Did you know that the oil we drill in Alaska is sold to CHINA? Why wouldn't the ANWR oil go to CHINA also?

http://seattletimes.nwsource.com/html/lo鈥?/a>Did you know that the oil we drill in Alaska is sold to CHINA? Why wouldn't the ANWR oil go to CHINA also?
It is ??





Your link didn't say that.





it said a single tanker, on the way to a ship yard in Asia, offloaded in China , just one time in 2004.





Evidently you missed the whole point of the article.





Which was exporting ANWR oil was a '; red herring '; that would never happen.Did you know that the oil we drill in Alaska is sold to CHINA? Why wouldn't the ANWR oil go to CHINA also?
Where the oil goes is really irrelevant. If it goes to China, there must be some advantage of transportation cost/distance or refining issues. All oil is not the same, and all grades of oil cannot be refined in all refineries. If we can get the right grade of crude to the right refineries from Venezuela or West Africa or the Middle East (most US refineries are on the gulf coast) without having to go all the way around the world (most supertankers are too large for the Panama Canal), then it makes sense to sell Alaskan crude to China.





The important points are that drilling in ANWR will:


-- Make additional oil available in the market, thereby lowering costs, or at least slowing the rate at which costs are rising (supply and demand)


-- Provide jobs for Americans


-- Keep the money at home (support the Dollar)


-- Result in increased tax and royalty revenue for the Federal government (help to keep taxes down)


-- Provide additional energy security for the US (ie, reduce the need to fight foreign wars for oil!)


-- If done properly, can actually BENEFIT the ENVIRONMENT....how about using some of that money to permanently set aside land for wildlife habitat somewhere else in the USA? Choose a location where it is most beneficial, and that money will go a long way. I'll bet you can set aside 10 or maybe even 100 acres of land somewhere else for every acre of land that is affected in ANWR! With today's technology enabling directional drilling of multiple wells from the same surface location, energy companies can reach downhole targets several miles away in all directions. With a 20 acre surface footprint, one might be able to access 9 square miles of downhole reserves....that's 288 downhole acres of oil reservoir for every acre used at the surface!
Did you even bother to read the article you posted the link to? Exactly ONE tanker load of oil has gone to China over the last several years. ONE. And it's because the ship was headed that way for repairs. All the Alaskan oil is refined on the west coast. The article merely stated that if we do drill in the ANWR, the resulting oil will overwhelm the refining capacity of the west coast, so we might be forced to export some of it. Geez, read more than a paragraph of the article next time.
Whoever owns the futures contract when it expires and who can take delivery gets our oil, but our oil is expensive by world producer standards (e.g. Saudi oil costs 2 bucks a barrel to produce, and in Alaska... you're looking at 20-35 dollars a barrel or more since most of it is still thought to be offshore ).





For the hopelessly addled partisans, the US exports about 1.1 million barrels of oil per day, and it imports about 13.2 million barrels a day, so if you don't think we export any oil, you need a serious reality check.
even if its not sold in china and sold in the US it still won't bring down prices. there is a large supply of oil already and the oil companies aren't going about the supply demand curve, they are just raising the prices, period. there isn't many competitors and they all work together.
Some of it would. But the more oil that is drilled and available means that the more would be sold to the US govt and American people as well.
Oil prices are set in the world market. So long as more supply is somewhere in the world, prices would be reduced.