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Thread: Uproar over Saudi aid to Egypt highlights US oil dependence

  1. #1
    Tony Fracasso - Admin
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    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....

  2. #2
    Member FMD's Avatar
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    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.
    Willful ignorance is the downfall of every major empire in history.

    "Political power grows out of the barrel of a gun." - Mao, 1938

  3. #3
    Member yokes's Avatar
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    Quote Originally Posted by FMD View Post
    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

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