This is like giving ice to eskimos

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.

Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.

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5 Responses to This is like giving ice to eskimos

  1. Unclezip says:

    One tanker? That’s just a gentle reach-around.

  2. StBernardnot says:

    The price has been going up around these parts. Why are we exporting?

  3. crazyeighter says:

    Is Trump a salesman or what?

  4. Rob says:

    >>The end of a ban on U.S. exports in 2015 coupled with the explosive growth of shale production, has changed the flow of petroleum around the world. Shipments from U.S. ports have increased from a little more than 100,000 barrels a day in 2013 to 1.53 million in November, traveling as far as China and the U.K.<<

  5. Winston Smith (ex oil fielder) says:

    Folks, remember that crude oils are very different from one basin to another. And refineries are setup to handle a certain range of crude chemical properties. Light sweet crude, like you get from gas wells (called condensates) is highly desirable.

    An example I like to cite:
    Venezuela has massive crude deposits. Their crude is hi in sulfur and can only be refined by 2 refineries in the world. Both of those are located in Texas.
    Fuck You, Venezuela!

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