So all of our increased production is doing what, exactly?
Calculate the price of gasoline in gold or silver compared to past prices in gold or silver and you’ll have your answer.
Replacing oil imported from overseas, sending less dollars to fund our enemies.
In 2008, when gasoline prices averaged in the US over $4/gal, we imported 5.8 million barrels per day from OPEC. We started 2014 importing 3.1 million barrels per day from OPEC.
U.S. Imports from OPEC Countries of Crude Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRIMXX2&f=M
We still import nearly as much crude oil as we produce ourselves. But it is improving.
Some of it is being exported as gasoline and diesel. Or as the Fuel Fix article 3 days ago stated: exporting a tidal wave of gasoline and other fuels.
Don’t you like paying extra fer that murkin’ liberty crude (I should copyright that.. I think a lot of rubes could buy into that one) instead of the cheaper islamo oil Chavez sludge? You better get on board with the lower standard of living and learn to like it, mister!