Uproar over Saudi aid to Egypt highlights US oil dependence

Uproar over Saudi aid to Egypt highlights US oil dependence

http://video.foxnews.com/v/261912017...il-dependence/

I agree with Ron Paul....

i didnt click the link... but since 2011 the US has exported more oil than it imported... we dont use imported oil for domestic use.

Quote:

---

Originally Posted by FMD

i didnt click the link... but since 2011 the US has exported more oil than it imported... we dont use imported oil for domestic use.

---

in 2011 we became net exporters of finished refined goods. Gasoline, heating oil, etc. because our refining capacity is higher than many other areas
http://www.bloomberg.com/news/2012-0...r-in-2011.html

We continue to be net importers of crude oil.
http://www.eia.gov/dnav/pet/hist/Lea...s=wttntus2&f=4