ tight oil play result in more LTO production that must be exported to foreign countries.
As more and more people are beginning to feel the ramifications of affordable oil scarcity, with their pocket book, a gradual shift is occurring away from the ESG mandate to energy security here in the US. Those folks are beginning to question hydrocarbon exports.
The export debate has nothing to do with today and everything in the world to do with...tomorrow. Its not about gasoline prices now, nor politics, nor altering foreign policy, or trade deficits, and certainly nothing whatsoever to do with climate change.
Its about savings accounts and being prepared for the future.
I invite you, please, to read my explanation against increasing oil exports from the US, below, in the comment section. If you are good with worrying about tomorrow... when it gets here, skip it.
"I have a very fundamental problem with exporting, I really do," said Patrick Nye.
Click to see article and video clip.
Outbound for wherever at the Port Aransas Ship Channel. All day, every day, non stop. 3.5-4.5 MM BOPD and growing; over 70% of all tight oil production from the Permian Basin, America's last hope for long term oil security... sailing away, never to be seen again.