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MarketOptimizer.org adds report “US Export Policies Adopting to Changing Crude Oil Supply Landscape” to its store.
The regulation for prohibiting crude exports in the US was enacted 1975 under the Energy Policy and Conservation Act during the height of the Oil Embargo by OPEC against the US. This law made sense as domestic production was declining and the US was the world’s largest crude oil importer.
U.S. crude oil and condensate production has significantly increased since the use of fracking technology in the U.S. The increase in production has had a profound impact on reducing seaborne crude oil imports into the US. As refiners were able to effectively utilize increasing domestic crude oil production by displacing light sweet crude oil imports and then increasing refining runs to profitably export products into the Global Market. |
Complete report available @ http://www.marketoptimizer.org/us-export-policies-adopting-to-changing-crude-oil-supply-landscape.html .
There are no restrictions concerning the export of refined product from the U.S. The approval process for the construction of LNG facilities and the export of LNG into the global market has accelerated. The recent ruling by the U.S. Bureau of Industry and Security (BIS) permitting distilled condensate to be exported represents a step-change in U.S. policy regarding crude / condensate exports from the US. The next step is the exporting of “distilled” crude oil that has the potential to significantly impact crude prices and refining margins. |
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Scope
Report provides information and insight on
• Events occurring as domestic crude oil production in U.S. / Canada increases |
Inquire Before Buying @ http://www.marketoptimizer.org/contacts/inquire-before-buying?rname=9225 .
Reasons to buy
The approval represents a step-change in US Energy Regulations and Policy. The process used by both companies receiving approvals to export condensate is explained and the market for increases in condensate exports is reviewed. Other questions are addressed including:- • Potential to utilized the approved distillation method on condensate in other US domestic condensate production |
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Purchase a copy of this report @ http://www.marketoptimizer.org/contacts/purchase?rname=9225 . |
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