
2012Jan23
U.S. is Now a Net Exporter of Oil

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You people really need to learn the difference between crude oil and refined oil products. The U.S. is __NOT__ a net exporter of oil (and hasn't been since 1949). In fact it still relies on imports for about 11 million of the 18 million barrels of crude it consumes each day.
ReplyDeleteThe U.S. is, however, a net exporter of refined petroleum products (gasoline, diesel, etc.).
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTPEXUS2&f=A