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Old 02-08-2013, 11:34 AM
 
Location: Florida
76,971 posts, read 47,640,534 times
Reputation: 14806

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Record petroleum exports helped shrink the U.S. trade deficit in December to the smallest in almost three years as America moved closer to energy self- sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo.

The gap narrowed 20.7 percent to $38.5 billion, the smallest since January 2010 and lower than any estimate in a Bloomberg survey of 73 economists, Commerce Department figures showed today in Washington. Oil exports climbed $11.6 billion. Another report showed wholesale inventories unexpectedly declined in December

In addition to trimming the trade deficit, greater fuel autonomy helps boost household incomes, jobs and government revenue and makes American companies more competitive. An improving global economy, reflected by record exports to South and Central America, also means manufacturers such as Caterpillar Inc. will benefit

Oil Exports Trim U.S. Trade Deficit as Fuel Gap Shrinks: Economy - Bloomberg

 
Old 02-08-2013, 11:54 AM
 
Location: San Francisco
8,982 posts, read 10,463,986 times
Reputation: 5752
Shush. Good economic news isn't allowed here. At least not until there's a Republican in the Oval Office again.
 
Old 02-08-2013, 11:58 AM
 
Location: North Carolina
799 posts, read 1,445,420 times
Reputation: 230
That is pretty mind blowing. We finally found something that can knock a dent in our trade deficit. We need to drill our way to a trade surplus.
 
Old 02-08-2013, 12:19 PM
 
Location: Florida
76,971 posts, read 47,640,534 times
Reputation: 14806
Quote:
Originally Posted by Majordomo View Post
That is pretty mind blowing. We finally found something that can knock a dent in our trade deficit. We need to drill our way to a trade surplus.
Those frackers are doing a good job.
 
Old 02-08-2013, 12:20 PM
 
Location: Texas
1,922 posts, read 2,778,970 times
Reputation: 954
I'm torn. As a good Liberal moron, I'm suposed to be happy that the economy is doing better, solely because of Obama's actions. But I'm also suposed to hate oil, because it's evil and terrible.

But this is saying that oil has helped us, not Obama. I think I'm gonna go bite my pillow and cry a while!
 
Old 02-08-2013, 12:22 PM
 
Location: Florida
76,971 posts, read 47,640,534 times
Reputation: 14806
Quote:
Originally Posted by fordlover View Post
I'm torn. As a good Liberal moron, I'm suposed to be happy that the economy is doing better, solely because of Obama's actions. But I'm also suposed to hate oil, because it's evil and terrible.

But this is saying that oil has helped us, not Obama. I think I'm gonna go bite my pillow and cry a while!
Must be a tough day for you. Not everything is about Obama. Just FYI.
 
Old 02-08-2013, 12:25 PM
 
5,705 posts, read 3,672,549 times
Reputation: 3907
Quote:
Originally Posted by fordlover View Post
I'm torn. As a good Liberal moron, I'm suposed to be happy that the economy is doing better, solely because of Obama's actions. But I'm also suposed to hate oil, because it's evil and terrible.

But this is saying that oil has helped us, not Obama. I think I'm gonna go bite my pillow and cry a while!
Good for you. Now that you admitted you're a moron you can start to do something about it...there are some great picture books out there.
 
Old 02-08-2013, 12:30 PM
 
Location: Denver, Colorado
1,976 posts, read 2,353,562 times
Reputation: 1769
Quote:
Originally Posted by Finn_Jarber View Post
Record petroleum exports helped shrink the U.S. trade deficit in December to the smallest in almost three years as America moved closer to energy self- sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo.

The gap narrowed 20.7 percent to $38.5 billion, the smallest since January 2010 and lower than any estimate in a Bloomberg survey of 73 economists, Commerce Department figures showed today in Washington. Oil exports climbed $11.6 billion. Another report showed wholesale inventories unexpectedly declined in December

In addition to trimming the trade deficit, greater fuel autonomy helps boost household incomes, jobs and government revenue and makes American companies more competitive. An improving global economy, reflected by record exports to South and Central America, also means manufacturers such as Caterpillar Inc. will benefit

Oil Exports Trim U.S. Trade Deficit as Fuel Gap Shrinks: Economy - Bloomberg
Caterpillar sucks for the obvious greedy management reason; but the trade gap narrowing is good news.
 
Old 02-08-2013, 12:32 PM
 
78,432 posts, read 60,628,324 times
Reputation: 49733
Quote:
Originally Posted by biggunsmallbrains View Post
Good for you. Now that you admitted you're a moron you can start to do something about it...there are some great picture books out there.
And yet, another childish insult. Is that all you ever post here?
 
Old 02-08-2013, 12:45 PM
 
5,705 posts, read 3,672,549 times
Reputation: 3907
Quote:
Originally Posted by Mathguy View Post
And yet, another childish insult. Is that all you ever post here?
You've been following me...how sweet. You're right. I do feel a need to hold a mirror to stupidity. Let me know if you want to friend me to follow all my sardonic posts.
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