Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
This propane shortage was brought to you by the free market
http://www.bluecheddar.net/?p=37498Perhaps you’ve already heard that parts of America can’t get a refill on propane for heating fuel. Such is the case for some people in Florence County, Wisconsin where the temperature will dip to -20 degrees F. on Monday night.
...
As noted by Reuters, “Unlike crude oil and natural gas, both of which are now at the center of a national debate over restrictive export rules, LPG and other fuels can be freely shipped abroad.”
Source for Propane Exports graph: Market Realist Dec 30, 2013
The U.S. exported 294,000 barrels a day of propane and propylene in August, or about 735,000 tons, 90% more than a year earlier, Energy Information Administration data show.
Several articles I’ve read today state that initially there was not enough export infrastructure at the Gulf Coast to handle exporting all the new propane that became available after companies began fracking the hell out of Oklahoma, Texas, Pennsylvania, and North Dakota. But where there’s a deregulated will and a rich guy or two, there is a way. The infrastructure to export was built so that cheap U.S. propane could be sold at a higher price elsewhere and the floodgates opened.
...
As noted by Reuters, “Unlike crude oil and natural gas, both of which are now at the center of a national debate over restrictive export rules, LPG and other fuels can be freely shipped abroad.”
Source for Propane Exports graph: Market Realist Dec 30, 2013
The U.S. exported 294,000 barrels a day of propane and propylene in August, or about 735,000 tons, 90% more than a year earlier, Energy Information Administration data show.
Several articles I’ve read today state that initially there was not enough export infrastructure at the Gulf Coast to handle exporting all the new propane that became available after companies began fracking the hell out of Oklahoma, Texas, Pennsylvania, and North Dakota. But where there’s a deregulated will and a rich guy or two, there is a way. The infrastructure to export was built so that cheap U.S. propane could be sold at a higher price elsewhere and the floodgates opened.
Further reading –
The US’s Absurd Oil & Gas Export Laws – BreakingEnergy.com
