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This post is excellent and as relevant to Americans prosperity as anything posted here in the last 12 months. Thank you.
If the U.S. is "awash" in gasoline, why are we importing millions of gallons daily?
You are both totally off the mark here. We are currently a net exporter of ALL refined products. Mostly diesel, middle distillates, and bunker fuels.
And I challenge you both to please explain to me what is so correct and acceptable about exporting millions of metric tons of grain each year while we are paying record prices for our groceries.
And what the fuck is the deal with ethanol? 40% of our corn crop is diverted to ethanol production. We are making so much ethanol in this country that 20% of total ETOH production is exported!
Honestly, your ignorance astounds me.
The reason you are confused is because you are not reading the links. The US is NOT importing gasoline. It is importing oil. There is a difference.
Since gas is the USA's number one export, finding more won't bring the price down. It will only deplete our resources and give oil companies the ability to make even more money.
How come Republicans can't understand this simple fact? It's their policies that made this possible. Anything else would be "socialism". The truth is "right there".
If the U.S. is "awash" in gasoline, why are we importing millions of gallons daily?
You are both totally off the mark here. We are currently a net exporter of ALL refined products. Mostly diesel, middle distillates, and bunker fuels.
And I challenge you both to please explain to me what is so correct and acceptable about exporting millions of metric tons of grain each year while we are paying record prices for our groceries.
And what the fuck is the deal with ethanol? 40% of our corn crop is diverted to ethanol production. We are making so much ethanol in this country that 20% of total ETOH production is exported!
Honestly, your ignorance astounds me.
The reason you are confused is because you are not reading the links. The US is NOT importing gasoline. It is importing oil. There is a difference.
Either the Energy Information Administration is lying, or you're seriously misinformed.
Looks to me like we import a half million barrels per day of gasoline.
I've posted this before. Maybe you're the one not reading the links...
Weekly U.S. Imports of Total Gasoline (Thousand Barrels per Day)
The reason you are confused is because you are not reading the links. The US is NOT importing gasoline. It is importing oil. There is a difference.
Either the Energy Information Administration is lying, or you're seriously misinformed.
Looks to me like we import a half million barrels per day of gasoline.
I've posted this before. Maybe you're the one not reading the links...
Weekly U.S. Imports of Total Gasoline (Thousand Barrels per Day)
This is not a graph of net import/export. It is just a chart of how much total gasoline we import. I've searched the EIA and this was the best I could come up with.
U.S. Imports & Exports
Unfortunetly it doesn't compare total gasoline import vs total gasoline export, but it does show one obvious point
Import (by week)
Finished Motor Gasoline 43 80 111 81 126 32
Export (by week)
Finished Motor Gasoline 529 529 523 523 523 523
It couldn't be you are posting the wrong link, no it has to be everyone else is wrong except you.If the U.S. is "awash" in gasoline, why are we importing millions of gallons daily?
You are both totally off the mark here. We are currently a net exporter of ALL refined products. Mostly diesel, middle distillates, and bunker fuels.
And I challenge you both to please explain to me what is so correct and acceptable about exporting millions of metric tons of grain each year while we are paying record prices for our groceries.
And what the fuck is the deal with ethanol? 40% of our corn crop is diverted to ethanol production. We are making so much ethanol in this country that 20% of total ETOH production is exported!
Honestly, your ignorance astounds me.
The reason you are confused is because you are not reading the links. The US is NOT importing gasoline. It is importing oil. There is a difference.
Either the Energy Information Administration is lying, or you're seriously misinformed.
Looks to me like we import a half million barrels per day of gasoline.
I've posted this before. Maybe you're the one not reading the links...
Weekly U.S. Imports of Total Gasoline (Thousand Barrels per Day)
The obvious difference is the GOP is claiming that gas prices are high because environmentalists are restricting refining capacity. Obviously there is enough capacity to meet domestic demand plus the capacity to export record amounts as well. Gas prices are high because the oil monopoly keeps the prices high independent of supply and demand factors.And exports exceeding imports is...
What is so different about exporting G.I. Joes with Kung Fu grips as opposed to exporting- gasoline?
The obvious difference is the GOP is claiming that gas prices are high because environmentalists are restricting refining capacity. Obviously there is enough capacity to meet domestic demand plus the capacity to export record amounts as well. Gas prices are high because the oil monopoly keeps the prices high independent of supply and demand factors.And exports exceeding imports is...
What is so different about exporting G.I. Joes with Kung Fu grips as opposed to exporting- gasoline?
they pay more due to their tax policies...Nonsense cynic!! You want to know why gas is so high?? It's not. But it will be. China and India are putting millions of vehicles a year on the road. That will increase the demand exponentially and decrease the supply, Then we'll have high gas prices. Whether you know it or not, they already pay a bundle for the stuff in most of the rest to the world. Generally more than twice what we pay! http://money.cnn.com/2011/03/10/news/international/gas_prices_worldwide/index.htm
If we are exporting so much gasoline, as you claim, then why are we importing more than half our oil, millions of barrels of crude a day from all over the world?? Crude Oil and Total Petroleum Imports Top 15 Countries
The US is producing so much gasoline, Big Oil can't sell all of it here. So they are exporting record amounts of gasoline to keep the price here artificially high. ...
"The difference between countries comes down to taxes and subsidies," said Tom Kloza, the chief oil analyst for Oil Price Information Service. "Prices are incredibly high in Europe because of the stiff taxes that EU countries put on fuel. The same holds true for many other countries."
Plotting to jack the price up.The obvious difference is the GOP is claiming that gas prices are high because environmentalists are restricting refining capacity. Obviously there is enough capacity to meet domestic demand plus the capacity to export record amounts as well. Gas prices are high because the oil monopoly keeps the prices high independent of supply and demand factors.And exports exceeding imports is...
What is so different about exporting G.I. Joes with Kung Fu grips as opposed to exporting- gasoline?
There was a time when we had deficit refining capacity- but times have changed. And they've changed for the good.
Would you prefer that the U.S. continually be a net importer of gasoline thereby exacerbating our trade deficit?
"Gas prices are high because"... the perpetual whining mantra of the liberal mindset.
Regarding your alleged "oil monopoly" - in 1999 when crude was selling at $10 and gasoline was 60 cents a gallon - where was this monpoly?
Plotting to jack the price up.The obvious difference is the GOP is claiming that gas prices are high because environmentalists are restricting refining capacity. Obviously there is enough capacity to meet domestic demand plus the capacity to export record amounts as well. Gas prices are high because the oil monopoly keeps the prices high independent of supply and demand factors.
There was a time when we had deficit refining capacity- but times have changed. And they've changed for the good.
Would you prefer that the U.S. continually be a net importer of gasoline thereby exacerbating our trade deficit?
"Gas prices are high because"... the perpetual whining mantra of the liberal mindset.
Regarding your alleged "oil monopoly" - in 1999 when crude was selling at $10 and gasoline was 60 cents a gallon - where was this monpoly?
Per litre.
