To: PA Engineer
84 posted on
02/19/2014 7:54:25 PM PST by
Theoria
(End Socialism : No more GOP and Dem candidates)
To: Theoria
Only one of the three links is partially correct and it sure is not Senator Edward J. Markey (D-Mass.). Did you know that many countries have sent their crude to the gulf coast refineries to be refined and returned to their countries?
From wall street journal article:
Since then, U.S. oil production has grown and demand has stagnated. As a result, U.S. refineries are increasingly cranking out gasoline, diesel and jet fuel for overseas markets, in particular Latin America.U.S. exports of refined products have nearly tripled since 2005, according to government data, and the U.S. became a net exporter of those products in 2011.
Tapping Canadian oil would help displace imports of crude oil from countries such as Venezuela and Mexico, said Marty Durbin, executive vice president at the American Petroleum Institute, a trade group.
This is one of the few sectors that has prevented a complete collapse of the balance of trade. Oil in fungible. Do you know what that means?
87 posted on
02/19/2014 8:47:18 PM PST by
PA Engineer
(Liberate America from the Occupation Media.)
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