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the world’s biggest gas guzzler, is — wait for it — fuel. Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first time in more than 60 years that America has been a net exporter of these fuels. Just how big of a shift is this? A decade ago, fuel wasn’t even among the top 25 exports. And for the last five years, America’s top export was aircraft. The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over. Still, the U.S. is nowhere close to energy independence. America is still the world’s largest importer of crude oil. From January to October, the country imported 2.7 billion barrels of oil worth roughly $280 billion.
Link to entire article :www.trivalleycentral.com...
The following plots show how much I paid for each gallon of gas I bought over the past 32 years or so. The data has a somewhat varied pedigree. Most of the purchases from 1979-1982 were in the Rio Vista/Fort Worth, Texas area. From late 1982-1983 was from College Station/Rio Vista about equally. From 1984-1987 was a Rio Vista/College Station/Houston mix and from 1987 on has been mostly Houston with a little Fort Worth thrown in. Just about everything pre-1984 was full service and everything since has been self-serve. Every tank shown was "super" unleaded (92-93 octane).
The second plot is similar to the first but here the prices have been adjusted for inflation based on the CPI at the time of the most recent gasoline purchase. This makes it easier to see the inflation adjusted data. For the same reason the US average price data was removed from this plot.
For anyone interested in the raw data...
Originally posted by amatrine
I think Ron Paul would be a good start.
Originally posted by Algernonsmouse
Originally posted by amatrine
I think Ron Paul would be a good start.
Ron Paul wants no regulation on private industry.
How would that get them to stop exporting our oil again?
Originally posted by amatrine
reply to post by Algernonsmouse
Words in my mouth. I never said Ron Paul would get any one to stop exporting oil.
No regulation on Private industry would be good thing for small and private business.
The think to look at though, is the taxation on business.
Originally posted by amatrine
I said oil in response to another post...Not here to argue for or against Ron Paul. This goes beyond this.
Was not the point of this thread.
Originally posted by Dbriefed
We're actually exporting refined fuels, not crude. This is the opposite of outsourcing, we're providing refining services and generating money in the US. Crude is imported, refined in the US, and shipped out as refined fuel to other countries. Iran is a country with lots of crude and minimal refinement capabilities. The biggest scare is when the US flys a fighter jet directly over one of their refineries.
The US has one of the largest reserves of oil in the world. The government uses groups such as environmentalists to object to tapping those oil reserves. Meanwhile the US imports oil mostly from countries unfriendly to the US, except Canada is the #1 foreign supplier of oil.
edit on 1-1-2012 by Dbriefed because: (no reason given)
Originally posted by Dbriefed
reply to post by antonia
The estimate for U.S. oil reserves was 21 Billion barrels plus .7 Billion barrels in the Strategic reserve. The U.S. consumes 6.6 Billion barrels per year.
Additional discoveries (including the hard to tap Shale and Tar sands)
Outer Continental Shelf + Additional 66-115 Billion barrels of oil - off-limits due to environmental laws (note: might include Jack field and Tiber oil field) www.boemre.gov...
Jack field - Gulf of Mexico (Walker Ridge Block 759) + Discovered 2004, additional 6 Billion barrels www.usatoday.com...
Jack 2 Gulf of Mexico (Walker Ridge Block 758) - Discovered 2006, additional 3-15 Billion barrels
Tiber oil field + Discovered in 2009, additional 4-6 Billion barrels of oil in Gulf of Mexico (site of Deepwater Horizon blowout) en.wikipedia.org...
Oxy oil Kern county, CA + Discovered in 2009, additional .250-1 Billion barrels of oil articles.latimes.com...
Alaska Anwar Wildlife refuge + Additional 1.9 - 4.3 Billion barrels - off-limits due to environmental laws 205.254.135.7...
Eagle Ford field, TX + Undefined, but tapped in 2010 via fracking is producing up to 420K barrels/day. www.nytimes.com...
Eastern Utah Tar Sands + Additional 12-19 Billion barrels - off-limits due to environmental laws ostseis.anl.gov...
Alabama Tar Sands + Additional 7.5 Billion barrels - off-limits due to environmental laws www.gsa.state.al.us...
Kentucky Tar Sands + Additional 3 Billion barrels - off-limits due to environmental laws www.uky.edu...
North Dakota Bakken Shale deposit + Discovered 2008, additional 4.3 Billion barrels oil, total 43-200 Billion barrels including shale www.usgs.gov...
There's a list of reserves in this site (US Energy Information): 205.254.135.7...
Originally posted by Wetpaint72
reply to post by antonia
I agree with what you have said. I was wondering if you could also express the impact OPEC has on this issue, as you word things much better than I ever could. I know oil prices are set by OPEC and there is nothing we can do about that aspect of the price outcome. Care to share any info? Thanks.