LindsayRichards
Tavares, FL
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We have been shipping highly volatile factions from the Midwest to Canada for mixing with their surface oil to lower the viscosity since the days of Richard Nixon. Contrary is what has been said on this board repeatedly, this is the only oil exported in the last 40 years. Only a small portion of the US oil fits into this category. Its is called dilution oil. This is the best use for this type if highly shale oil. This Texas oil is not crude oil and goes through a distillation process. It will make good fodder for the environmentalist wacko blogs though. If somebody doesn't agree with it and thinks affects prices, they should write the people mentioned in the first sentence of the article. (The Obama Administration). This highly volatile product is sold at a premium as it makes the foreign heavy oil more usable and is a win win for both buyer and seller.
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RambleOnNW
Pacific Northwest
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Condensate oil is light crude oil minimally processed with the volatile gases removed, and itself can be refined into gasoline and diesel. All forms of crude, including light crude and condensate, have not been allowed to be exported (except to Canada) for 40 years.
Also the statement about dilution oil shipments only to Canada -- what oil do you think the train in Lac-Mégantic, Quebec that derailed and exploded contained? Bakken oil.
* This post was
edited 06/25/14 09:03pm by an administrator/moderator *
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tomman58
Southeast Michigan
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vikrv wrote:Condensate oil is light crude oil minimally processed with the volatile gases removed, and itself can be refined into gasoline and diesel. All forms of crude, including light crude and condensate, have not been allowed to be exported (except to Canada) for 40 years.
Also the statement about dilution oil shipments only to Canada -- what oil do you think the train in Lac-Mégantic, Quebec that derailed and exploded contained? Bakken oil.
Please do not question the BIL of the mod or your posts will be deleted.
Most of us do not post here often because of that but there are other threads not so dictator like for you ideas.
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John / Angela
World Travelers.
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1.44 euros per litre here in Madrid Spain. Talking to the locals it has been fairly solid here. Less RV'S here but we are staying right downtown just off the Puerta del Sol.
Our new favourite largs european city. Like all the spanish cities and towns we have seen, incredibly clean, excellent transportation and very green. Apparently the second greenest city in the world with huge trees and flowers hers everywhere. Reasonable prices and lots to do no matter what time of the day it is. Reccomend this as a destination for anyone. Again renting bikes is a good way to go if you are doing lots of miles. For stuff further out use the metro. Again watch for pickpockets. No real violent crime here, just little stuff. Spending a few more days here and then off to Segovia.
Hasta luego.
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LindsayRichards
Tavares, FL
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Canada has been the only recipient of dilution oil since the Arab oil embargo. It makes the Canadian thick surface oil thinner and more usable. Volume has gone way up as their deposits have increased. It is used in Canada and shipped back to the US mixed in with their oil. Much is shipped thru Keystone XL One and much is shipped back via rail by Obama's buddy. If the conspiracy theory guys here know of any other, lets turn them in and get them put in jail for breaking the federal laws. There may even be a reward. If you don't want us to sell the light oil mentioned in the article, tell your congressman as Obama's folks have to approve it.
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RambleOnNW
Pacific Northwest
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No mention of "dilution oil" here:
"... other exporters like Valero Energy, which sends U.S. oil to its Quebec refinery"
"the U.S. Department of Commerce has issued 43 licenses over the last six months allowing companies to export U.S. oil for use by Canadian refineries"
Read it at http://www.reuters.com/article/2014/04/11/usa-exports-oil-idUSL2N0N30UM20140411
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LindsayRichards
Tavares, FL
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Not sure what you think the problem is here. The US oil exported to Canada is used to lower the viscosity of the Canadian oil so it can be used. Canada uses it's oil domestically and exports the rest. The US gets 99% of the Canadian oil exported. Canada is the largest importer of oil to the US. We are their only customer (99%) and our exporting our light oil allows this to happen.
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time2roll
Southern California
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SRT
Head of the Lakes, MN
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Gasoline prices have temporarily "settled" in a range of $3.59 to $3.69. With the 4th this Friday it will be interesting to see if prices remain the same or increase. If Iraq "blows up" prices will probably shoot up.
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John / Angela
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1.38 here in Granada Spain. Didnt catch the price of diesel. Been on the road all day. Very cool travel centres here. Flying J eat your heart out. ![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/smile.gif "smile")
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