US Could Become a Net Exporter of Gasoline

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Thursday, November 20, 2008 12:48:15 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:6,460 Points:1,105,325 Joined:Sep 2005	Message Posted: 8/30/2008 9:26:33 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 3:32:54 PM	Ignore sdarling Report Abuse
	I won't hold my breath!
Showbizk Sophomore Author Akron Posts:211 Points:48,525 Joined:Mar 2008	Message Posted: 8/29/2008 1:59:45 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:5,558 Points:979,475 Joined:Aug 2005	Message Posted: 8/29/2008 11:50:45 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:1,420 Points:477,970 Joined:Aug 2005	Message Posted: 8/29/2008 10:57:44 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 10:57:15 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:14,557 Points:2,532,170 Joined:Aug 2001	Message Posted: 8/29/2008 10:56:04 AM	Ignore aalix Report Abuse
	$2,500 car? Intriguing...
Schwartzmdja All-Star Author Oklahoma City Posts:761 Points:192,940 Joined:Mar 2008	Message Posted: 8/29/2008 10:54:52 AM	Ignore Schwartzmdja Report Abuse
	yesterday' article
MajorSteve All-Star Author Oklahoma City Posts:500 Points:237,595 Joined:Sep 2006	Message Posted: 8/29/2008 10:54:13 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 10:51:10 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:3,985 Points:861,365 Joined:Jan 2006	Message Posted: 8/29/2008 10:50:37 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:559 Points:421,030 Joined:Aug 2004	Message Posted: 8/29/2008 10:46:28 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:1,147 Points:828,105 Joined:Apr 2003	Message Posted: 8/29/2008 10:45:52 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:1,391 Points:197,140 Joined:Feb 2008	Message Posted: 8/29/2008 10:43:56 AM	Ignore kevski Report Abuse
	get our prices down first
Bruno44 All-Star Author Texas Posts:988 Points:332,030 Joined:Sep 2007	Message Posted: 8/29/2008 10:42:41 AM	Ignore Bruno44 Report Abuse
	Same bs presented yesterday.
ramshot412 Champion Author Riverside Posts:11,938 Points:1,195,960 Joined:Apr 2004	Message Posted: 8/29/2008 10:41:50 AM	Ignore ramshot412 Report Abuse
	That might happen, in 2010.
laddyboy62 Champion Author Riverside Posts:1,581 Points:994,335 Joined:Mar 2005	Message Posted: 8/29/2008 10:40:29 AM	Ignore laddyboy62 Report Abuse
	hope i live that long
Greatace All-Star Author Tampa Posts:536 Points:332,910 Joined:Apr 2007	Message Posted: 8/29/2008 10:39:35 AM	Ignore Greatace Report Abuse
	Seriously doubt it.
SomeChick23 Sophomore Author Edmonton Posts:197 Points:117,415 Joined:May 2007	Message Posted: 8/29/2008 10:38:10 AM	Ignore SomeChick23 Report Abuse
	yeah I think they are jumping the gun
SeerLV All-Star Author Las Vegas Posts:537 Points:132,015 Joined:Jun 2008	Message Posted: 8/29/2008 10:37:33 AM	Ignore SeerLV Report Abuse
	That assumes a lack of demand here which I think is unrealistic.
Arktander All-Star Author Illinois Posts:602 Points:354,625 Joined:Aug 2005	Message Posted: 8/29/2008 10:36:12 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 10:35:18 AM	Ignore Dbusch Report Abuse
	I agree, seems pretty far off.
matman01 Champion Author Detroit Posts:2,443 Points:390,730 Joined:May 2007	Message Posted: 8/29/2008 10:35:13 AM	Ignore matman01 Report Abuse
	I don't see this happening, either.
wizzard3040 Veteran Author St. Louis Posts:390 Points:168,625 Joined:May 2008	Message Posted: 8/29/2008 10:34:26 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:1,525 Points:1,013,770 Joined:Mar 2005	Message Posted: 8/29/2008 10:34:14 AM	Ignore Don20 Report Abuse
	Time will tell.?? If the present Congress has to get involved it will never happen.
recjr Veteran Author Illinois Posts:493 Points:84,270 Joined:Jun 2008	Message Posted: 8/29/2008 10:32:53 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 10:31:24 AM	Ignore almostrice Report Abuse
	It would cost money to ship in both directions.
jb47 All-Star Author Shreveport Posts:507 Points:288,125 Joined:Aug 2007	Message Posted: 8/29/2008 10:30:27 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:76,810 Joined:Jun 2008	Message Posted: 8/29/2008 10:29:10 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:561 Points:106,745 Joined:Mar 2003	Message Posted: 8/29/2008 10:29:05 AM	Ignore mattf373 Report Abuse
	I'd love to see this.
Tekkie All-Star Author Philadelphia Posts:769 Points:253,465 Joined:Oct 2003	Message Posted: 8/29/2008 10:26:17 AM	Ignore Tekkie Report Abuse
	Beautiful dreams there no1doc
no1doc All-Star Author Milwaukee Posts:906 Points:165,950 Joined:Oct 2007	Message Posted: 8/29/2008 10:25:05 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:639 Points:204,130 Joined:Jul 2007	Message Posted: 8/29/2008 10:24:56 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:1,447 Points:883,795 Joined:Oct 2005	Message Posted: 8/29/2008 10:24:52 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 10:22:47 AM	Ignore jrnascar Report Abuse
	hopefully this will happen...great boost for the economy
SLAPSHOT351 Veteran Author Long Island Posts:380 Points:78,525 Joined:Jul 2008	Message Posted: 8/29/2008 10:19:50 AM	Ignore SLAPSHOT351 Report Abuse
	Great way to boost our economy. Go USA !!!!!
mvosevich Champion Author St. Louis Posts:1,322 Points:268,905 Joined:Aug 2004	Message Posted: 8/29/2008 10:19:14 AM	Ignore mvosevich Report Abuse
	When pigs fly.
Tommy4Wheel Champion Author Wilmington Posts:20,595 Points:1,484,700 Joined:Apr 2004	Message Posted: 8/29/2008 10:16:00 AM	Ignore Tommy4Wheel Report Abuse
	1
Austin1850 Champion Author Austin Posts:2,161 Points:147,135 Joined:May 2008	Message Posted: 8/29/2008 10:15:57 AM	Ignore Austin1850 Report Abuse
	yea, right
HEBster All-Star Author Kentucky Posts:821 Points:770,880 Joined:May 2006	Message Posted: 8/29/2008 10:13:11 AM	Ignore HEBster Report Abuse
	Really???
HerrZimmer Veteran Author Connecticut Posts:431 Points:104,365 Joined:Jan 2008	Message Posted: 8/29/2008 10:12:12 AM	Ignore HerrZimmer Report Abuse
	usa! usa! finally we may be able to export something other than Dollars!
oncotime Champion Author Milwaukee Posts:9,290 Points:1,654,045 Joined:May 2003	Message Posted: 8/29/2008 10:12:10 AM	Ignore oncotime Report Abuse
	ya right
ironbox_sara Champion Author Albany Posts:1,619 Points:698,200 Joined:Mar 2006	Message Posted: 8/29/2008 10:11:51 AM	Ignore ironbox_sara Report Abuse
	Tough read. I like the "Booz" part though.
AC-302 Champion Author Los Angeles Posts:8,366 Points:1,316,380 Joined:Aug 2004	Message Posted: 8/29/2008 10:11:14 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:899 Points:394,915 Joined:Oct 2002	Message Posted: 8/29/2008 10:09:24 AM	Ignore Bungee Report Abuse
	This would be a huge surprise... and a pleasant one.
tazdriver Champion Author Alabama Posts:2,313 Points:571,510 Joined:Jan 2007	Message Posted: 8/29/2008 10:09:06 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:1,961 Points:431,390 Joined:Jul 2007	Message Posted: 8/29/2008 10:09:05 AM	Ignore NavyEOD Report Abuse
	Alternative fuels.
trojanbuck Champion Author Dayton Posts:1,096 Points:256,245 Joined:Aug 2007	Message Posted: 8/29/2008 10:08:30 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:1,753 Points:504,605 Joined:May 2006	Message Posted: 8/29/2008 10:05:22 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:9,620 Points:719,110 Joined:Aug 2006	Message Posted: 8/29/2008 10:02:32 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........