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Wed Jan 2, 2013, 08:49 PM

REMEMBER DRILL BABY DRILL


Drilling The Big GOP Lie: The US Exports More Gasoline Than It Imports

The Republican Party seems to think Americans are stupid and will not dig into the “facts” that they spew. This is especially the case with oil drilling, exploration and so called energy independence.

The Republicans have told the American people that we need to drill for more oil, build refineries and build pipelines all in the name of energy independence. Yet as CNBC pointed out in December of 2011, the United States is EXPORTING more refined fuel, gasoline, than it imports for the first time in 50 years.

“For all refined petroleum products, the U.S. in the first 10 months of 2011 exported 848 million barrels and imported 750 million. Lipow said he believes this if the first time since World War II that the U.S. will be a net exporter of refined petroleum products, but government data on the EIA website only goes back to 1973.”

So, why are gas prices increasing across this country? Why are we still at about $3.30 a gallon when we are exporting more now than we did under Reagan, Bush, Clinton or Bush Jr.? We were told by the Republicans that drilling a refining will decrease the cost of oil and bring us to energy independence.
THEY NEEDED THOSE PIPELINES TO EXPORT THE OIL OUT OF THE GULF OF MEXICO!
THE OIL COMPANIES ARE MAKING RECORD PROFITS WHILE KEEPING THE PRICE OF HEATING OIL AND GASOLINE HIGH IN THE STATES!

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Reply REMEMBER DRILL BABY DRILL (Original post)
luckyleftyme2 Jan 2013 OP
NYC_SKP Jan 2013 #1
luckyleftyme2 Jan 2013 #3
NYC_SKP Jan 2013 #5
Buzz505 Jan 2013 #2
luckyleftyme2 Jan 2013 #4

Response to luckyleftyme2 (Original post)

Wed Jan 2, 2013, 08:56 PM

1. Be sure to be sure about the difference between imports/exports of crude versus refined products.

I am certain that we still import far more petroleum than we export.

Refined gasoline is just a small part of the picture.

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Response to NYC_SKP (Reply #1)

Mon Jan 7, 2013, 12:29 AM

3. ha ha


and of course you know once the country is in hock the next step is to exhaust its natural resources which has been going on for several years here! once the bread basket of the world now owned by large companies who are exporting more and more causing higher and higher pricesfor the locals;now our leading export is oil! ya your def a fox news man!

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Response to luckyleftyme2 (Reply #3)

Mon Jan 7, 2013, 10:43 PM

5. Did you just say to me, "ya your def a fox news man!"



Do you realize how silly that looks, given the misinformation you're posting?

Please get thee to the Energy Information Administration homepage, a division of the US Department of Energy, a building I frequently visit (It's right by the Smithsonian, you can't miss it).

Look, we are not a net exporter of oil. We presently export more finish products, that's a huge distinction.

Do a little research before you go calling people names, umkay?

http://www.bloomberg.com/news/2012-02-29/u-s-was-net-oil-product-exporter-in-2011.html



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Response to luckyleftyme2 (Original post)

Thu Jan 3, 2013, 01:40 PM

2. Why $3.30?

Because oil prices are determined by trading futures on the stock exchange just so people can make money trading futures. Beware, copper is next.

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Response to Buzz505 (Reply #2)

Mon Jan 7, 2013, 12:30 AM

4. its probably to late


It's probably to late -I think the right has done us in-at this rate it won't take long-20 years or less!

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