Mr. H.
Diamond Member
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.
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)