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US Oil Exports Hit Record Pace. That's Right, Exports

The oil companies are

The oil companies are exporting crude to overseas markets and letting them drill more domestically or offshore would be a waste of our oil because we wouldn't of received any benefit. Research how much crude oil, heating oil, natural gas, LNG, diesel, and gasoline is exported from this country and you would be shocked. Lots of the oil in the Alaskan Pipeline is shipped to Japan. The oil companies say they want to build more refineries and do more drilling, but I say they don't need to do either until we stop all exports. We can never be energy independent as long as we continue exporting to other countries. Offshore drilling and onshore drilling in Alaska is extremely attractive to oil companies because one offshore well can equal fifteen onshore wells in production and drilling in Alaska produces large volumes of oil. For every barrel of oil we send overseas that's another barrel of oil we have to import.

A good rule of thumb regarding oil.....it always chases the dollar bill and goes to the most illogical spot.

I do hope that they just

I do hope that they just keep the oil home rather than export it. Billions of dollars used in oil imports would be saved if we would keep our oil here. Though if we do that, we still need to keep in mind the different and not waste too much of the homegrown fuel.

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