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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (187508)	12/30/2014 4:02:11 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206089

Just a few days ago you were complaining about Americans companies and the American government interfering in the Canadian economy - as was the style of "The Border" CBC show. Now we're not involved enough in the Canadian economy.

To: teevee who wrote (187508)	12/30/2014 11:38:17 PM
From: elmatador	Read Replies (1) \| Respond to of 206089

US allows more exports of ultralight oil A handful of companies including Enterprise Products Partners and Pioneer Natural Resources have already received private approval to export processed condensate, a type of ultralight oil, while energy and mining group BHP Billiton said it planned to pursue exports without a permit by relying on the terms of the earlier rulings. Other companies have been waiting for formal approvals, a number of which the bureau on Tuesday said it would grant. US allows more exports of ultralight oil Gregory Meyer in New York The Obama administration will approve more exports of ultralight oil from the US shale drilling boom, bringing a measure of relief to domestic producers hurt by plummeting crude prices but potentially adding to ample supplies abroad. The US Bureau of Industry and Security said it will authorise more companies to sell oil condensate that has been processed through a basic distillation tower, giving them a green light for export without violating a four decade old US ban. As US oil output climbs and net imports decline, the future of the export ban has stoked intense debate among energy companies and policy makers. Crude refined into products such as petrol may be exported freely, but sales of unrefined crude oil are generally limited to Canada. The agency also published a list of answers to common questions about petroleum exports, providing guidelines for the first time on a matter that has been shrouded in confusion — although some experts said there remained considerable room for interpretation of the rules. A handful of companies including Enterprise Products Partners and Pioneer Natural Resources have already received private approval to export processed condensate, a type of ultralight oil, while energy and mining group BHP Billiton said it planned to pursue exports without a permit by relying on the terms of the earlier rulings. Other companies have been waiting for formal approvals, a number of which the bureau on Tuesday said it would grant. Eric Hirschhorn, under secretary of commerce for industry and security, said: “BIS is publishing these FAQs to clarify how it implements these regulations, informed by a review of technological and policy issues, together with inter-agency consultations. In addition?.?.?.?BIS is issuing commodity classifications for some pending applications.” The applicants were not named. In its answers to questions, the bureau described the extent to which a hydrocarbon must be boiled in a distillation tower before it is no longer considered crude oil and thus eligible for export. The larger issue is crude exports, which remain restricted by 1970s-era policies that only limit our growth as an energy superpower - The American Petroleum Institute However, experts said some answers were vague, leaving uncertainty for companies that have not received individual export approvals. The American Petroleum Institute, an oil industry lobby in Washington, said that while additional clarity on the issue of condensates was “helpful”, the guidelines did not address the statutory crude oil export ban. “The larger issue is crude exports, which remain restricted by 1970s-era policies that only limit our growth as an energy superpower,” it said. “There’s still a lot of room for interpretation of these rules,” said John Auers, executive vice-president at Turner Mason, an energy consultancy in Dallas. For example, the guidelines say the government will consider how much the distillation process has altered the “gravity,” or density, of oil, but do not quantify by how much, he said. The bureau said the list of factors it would consider in approving export applications were “not intended to be categorical or exhaustive”, allowing it to look at “the particular circumstances of each application” for export.