U.S. Oil Exports Skyrocket Despite Climate Pacts
Source: Climate Central
Published: December 2nd, 2016
By Bobby Magill
Seven years ago, the U.S. exported its crude oil to just one country — Canada. This year, 22 countries received American crude oil, marking a more than 1,000 percent increase in U.S. oil exports since 2009, according to U.S. Department of Energy data released this week.
Since Congress lifted restrictions on American oil exports a year ago, more and more U.S. crude oil has been streaming onto the global oil market to supply the world’s growing demand. It’s happening even as the U.S. and Canada have agreed to cut emissions from oil and gas operations and countries agree to cut their greenhouse gas pollution under the Paris Climate Agreement. The international pact aims to prevent global warming from exceeding 2°C (3.6°F).
The oil-friendly policies of the incoming Trump administration are not expected to significantly affect U.S. crude oil exports because the price of oil will largely determine the pace of U.S. exports and production. This week, OPEC announced it would cut its production in a move to raise global oil prices, which could boost U.S. exports even more.
Where crude oil is shipped and refined, and how it is burned, are major factors in the emissions that drive climate change. Crude oil is the world’s second-largest source of carbon dioxide emissions — responsible for 33 percent of global carbon emissions. Oil ranks just behind coal, which emits 46 percent of the world’s man-made carbon dioxide, International Energy Agency data show.
Read more: http://www.climatecentral.org/news/us-oil-exports-skyrocket-despite-climate-pacts-20930
There is no specific time of day given for this article's posting, but I know it wasn't there around 7 PM Eastern, when I last logged in to CC.
= new reply since forum marked as read
Just kidding. Your post title parses two different ways. I found it amusing since I first thought of the Douglas research aircraft, the Skyrocket.
R&K
