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To: Reaganez

The US has been a net exporter for all of 2013 added up.


48 posted on 12/14/2013 4:48:55 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: editor-surveyor

The US is not a net exporter of oil.

And current projections by the oil industry is that this oil boom will last about 10 years. And then begin a dramatic drop.

This surge is only possible if oil remains in the $75-$100 range. If it drops much below that they are not profitable and wells are capped.


52 posted on 12/14/2013 4:52:59 PM PST by Reaganez
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To: editor-surveyor
The US has been a net exporter for all of 2013 added up.

Not even close.

The US still imports nearly half its oil.

88 posted on 12/14/2013 5:40:57 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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