What happens to US energy supplies when extracted in the USA. Exported?

[L. Coyote]

I am asking the questions, not furnishing the research (busy today).

How much of our energy is being exported.
Is that wise? Will we need it later?

Are there any laws against oil companies who are given free mineral rights
from the USG thereafter selling that free oil overseas?

What happened to the excess profits tax on energy suppliers?

Is it time to nationalize the oil sector for national security?

For how long can consumers cough up a trillion a year in profits for Big Oil?

[Pineywoods Sam]

1. I read somewhere that it costs Exxon about $7 a barrel ..

...to recover oil in the USA. I wonder why they raise the price of gasoline in this country every time the Arabs raise the cost of their oil ?

I had not thought of the possibility that they may be selling all of the domestic oil overseas for $119 a barrel. But I wouldn't put it past them.

I just filled up this morning for $3.55 a gallon -- and I am not a happy camper.

[lpbk2713]

2. Why do they raise their price?

The simplest answer of all ....


Because they CAN.

[L. Coyote]

3. YO! Welcome to DU!

[ThomWV]

4. We export Liquid Natura Gas, but we also inport it

I can't remember the numbers now, but we import some LNG into the northeast and we export about an equal amount from a west coast port. It works out to a wash.

[L. Coyote]

5. We export coal to China, right, where the use it to pollute the globe!

[ThomWV]

6. I thought China had quite a bit of coal and mines too.

Could be wrong about that but I have it in my head that China had all the coal it needed.

[Subdivisions]

7. Petroleum Exports:

US/World Petroleum Exports:

http://www.infoplease.com/ipa/A0922041.html

http://tonto.eia.doe.gov/country/index.cfm

http://tonto.eia.doe.gov/country/country_energy_data.cfm?fips=US


Graph of US Historical Net Exports of Petroleum (EIA)




And generalized info on oil export dynamics not necessarily US:

http://www.energybulletin.net/38948.html

http://graphoilogy.blogspot.com/2007/07/net-oil-exports-and-iron-triangle.html


Basically the US exports about 1 million barrels per day, or ~1mbpd.