In light of the oil situation in America why is Exxon exporting more oil at rates unheard of since WWII

because the oil tygoons in the whithouse refuse to enforce the wwii era laws aganinst war profiteering cause they are stuipid and grubby little men. If we had a real president like Fdr those exxon bastards would lower prices or be jailed/executed as the traitors they areIn light of the oil situation in America why is Exxon exporting more oil at rates unheard of since WWII
There are three possible explanations that come to mind:





1. America is importing far more than it exports, and there are logistical reasons for selling some on the foreign market. Perhaps it's cheaper to import and export as they do. Or they just get more money from exports, although it's a worldwide market and I doubt there is a lot of price variation as opposed to shipping costs.





2. The types of oil exported are different from the types we import.





3. America, and Exxon, need to change their policies.





These are the explanations I thought of right away. I am looking forward to more detailed and knowledgeable answers. Best regards.In light of the oil situation in America why is Exxon exporting more oil at rates unheard of since WWII
You must have read the headline of your source but not the content.





The exports being discussed our for gas and diesel. These are output from refineries. We are not exporting crude oil. We drill for oil. We need more drilling to have more oil.





The exports are to countries that produce oil but don't have enough refining capacity. They ship their oil here. Have it processed and then ship some back as fuel. I would be open to taxing the use of refineries for exported gasoline.





Drilling on land with poor production value doesn't help anyone. It's a more expensive source of oil. Kind of like forcing farmers to grow crops in bad soil.









this is the way it has always been...





and if they get their dream of exploiting Alaska's oil...that too will be exported to other countries,..and will not lower the price at the pump in the US.





It will just contribute to more windfall profits for Exxon.





Ted Stevens almost pulled through for them....good thing he was finally caught taking bribes.
Because it doesn't matter WHERE the oil is going.





The WORLDWIDE PRICE is the same here as there.





$XXX in Singapore and the same $XXX in Galveston.








This isn't rocket science.





It is further proof that leftism is FUELED by ignorance.
Oil is traded on a global market. If we are exporting more oil, that means we are adding to the world supply which may be partly why the price is dropping. The price is set by the market basically.
Because they're taking advantage of the American tax payers dollar. They have the money needed (and then some) to be able to export as much oil as they see fit. Because they keep raising the price of gas to do so.
Exporting oil out of the middle-east yes, importing into the US and Europe. Look up the definitions of exporting and importing
simple you sell the oil where you can get the most for it just as any business does you try to buy cheap and sell high it is called capitalism thought is at what cost to the country
My guess is that it's a result of the secret energy policy meetings that Cheney had with the oil companies!


TREASON!!!!!!!!
They are an International company. We need to increase global supply to bring prices down globally.





Not to say we don't need to research future sources of energy.
Exxon is more concerned with making record profits and not managing the US energy problem.
Because the demand world wide is up...that +speculation+ a weak dollar is why the price goes up.
you really dont understand a world commodity at all
Because they sell Oil to the world, being that they are a global company. China is consuming more oil then they ever have in their history, driving up demand and cost. This is good for the big oil companies because it drives up profits.





Edit: The 68 million acres that the democrats keeping talking about that the oil companies hold leases on is worthless. Most of the oil companies are going to let those leases go when the time runs out on them. There is no oil there or it is too costly to get out of the ground.