Very interesting oil sourcing strategy seen by US Census Bureau data confirm my previous thesis for the feasibility of US energy exports to Europe and close to our neighbour Italy and Switzerland. I beleive same feasibility will hold also for gas. Taking advantage of sand oil and horizontal and fracture drilling discovered in West will diversify in a most economic way or energy sourcing. What is seen below is a constant opportunity taking by Swiss refineries even at time when spread WTI BRENT narrows something that doesn’t hold for Spain. Remains to see if this important game change strategy will continue.
Its very important that the volumes are low enough to permit consumption flexibility and their origin is Canada and reexported from Gulf Coast a long way trip! !