Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.
MIGUEL DE CERVANTES Don Quijote de la Mancha.
17 de septiembre de 2015
Does Anyone Even Want to Buy Crude Oil From the U.S.?
President Obama opposes Congress moves to end four-decade ban
U.S. importing almost 7 million barrels a day, EIA says
Given current prices, does anyone even want to buy crude oil from the U.S.?
As
the House Energy and Commerce Committee prepares to vote on legislation
to end a four-decade ban on most oil exports, crude in the U.S. is more
expensive than foreign supplies and domestic demand is
robust. Supporters of expanded exports, including Exxon Mobil Corp. and
ConocoPhillips, say ending the ban would ease a glut from the shale boom
and lower global prices. Refiners opposed to the legislation say it
could increase gasoline costs for U.S. consumers.
Lifting the ban won’t lead to a big jump in shipments, at least in the short term, said John Auers, executive vice president at energy consultant Turner, Mason & Co.
Light
oil in Louisiana was more than $2 a barrel more expensive Wednesday
than Brent, the international benchmark, making it unattractive for
overseas refiners seeking to capitalize on the shale boom. Refineries in
the Gulf Coast have used record amounts of crude this year to feed the
highest gasoline demand in eight years. U.S. net crude imports averaged 6.95 million barrels a day in the past four weeks, Energy Information Administration data show.
"This is the only country in the world with net imports of crude oil that’s eager to approve exports," Tim Evans, an energy analyst at Citi Futures Perspective in New York, said by phone.
If
the vote scheduled for today is approved by the committee, it would
then go to the full House of Representatives. Getting a vote in the
Senate is more difficult. President Barack Obama opposes legislation allowing exports, White House spokesman Josh Earnest said Tuesday.
"It’s never going to happen, the Senate will never pass it and Obama would veto it," said Mike
Wittner, head of oil-market research in New York at Societe Generale
AG. "It seems to be politically driven. This is going to turn out to be a
tempest in a teapot."
