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Gulf Coast refineries look seaward for sales

Chron -- When operators of Alliance refinery began efforts to shed the Louisiana facility in December, it became the latest in a string of U.S. refineries put on the block.

In the midst of an economic slump, the nation was using less fuel and drivers were making fewer stops at the gas pump. But after just a few months of talking to potential buyers, Phillips 66 pulled Alliance off the market.

"We fully intended to let that asset go," CEO Greg Garland said in an interview. "Our view of Gulf Coast crude started changing."

What changed was the United States' role in the global fuel market. After years of suffering from declining gasoline and diesel sales at home, Gulf Coast refiners are finding new value in selling more of their products to fuel-starved economies overseas.

As the United

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Submitted Sep 08, 2012 By: aservant

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jrs4125 Champion Author Indiana Posts:2,893 Points:618,470 Joined:Sep 2011	Message Posted: Sep 10, 2012 4:16:47 AM Ignore jrs4125 Report Abuse Plenty crude, no refineries. Not good for the consumer. Good for the 1% though.
Tomeboy Champion Author Twin Cities Posts:3,905 Points:586,390 Joined:Apr 2009	Message Posted: Sep 9, 2012 10:52:40 PM Ignore Tomeboy Report Abuse You can tell more about a person by what he says about others... than you can by what others say about him.
rjoeh Champion Author Michigan Posts:7,207 Points:2,496,565 Joined:Jun 2004	Message Posted: Sep 8, 2012 9:25:20 PM Ignore rjoeh Report Abuse Just as long as they are using the higher imported oil from other countries for refinement and resale overseas. American Oil should stay in America and help us rebuild the fiasco created by the current Administration. I hope most citizens are not the ignorant dolts that the Democrats feel they are and lets put them out of business in November.
Wolfman_TJack Champion Author Twin Cities Posts:2,644 Points:487,015 Joined:Feb 2012	Message Posted: Sep 8, 2012 9:25:16 PM Ignore Wolfman_TJack Report Abuse U.S.A. a net exporter again The United States was a net exporter of petroleum products in 2011 for the first time since 1949, as certain fuel exports reached record levels and imports fell to historic lows. The volume of fuel and other petroleum products exported from the United States has more than doubled since 2006. Nearly 3 million barrels were shipped across U.S. borders each day last year, compared with less than 1.3 million barrels five years earlier. "We believe that demand for gasoline in this country has already peaked, in 2006 or 2007, and it will never again be that high," said spokesman Bill Day. "To keep those refineries open, you have to find a place for that gasoline to go." The Gulf Coast stands to gain the most from the United States' growing role as a fuel exporter. The region is a hub of sophisticated, world-class refineries, boasting port access and close proximity to the nation's biggest buyers, including Mexico and Brazil. "The Gulf Coast is the Saudi Arabia of the refining world," said Doug MacIntyre, senior oil market analyst for the U.S. Energy Information Administration. "The U.S. has always had a strong refining sector, but in the past, that was for domestic consumption. Now there is another market, the foreign market, that refiners have access to." Latin America is the nation's best customer. Since 2006, the United States has grown its average daily shipment of petroleum products to Latin America by nearly 850,000 barrels a day, a 164 percent jump. Drill Baby Drill = Export Baby Export Where is that Canadian Tar Sands Oil heading too?
rahcat Champion Author Grand Rapids Posts:2,681 Points:689,900 Joined:Jan 2010	Message Posted: Sep 8, 2012 9:14:25 PM Ignore rahcat Report Abuse The consumer can't seem to catch a break.
Bezalel Champion Author Oklahoma City Posts:12,234 Points:2,317,460 Joined:Oct 2006	Message Posted: Sep 8, 2012 9:02:44 PM Ignore Bezalel Report Abuse Stop subsidies until All refined product stays here!
tutaw Champion Author Kentucky Posts:3,754 Points:869,245 Joined:Sep 2008	Message Posted: Sep 8, 2012 9:02:29 PM Ignore tutaw Report Abuse ok
shores4now Champion Author Kentucky Posts:2,549 Points:551,500 Joined:Jul 2009	Message Posted: Sep 8, 2012 9:01:54 PM Ignore shores4now Report Abuse Ok
Catfish93001 Champion Author Ventura Posts:1,211 Points:250,225 Joined:Jun 2008	Message Posted: Sep 8, 2012 9:00:02 PM Ignore Catfish93001 Report Abuse How's that "drill, baby, drill" stuff working?
nimpy Champion Author Indianapolis Posts:8,270 Points:1,727,830 Joined:Oct 2007	Message Posted: Sep 8, 2012 8:57:04 PM Ignore nimpy Report Abuse a reason for the price to be high
Tomeboy Champion Author Twin Cities Posts:3,905 Points:586,390 Joined:Apr 2009	Message Posted: Sep 8, 2012 8:56:52 PM Ignore Tomeboy Report Abuse RoadKing95 nailed it... along with Mitt Robme or is it Myth Robme?
fenster66 Champion Author Pittsburgh Posts:3,485 Points:700,815 Joined:May 2011	Message Posted: Sep 8, 2012 8:56:24 PM Ignore fenster66 Report Abuse good to know...
DustyHorse Champion Author Virginia Posts:6,222 Points:1,417,740 Joined:Oct 2008	Message Posted: Sep 8, 2012 8:55:54 PM Ignore DustyHorse Report Abuse Hard to believe with all the EPA regs in this country.
trytogetby All-Star Author Cincinnati Posts:905 Points:223,870 Joined:Apr 2012	Message Posted: Sep 8, 2012 8:54:51 PM Ignore trytogetby Report Abuse We cant win. Don't drive & conserve gas . So we get punished. What the H***!
Number43 Champion Author Lexington Posts:8,844 Points:1,664,895 Joined:Oct 2008	Message Posted: Sep 8, 2012 8:54:26 PM Ignore Number43 Report Abuse I don't like it.
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Sep 8, 2012 8:53:54 PM Ignore 96sc1 Report Abuse It's one of the only ways remaining to reduce our trade deficit. How pathetic.
nigelb Champion Author Virginia Posts:8,592 Points:1,417,505 Joined:Feb 2008	Message Posted: Sep 8, 2012 8:53:52 PM Ignore nigelb Report Abuse Why "drill, baby drill" does no good! Big Oil just exports to the highest bidder overseas! [Edited by: nigelb at 9/8/2012 11:54:21 PM EST]
VomVom Champion Author Calgary Posts:3,863 Points:1,647,725 Joined:May 2007	Message Posted: Sep 8, 2012 8:53:31 PM Ignore VomVom Report Abuse There are still a lot of ignorance and confusion about crude oil versus refined products. The US is NOT exporting oil. The US is still a net importer of crude oil but a net exporter of gasoline, diesel and other refined products.
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Sep 8, 2012 8:53:03 PM Ignore Z51Corvette Report Abuse Try looking at AMERICA FIRST!!!! GEE WHIZ!
Red7002011 Champion Author Mississippi Posts:3,466 Points:695,425 Joined:Jul 2011	Message Posted: Sep 8, 2012 8:52:08 PM Ignore Red7002011 Report Abuse Really!
SalukiCO Sophomore Author Colorado Springs Posts:199 Points:243,295 Joined:Jun 2012	Message Posted: Sep 8, 2012 8:51:39 PM Ignore SalukiCO Report Abuse You got that right, RoadKing.
RoadKing95 Champion Author San Jose Posts:20,699 Points:3,630,940 Joined:May 2003	Message Posted: Sep 8, 2012 8:47:27 PM Ignore RoadKing95 Report Abuse Nice! Drill baby drill! And then ship OUR rescources off shore to whomever has the best price. Who profits from this? You or me? No way. Our prices will continue to inflate and big oil will reap all the profit. This is what we will have in store under Robme!
raj_fl Champion Author Trenton Posts:3,319 Points:753,610 Joined:Oct 2010	Message Posted: Sep 8, 2012 8:47:00 PM Ignore raj_fl Report Abuse mmmm
rozellep2 Sophomore Author Illinois Posts:105 Points:598,225 Joined:Aug 2005	Message Posted: Sep 8, 2012 8:46:31 PM Ignore rozellep2 Report Abuse mmm
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: Sep 8, 2012 8:46:09 PM Ignore mfeldstein Report Abuse Fewer refineries will drive up the price of gas.
raj_fl Champion Author Trenton Posts:3,319 Points:753,610 Joined:Oct 2010	Message Posted: Sep 8, 2012 8:45:45 PM Ignore raj_fl Report Abuse mmmm
raj_fl Champion Author Trenton Posts:3,319 Points:753,610 Joined:Oct 2010	Message Posted: Sep 8, 2012 8:44:51 PM Ignore raj_fl Report Abuse mmmmm
boldrph Champion Author Topeka Posts:18,528 Points:3,478,365 Joined:Oct 2002	Message Posted: Sep 8, 2012 8:44:35 PM Ignore boldrph Report Abuse all hail the market
sciotosix Champion Author Dayton Posts:2,884 Points:692,850 Joined:Apr 2011	Message Posted: Sep 8, 2012 8:44:06 PM Ignore sciotosix Report Abuse Make the product more affordable and keep the product here.
raj_fl Champion Author Trenton Posts:3,319 Points:753,610 Joined:Oct 2010	Message Posted: Sep 8, 2012 8:43:49 PM Ignore raj_fl Report Abuse may be ameriacans are learning at a hgh price
raj_fl Champion Author Trenton Posts:3,319 Points:753,610 Joined:Oct 2010	Message Posted: Sep 8, 2012 8:43:19 PM Ignore raj_fl Report Abuse ok what a way
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Sep 8, 2012 8:41:34 PM Ignore Blue48 Report Abuse OK!
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Sep 8, 2012 8:38:25 PM Ignore goldrose1 Report Abuse need jobs here.
Goody2317 All-Star Author Wilmington Posts:680 Points:636,855 Joined:Jun 2008	Message Posted: Sep 8, 2012 8:35:14 PM Ignore Goody2317 Report Abuse We need to drill and keep it here.
skyking19 Champion Author Little Rock Posts:2,021 Points:1,722,615 Joined:Jan 2007	Message Posted: Sep 8, 2012 8:33:41 PM Ignore skyking19 Report Abuse Global economy baby!
mcmonsta Champion Author Honolulu Posts:3,342 Points:844,495 Joined:Sep 2009	Message Posted: Sep 8, 2012 8:33:02 PM Ignore mcmonsta Report Abuse don't pollute it...thats all
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Sep 8, 2012 8:32:02 PM Ignore us4usa Report Abuse Yes, DRILL BABY DRILL the more supply the better... Keep flooding the WORLD market with oil...
mrinmoyd Champion Author Illinois Posts:1,095 Points:364,525 Joined:Jun 2011	Message Posted: Sep 8, 2012 8:31:27 PM Ignore mrinmoyd Report Abuse ok
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,160 Joined:Feb 2010	Message Posted: Sep 8, 2012 8:31:00 PM Ignore bonzoonfmb Report Abuse Oil production and retail is a global business.
papa56NC All-Star Author North Carolina Posts:725 Points:142,760 Joined:Apr 2012	Message Posted: Sep 8, 2012 8:29:57 PM Ignore papa56NC Report Abuse Alright!
geoutpb Champion Author Midland Odessa Posts:4,713 Points:1,084,160 Joined:Dec 2006	Message Posted: Sep 8, 2012 8:23:32 PM Ignore geoutpb Report Abuse Great news!
carloco75 Champion Author Richmond Posts:3,848 Points:627,720 Joined:Oct 2010	Message Posted: Sep 8, 2012 8:22:01 PM Ignore carloco75 Report Abuse Yippy...
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Sep 8, 2012 8:15:07 PM Ignore MadTraveler Report Abuse Get the feds out of the way and we will be alright.
Wolfman_TJack Champion Author Twin Cities Posts:2,644 Points:487,015 Joined:Feb 2012	Message Posted: Sep 8, 2012 8:12:22 PM Ignore Wolfman_TJack Report Abuse U.S.A. a net exporter again The United States was a net exporter of petroleum products in 2011 for the first time since 1949, as certain fuel exports reached record levels and imports fell to historic lows. The volume of fuel and other petroleum products exported from the United States has more than doubled since 2006. Nearly 3 million barrels were shipped across U.S. borders each day last year, compared with less than 1.3 million barrels five years earlier. "We believe that demand for gasoline in this country has already peaked, in 2006 or 2007, and it will never again be that high," said spokesman Bill Day. "To keep those refineries open, you have to find a place for that gasoline to go." The Gulf Coast stands to gain the most from the United States' growing role as a fuel exporter. The region is a hub of sophisticated, world-class refineries, boasting port access and close proximity to the nation's biggest buyers, including Mexico and Brazil. "The Gulf Coast is the Saudi Arabia of the refining world," said Doug MacIntyre, senior oil market analyst for the U.S. Energy Information Administration. "The U.S. has always had a strong refining sector, but in the past, that was for domestic consumption. Now there is another market, the foreign market, that refiners have access to." Latin America is the nation's best customer. Since 2006, the United States has grown its average daily shipment of petroleum products to Latin America by nearly 850,000 barrels a day, a 164 percent jump. Drill Baby Drill = Export Baby Export Where is that Canadian Tar Sands Oil heading too?
WeasleyOC Champion Author Orange County Posts:3,280 Points:828,825 Joined:Jul 2008	Message Posted: Sep 8, 2012 8:12:01 PM Ignore WeasleyOC Report Abuse Look for The green.
mrbee Champion Author Little Rock Posts:3,893 Points:2,493,310 Joined:Oct 2005	Message Posted: Sep 8, 2012 8:11:18 PM Ignore mrbee Report Abuse They want to sell
BoerneWatch Champion Author San Antonio Posts:15,682 Points:2,480,665 Joined:Oct 2005	Message Posted: Sep 8, 2012 8:06:37 PM Ignore BoerneWatch Report Abuse Follow the money and follow the increased regulations by the EPA and you will find the reason why refineries are threatening to shut down of be sold off to foreign investors.
wayoung56 Champion Author Alabama Posts:2,920 Points:845,010 Joined:Oct 2006	Message Posted: Sep 8, 2012 8:01:31 PM Ignore wayoung56 Report Abuse Interesting article...
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Sep 8, 2012 7:58:06 PM Ignore abcdMA Report Abuse The economy is in another decline
MG_Sputnik Champion Author Philadelphia Posts:7,434 Points:1,986,845 Joined:Apr 2006	Message Posted: Sep 8, 2012 7:56:20 PM Ignore MG_Sputnik Report Abuse Will this help gas prices or their profits?