Sorry but I can't make head or tail out of that. :-)
I don't see what it has to do with either of the posts above it, nor what you're really saying.
Ah sorry. Was discussing some of the oil issues from the import side and I know I had some export side of things. Basically more broad stroke at one point.
Let me dig up export numbers, but basically a lot of it is silly. (Meaning you can bag the Middle East, keep stuff here and do okay.)
>>"....Was discussing some of the oil issues from the import side and I know I had some export side of things...."<<
Sounds like George Costanza's attempted alibi to Susan when he went to meet Marisa Tomei. :haha:
Here is the link for the numbers that I used before. And I knew I pulled export numbers before also.
PS Maris did roids
I never said, "oil." I said, "fuel."
Our biggest "import" is still crude oil, but our biggest "export" is now (as of 2011) fuel (refined here in the states) in the form of gasoline, jet fuel, and diesel. There is a surplus of gasoline in this country.
Congress could enact legislation demanding oil companies set a reasonable rate, like $2.00 per gallon for the American consumer, before any "fuel" gets exported to other countries. But they won't because they've already sold themselves to big oil.
FWIW, here's a link:
I don't think too many people will get why you're talking about "fuel" particularly.
I also think it's pretty irrelevant to anything.
IMO the only reason it's interesting is BECAUSE it looks like you're talking about oil.
If it's this other thing -- which, by the way, doesn't have a commonly understood meaning anyway -- most people would shrug, and wonder why you think it tells us much of anything of importance.
As near as I can tell, it doesn't.
You don't think that the U.S. having a surplus of gasoline and the prices going up at the same time, tells you something?
It also tells me "supply and demand" economic does not apply here, because demand is down in the U.S. and supply is sky high, and yet the price goes up --
Because commodity and futures speculators, like Goldman Sachs and other Wall St. traders are now involved in the manipulation of the price of gas.
It also tell me oil companies could get a pipeline the size of Texas s*cking a 100 trillion barrels of oil a day out of the planet and the price of gas would still go up for the consumer.
Not sure why you're acting as if manufactured fuel has always been the U.S. biggest export. Because in its history manufactured fuel has never been its biggest export.
"Instead of flowing the high supply to the US consumer to bring down the gas prices and help to economy, big oil instead, sends it overseas to for higher profit thus creating a false shortage here in America. "
Their primary fiduciary responsibilities are to their share-holders, not the consumer. I have to say, I am quite happy they are doing the refining here, and providing hundreds of thousands of high paying jobs.
"Yeah, let's build that Keystone pipeline so big oil can can get richer by moving it into the global economy. "
I'm cool with that. I've got a fair amount of big oil stock in my 403b.