People don’t believe it, but oil is are number one export.
“People dont 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..”.
The U.S. is still very much a net importer of crude oil.