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BP, Shell and Vitol eyeing US crude exports to Canada

Reuters -- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

A surge in output from shale oil reserves in the Bakken of North Dakota and Eagle Ford of Texas has raised U.S. domestic production to the highest level since 1995.

While the United States still imports more than 8 million barrels of crude oil per day, a glut of light, sweet crude oil created by the controversial hydraulic fracturing or 'fracking' boom could fetch higher prices on international markets.

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Submitted Oct 12, 2012 By: NOTSOGRN

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rjhenn Champion Author Des Moines Posts:22,419 Points:2,226,900 Joined:Aug 2005	Message Posted: Oct 14, 2012 1:14:21 AM Ignore rjhenn Report Abuse Are any of you people actually reading the article???????
gobux10 Champion Author Ohio Posts:3,159 Points:677,035 Joined:Mar 2010	Message Posted: Oct 13, 2012 8:16:04 AM Ignore gobux10 Report Abuse K
1006 Champion Author Birmingham Posts:1,105 Points:1,352,565 Joined:Apr 2008	Message Posted: Oct 13, 2012 7:35:58 AM Ignore 1006 Report Abuse prices are not going this time.
69Bonne Champion Author Gary Posts:1,135 Points:470,125 Joined:Sep 2005	Message Posted: Oct 13, 2012 12:42:16 AM Ignore 69Bonne Report Abuse Another way to keep prices high.
Dragnet Champion Author Arizona Posts:15,390 Points:2,905,735 Joined:Jul 2004	Message Posted: Oct 13, 2012 12:40:35 AM Ignore Dragnet Report Abuse SSDD
BobD2009 Champion Author Long Island Posts:6,974 Points:1,236,860 Joined:Apr 2009	Message Posted: Oct 13, 2012 12:31:52 AM Ignore BobD2009 Report Abuse Old news.
gmcgas Champion Author Atlanta Posts:5,937 Points:1,711,145 Joined:Mar 2004	Message Posted: Oct 13, 2012 12:29:21 AM Ignore gmcgas Report Abuse nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnice.
10k Champion Author North Carolina Posts:21,226 Points:2,251,095 Joined:May 2006	Message Posted: Oct 13, 2012 12:28:52 AM Ignore 10k Report Abuse in other news, the nationals just blew up in the 9th inning against the cardinals, and st louis wins 9-7..
1fulltank Champion Author Buffalo Posts:7,888 Points:1,541,385 Joined:Nov 2008	Message Posted: Oct 13, 2012 12:27:00 AM Ignore 1fulltank Report Abuse old news.
LanguageMan1 Champion Author Tampa Posts:11,707 Points:1,658,865 Joined:Apr 2008	Message Posted: Oct 13, 2012 12:26:25 AM Ignore LanguageMan1 Report Abuse It'll only keep prices higher at the pump.
RADIOCANADA499 Champion Author Ontario Posts:2,321 Points:774,005 Joined:Aug 2005	Message Posted: Oct 13, 2012 12:24:36 AM Ignore RADIOCANADA499 Report Abuse ok
sljbc475 Champion Author Tucson Posts:4,205 Points:869,450 Joined:Dec 2010	Message Posted: Oct 13, 2012 12:24:27 AM Ignore sljbc475 Report Abuse Role reversal! We ship to Canada instead of them shipping to the US.
Batman302 Champion Author Wilmington Posts:11,505 Points:1,705,875 Joined:May 2008	Message Posted: Oct 13, 2012 12:23:45 AM Ignore Batman302 Report Abuse Why would we build the Keystone pipeline if we are sending oil to Canada?
GigHarborHound Champion Author Tacoma Posts:2,522 Points:485,565 Joined:Sep 2011	Message Posted: Oct 13, 2012 12:23:01 AM Ignore GigHarborHound Report Abuse OK
OGW Champion Author London Posts:5,324 Points:1,529,650 Joined:Sep 2005	Message Posted: Oct 13, 2012 12:06:06 AM Ignore OGW Report Abuse What crap, Canada does not need any and the Bakken fields are mostly under Canadian soil anyway and Canada is drawing from those fields every day.
jem069 Champion Author Detroit Posts:2,523 Points:684,155 Joined:Jan 2011	Message Posted: Oct 13, 2012 12:04:56 AM Ignore jem069 Report Abuse Ok
mrksn Champion Author New Jersey Posts:13,664 Points:2,704,260 Joined:Aug 2005	Message Posted: Oct 12, 2012 11:59:46 PM Ignore mrksn Report Abuse gREED
TDIdave Champion Author California Posts:5,048 Points:1,222,790 Joined:May 2006	Message Posted: Oct 12, 2012 11:58:51 PM Ignore TDIdave Report Abuse So much for energy independence. It's all about greed as usual.
WIPACKERFAN Champion Author Chicago Posts:8,789 Points:1,840,525 Joined:Aug 2005	Message Posted: Oct 12, 2012 11:58:32 PM Ignore WIPACKERFAN Report Abuse OK
BrucePen Champion Author Ontario Posts:6,591 Points:1,359,890 Joined:Sep 2008	Message Posted: Oct 12, 2012 11:58:32 PM Ignore BrucePen Report Abuse Is BP still solvent?
abacus44 Champion Author Toms River Posts:3,465 Points:745,565 Joined:Jan 2011	Message Posted: Oct 12, 2012 11:57:33 PM Ignore abacus44 Report Abuse OK
diesel8888 Champion Author Salt Lake City Posts:1,181 Points:356,590 Joined:Nov 2011	Message Posted: Oct 12, 2012 11:53:45 PM Ignore diesel8888 Report Abuse Ok
bonzoonfmb Champion Author Florida Posts:1,767 Points:641,660 Joined:Feb 2010	Message Posted: Oct 12, 2012 11:53:38 PM Ignore bonzoonfmb Report Abuse What? The U.S. isn't able to export its own oil fast enough?
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Oct 12, 2012 11:53:13 PM Ignore mstearno Report Abuse we need the pipeline
camel1 Champion Author Minnesota Posts:8,260 Points:2,264,665 Joined:Jul 2006	Message Posted: Oct 12, 2012 11:52:56 PM Ignore camel1 Report Abuse strange as the US normally imports oil from Canada
ysmc Champion Author Providence Posts:10,545 Points:2,019,995 Joined:Apr 2007	Message Posted: Oct 12, 2012 11:52:48 PM Ignore ysmc Report Abuse keep it here
vibdata Champion Author Massachusetts Posts:4,079 Points:847,350 Joined:Nov 2005	Message Posted: Oct 12, 2012 11:49:03 PM Ignore vibdata Report Abuse Yes, this is the sell it at the highest price you can gouge rule.
middlegrey Rookie Author Wisconsin Posts:99 Points:425,325 Joined:Sep 2011	Message Posted: Oct 12, 2012 11:45:10 PM Ignore middlegrey Report Abuse Oh boy
Roysilver Champion Author Orange County Posts:1,107 Points:1,628,045 Joined:Mar 2007	Message Posted: Oct 12, 2012 11:44:59 PM Ignore Roysilver Report Abuse Why export when we import. Something does not make sense
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Oct 12, 2012 11:43:03 PM Ignore EmperorsFinest Report Abuse Export as much as they want as long as we save money at the pumps...
clermont40miles Champion Author Cincinnati Posts:10,548 Points:1,768,870 Joined:Apr 2008	Message Posted: Oct 12, 2012 11:38:52 PM Ignore clermont40miles Report Abuse Don't boost our prices to export. Exporting while importing? Crazy.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Oct 12, 2012 11:38:24 PM Ignore fuelsaverMN Report Abuse We need to keep the oil here in the USA rather than import it to other countries so we can keep prices down.
blah2blah3 Champion Author Houston Posts:2,591 Points:597,945 Joined:May 2011	Message Posted: Oct 12, 2012 11:35:59 PM Ignore blah2blah3 Report Abuse Why ???
Rans35PG Champion Author Modesto Posts:2,470 Points:994,000 Joined:Oct 2008	Message Posted: Oct 12, 2012 11:35:45 PM Ignore Rans35PG Report Abuse k
JettaKnight Champion Author Toronto Posts:1,518 Points:2,099,845 Joined:Nov 2005	Message Posted: Oct 12, 2012 11:35:33 PM Ignore JettaKnight Report Abuse "A surge in output from shale oil reserves in the Bakken of North Dakota and Eagle Ford of Texas has raised U.S. domestic production to the highest level since 1995." Yet the prices at the pumps doesn't come down. Remind me: just what WAS the price of gas in 1995???
TFowler513 Champion Author Memphis Posts:3,824 Points:1,411,485 Joined:Mar 2008	Message Posted: Oct 12, 2012 11:34:32 PM Ignore TFowler513 Report Abuse Its all political posturing!!!
mdskier Champion Author Maryland Posts:9,924 Points:1,780,660 Joined:Aug 2005	Message Posted: Oct 12, 2012 11:31:54 PM Ignore mdskier Report Abuse Something smells rotten here. First we need a pipeline to bring oil from Canada to US Now we are wanting to send oil to Canada?
mcmonsta Champion Author Honolulu Posts:3,212 Points:815,520 Joined:Sep 2009	Message Posted: Oct 12, 2012 11:31:27 PM Ignore mcmonsta Report Abuse we import a hell of a lot...so all exports should be tariffed to hell and back
my2002m Champion Author Tulsa Posts:6,059 Points:1,667,375 Joined:Jul 2008	Message Posted: Oct 12, 2012 11:30:56 PM Ignore my2002m Report Abuse Great. So we pay more to have oil imported. They should not be allowed to export as long as we have to import oil.
The_DR Champion Author New Jersey Posts:2,770 Points:582,140 Joined:Aug 2011	Message Posted: Oct 12, 2012 11:23:55 PM Ignore The_DR Report Abuse fine by me
treeguy Veteran Author Wisconsin Posts:263 Points:651,560 Joined:Aug 2005	Message Posted: Oct 12, 2012 11:17:29 PM Ignore treeguy Report Abuse "...has raised U.S. domestic production to the highest level since 1995." So President Obama is doing everything he can to keep our oil industry from producing domestic oil...
herbiepopnecker Champion Author British Columbia Posts:13,591 Points:2,504,380 Joined:Sep 2005	Message Posted: Oct 12, 2012 11:16:53 PM Ignore herbiepopnecker Report Abuse Just stupid sending it a;; pver the place to keep prices high
JettaKnight Champion Author Toronto Posts:1,518 Points:2,099,845 Joined:Nov 2005	Message Posted: Oct 12, 2012 11:10:11 PM Ignore JettaKnight Report Abuse hauler43 Oakland "US crude to Canada, and Canadian crude to Texas, makes sense too me" The oil companies are all about keeping prices as high as possible... everywhere. Canadian oil that's about to be piped to Texas will be shipped to Asian markets, NOT for sale within the U.S. Yet, Canadians, who already pay a LOT more than their U.S. neighbours, will be paying a premium for crude oil fracked-out from N.D.? It's time our countries had energy policies that took control of it's own resources instead of allowing private corporations to hold us hostage to our own resources and ruining our economies for THEIR record profits.
serrog Champion Author Nova Scotia Posts:5,554 Points:1,510,180 Joined:Oct 2008	Message Posted: Oct 12, 2012 11:09:28 PM Ignore serrog Report Abuse Insanity
txkrb Champion Author Texas Posts:1,554 Points:636,535 Joined:May 2011	Message Posted: Oct 12, 2012 11:08:26 PM Ignore txkrb Report Abuse Somebody needs to have there head examined The US imports oil from Canada, and now we are going to export oil to Canada I have an idea use the same trucks it will save fuel by not having trucks make the return trip empty [Edited by: txkrb at 10/12/2012 11:09:07 PM EST]
pgerassi Champion Author Milwaukee Posts:10,886 Points:2,129,655 Joined:Apr 2007	Message Posted: Oct 12, 2012 11:06:05 PM Ignore pgerassi Report Abuse OK
carloco75 Champion Author Richmond Posts:3,706 Points:597,540 Joined:Oct 2010	Message Posted: Oct 12, 2012 11:03:01 PM Ignore carloco75 Report Abuse Blah Blah...give me a break...
TNT2EC Champion Author Wisconsin Posts:4,979 Points:1,510,660 Joined:Oct 2008	Message Posted: Oct 12, 2012 11:02:04 PM Ignore TNT2EC Report Abuse Strange
bojiway1 Champion Author Minnesota Posts:2,034 Points:476,010 Joined:Dec 2011	Message Posted: Oct 12, 2012 11:01:36 PM Ignore bojiway1 Report Abuse ok
menagerie1013 Champion Author San Diego Posts:2,365 Points:687,265 Joined:Apr 2011	Message Posted: Oct 12, 2012 10:57:38 PM Ignore menagerie1013 Report Abuse Why the hell are we exporting US oil to Canada, yet need to build a pipeline to bring Canadian oil to Texas?