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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:2,768 Points:593,695 Joined:Sep 2011	Message Posted: Sep 10, 2012 6:16:47 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:3,784 Points:562,590 Joined:Apr 2009	Message Posted: Sep 10, 2012 12:52:40 AM 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:7,091 Points:2,472,165 Joined:Jun 2004	Message Posted: Sep 8, 2012 11:25:20 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:2,524 Points:463,215 Joined:Feb 2012	Message Posted: Sep 8, 2012 11:25:16 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:2,483 Points:665,125 Joined:Jan 2010	Message Posted: Sep 8, 2012 11:14:25 PM Ignore rahcat Report Abuse The consumer can't seem to catch a break.
Bezalel Champion Author Oklahoma City Posts:12,112 Points:2,293,675 Joined:Oct 2006	Message Posted: Sep 8, 2012 11:02:44 PM Ignore Bezalel Report Abuse Stop subsidies until All refined product stays here!
tutaw Champion Author Kentucky Posts:3,623 Points:844,920 Joined:Sep 2008	Message Posted: Sep 8, 2012 11:02:29 PM Ignore tutaw Report Abuse ok
shores4now Champion Author Kentucky Posts:2,416 Points:525,750 Joined:Jul 2009	Message Posted: Sep 8, 2012 11:01:54 PM Ignore shores4now Report Abuse Ok
Catfish93001 Champion Author Ventura Posts:1,200 Points:247,955 Joined:Jun 2008	Message Posted: Sep 8, 2012 11:00:02 PM Ignore Catfish93001 Report Abuse How's that "drill, baby, drill" stuff working?
nimpy Champion Author Indianapolis Posts:8,150 Points:1,704,030 Joined:Oct 2007	Message Posted: Sep 8, 2012 10:57:04 PM Ignore nimpy Report Abuse a reason for the price to be high
Tomeboy Champion Author Twin Cities Posts:3,784 Points:562,590 Joined:Apr 2009	Message Posted: Sep 8, 2012 10:56:52 PM Ignore Tomeboy Report Abuse RoadKing95 nailed it... along with Mitt Robme or is it Myth Robme?
fenster66 Champion Author Pittsburgh Posts:3,360 Points:676,040 Joined:May 2011	Message Posted: Sep 8, 2012 10:56:24 PM Ignore fenster66 Report Abuse good to know...
DustyHorse Champion Author Virginia Posts:6,098 Points:1,393,795 Joined:Oct 2008	Message Posted: Sep 8, 2012 10:55:54 PM Ignore DustyHorse Report Abuse Hard to believe with all the EPA regs in this country.
trytogetby All-Star Author Cincinnati Posts:864 Points:214,000 Joined:Apr 2012	Message Posted: Sep 8, 2012 10:54:51 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:8,708 Points:1,640,120 Joined:Oct 2008	Message Posted: Sep 8, 2012 10:54:26 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 10:53:54 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:8,470 Points:1,393,705 Joined:Feb 2008	Message Posted: Sep 8, 2012 10:53:52 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:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Sep 8, 2012 10:53:31 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:8,501 Points:1,674,095 Joined:Jan 2008	Message Posted: Sep 8, 2012 10:53:03 PM Ignore Z51Corvette Report Abuse Try looking at AMERICA FIRST!!!! GEE WHIZ!
Red7002011 Champion Author Mississippi Posts:3,342 Points:670,670 Joined:Jul 2011	Message Posted: Sep 8, 2012 10:52:08 PM Ignore Red7002011 Report Abuse Really!
SalukiCO Sophomore Author Colorado Springs Posts:199 Points:242,545 Joined:Jun 2012	Message Posted: Sep 8, 2012 10:51:39 PM Ignore SalukiCO Report Abuse You got that right, RoadKing.
RoadKing95 Champion Author San Jose Posts:20,574 Points:3,606,165 Joined:May 2003	Message Posted: Sep 8, 2012 10:47:27 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:3,219 Points:729,955 Joined:Oct 2010	Message Posted: Sep 8, 2012 10:47:00 PM Ignore raj_fl Report Abuse mmmm
rozellep2 Sophomore Author Illinois Posts:105 Points:576,575 Joined:Aug 2005	Message Posted: Sep 8, 2012 10:46:31 PM Ignore rozellep2 Report Abuse mmm
mfeldstein Champion Author Ottawa Posts:8,186 Points:1,933,405 Joined:Feb 2007	Message Posted: Sep 8, 2012 10:46:09 PM Ignore mfeldstein Report Abuse Fewer refineries will drive up the price of gas.
raj_fl Champion Author Trenton Posts:3,219 Points:729,955 Joined:Oct 2010	Message Posted: Sep 8, 2012 10:45:45 PM Ignore raj_fl Report Abuse mmmm
raj_fl Champion Author Trenton Posts:3,219 Points:729,955 Joined:Oct 2010	Message Posted: Sep 8, 2012 10:44:51 PM Ignore raj_fl Report Abuse mmmmm
boldrph Champion Author Topeka Posts:18,387 Points:3,453,590 Joined:Oct 2002	Message Posted: Sep 8, 2012 10:44:35 PM Ignore boldrph Report Abuse all hail the market
sciotosix Champion Author Dayton Posts:2,759 Points:668,075 Joined:Apr 2011	Message Posted: Sep 8, 2012 10:44:06 PM Ignore sciotosix Report Abuse Make the product more affordable and keep the product here.
raj_fl Champion Author Trenton Posts:3,219 Points:729,955 Joined:Oct 2010	Message Posted: Sep 8, 2012 10:43:49 PM Ignore raj_fl Report Abuse may be ameriacans are learning at a hgh price
raj_fl Champion Author Trenton Posts:3,219 Points:729,955 Joined:Oct 2010	Message Posted: Sep 8, 2012 10:43:19 PM Ignore raj_fl Report Abuse ok what a way
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Sep 8, 2012 10:41:34 PM Ignore Blue48 Report Abuse OK!
goldrose1 Champion Author Cleveland Posts:10,956 Points:1,927,755 Joined:Feb 2005	Message Posted: Sep 8, 2012 10:38:25 PM Ignore goldrose1 Report Abuse need jobs here.
Goody2317 All-Star Author Wilmington Posts:680 Points:620,005 Joined:Jun 2008	Message Posted: Sep 8, 2012 10:35:14 PM Ignore Goody2317 Report Abuse We need to drill and keep it here.
skyking19 Champion Author Little Rock Posts:2,006 Points:1,701,540 Joined:Jan 2007	Message Posted: Sep 8, 2012 10:33:41 PM Ignore skyking19 Report Abuse Global economy baby!
mcmonsta Champion Author Honolulu Posts:3,237 Points:820,495 Joined:Sep 2009	Message Posted: Sep 8, 2012 10:33:02 PM Ignore mcmonsta Report Abuse don't pollute it...thats all
us4usa Champion Author Missouri Posts:6,003 Points:1,115,215 Joined:May 2008	Message Posted: Sep 8, 2012 10:32:02 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 10:31:27 PM Ignore mrinmoyd Report Abuse ok
bonzoonfmb Champion Author Florida Posts:1,792 Points:646,535 Joined:Feb 2010	Message Posted: Sep 8, 2012 10:31:00 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 10:29:57 PM Ignore papa56NC Report Abuse Alright!
geoutpb Champion Author Midland Odessa Posts:4,638 Points:1,069,235 Joined:Dec 2006	Message Posted: Sep 8, 2012 10:23:32 PM Ignore geoutpb Report Abuse Great news!
carloco75 Champion Author Richmond Posts:3,721 Points:602,965 Joined:Oct 2010	Message Posted: Sep 8, 2012 10:22:01 PM Ignore carloco75 Report Abuse Yippy...
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Sep 8, 2012 10:15:07 PM Ignore MadTraveler Report Abuse Get the feds out of the way and we will be alright.
Wolfman_TJack Champion Author Twin Cities Posts:2,524 Points:463,215 Joined:Feb 2012	Message Posted: Sep 8, 2012 10:12:22 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:3,159 Points:804,275 Joined:Jul 2008	Message Posted: Sep 8, 2012 10:12:01 PM Ignore WeasleyOC Report Abuse Look for The green.
mrbee Champion Author Little Rock Posts:3,768 Points:2,468,535 Joined:Oct 2005	Message Posted: Sep 8, 2012 10:11:18 PM Ignore mrbee Report Abuse They want to sell
BoerneWatch Champion Author San Antonio Posts:15,557 Points:2,456,865 Joined:Oct 2005	Message Posted: Sep 8, 2012 10:06:37 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:2,815 Points:821,260 Joined:Oct 2006	Message Posted: Sep 8, 2012 10:01:31 PM Ignore wayoung56 Report Abuse Interesting article...
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Sep 8, 2012 9:58:06 PM Ignore abcdMA Report Abuse The economy is in another decline
MG_Sputnik Champion Author Philadelphia Posts:7,320 Points:1,963,330 Joined:Apr 2006	Message Posted: Sep 8, 2012 9:56:20 PM Ignore MG_Sputnik Report Abuse Will this help gas prices or their profits?