Originally Posted By: grampi
We are swimming in supply, so supply and demand have nothing to do with it. And we can produce all we want, but as long as the U.S. exports the fuel we produce, it isn't going to help lower our prices one iota.
It's going to help the Dollar a lot, which in the mid term will fix stuff when "they" figure it out.
Exporting finished product adds value. We're still importing a lot of crude.
With this mild winter, #2 and distillates are due for a crash. IDK about natural gas: if multi-fuel electric utilities are sucking up what's not being used for heat. Noone's discussing the weather or the tankers idling offshore waiting to unload.