ENIAC
Well-known member
Here's an article [URL REMOVED] regarding U.S. exports of oil, coal, and refined products exceeding our imports for the first time in decades.
EDIT: I took down the pointer to the article because it was a complete fabrication. It was propaganda being peddled by the American Petroleum Institute.
I suspect this is actually a very short term aberration resulting from reduced demand due the recession.Despite the notion that the U.S. is currently hugely reliant on foreign oil, the country sold 34,000 more barrels of petroleum products a day than it imported in November 2010. And, in both December and February, the U.S. sold 54,000 more barrels a day. Net imports have not been negative for nearly two decades.
Part of this has to do with weak U.S. demand in recent years due to the recession. The other part rests on the growing demand in our own backyard for not only crude oil, but refined oil as well.
EDIT: I took down the pointer to the article because it was a complete fabrication. It was propaganda being peddled by the American Petroleum Institute.