Initial purchase and processing of 1.2B barrels of American light shale which will produce 50B gallons of finished product? Bring it!
Why would they do that? Big oil is in the business of making money; they are not your friend. Remember, oil is sold on a highly integrated, global market where prices are determined by worldwide supply and demand rather than individual country production.
Obviously a long shot for big oil to do this, but this seems to be how the project was/is sold to everyone. Hard to get tongue in cheek across in a text response
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Export of US oil was banned from 1975 to 2015. It is after all an American Resource. Nothing saying producers cannot profit from it - they just must do so here.
Was referring to finished product, ie; gasoline, diesel, jet fuel etc., exports and not crude. When the other global conversion refineries can't get crude due to shipping interruptions (like we have now) to produce finished products, they turn to places that already have finished product supply. Like the gulf coast of the US. And because all are willing to sell to other markets at the highest bidder, it squeezes the US supply and drives fuel prices sky high. This is why the price of crude doesn't necessarily correlate in a linear fashion to the price of gas. Supply and demand at it's finest.
And they are the main supplier of jet-A to LAX(and Van Nuys)/LGB/SNA/ONT as well.