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To: Kaslin

People don’t believe it, but oil is are number one export.


39 posted on 03/11/2012 10:02:49 AM PDT by Theoria (Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
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To: Theoria

“People don’t believe it, but oil is are number one export.”
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Oil isn’t—petroleum products are. There’s nothing wrong with importing a raw material (e.g., crude oil), adding value (e.g., refining the crude oil to gasoline or jet fuel) and then exporting the final product at a profit. This is a GOOD THING. It creates (non taxpayer subsidized) jobs and wealth here in the US.

Only imbeciles, political demagogues and/or folks who don’t have even a rudimentary understanding of the industry (such as Bill O’Reilly) think that this is a bad thing.

And please don’t misunderstand me Theoria, I know that YOU understand all this but you’re absolutely right—MANY “People don’t believe it..”.


50 posted on 03/11/2012 10:34:51 AM PDT by House Atreides
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To: Theoria
Well, not exactly. Refined petroleum products (not crude oil) were the #1 export from the U.S. in 2011. These products would include things like gasoline, aviation fuel and kerosene.

The U.S. is still very much a net importer of crude oil.

82 posted on 03/11/2012 3:52:22 PM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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