US Gulf Coast: Joins Russia, OPEC, And US As Major Export "Country" -- March 27, 2019, T+84, Part 4 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title US Gulf Coast: Joins Russia, OPEC, And US As Major Export "Country" -- March 27, 2019, T+84, Part 4, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : US Gulf Coast: Joins Russia, OPEC, And US As Major Export "Country" -- March 27, 2019, T+84, Part 4
link : US Gulf Coast: Joins Russia, OPEC, And US As Major Export "Country" -- March 27, 2019, T+84, Part 4

US Gulf Coast: Joins Russia, OPEC, And US As Major Export "Country" -- March 27, 2019, T+84, Part 4

It looks like we have Saudi Arabia, Russia, the US, and now .... drum roll ... the US Gulf Coast. The US gulf coast is "set to become a net crude oil exporting region for the first time in a quarterly basis, signaling a shift in global oil flows."

Saudi Arabia, Russia, the US, and now, the US Gulf Coast. Making America great again. Data points:

• 4x expansion
• • 2017: one VLCC loading at a gulf coast port every six days
  • 2018: four VLCC's every six days -- one word -- wow! One phrase: making America great.
  • 2019: 53 VLCC over 77 days, which comes out to about 4 VLCC's every six days;
• buyers?
• • South Korea: now #1 of US oil
  • China
  • Canada
• How big a deal? Right now, as we speak --
• • 50 million bbls of US crude moving east
  • 23 VLCCs
  • 3 Suezmax tankers
• US gulf coast ports
• • only one can currently handle VLCCs directly: the LOOP
  • Ingleside, Texas, has been expanded, and soon able to handle VLCCs directly
  • another project, COLT, a larger one, is in the planning stage in Texas
  • • $800 million 
  • awaiting regulatory approval (thank goodness Trump is president, and not Obama -- that's not political; that's reality)
  • seven more export terminal expansion projects planned

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Thus Article US Gulf Coast: Joins Russia, OPEC, And US As Major Export "Country" -- March 27, 2019, T+84, Part 4

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