Posted on 12/31/2011 8:10:43 AM PST by decimon
NEW YORK (AP) — For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.
Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.
Just how big of a shift is this? A decade ago, fuel wasn't even among the top 25 exports. And for the last five years, America's top export was aircraft.
(Excerpt) Read more at news.yahoo.com ...
Thanks. I’m in New York so I’ll be affected.
Ed Markey denounces the oil companies for putting profits above the benefit of the people in the Northeast. It doesn’t occur to Markey to remove impediments to the oil companies making a good profit.
Wow, I think I know an easy way to reduce the price of gasoline in the US.
Post #9 and #12 have two answers.
There is some help coming.
Colonial Pipeline to add 100,000 b/d gasoline capacity
http://www.ogj.com/articles/2011/12/colonial-pipeline-to-add-100000-bd-gasoline-capacity.html
Recent refinery closings in the Northeast have contributed to allocating space on Colonial mainlines, the company said, primarily between Houston and Greensboro. The announced and completed expansions are intended to help alleviate this condition.
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