US Could Become a Net Exporter of Gasoline

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Friday, November 21, 2008 10:45:28 PM

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US Could Become a Net Exporter of Gasoline Thursday, August 28, 2008
Green Car Congress -- The refining industry is grappling with shifting scenarios for the future energy landscape, including one case in which the United States could become a net exporter of gasoline by 2010, according to a new analysis of the refining industry by global management consulting firm Booz & Company. In 2007, the US imported. The report, “Refining Trends: The Golden Age Or the Eye of The Storm? Part IV: Tough Choices,” explores rising demand for fuel in Asia and the BRIC nations (Brazil, Russia, India and China), mandates for biofuels, alternative technology vehicles, and the global introduction of ultra low-cost automobiles such as the $2,500 Tata Nano. This confluence of contradictory factors is confounding an industry that counts on 20-year predictions to guide investment decisions made today, according to the analysis.
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	Thursday, August 28, 2008 Green Car Congress -- The refining industry is grappling with shifting scenarios for the future energy landscape, including one case in which the United States could become a net exporter of gasoline by 2010, according to a new analysis of the refining industry by global management consulting firm Booz & Company. In 2007, the US imported. The report, “Refining Trends: The Golden Age Or the Eye of The Storm? Part IV: Tough Choices,” explores rising demand for fuel in Asia and the BRIC nations (Brazil, Russia, India and China), mandates for biofuels, alternative technology vehicles, and the global introduction of ultra low-cost automobiles such as the $2,500 Tata Nano. This confluence of contradictory factors is confounding an industry that counts on 20-year predictions to guide investment decisions made today, according to the analysis. Visit Green Car Congress for full article

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Gas_Buzzer Champion Author South Carolina Posts:6,465 Points:1,106,300 Joined:Sep 2005	Message Posted: 8/30/2008 8:26:33 AM	Ignore Gas_Buzzer Report Abuse
	Not very likely.
sdarling Sophomore Author Ohio Posts:152 Points:52,590 Joined:Aug 2008	Message Posted: 8/29/2008 2:32:54 PM	Ignore sdarling Report Abuse
	I won't hold my breath!
Showbizk Sophomore Author Akron Posts:215 Points:49,055 Joined:Mar 2008	Message Posted: 8/29/2008 12:59:45 PM	Ignore Showbizk Report Abuse
	"So the supply and demand thing is working?" MajorSteve: It ALWAYS works. Some folks just would prefer it didn't.
NickHammer Champion Author Maryland Posts:5,563 Points:980,750 Joined:Aug 2005	Message Posted: 8/29/2008 10:50:45 AM	Ignore NickHammer Report Abuse
	I think this article is EXTREMELY MISLEADING. Like white_fang mentions, I believe they're only talking about already-refined gasoline, NOT crude oil (or even petroleum). We consume over 20 million barrels of petroleum per day (the equivalent of about 9.5 million barrels of gasoline). Of that 20 million, we import 12 million barrels of petroleum each day (or 5.5 millions barrels of gasoline, much greater than the 1 million barrels this article is talking about). So, the way I see it, we'd still be importing a boatloads of petroleum, but refining it here and "exporting" gasoline. BFD.
WillyG Champion Author Cincinnati Posts:1,426 Points:478,195 Joined:Aug 2005	Message Posted: 8/29/2008 9:57:44 AM	Ignore WillyG Report Abuse
	How is it that we will become an exporter of something we're importing cause we don't have as much as we need for our own use ? Isn't that the reason our gas prices are where they are ? Or is it those darn speculators, again ?
white_fang Rookie Author Dallas Posts:74 Points:72,530 Joined:Apr 2008	Message Posted: 8/29/2008 9:57:15 AM	Ignore white_fang Report Abuse
	they're mixing "crude oil" & "gasoline" just to try to give Americans some hope.. big difference in exporting gasoline, and exporting oil.. and besides.. it's not gonna happen..
aalix Champion Author Orange County Posts:14,567 Points:2,533,305 Joined:Aug 2001	Message Posted: 8/29/2008 9:56:04 AM	Ignore aalix Report Abuse
	$2,500 car? Intriguing...
Schwartzmdja All-Star Author Oklahoma City Posts:771 Points:194,890 Joined:Mar 2008	Message Posted: 8/29/2008 9:54:52 AM	Ignore Schwartzmdja Report Abuse
	yesterday' article
MajorSteve All-Star Author Oklahoma City Posts:505 Points:238,570 Joined:Sep 2006	Message Posted: 8/29/2008 9:54:13 AM	Ignore MajorSteve Report Abuse
	So the supply and demand thing is working?
kmkeith Rookie Author Omaha Posts:36 Points:64,220 Joined:Jul 2007	Message Posted: 8/29/2008 9:51:10 AM	Ignore kmkeith Report Abuse
	This is just a case scenario. When will this actually happen? Not in 2010, maybe 2020.
amearly Champion Author Michigan Posts:3,995 Points:863,315 Joined:Jan 2006	Message Posted: 8/29/2008 9:50:37 AM	Ignore amearly Report Abuse
	So once again lets serve everyone else and continue to drag this economy down.
krucker All-Star Author Austin Posts:564 Points:422,005 Joined:Aug 2004	Message Posted: 8/29/2008 9:46:28 AM	Ignore krucker Report Abuse
	WHAT?...............I was out of touch for a week and now all of a sudden we've got extra gas to export?
Gerund1 Champion Author Toronto Posts:1,152 Points:828,780 Joined:Apr 2003	Message Posted: 8/29/2008 9:45:52 AM	Ignore Gerund1 Report Abuse
	First they need to address the cost to the North American consumer - THEN think about exporting!
kevski Champion Author Oregon Posts:1,403 Points:199,090 Joined:Feb 2008	Message Posted: 8/29/2008 9:43:56 AM	Ignore kevski Report Abuse
	get our prices down first
Bruno44 All-Star Author Texas Posts:995 Points:333,005 Joined:Sep 2007	Message Posted: 8/29/2008 9:42:41 AM	Ignore Bruno44 Report Abuse
	Same bs presented yesterday.
ramshot412 Champion Author Riverside Posts:11,954 Points:1,196,935 Joined:Apr 2004	Message Posted: 8/29/2008 9:41:50 AM	Ignore ramshot412 Report Abuse
	That might happen, in 2010.
laddyboy62 Champion Author Riverside Posts:1,586 Points:995,310 Joined:Mar 2005	Message Posted: 8/29/2008 9:40:29 AM	Ignore laddyboy62 Report Abuse
	hope i live that long
Greatace All-Star Author Tampa Posts:541 Points:334,035 Joined:Apr 2007	Message Posted: 8/29/2008 9:39:35 AM	Ignore Greatace Report Abuse
	Seriously doubt it.
SomeChick23 Sophomore Author Edmonton Posts:202 Points:118,390 Joined:May 2007	Message Posted: 8/29/2008 9:38:10 AM	Ignore SomeChick23 Report Abuse
	yeah I think they are jumping the gun
SeerLV All-Star Author Las Vegas Posts:537 Points:132,765 Joined:Jun 2008	Message Posted: 8/29/2008 9:37:33 AM	Ignore SeerLV Report Abuse
	That assumes a lack of demand here which I think is unrealistic.
Arktander All-Star Author Illinois Posts:603 Points:356,395 Joined:Aug 2005	Message Posted: 8/29/2008 9:36:12 AM	Ignore Arktander Report Abuse
	By 2010? In 2 years? I don't think so.
Dbusch Rookie Author Illinois Posts:6 Points:37,325 Joined:Dec 2007	Message Posted: 8/29/2008 9:35:18 AM	Ignore Dbusch Report Abuse
	I agree, seems pretty far off.
matman01 Champion Author Detroit Posts:2,449 Points:391,705 Joined:May 2007	Message Posted: 8/29/2008 9:35:13 AM	Ignore matman01 Report Abuse
	I don't see this happening, either.
wizzard3040 Veteran Author St. Louis Posts:395 Points:169,600 Joined:May 2008	Message Posted: 8/29/2008 9:34:26 AM	Ignore wizzard3040 Report Abuse
	That's a laughing point...our "OLD" refineries can not even keep up with current demand. Even with improvements with existing refineries..."we" have not built a NEW refinery for over 30 years!
Don20 Champion Author Oklahoma City Posts:1,530 Points:1,014,745 Joined:Mar 2005	Message Posted: 8/29/2008 9:34:14 AM	Ignore Don20 Report Abuse
	Time will tell.?? If the present Congress has to get involved it will never happen.
recjr All-Star Author Illinois Posts:507 Points:86,220 Joined:Jun 2008	Message Posted: 8/29/2008 9:32:53 AM	Ignore recjr Report Abuse
	would be pretty awesome - don't see it really happening!
almostrice Champion Author Houston Posts:7,494 Points:1,522,620 Joined:Sep 2003	Message Posted: 8/29/2008 9:31:24 AM	Ignore almostrice Report Abuse
	It would cost money to ship in both directions.
jb47 All-Star Author Shreveport Posts:512 Points:289,850 Joined:Aug 2007	Message Posted: 8/29/2008 9:30:27 AM	Ignore jb47 Report Abuse
	You've got to be kidding. You are sniffing too many gas fumes
OuchMyWalletSUV Veteran Author Sacramento Posts:352 Points:77,560 Joined:Jun 2008	Message Posted: 8/29/2008 9:29:10 AM	Ignore OuchMyWalletSUV Report Abuse
	That's a nice statement...unless they just feel like jacking up the prices.
mattf373 All-Star Author Atlanta Posts:566 Points:107,720 Joined:Mar 2003	Message Posted: 8/29/2008 9:29:05 AM	Ignore mattf373 Report Abuse
	I'd love to see this.
Tekkie All-Star Author Philadelphia Posts:778 Points:254,570 Joined:Oct 2003	Message Posted: 8/29/2008 9:26:17 AM	Ignore Tekkie Report Abuse
	Beautiful dreams there no1doc
no1doc All-Star Author Milwaukee Posts:933 Points:166,925 Joined:Oct 2007	Message Posted: 8/29/2008 9:25:05 AM	Ignore no1doc Report Abuse
	If we're flush with gasoline that means supply is up and pump prices should continue down.
sailormon All-Star Author Michigan Posts:649 Points:206,080 Joined:Jul 2007	Message Posted: 8/29/2008 9:24:56 AM	Ignore sailormon Report Abuse
	"usa! usa! finally we may be able to export something other than Dollars!" AND JOBS!!!
Lizzylou Champion Author Stockton Posts:1,452 Points:884,770 Joined:Oct 2005	Message Posted: 8/29/2008 9:24:52 AM	Ignore Lizzylou Report Abuse
	AGREE!! This would be a great boost for the economy!!
jrnascar Veteran Author Dayton Posts:276 Points:177,125 Joined:Jul 2006	Message Posted: 8/29/2008 9:22:47 AM	Ignore jrnascar Report Abuse
	hopefully this will happen...great boost for the economy
SLAPSHOT351 Veteran Author Long Island Posts:385 Points:79,500 Joined:Jul 2008	Message Posted: 8/29/2008 9:19:50 AM	Ignore SLAPSHOT351 Report Abuse
	Great way to boost our economy. Go USA !!!!!
mvosevich Champion Author St. Louis Posts:1,327 Points:269,880 Joined:Aug 2004	Message Posted: 8/29/2008 9:19:14 AM	Ignore mvosevich Report Abuse
	When pigs fly.
Tommy4Wheel Champion Author Wilmington Posts:20,609 Points:1,485,675 Joined:Apr 2004	Message Posted: 8/29/2008 9:16:00 AM	Ignore Tommy4Wheel Report Abuse
	1
Austin1850 Champion Author Austin Posts:2,173 Points:148,860 Joined:May 2008	Message Posted: 8/29/2008 9:15:57 AM	Ignore Austin1850 Report Abuse
	yea, right
HEBster All-Star Author Kentucky Posts:831 Points:772,830 Joined:May 2006	Message Posted: 8/29/2008 9:13:11 AM	Ignore HEBster Report Abuse
	Really???
HerrZimmer Veteran Author Connecticut Posts:436 Points:105,340 Joined:Jan 2008	Message Posted: 8/29/2008 9:12:12 AM	Ignore HerrZimmer Report Abuse
	usa! usa! finally we may be able to export something other than Dollars!
oncotime Champion Author Milwaukee Posts:9,295 Points:1,655,770 Joined:May 2003	Message Posted: 8/29/2008 9:12:10 AM	Ignore oncotime Report Abuse
	ya right
ironbox_sara Champion Author Albany Posts:1,623 Points:699,080 Joined:Mar 2006	Message Posted: 8/29/2008 9:11:51 AM	Ignore ironbox_sara Report Abuse
	Tough read. I like the "Booz" part though.
AC-302 Champion Author Los Angeles Posts:8,373 Points:1,317,355 Joined:Aug 2004	Message Posted: 8/29/2008 9:11:14 AM	Ignore AC-302 Report Abuse
	So what would be wrong with the US being a world processor of crude oil into gasoline? The chemical industry has been one of the bright spots in foreign trade. Chemicals have consistantly been one of the places where the US has been a net exporter and regularly helps with our trade imbalance.
Bungee All-Star Author Twin Cities Posts:911 Points:396,570 Joined:Oct 2002	Message Posted: 8/29/2008 9:09:24 AM	Ignore Bungee Report Abuse
	This would be a huge surprise... and a pleasant one.
tazdriver Champion Author Alabama Posts:2,318 Points:572,485 Joined:Jan 2007	Message Posted: 8/29/2008 9:09:06 AM	Ignore tazdriver Report Abuse
	Not a bad concept, we could remove the national debt and get a stronger economy, the dollar would soar.
NavyEOD Champion Author Los Angeles Posts:1,966 Points:432,365 Joined:Jul 2007	Message Posted: 8/29/2008 9:09:05 AM	Ignore NavyEOD Report Abuse
	Alternative fuels.
trojanbuck Champion Author Dayton Posts:1,105 Points:257,220 Joined:Aug 2007	Message Posted: 8/29/2008 9:08:30 AM	Ignore trojanbuck Report Abuse
	Let's everybody hold hands with the tree next to you. Can't say I trust any organization called "Green Car Congress" to be a reliable source of information.
RochBear Champion Author Minnesota Posts:1,758 Points:505,580 Joined:May 2006	Message Posted: 8/29/2008 9:05:22 AM	Ignore RochBear Report Abuse
	If we really become big into Alternative fuels, then yes, we should use our refining capacity to make gasoline, and then export it. No sense just letting these multi Billion $ refineries sit idel. But it would take a major shift away from gasoline to things like Air, electric, Hydrogen.... Right now there are not a lot of alternatives on the market. So 2010 is way too optimistic.
tomok Champion Author Portland Posts:9,650 Points:720,085 Joined:Aug 2006	Message Posted: 8/29/2008 9:02:32 AM	Ignore tomok Report Abuse
	'US Could Become a Net Exporter of Gasoline' by 2010.... Great! More profits for big oil. But they may be exporting bio fuels and 'a move to non-oil based vehicles in Western countries.' Maybe more renewable energies and electric vehicles........