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To: Red in Blue PA

So all of our increased production is doing what, exactly?


9 posted on 04/21/2014 4:38:28 AM PDT by Adder (No, Mr. Franklin, we could NOT keep it.)
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To: Adder

Calculate the price of gasoline in gold or silver compared to past prices in gold or silver and you’ll have your answer.


10 posted on 04/21/2014 4:41:49 AM PDT by jjotto ("Ya could look it up!")
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To: Adder
So all of our increased production is doing what, exactly?

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.

12 posted on 04/21/2014 5:17:34 AM PDT by thackney (life is fragile, handle with prayer)
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To: Adder; Red in Blue PA; Hoodat; Principled; thackney
"So all of our increased production is doing what, exactly?"

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.

17 posted on 04/21/2014 11:56:45 AM PDT by Ben Ficklin
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To: Adder

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!


20 posted on 04/21/2014 12:06:56 PM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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