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U.s. Opens Taps, A Bit, On Oil Exports To Europe

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http://uk.reuters.com/article/2014/02/04/uk-usa-energy-exports-idUKBREA130NC20140204

The U.S. government has authorized limited crude oil exports to Europe, for the first time in years, raising new questions about how companies are testing the limits of a controversial, decades-old exports ban.

The Department of Commerce has granted two licenses to export U.S. crude to the UK since last year and another two to Italy, according to data Reuters obtained through a Freedom of Information Act request.

One application for German exports was filed in January and is awaiting a decision by the Bureau of Industry and Security (BIS), which is responsible for reviewing requests to export crude under a 1975 law that bans most shipments with a few exceptions, including sales to Canada and re-export of foreign oil.

These are the first permits for shipments to the UK since at least 2000 and the first to any European country since 2008, according to data from the BIS. The bureau has approved 120 licenses since January 2013, nearly 90 percent of which were for sales to Canada, the data show.

Didn't realise the greatest proponents of "free trade" ban the sale of oil to other countries. They should take the UK lead and sod their own population and give it away. Who needs energy security.

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http://uk.reuters.com/article/2014/02/04/uk-usa-energy-exports-idUKBREA130NC20140204

Didn't realise the greatest proponents of "free trade" ban the sale of oil to other countries. They should take the UK lead and sod their own population and give it away. Who needs energy security.

We pumped like crazy for Ronnie in the 1980's helping to bring down the USSR and much of our manufacturing base. Then we sold it for $20. We are now buying it back for $100 (inflation makes that figure less worse than it seems).

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Guest spp

Nothing like having your domestic energy production cut in half over the last 10 years -

UK energy - see figure 2

A coincidence why over £2billion is being borrowed each week in order to keep the 'system' ticking over?

National security issue?

A balanced budget?? Through energy imports and debt interest the country is in the hole for Billions before a shovel is lifted! :blink:

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Didn't realise the greatest proponents of "free trade" ban the sale of oil to other countries.

On an international level there's very little free trade about the yanks.

Or anybody else.

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I didn't realise they produced enough oil to export any.

Or is it do with the type of oil? - theirs is sweet, I think? - which is the best sort?

Edited by oldsport

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On an international level there's very little free trade about the yanks.

Or anybody else.

they are looking after their own..so what?...it's what OUR politicians are PAID to do too.

the yanks historically have tended toward isolationism..

you have to remember that most of their forefathers fled europe to escape from political/religeous tyranny....they are hardly likely to welcome their previous oppressors back with open arms and wallets now are they?..certainly not to go fighting proxy wars for them.

given the stitch-up with bush/911 etc and their clandestine ruling faction I do not blame them at all for making contingency plans.

Edited by oracle

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