Shale Oil Impact on both sides of the World

abarrelfullabarrelfull wrote on 29 Jan 2014 17:30
Tags: india refinery shale usa

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I spotted two news stories today that illustrate how one important issue can affect so many in different ways.

Valero currently processes intermediate products at its Valero Houston Refinery and Valero Corpus Christi Refinery. These are more expensive than crude. With the Eagle Ford Shale Oil Field so close, and volumes rising so quickly, they are investing heavily to switch raw materials, a switch that will be very profitable.

Meanwhile in India, the impact of increased US oil production is being felt in a more indirect way.

Decades-old crude trading routes are being redrawn as the United States cuts its dependence on imports through a boom in shale oil, forcing Latin American exporters to tap buyers as far away as China and India - markets growing enough to soak up their surplus supplies.

So Indian and US refiners are both benefiting, albeit in completely different ways.

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