Saint Bernard of Clair Vaux had once said, “The Road to hell is paved with good intentions.” Senators, although I do believe this piece of legislation is filled with nothing but good intentions, it’s only going to take us on to this road to hell which is why it’s in my best interest that I must stand here today on the most stringent negation on the proposed piece of legislation to overturn the ban on exporting crude oil without a license from the basis of my three arguments.
1) Current production of crude oil we are getting.
Ever since 1970, United States had been getting more crude oil than ever
According to the NYTimes.com, crude oil had reached its peak point ever since 1974 of producing 9.6 million barrels of oil per day in the next upcoming couple of years and clearly this must be looked upon as an advantage
A report made from New Jersey Senator Robert Menendez of January 7th, 2014 the crude oil that is current produced could be used to lower current gas price by 80 cent per gallon in the year of 2016 which would save thousands of dollars within the next couple of years
Clearly see current crude oil could help re innovate the nation’s future.
2) Passing this bill would conflict with China’s crude oil exporting
Currently, there is no other higher competitor besides China when it comes to exporting crude oil and once this bill passes, conflict begins
Starting from the World Trading Organization itself being the fact that the United States has avoid trading disputes with China ever since we had agreed to the Sino-US (Sai-No) trade treaty in which goes against our current policies today if we happen to export any crude oil
Furthermore according to the CATO Institute, accessing this type of trading dispute between the US and China would complicate the Trans-Pacific Partnership, a trading agreement which involves 12 other pacific nations.
** Violates WTO Framework in the rapid increase trading causes disputes between the two countries which is in our best interest to avoid
These type of disputes would lead the TPP to raise the risks of trade promotion authority which will do more harm than good to the included 12 pacific nations
Simply see from this is that something we need to avoid
3) Interferes with international trading
We’ll be interacting with foreign country by crude oil for the first time ever since 1970’s
Current relation with OPEC countries aren’t the greatest as well
Guide which shows at upward shift in the demand curve. This means, consumers are will to pay more for limited quantities of goods at an increased price (Mankiw, 2015). When there is an event such as a hurricane in the Gulf of Mexico, which forces oil refineries to shut-down, prices tend to spike. When this happens, consumers decrease their spending until the price is more becomes more affordable. The decrease in demand shifts the demand curve to the left which shows the decreased willingness to…
………. 23.0 Coal .…………………. 22.7 Nuclear……………… 8.0 Renewable ………... 6.1 Total …………….. 98.8 Source: Energy Information Administration U.S. Petroleum Demand (Millions of barrels per day) Source: Energy Information Administration U.S. Net Reliance on Oil Imports (Net imports as a % of total U.S. petroleum supply) Source: Energy Information Administration Estimated Petroleum Consumption by End Use - 1997 Other nonfuel Petrochemicals uses Other 4% 11% 4% Heating & electrical generation 7% Industrial…
Corn germ oil, corn oil) preparing method with corn oil refining production line of two kinds of squeezing method and leaching method.At present, the domestic production of corn oil mainly squeezing method, palm oil refinery plantalso have a a leaching and squeeze.Squeezing method has the advantage of simple equipment, easy operation, but the yield efficiency is relatively low leaching method.Improve maize embryo factors such as temperature, moisture and powder, but what measures to take, here are…
(1) til seed oil SuSong before filter wool oil pump into the refining tank, shall check valve in the pipeline is normal, can deal with to send oil to end, palm oil millshould immediately close the inlet valve.Into the tank for refining crude oil flax seed oil, must first remove the oil level bubble, smooth oil level, and let stand for appropriate time (not less than 15 min), not being in the oil bubble.Adjust the oil temperature to 25-35 ℃. (2) alkali preparation According to a specified amount…
Evidence #1: In order to extract the oil from oil sands, some operations usually clear trees and bushes from the sites. Rebuttal #1: Yes, its true, but According to Alberta Government (n.d.) Steps have been taken to reduce the effect of clearing trees by planting more than 12 million tree seeding's in particular land depending on the criteria of self-maintaining ecosystem. And first successful reclamation was held in 2008. Rebuttal#2: No doubt that the government has taken some good…
The True Cost of Oil The United States has become dependent on crude oil as an energy source and imports over ten and a half million barrels of crude oil a day. The United States has increased its efforts to produce oil domestically in order to reduce its dependence on foreign oil supplies. In the process of increasing its domestic oil production, the United States has had to deal with the unintended environmental byproduct of extracting oil. In recent years, the United States has looked…
Environmental Policy The Environmental Policy that I would like to change is dealing with the constructing of new oil refineries. This would start with an Energy Policy that clearly cuts back the United States government regulation (EPA) and creates economic growth (boom) and reduce the unemployment within the United States Two decades ago, 158 refineries operated in the United States and its territories and sporadic refinery outages led many policy makers to advocate new refinery construction…
of....there is a finite supply of oil....new oil field discovers few a far between...cost of extraction increasing, even as technology develops...Demand is global and increasing...analyze the different variables effecting the price per liter in American, China, and Germany 5) Detailed description of the relevant market environment and market drivers Each person would be responsible for reporting on the following on their perspective country Cost of Crude Oil - 5 to 10 year historical....are…
Principles of Microeconomics 7/27/11 The Market for Crude Oil Crude oil, also known as petroleum, is the “black stuff” that comes out of the ground when drilling for oil, is made up of a combination of elements such as carbon, hydrogen and sulfur; deriving from the remains of animals and plants that existed millions of years ago; giving rise to the term “fossil fuel”. Although crude oil is of little use to anyone in its purest form, refining it can produce energy; which in turn develops gasoline…
it for travel. Even with the tremendous fluctuating prices of gasoline, we continue to purchase without waiver. This paper first looks into what gasoline really is and how we have become dependent upon it. Key Terms: gas, gasoline, petrol, crude oil, automobile, petroleum, refinery, gas prices TABLE OF CONTENTS INTRODUCTION…………………………………………………………………………………………………………….5 GASOLINE CLASSIFICATION…………………………………………………………………………………….........6 Chemical Identity……………………………………………………………………………………………………………6…
