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Canadian crude reaches Europe as U.S. shale oil booms

Business News Network -- The United States now gets so much crude from its own shale deposits that Canadian exporters are selling as far afield as Europe, showing how deeply the U.S. energy revolution is transforming global oil flows. As recently as 2011, close to 100 percent of Canada's crude exports went to its neighbour the United States, according to the U.S. government's Energy Information Administration (EIA). But trade and shipping sources said more than 2 million barrels of light crude from Canadian offshore oilfields have gone to Europe in the last month, in a taste of what is to come.

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Submitted Jan 27, 2013 By: Teslukbla
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Canadian crude reaches Europe as U.S. shale oil booms Back to Topics
REPLIES (newest first) Post a Reply
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Jan 28, 2013 9:18:12 AM

as the world turns
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Wizrd03
Champion Author Illinois

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Message Posted: Jan 28, 2013 5:37:03 AM

So if the light sweet crude from Canada is going overseas, what the hech do we want with the crappy sand laden oil tar the Keystone XL will pump? They better make all the bends of the pipe lined with ceramic or there will be a lot of flow indued erosion of any bend as this stuff comes with it's own grit!
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mrjames1818
Champion Author New Jersey

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Message Posted: Jan 28, 2013 1:59:23 AM

Tax all US oil and gas exports
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pinofl
Veteran Author Miami

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Message Posted: Jan 28, 2013 12:26:49 AM

great
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PetroScopper
Champion Author Houston

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Message Posted: Jan 28, 2013 12:24:45 AM

We will send our resources over to Europe or the highest bidder as well. Canada will make up for the lost revenue if
they are ever able to get the Keystone pipeline passed.
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spotterFL
Champion Author Florida

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Message Posted: Jan 28, 2013 12:23:52 AM



Soon, the USA will be selling oil to Saudi Arabia......at an artificially inflated price.......I hope!!
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Bruno44
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Message Posted: Jan 28, 2013 12:23:03 AM

Hope big govt doesn't interfere.
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SSwathwood
All-Star Author Denver

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Message Posted: Jan 28, 2013 12:21:43 AM

Sound great.
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CiVX
Champion Author Oakland

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Message Posted: Jan 28, 2013 12:20:42 AM

How crude.
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jrschl
Champion Author Louisville

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Message Posted: Jan 28, 2013 12:20:19 AM

I wish we would keep our own resources.
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defiancegasman
Champion Author Ohio

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Message Posted: Jan 28, 2013 12:18:57 AM

That is GREAT, just as long as they don't pipe it through AMERICA and refine it here, free of charge, just to ship it to CHINA or EUROPE!!
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HailstormCA
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Message Posted: Jan 28, 2013 12:17:21 AM

Billy-bong dude.
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rd2000
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Message Posted: Jan 28, 2013 12:16:50 AM

good for them
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Jan 28, 2013 12:14:22 AM


Thats why they want the pipeline and why we do not need it.
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DJRIO
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Message Posted: Jan 28, 2013 12:12:54 AM

europe get their oil from russia
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Bill100
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Message Posted: Jan 28, 2013 12:11:55 AM

Glad to hear it.
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DirtDauber
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Message Posted: Jan 28, 2013 12:10:55 AM

Super.
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snky2k
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Message Posted: Jan 28, 2013 12:10:30 AM

I commented on this yesterday.
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Thomtec
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Message Posted: Jan 28, 2013 12:10:09 AM

Hood
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vulcan96
Champion Author Ohio

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Message Posted: Jan 28, 2013 12:09:16 AM

best not leave Canada out of the loop...
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silverfoxv65
Champion Author Michigan

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Message Posted: Jan 28, 2013 12:09:02 AM

As long as it goes somewere!
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minnesotagirl
Champion Author Milwaukee

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Message Posted: Jan 28, 2013 12:07:52 AM

It would be a good idea for the US to develop a good relationship with Canada for the future
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RogerB2
Rookie Author Indianapolis

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Message Posted: Jan 28, 2013 12:06:28 AM



. O K





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fightbigoil71
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Message Posted: Jan 28, 2013 12:06:02 AM

Interesting
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Rooster922
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Message Posted: Jan 28, 2013 12:04:40 AM

Really.
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chuckwthompson
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Message Posted: Jan 28, 2013 12:03:18 AM

Can you say higher taxes? I know you can!
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Zonk
Champion Author Michigan

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Message Posted: Jan 28, 2013 12:01:12 AM

This will not help get prices down.
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unclenorman
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Message Posted: Jan 27, 2013 11:59:42 PM

ok
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DonnyV101
Rookie Author Indianapolis

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Message Posted: Jan 27, 2013 11:58:56 PM



. O K





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granitestater
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Message Posted: Jan 27, 2013 11:56:52 PM

Quick! Start a war!
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2parrots
Champion Author Massachusetts

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Message Posted: Jan 27, 2013 11:55:39 PM

when Obama said he was in favor of European like prices for gas & utilities the sheeple voted for him .commies & socialists love & use the dumb sheeple.
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blazerbob91
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Message Posted: Jan 27, 2013 11:55:12 PM

Quick raise prices
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TxPDawg
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Message Posted: Jan 27, 2013 11:52:36 PM

kool
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CarefreeVT
Champion Author Burlington

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Message Posted: Jan 27, 2013 11:48:41 PM

So we are producing more and still pay more at the pump... Great job on reducing the burden on the "working class" elected officials. :)
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unicornpmb
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Message Posted: Jan 27, 2013 11:47:57 PM

At least it is not going to waste.
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pa79th
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Message Posted: Jan 27, 2013 11:47:35 PM

Grreeeeeeeeeed!
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rosyLI
Champion Author Long Island

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Message Posted: Jan 27, 2013 11:47:34 PM

Nice to not have an Obama running the country.
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Matt G
Champion Author Boston

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Message Posted: Jan 27, 2013 11:44:07 PM

So how come our prices keep going up
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badharley
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Message Posted: Jan 27, 2013 11:43:44 PM

If we have so much oil why are we paying so much.
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SBlouch
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Message Posted: Jan 27, 2013 11:42:29 PM

Good for Canada making some money.
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pyndasky
Champion Author Maryland

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Message Posted: Jan 27, 2013 11:42:04 PM

more evidence of a glut even in the face of high pump prices...
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76chevy
Champion Author Toledo

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Message Posted: Jan 27, 2013 11:37:15 PM

If we didn't have a "boot on the neck" it could be going through US making jobs and reducing import imbalance.
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UpSol7
Champion Author Augusta

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Message Posted: Jan 27, 2013 11:34:32 PM

off which Canadian shore?
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ican2step
Champion Author Pittsburgh

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Message Posted: Jan 27, 2013 11:34:04 PM

Energy Reveloution?
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mrreferee
Champion Author Savannah

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Message Posted: Jan 27, 2013 11:32:37 PM

As Elvis once said: " Don't be Crude!!"
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bugc
Champion Author Boston

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Message Posted: Jan 27, 2013 11:31:44 PM

How does this affect pipline needs?

\
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Jan 27, 2013 11:31:10 PM

Canadian oil that went to the U.S. goes to Europe. Russian oil that went to Europe goes to.... Economic and political ramifications will have a ripple effect. New finds in Australia, elsewhere, may end up in China.
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PrinceLH
Champion Author Ontario

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Message Posted: Jan 27, 2013 11:30:52 PM

Time for export tariffs.
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jkpsr
Champion Author New Jersey

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Message Posted: Jan 27, 2013 11:28:40 PM

Unit tanker trains are making the costs of transporting to East Coast refineries economically feasible.
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TFowler513
Champion Author Memphis

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Message Posted: Jan 27, 2013 11:28:22 PM

If this is true, why have the prices at the pump not decreased???
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