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Tuesday, December 06, 2011

U.S. On Pace To Become Net Fuel Exporter Despite High Gasoline Prices At Home

For anyone bummed out about the United States' dependence on foreign oil, try this forecast on for size: The U.S. is on track to be a net exporter of petroleum products this year for the first time in 62 years -- and yet, domestic gas prices remain at or close to record highs for this time of year.
Data released last week by the U.S. Energy Information Administration shows that the U.S. sent abroad 753.4 million barrels of gasoline, diesel and other oil-based fuels in the first nine months of 2011, while taking in only 689.4 million barrels.

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3 comments:

  1. AnonymousDecember 6, 2011 at 9:36 AM

    But I thought Obama destroyed the industry?!!!

    ReplyDelete
  2. AnonymousDecember 6, 2011 at 1:17 PM

    We're just giving it ALL away!
    We need help HERE at home. Forget everyone else until we have our own house in order!

    ReplyDelete
  3. AnonymousDecember 6, 2011 at 7:19 PM

    1:17 wouldn't that be the socialism you guys attest to not liking. It's a world market for these products dope

    ReplyDelete

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