• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 45 mins Satellite Moons to Replace Streetlamps?!
  • 18 hours US top CEO's are spending their own money on the midterm elections
  • 47 mins EU to Splash Billions on Battery Factories
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 4 hours The Balkans Are Coming Apart at the Seams Again
  • 20 hours OPEC Is Struggling To Deliver On Increased Output Pledge
  • 4 hours The Dirt on Clean Electric Cars
  • 16 hours Uber IPO Proposals Value Company at $120 Billion
  • 6 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 18 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day Petrol versus EV
  • 21 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 23 hours 10 Incredible Facts about U.S. LNG
Alt Text

Move Aside Lithium – Vanadium Is The New Super-Metal

Lithium took investors across the…

Alt Text

Disappearance Of Saudi Journalist Could Rock Oil Markets

The disappearance of Saudi journalist…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Another Stupid US Energy Policy Decision

The recent ruling by the Commerce Department, allowing Pioneer Natural Resources (PXD) and Enterprise Product Partners (EPD) to export light ‘condensates’ puts an effective end to the export ban.  It will have multiple effects on both the exploration and production companies working in the Permian, Eagle Ford and Bakken shale plays as well as domestic refiners.  But even more importantly, it represents another stupid US energy policy decision that is blind to long-term US energy needs that does nothing except increase the profits of a few domestic E+P players.  

Many analysts have discounted this decision to allow very marginally distilled crude oil to be considered a ‘refined’ product and allow its export.  But this is a giant crack opening up in an export ban that has been in place since the 1970’s keeping domestic crude at home.  Pioneer CEO Sheffield has been lobbying for an end to the ban as has Harold Hamm of Continental Resources (CLR) and now they have the workaround they need to avoid a Congressional battle.  The Commerce Department will soon be flooded with similar requests for condensate workarounds from Continental, Cimarex (XEC), EOG Resources (EOG) and several other lesser players, all of whom will be able to recapture the margin discount between domestic and global crude and the current discounts on Permian and Bakken oil.  

Refiners in the Gulf coast like Valero (VLO) got pummeled…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News