Wednesday, February 5th 2014 - 22:59 UTC

US, the world's largest producer of oil approves licenses to export crude to Europe

The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.

According to Reuters BIS authorized licenses to the UK and Italy and another for Germany is in the pipeline

 The Department of Commerce authorized two licenses to export U.S. crude to the UK since last year, totaling 1.8 billion dollars, and two more to Italy, totaling 3.12 billion, Reuters said Tuesday.

One license to export to Germany, totaling 2.6 billion, was filed in January and is awaiting a decision by the Bureau of Industry and Security (BIS), the government agency that reviews requests to export crude under the 1975 ban that prohibits most crude shipments except to Canada and re-exporting foreign oil, along with a few other exceptions.

These are the first licenses to allow crude exporting to the U.K. since at least 2000 and the first to any European country since 2008, according to the BIS, which has approved 120 licenses since January of last year. Ninety percent of those requests were sales to Canada.

The permits will likely add to a debate in Washington over whether or not to lift the ban as the rise in shale oil production inches closer to saturating domestic refineries. Allowing companies to export within the current law may set back a firm decision from the Obama administration on whether to annul the ban.

US oil production has climbed to its highest in 25 years. Many oil producers have lobbied for an end to the export ban, which would open up new markets for them. US refiners have opposed lifting or easing the ban, as they benefit from cheaper domestic crude. Foreign refiners may benefit from US exports to Europe, since access to cheap, high-quality US shale oil would improve their margins.

Licenses for exports to central America and Asia have regularly been approved over the past decade, for exports of heavy Californian crude or re-exports of foreign-produced oil. But companies have rarely applied to export to European countries or been approved. Two licenses filed in 2011 for exports to Switzerland and one for exports to the Netherlands were denied.

Applicants for export licenses must demonstrate that the trade is in the national interest, that they cannot sell the oil in the US for a reasonable price, and that the exports will end if US supplies are in danger of drying up.

The potential for exports is an outgrowth of the huge US shale oil production boom of the past decade, especially in the Bakken oil formation in North Dakota. The issue became one of the biggest of the year after US Energy Secretary Ernest Moniz in December suggested the ban was outdated.

Canada which has been the main oil supplier to the US is also having to review its sales strategy: Canadian oil sands producers have begun exploring ways to increase exports of their deeply discounted crude, most of which is now bound for the United States.

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1 yankeeboy (#) Feb 06th, 2014 - 01:48 pm Report abuse
As I told Toby, Stevie, Think, etc etc etc. The USA's oil is going to change world dynamics and will get the USA rocking in the next decade.
As soon as the dark days of the Obama Administration are past people will start investing again.
USA companies are sitting on U$ 7 TRILLION waiting for him to leave.
2 Hepatia (#) Feb 06th, 2014 - 03:50 pm Report abuse
en.mercopress.com/2014/02/05/us-the-world-s-largest-producer-of-oil-approves-licenses-to-export-crude-to-europe#comment305934: So, rather than investing and making money now, US corporations have gone on strike to punish Obama. Do you honestly believe that?
3 Captain Poppy (#) Feb 06th, 2014 - 04:14 pm Report abuse
Apple, Microsoft, Google, Phizer, Cisco, Oracle and Qualcomm make up almost half of the cash hording. Much of the holdings are overseas. However, it’s not Obama per se that they are punishing, it’s the current tax regulations. To suggest otherwise is siding with the trolls that American corporations do nothing in the interest of the people, which to an extent is true. Thought I do not believe that they are outright doing this, damaging the country to hurt Obama, they are stock piling and damaging the country because of the profit motive. Corporations, American or foreign own nothing to the country or people and never will, though there are corporations where people are first balanced with profits.
4 yankeeboy (#) Feb 06th, 2014 - 04:46 pm Report abuse
I never said they were punishing them, rightly so, just like me, I am sitting on cash waiting for a new administration that is friendly to business and not putting out 60 new regulations/day.

So I can wait and so can they, I really need an new employee but I'd rather pay a temp agency than hire one myself.
It just makes sense.
It has nothing to so with punishing anyone it is solely risk/reward.
5 Captain Poppy (#) Feb 06th, 2014 - 06:17 pm Report abuse
I use temp agencies when I need one. $100 an hour for a temp versus $30 an hour for a hired hand? That is your business sense? What industry are you in yankee? I think if you are waiting for a Republican President, I wouldn't hold your breath. Americans are not going to vote for corporate pimps to whore out the Whitehouse and they are not going to allow rookie imbeciles like Obama in again. Quote polls and opinions and I can counter them equally. The reality will unfold in November 2016. Perhaps by them corporations will not have the freedom of speech that humans have because if they do, they also need criminal culpability as well. Like the the criminal shit they get away with raping Soldiers, Marines, Airman and Sailors when they were in Iraq.
6 yankeeboy (#) Feb 06th, 2014 - 08:59 pm Report abuse
$100.hour for a temp? Are you hiring a temp or a prostitute? I pay $15-20/hr for a receptionist or assistant.
I am not as much party oriented as I you think I am.
I am conservative but my social views are kind of all over the place.
7 A_Voice (#) Feb 07th, 2014 - 10:08 am Report abuse
5
Are you throwing money a Pops?
The federal government mandates a nationwide minimum wage level of $7.25 per hour, ...
The median wage in the US per person is $26,695.
divided by 52...divided by 40 hours....$12.84 per hour....
you pay a hired hand...4 times the minimum and nearly 3 times the median...?
8 Captain Poppy (#) Feb 07th, 2014 - 10:14 am Report abuse
Accountemps......I don't know what your business is but I don't work for Walmart. Even general temp agencies for unskilled labor charge $40 and hour in Greater Boston for a receptionist or Admin Assistant who will only get paid $15-16 an hour. AND....our offices in NYC pay even higher.....BS someone else.
What is it you do yankee? Temp agencies are historically expansive....what a few numbers to call them?
9 A_Voice (#) Feb 07th, 2014 - 11:59 am Report abuse
8
They may charge you $40 per hour and pay the temp $12...
That's how agencies make money....
...and speaking of BS...everyone and some, knows the top 5% in the US push the median wage of the US to that figure...for the other 95% the median would be more like 10 bucks an hour or less.....
I have already published in a post on here the average house sale in the US for last year....and it was buttons....wouldn't even pay for a Mid-Terrace in the UK and I noticed you Yanks didn't even comment on it....
I'll remind you the average house sale in the UK was something like £230,000...convert it to dollars...and stop playing the wealthy Yanks...
That is a true reflection of what the average yankee is worth...
10 Captain Poppy (#) Feb 07th, 2014 - 12:07 pm Report abuse
Great I am impressed. So tell me what do CPA's, CMA's, Controller's, Financial Analyst's, Cost Accountants and what not make? As I said, I am not working as a greeter in Walmart.....perhaps that is you career.......but the world needs them as well.
And by the way.....did you see me bitching about the agencies rates? I am really unsure of what your point is to me?
11 A_Voice (#) Feb 07th, 2014 - 12:29 pm Report abuse
You are losing me Pops....I didn't say you were working in Walmart's...?
You implied it was normal to pay $100 per hour for a temp....It's not!!!
You implied it's normal to pay “the hired hand” $30 per hour...It's not
Statistics show...it's normal to pay $12 per hour....and I am saying that most Yanks don't even get that...
That's my point!
12 Captain Poppy (#) Feb 07th, 2014 - 12:39 pm Report abuse
It's normal to pay a “temp agency” 30 to 40 an hour for basic labor. Here is my “exact” words that you state I implied:

“I use temp agencies when I need one. $100 an hour for a temp versus $30 an hour for a hired hand?”

So am I talking about national averages, regional averages, state averages of my experience? Again......you are clumping retails cashiers with skilled laborers? No wonder they say......“figures don't lie but liars figure”. Stats are meaningless when they stand alone.

I means “my experience” Where is the inference that I apply as a normal rate?
13 yankeeboy (#) Feb 07th, 2014 - 12:43 pm Report abuse
I use local temp agencies, they staff my reception desk and I pay $20/hr. Which is cheaper than me hiring the people myself. We have lots of little temp agencies where I live.
Whether you believe me or not is irrelevant. I have no reason to lie.
You seem a bit out of sorts lately.
And your language is getting out of hand with some of the posters!
Are you okay?

Voice, People in the UK make far less and have much less disposable income than in the USA. Using the whole USA avg home sale is very deceiving. It is certainly not something that can be used as a comparable to the UK with such a small landmass. Look at where you have your 2nd house (snicker but I'll play along) you can buy a house there for 40-50K. Which is significantly less than I would pay for a garage space in my building. A more accurate comparison is taking one state like NY or MA and comparing it the whole UK.
BTW you'd be easier to believe if you stuck to subjects you knew something about. Are there any?
14 Captain Poppy (#) Feb 07th, 2014 - 12:53 pm Report abuse
I am not saying I do not believe you yb....I am saying my experience and the temp staffing I do when I do use them does not make it a cheap or feasible for long term use. The worst of it is if I do like them and want to hire them, it's typically a headhunter fee of 30% of their annual salary.

I have family in healthcare, do you know the rate for a temp, or as they call them....locum tenens go for.....or travel nurses? As I said even an admin assistant that is proficient in Access and can do more than add and subtract in Excel ( pivots, vloopups, graphing, what if scenarios) costs 35 to 40 from a temp agency.

You don't like my language yb? Should I stop?
15 yankeeboy (#) Feb 07th, 2014 - 01:00 pm Report abuse
14. No I don't care about your language its just not how you usually post. As you know I get my dander up now and again too.
I only hire assistants/clerks or receptionists I send accounting out. I run a very lean ship. Usually the temps are low skilled but I mainly need someone to sit there and greet people etc.
16 Captain Poppy (#) Feb 07th, 2014 - 01:09 pm Report abuse
It's usually in the accounting/financial area that I need them and the rates suck. With all this being said, it's in no way endorsing Obama by any means because he is by far an incompetent President. But, we do have 3 more years left and I can't see businesses holding out because of him. If businesses are naturally expending, they are going to hire. My place has been expanding consistently for the last 6 years in double digits and building at least one new DC a year. We are constantly hiring.......broad labor skills though, not in my division.
17 yankeeboy (#) Feb 07th, 2014 - 01:20 pm Report abuse
16. My city has been doing well but if you travel to the midwest it is still not good out there. I just got back from FL and it looks like things are starting to pick up but still not like it was.
I also hold some land for development in what is considered one of the best retirement beach towns and the Realtor said I should still wait to build.
I don't see things starting to rock again until we know who the next Prez will be.
This time period reminds me of the 70s.
I can't wait for it to be over.
18 Captain Poppy (#) Feb 07th, 2014 - 01:41 pm Report abuse
I think we lived of a hosuing market too long and we are still adjusting.

about face.....you watch any Olympics? Day one and we have 13 medals already. Sochi is an incomplete shithole though. The hotals are not finished, people sleeping on floors, no doors, yellow water, ferral dogs running everyhere. Nasty
19 yankeeboy (#) Feb 07th, 2014 - 02:22 pm Report abuse
Oh yeah I saw a pic of that water, the people in the hotel told the one of the guests to make sure it didn't touch her face because it is poison!
I hear not many foreign tourists are showing up too.
Glad to hear we are doing so well.
I am especially busy right now at work and it will last another few weeks.
20 A_Voice (#) Feb 07th, 2014 - 02:33 pm Report abuse
13

“A more accurate comparison is taking one state like NY or MA and comparing it the whole UK. ”
Ok let's do that....
Average house price in the whole of the UK....£242,415
news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm
£242,415 = $397,085.47

Average house price in the whole of the US....$152,000 = £92,750.79
and by highest State....
www.statisticbrain.com/home-sales-average-price/
Hawaii ...$425,000 = £259,336.1
Washington D.C. ...$372,900 = £227,544.55
New York ....$329,900 = £201,305.83
Massachusetts ....$319,900 = £195,203.81

BTW you'd be easier to believe if you stuck to subjects you knew something about. Are there any?
21 Captain Poppy (#) Feb 07th, 2014 - 02:54 pm Report abuse
An interesting website.

www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&country2=United+Kingdom&city1=New+York%2C+NY&city2=London
22 A_Voice (#) Feb 07th, 2014 - 04:06 pm Report abuse
Yeah Pops I did realise the UK is more expensive....property, food, fuel...
I'm always dollar rich in the States because it's so cheap...
....it's, that Yankeeboy (never been to the UK).... didn't.
he's a one trick pony....
23 yankeeboy (#) Feb 07th, 2014 - 04:21 pm Report abuse
The U$ is historically low compared to the pound. Try again in a year or two with your conversions.
Property in London is also driving up your avg.
It has always been higher than our highest priced cities. As it should. It is closer than NYC and a great place to have a 2nd house if you are a Russian Billionaire escaping Putin.
24 Captain Poppy (#) Feb 07th, 2014 - 05:26 pm Report abuse
Of course you are voice......everyone believes you too. I have a “Chartered Accountant” (you know what that is I am sure, you know most everything) that I hired 3 months ago......he married an American and now lives here. I'll ask him what he thinks about here and there...........as none of us have been both “here and there”.
25 A_Voice (#) Feb 07th, 2014 - 05:51 pm Report abuse
I have a Chartered Accountant too...you don't actually have a choice when you are a Limited Company....
Not for three months...for the last 12 years....
Is that supposed to impress me...? I never ever considered bringing it up in conversation...I never feel the need to try and impress....
I have what I have...no more, no less. I don't exaggerate and could care less what people believe.
...maybe he's not as affluent as me...having both here and there...and if I play my cards right this year or early next, I'll get a place in the South of France...Narbonne to be exact....
It's not a big deal...if you have the means..why stay in one country...
26 ck177 (#) Feb 07th, 2014 - 06:48 pm
Comment removed by the editor.
27 yankeeboy (#) Feb 07th, 2014 - 09:54 pm Report abuse
Narbonne looks like the French equivalent to Williamsport PA. You can buy a house for the price of a mid priced car in both areas.
Good for you.
But, if you are going to make stuff up you might as well choose nice places to live.
28 A_Voice (#) Feb 07th, 2014 - 11:20 pm Report abuse
You have never been...because you have never been to Europe....it's a beautiful town..a Roman port...I was looking at a flat...£180,000...thats $293,000 your money. I didn't realise mid priced cars are so expensive in the US....wait a minute...they're not. They are cheaper than the UK....;-))
Has it's own beach, a few miles away now as the Med..receded and choked the bay with sand....
Everything in the US is cheap...just like you...
How many properties do you have in different countries...none...
American Dreamer.....
All your dreams have gone up your nose....Fred.
Did the Argentine wife dump you or what...is that why you are so sad and bitter...?
I think so...;-)))
frenchimmersions.com/wp-content/uploads/2012/12/Narbonne-town.jpg
www.creme-de-languedoc.com/images/area/beaches/narbonne.jpg
29 Captain Poppy (#) Feb 07th, 2014 - 11:44 pm Report abuse
Nimrod my point was not to impress you. She your narrow mindedness put you onto a path thinking that others need to impress you. Impressing people is really only for people that are worth impressing. Liars do not make the cut.

But as a chartered accountant in London......he is a mere accountant here. His credentials does not pass the muster for a CPA here. My point was to ask him of costs in the UK versus here. He lived just outside of the city and said the costs are much cheaper here and wages better as well. But you do not care nor do I.

One thing I can say to you.....I have never said what I have, what I do not have, what I am getting or plan to get. I do not need to impress anyone for my well being.

Enjoy your place in the south of France. It's but one of many states in the EU. BTW....you're sad when you are frazzled.
30 A_Voice (#) Feb 08th, 2014 - 01:18 am Report abuse
Nah Pops...I just like winding tall tale telling Yankeebot (Never been out of the US)...up
Yeah chartered accountants are a ten a penny..all it means in reality, is that when they do your accounts the Govt takes their word for it that they are correct....
...and they cost more....
South of France...not there yet....got some tough decisions to make that happen...I ain't rich..but I ain't poor...I'm working class, I might have to sell something....we'll see.
31 yankeeboy (#) Feb 08th, 2014 - 01:35 pm Report abuse
Winding me up? I think not.
Like your counterpart, I think you are a tiresome liar, a bit dim and neurotic.
I have a grand time pointing out your fibs and fantasies though.
32 A_Voice (#) Feb 08th, 2014 - 01:41 pm Report abuse
what happened to the Argie wife...dump you or run off with another waiter...?
33 yankeeboy (#) Feb 08th, 2014 - 02:43 pm Report abuse
See you know nothing about me.
Just like everything else you post they're merely figments of a sort of dementia.
34 A_Voice (#) Feb 08th, 2014 - 05:01 pm Report abuse
I notice you never invite to meet up with Captain Poppy...he can't be far away...;-))
Got something to hide...?
If it was me...I would be only too pleased to meet up and chew the fat and add a little credibility to my persona....
Or are you just plain scared of him....or not in the USA....?
35 yankeeboy (#) Feb 08th, 2014 - 05:32 pm Report abuse
So now you are trying to imply I am not living in the USA? And a few posts ago you were saying I've never traveled anywhere?
I don't get it.
Get your story straight.

I wouldn't mind meeting up with Cap. He seems like a nice decent guy.
I'd love to meet Elaine someday. I think she is smart and has a wicked sense of humor.

You are boring, dimwitted and a neurotic liar.
I have no interest in meeting you in person.
36 Captain Poppy (#) Feb 08th, 2014 - 05:38 pm Report abuse
Quite honestly Voice, I think I would be able to meet yankeeboy before you. I can't even get you to send me an email. What makes you think YB has not emailed me at m.cher1160@outlook.com? I know....you're not looking for friends. Send it through an anonymous DNS.
37 A_Voice (#) Feb 08th, 2014 - 05:56 pm Report abuse
36
Well there you go Pops...I've just brokered a meeting...Yankeeboy say's he is willing...
Sort out the details and we'll see some credibility....
I'm not sure that an email from me would have any purpose..there is nothing I would say that I don't say on here....
When I'm there...I don't have a problem telling you...but I'm not...so no purpose...
35
I don't associate with Cokehead Waiters...Period!
38 yankeeboy (#) Feb 08th, 2014 - 10:05 pm Report abuse
Quick questions, what makes you think I am a drug addict and a waiter?

And could you let me know if I am in the USA or not?
I am so confused.
39 Captain Poppy (#) Feb 09th, 2014 - 12:22 am Report abuse
Voice I would not expect an email from you. The only emails form Argentina are from people I know.
40 A_Voice (#) Feb 09th, 2014 - 12:38 am Report abuse
38
I know you are confused...from your posts, that a given...my advice..stay off the drugs..
So when's the Pops/Yankee Meet..?
You have both gone quiet over it.....all talk and bravado was it....
39
I'm not following you Pops...for starters I can easily send an email that doesn't show the source (blocking the IP address) that's easy....and second, I'm not in Argentina....
Don't you want to meet Yankee then...?
41 yankeeboy (#) Feb 09th, 2014 - 12:45 am Report abuse
40. Sir/Madame/Thing, please explain your reasoning for accusing me of being both a drug addict and a waiter.
42 A_Voice (#) Feb 09th, 2014 - 01:00 am Report abuse
Good attempt at avoiding the subject of meeting Pops.....no one ever does...because they tell such lies.
I can never get anyone to meet me....because they are all keyboard warriors, and so worried because of all their insults....personally I don't blame them...
People are great at insulting from behind a screen, I've noticed.....I'm better at it face to face....
Yet face to face people are so much more civilised...and rarely insult...funny huh?
43 yankeeboy (#) Feb 09th, 2014 - 01:10 am Report abuse
42. Sir/Madame/Thing, please explain your reasoning for accusing me of being both a drug addict and a waiter
44 A_Voice (#) Feb 09th, 2014 - 01:13 am Report abuse
Good attempt at avoiding the subject of meeting Pops....
45 Captain Poppy (#) Feb 09th, 2014 - 04:50 am Report abuse
Yankee is in the NYC area. And while I was born and raised there and my family lives there, I seldom visit. In fact I see Buenos Aires City more than I see NYC. And quite honestly, I want to meet the Argentine supporters.
46 yankeeboy (#) Feb 09th, 2014 - 11:29 am Report abuse
Voice, Cap and I never asked you to broker a meeting. It is something you made up, much like a lot of Rgs, make up a lie and keep repeating it ad nauseum.
This is why I must assume you are neurotic.

But please explain your reasoning for accusing me of being both a drug addict and a waiter.
47 Captain Poppy (#) Feb 09th, 2014 - 01:42 pm Report abuse
Voice is diverting form the article and shying away from why he cannot email me.
48 yankeeboy (#) Feb 09th, 2014 - 01:50 pm Report abuse
I know. There's a reason he won't answer me though. I know why and so does he.
49 Captain Poppy (#) Feb 09th, 2014 - 02:37 pm Report abuse
Because he is tossing rocks in the air hoping forma hit?
50 yankeeboy (#) Feb 09th, 2014 - 02:37 pm Report abuse
I think most of those rocks are ending up on top of his head.
51 Captain Poppy (#) Feb 09th, 2014 - 03:00 pm Report abuse
What do you make of the Iron Mountain fire? Seems like someone is covering Baez and the government corruption trail. I can't imagine a place that stores paper and no scan it. They are going to shit if they find out everything there was also scanned on data files.
52 yankeeboy (#) Feb 09th, 2014 - 03:09 pm Report abuse
51. They've already said it was arson, they'll never pin it on anyone. The case will sit in some judges desk for a decade UNLESS they want to convict someone sooner. Psst the next gov't I am talking to you!
There's already plenty of evidence to convict the whole snake pit of Ks.
It will happen just give it time.

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