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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Jacob Snyder who wrote (186438)	11/12/2014 7:41:42 AM
From: elmatador	Read Replies (1) of 206138

oil leaving the US almost as fast as it can—in August, the US exported more than 4.5 million barrels of oil a day, according to the US Energy Information Administration, just below Russia’s 4.6 million barrels a day. (Saudi Arabia, the No. 1 exporter, ships about 6.6 million barrels.) American exports generally do not leave the country as crude oil but as refined products such as diesel and gasoline—just 390,000 barrels a day was exported in the form of crude oil in August, the last month for which data is available. Observers tend to focus on pure crude exports, but refined product shipments are so large now—not just from the US, but also Saudi Arabia and the United Arab Emirates—that they are contributing to the soft Brent prices. qz.com

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