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While the Obama administration is routinely slammed for being so enamored of "green" energy that it ignores increased oil production, the facts for the first 9 months of 2011 show otherwise.
For the first time in nearly 50 years, the US is a net exporter of petroleum products and our dependence upon foreign oil was down 10% during that same time period as domestic production of oil and gas increased substantially.
The exports are refined products and the need for less imports of crude to produce those refined products can in part be attributed to a poor economy. People driving less, buying less products, less trucks on the road etc.
Both the link I posted, and myself as well, clearly say "petroleum products."
We all know that's not the same thing as oil, but we should also know that the transporting of finished products, instead of crude oil, is growing worldwide because it's economically more viable.
Uh...that judge made those comments nearly a year ago. In any case, what does it have to do with the subject of this thread?
Um, do you think drilling and oil production happens overnight?
Quote:
Originally Posted by stillkit
Both the link I posted, and myself as well, clearly say "petroleum products."
We all know that's not the same thing as oil, but we should also know that the transporting of finished products, instead of crude oil, is growing worldwide because it's economically more viable.
Title of thread US a net exporter of oil: first time in 50 years
Title of thread US a net exporter of oil: first time in 50 years
You're right about the title of the thread. In my defense, I shortened it to "oil" rather than petroleum products because I don't know if there is a character limit on thread titles and took that liberty rather than end up with a truncated title.
In any case, I made it clear in the post.
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