GulfSlope Energy Inc (GSPE)

[smith199]

In my opinion, the U.S. should end 2023 in a stronger position in regards to U.S. crude exports. Based off this week’s EIA Petroleum Status Report, U.S. Crude Oil Export ‘cumulative daily average’ rose 21% and it’s ‘four-week average’ increased by 13% for the week ending 10-27-23 compared to a year ago.

Also on the same EIA report, U.S. Exports of Finished Petroleum Products, Unfinished Oils, Gasoline Blending Components, Fuel Ethanol, and NGPLs and LRGs ‘cumulative daily average’ rose by almost 6% and it’s ‘four-week average’ increased by +2% for the week ending 10-27-23 compared to a year ago.

According to data from CEDIGAZ, “The United States exported more liquefied natural gas (LNG) than any other country in the first half of 2023. U.S. LNG exports averaged 11.6 billion cubic feet per day (Bcf/d) during this period, 4% (0.5 Bcf/d) more than in the first-half of 2022, according to data from the U.S. Department of Energy’s LNG reports.” A good showing:

https://www.eia.gov/todayinenergy/detail.php?id=60361

Despite resistance from this administration, U.S. LNG developers have initiated construction of new LNG Export Terminals in Louisiana (1) and Texas (2):

https://www.texastribune.org/2023/07/13/texas-brownsville-lng-natural-gas-export-terminal/

https://www.realclearenergy.org/articles/2023/11/01/all_signs_point_to_full_steam_ahead_for_venture_global_and_lng_989987.html

https://www.eia.gov/outlooks/steo/report/BTL/2023/07-LNG/article.php

European allies increased their LNG imports from Russia by 50% so far in 2023. The UK’s BOE consumption levels are forecast to remain above their production levels through 2050, leaving a gap that will need to be filled by imports. But there are storm clouds ahead.

It is possible that this is due to the policies of this administration. Certainly the U.S. plans to assist in the EU allies meeting their LNG needs. The problem is this administration is actively obstructing the efforts to expand U.S. LNG capacity. Notice the status of Existing, Permitted, and Proposed U.S. LNG Export Terminals:

https://www.energy.gov/sites/default/files/2022-03/FERC%2C%20N.%20American%20LNG%20export%20terminals_0.pdf

Also as an aside, GOM ‘Deep Water Export Terminals’ capable of handling Standard Crude Vessels and Heavy Duty Crude Carriers are about to get a boost due to their potential to increase U.S. Energy Exports:

https://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/article/14295055/sea-port-oil-terminal-to-start-operations-by-2027-says-enterprise-official

https://rbnenergy.com/gulf-deep-mountain-high-the-race-to-build-texass-first-offshore-crude-export-terminal

We should all make an effort to remember this when voting …. Our leaders (president, senators, congress) must be focused on the economy and jobs in THIS country and not be an enabler in support of building wealth in Russia (or China). Non-responsive members should be voted out.




Mrs. Smith