Oil Exports, Illegal for Decades, Now Fuel a Texas Port Boom

[CaliCat 3,957]

I am sure so-called president Trump will also try and take credit for this.

 

Oil Exports, Illegal for Decades, Now Fuel a Texas Port Boom

 

CORPUS CHRISTI, Tex. — In a twist that would have been unthinkable only two years ago, the oil tanker that arrives in China today may be carrying crude that left the South Texas port of Corpus Christi instead of Saudi Arabia.

Chinese drivers most certainly don’t care where their fuel comes from, but the export of American crude oil to dozens of countries over the last year is the latest chapter in a remarkable turnaround for the American oil and gas industry, about the only good news in three years of plummeting commodity prices, bankruptcies and layoffs.

For 40 years it was virtually impossible to sell American oil to any country except Canada because of an export ban that was a bedrock of United States energy policy. The Obama administration slowly loosened the ban and Congress finally ended it in late 2015 in a compromise that also extended tax credits for renewable energy.

 

Oil Exports, Illegal
for Decades, Now Fuel
a Texas Port Boom

[eieio 1,594]

It's called....

the Trump effect.

[CaliCat 3,957]

1 minute ago, eieio said:

It's called....

the Trump effect.

 

LOL. I am sure that's what it's called in alternate fact-speak. That Trump effect: taking credit for other people's feats. 

[eieio 1,594]

3 minutes ago, CaliCat said:

 

LOL. I am sure that's what it's called in alternate fact-speak. That Trump effect: taking credit for other people's feats. 

Wrong.

 

Try again.

[CaliCat 3,957]

3 minutes ago, eieio said:

Wrong.

 

Try again.

 

I know you were wrong. It happens.

 

[eieio 1,594]

7 minutes ago, CaliCat said:

 

I know you were wrong. It happens.

 

Strike two. 

 

You are are allowed one more swing

[Amica Nostra 4,803]

1 hour ago, eieio said:

It's called....

the Trump effect.

The energy surplus started under Obama and has more to do with fracking opening up old wells and new gas fields than any  politician.

 

The Trump effect describes verbal diarrhea that occurs when Trump speaks or tweets...it so true.

[CaliCat 3,957]

6 hours ago, ccneat said:

The energy surplus started under Obama and has more to do with fracking opening up old wells and new gas fields than any  politician.

 

The Trump effect describes verbal diarrhea that occurs when Trump speaks or tweets...it so true.

 

Not to mention that the oil export restrictions were lifted during the Obama administration. LOL. But as I said, in alternate reality land, it's all Trump: Lying is the new black!