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View Diary: PetroChina buys full stake in Canada dirty oil sands project..Was there any doubt? (30 comments)

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  •  Exporting fuel. (3+ / 0-)
    Recommended by:
    Roadbed Guy, DawnN, Senor Unoball

    We're now a net fuel product exporter.  We're still a net importer of crude.

    We've always exported some oil, to some extent, simply because in some areas it's more economically efficient to export oil than to bring it to the domestic market.

    •  If we're a net fuel exporter (0+ / 0-)

      that means we must be exporting a huge shit load of coal (which we are!).

      It makes the tarsands looks like child's play quite frankly.   They're a huge distraction, not really anything more or less.

    •  Oh, I get it (0+ / 0-)

      the key word in that sentence is "product"

      Overall, we're not anywheres near being a net fuel (overall) exporter.

      The linked USA Today article is rather misleading in that respect!

      But if you think about it, it makes sense since (for example) we have an excess of diesel and Europe has an excess of gasoline (based on the primary fuel used in passenger automobiles in each country) - so we export something like a million barrels a day of diesel and they send a similar amount of gasoline our way.

      •  We basically have spare refinery capacity. (2+ / 0-)
        Recommended by:
        Roadbed Guy, SolarMom

        This is odd, in some ways, since we haven't built new refineries in decades, but as US gasoline consumption continues to shrink, capacity increases.

        No one really wants to mothball old refineries, at least, not the owners, at least.

        •  This is a strange site (0+ / 0-)

          on one hand, people weep and wail and gnash their teeth over the loss of high paying, value added manufacturing jobs (like these ones - but obviously not these SPECIFIC ones!).

          And praise Obama up and down (perhaps deservedly so, at least in some respects) for saving GM & Chrysler and the jobs involved.  But a moment of reflection shows that those jobs are at least as bad for the environment in "real time" as the ones under discussion here.  And then in a delicious irony, the product of those jobs - i.e., all the automobilies - increases demand for all the evil, evil oil discussed here.  But yet it's all good.

          Go figure.

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