Monday, December 05, 2011

sigh

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.

The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration.

That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places Europe.



War in the middle east decreases the overall global supply.
We increase our domestic production under the auspices of national security.
Despite the apparent security risk, we continue to import oil while we export oil.
U.S. Consumers pay more at the pump.
U.S. based oil companies make greater profits than ever.

And you wonder why people are camping the streets ?

1 comment:

Darma Yoga said...

Nice Post . . .:)

may you want to stay in bali, you can book hotels in bali from my website ( List of Bali Hotels Discount ,Low Rates ):

Bali Hotels
Bali Kuta Hotels
Bali Nusa Dua Hotels
Sanur Beach Hotels


Best Regards


Bali Hotels Management