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It went up then back down. How the hell is this a downward trend. It's down from prior years overall but alas we have been in a recession the last five years to boot. Or depression, or downward spiral whatever one wants to call it. Surely not an "oil boom" or us getting off OPEC oil. Like I said show me in two years where this downward "trend" continues then I'll agree. In fact our imports just jumped 500K barrels from Feb to March '13. Maybe the economy is picking up steam. You know a good thing???
I ALREADY showed you FIVE YEARS of months, but just for grins, you showed '12 - here's '11:
And - as I've shown in the other years, the trend has been part of a downward trend since 2008. Does it drop every single month? Of course not - some months are colder than others and we use more heating oil, some months are the summer driving months when the kids are out of school and Americans tend to go on vacations so we use more gasoline - so of course there are monthly variations that go both up and down, but overall the trend is CLEARLY DOWN and on a YEARLY basis, it's dropped EVERY SINGLE YEAR since 2008.
You ask for 2 years of downward trend, here AGAIN is 5 YEARS of DOWNWARD trend:
In 2008 every single month but one was in excess of 5,000
By 2010 not a single month was in excess of 5,000 but every month but one was still in excess of 4,000
By 2011 3 of 12 months was below 4,000 - and no months were above 5,000
By 2012 5 of 12 months was below 4,000 - and no months were above 5,000
So far in 2013 not a single month was in excess of 4,000 - and one was below 3,000
You said every month showed a downward trend in your previous post. I showed you were wrong. If you look at it by year we are down a bit in imports from OPEC but nothing of signifigance. If the economy ever picks back up so will imports from OPEC. Why can't you admit that? Oh wait because you are arguing a losing point. March on.
The point is that the OP is not correct as this "oil boom" is not getting us off OPEC oil. In fact all that fracked oil you folks are touting is being shipped off to Canada if you read the article I posted a bit back. All of it. The only refineries set up to accept it are on the east coast and it costs too much to ship it there so it goes to Canada now. So it isn't helping get us off OPEC oil in the least. Is it good for the economy, yes as I have stated, is it getting us off OPEC oil as this thread is touting, no.
It looks to me like KUchief25 didn't notice that his own chart had a scroll bar at the bottom that moved the view off to the later years on the right-hand-side of that chart so he completely missed the HUGE drop in OPEC imports over the last 5 years.
US imports of foreign oil are down DRASTICALLY while US production is SOARING. The result of all this will have HUGE positive impacts on the US economy, the US balance of trade, and the US deficit.
In other 5-6 years our net oil imports will likely be down to ZERO and the US will be energy independent for the first time in DECADES.
Ken
In 6-7 years US will be the largest oil producer on the planet, and we will be energy independent. It's too bad partisanship prevents some people from admitting this is a good thing.
Of course being energy independent does not mean we will never import any oil again, it simply means we will not be dependent on such imports.
Last edited by Finn_Jarber; 06-22-2013 at 04:52 PM..
You really believe that? We will have to change our monetary policy first. Maybe if Ron Paul got in there I would buy your nonsense. Until then OPEC will be sending the crude our way. It would be nice if what you say became true but I aint buying it.
You said every month showed a downward trend in your previous post. I showed you were wrong.
Every month DOES show a downward trend.
Do you even know what the definition of "trend" is?
Apparently not - so let's display it for you:
TREND: "A general direction in which something is developing or changing."
Do you understand what "general direction" means. It doesn't mean that every single month follows the same pattern (in this case DOWN) without ever taking a break or a temporary reversal, it means that (even taking the occasional spike into account) the "general direction" is DOWN for EVERY SINGLE MONTH - and THAT'S the CASE. Every single month is moving in the same "general direction" - DOWN.
That's true for January, for February, for March, for April, for EVERY SINGLE MONTH. The trend for every single one of those months is DOWN - without exception. Over the last 5 years the trend for January is DOWN, over the last 5 years the trend to February is DOWN, over the last 5 years, the trend for March is DOWN, etc, etc, etc. Every month is trending downwards - every single one - as are the years overall.
If you look at it by year we are down a bit in imports from OPEC but nothing of signifigance.
You don't think that dropping by 30% or so in just 5 years is significant?
Why don't you cut your pay by 30% over 5 years and tell me again that it's not "significant".
If the economy ever picks back up so will imports from OPEC. Why can't you admit that?
Because the economy HAS picked up - the fact that YOU don't want to accept that is not really relevant.
Oh wait because you are arguing a losing point. March on.
The point is that the OP is not correct as this "oil boom" is not getting us off OPEC oil. In fact all that fracked oil you folks are touting is being shipped off to Canada if you read the article I posted a bit back. All of it. The only refineries set up to accept it are on the east coast and it costs too much to ship it there so it goes to Canada now. So it isn't helping get us off OPEC oil in the least. Is it good for the economy, yes as I have stated, is it getting us off OPEC oil as this thread is touting, no.
First of all the oil is produced HERE (regardless of where it is PROCESSED), secondly Canada is NOT part of OPEC. How many times do you have to be told that?
Geeze!
Because you apparently cannot understand it the first time (or maybe even the SECOND TIME) I'll say it over and over and over again:
Canada is NOT part of OPEC
Canada is NOT part of OPEC
Canada is NOT part of OPEC
It doesn't matter HOW much we send to CANADA for refining because Canada is NOT PART OF OPEC so your argument that we still dependent on OPEC because we refine in Canada is pure ignorant bullsh*t. Apparently you don't even know what OPEC is.
Ken
Last edited by LordBalfor; 06-22-2013 at 05:49 PM..
The point is that the OP is not correct as this "oil boom" is not getting us off OPEC oil. In fact all that fracked oil you folks are touting is being shipped off to Canada if you read the article I posted a bit back. All of it. The only refineries set up to accept it are on the east coast and it costs too much to ship it there so it goes to Canada now. So it isn't helping get us off OPEC oil in the least. Is it good for the economy, yes as I have stated, is it getting us off OPEC oil as this thread is touting, no.
Maybe you should read the OP again, because it does not say we will be "off OPEC oil", it says our production capabilities may be able to sway the OPEC dominance in the world markets.
Quote:
Surging U.S. oil production and greater energy conservation are helping keep a lid on oil prices worldwide and may be limiting the sway OPEC holds over world markets.
Maybe you should read the OP again, because it does not say we will be "off OPEC oil", it says our production capabilities may be able to sway the OPEC dominance in the world markets.
And again I've yet to see how this is so. Perhaps you can convince me. When the oil from the boom is being exported how is this going to thwart OPEC? Maybe in the future but your prediction from earlier has no merit.
And again I've yet to see how this is so. Perhaps you can convince me. When the oil from the boom is being exported how is this going to thwart OPEC? Maybe in the future but your prediction from earlier has no merit.
What we do with our oil is irrelevant. OPEC produces 75% of worlds oil, and our oil boom will sway / thwart that number. It is actually quite simple.
How is exporting oil to Canada have anything to do with imports from OPEC?
YOU tell me.
YOU are the one who brought it up:
Quote:
Originally Posted by KUchief25
You said every month showed a downward trend in your previous post. I showed you were wrong. If you look at it by year we are down a bit in imports from OPEC but nothing of signifigance. If the economy ever picks back up so will imports from OPEC. Why can't you admit that? Oh wait because you are arguing a losing point. March on.
The point is that the OP is not correct as this "oil boom" is not getting us off OPEC oil. In fact all that fracked oil you folks are touting is being shipped off to Canada if you read the article I posted a bit back. All of it. The only refineries set up to accept it are on the east coast and it costs too much to ship it there so it goes to Canada now. So it isn't helping get us off OPEC oil in the least. Is it good for the economy, yes as I have stated, is it getting us off OPEC oil as this thread is touting, no.
Ken
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