Texas oil exports greater than imports

Fuel Fix:
Oil exports exceeded imports along Texas' Gulf Coast in April for the first time on record.

In April oil exports in the Houston-Galveston port district exceeded imports by 15,000 barrels a day, and in May that difference grew to 470,000 barrels a day, according to data from the Department of Energy. The Houston-Galveston port district includes the ports of Houston, Texas City, Galveston, Freeport, Port Lavaca, and Corpus Christi.

RELATED: Local economists declare the end to Houston's oil bust

In May total U.S. crude oil exports rose to a record 2 million barrels a day. A year prior exports were just over 1 million barrels a day. The Energy Department said that on average since mid-2017 the Houston-Galveston port district has accounted for slightly more than half of U.S. crude oil exports. In May that proportion grew to 70 percent.
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The main reason that the US is still importing oil is that most of its refineries are set up to handle heavy crude and not the light crude coming out of the shale wells.  There appears to be very little movement to change that dynamic which means the US will remain dependent on imported oil.  One of the problems is the ethanol mandate is sucking up money that could be used for converting the refineries to handle light crude.  It is having the opposite of its intended effect of reducing dependency on imports.   ExxonMobil is one of the few majors that is building a large refinery to handle the light crude.

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