Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

4dsc

(5,787 posts)

7. Yes its being exported

Reply to msongs (Reply #1)

Fri Dec 28, 2012, 09:11 PM

Dec 2012

we import about 9 million barrels per day and export about 1 million barrels of refined oil products.

That and speculation add to the cost of our gas prices.

Edit history

Please sign in to view edit histories.

12 replies

= new reply since forum marked as read

Highlight:

Trains carrying more oil across US amid boom [View all] Omaha Steve Dec 2012 OP

if there is so much oil why are gas prices still so high? it's being exported eh? nt msongs Dec 2012 #1

Because it's expensive to get out of the ground NickB79 Dec 2012 #2

That's only part of it, the rest is speculation. DollarBillHines Dec 2012 #4

Yes, speculation does play a role in global oil trading NickB79 Dec 2012 #6

Yes its being exported 4dsc Dec 2012 #7

re:Trains carrying more oil across US amid boom allan01 Dec 2012 #3

Anyone remember John W. Snow? DollarBillHines Dec 2012 #5

I got stuck waiting for one of them on the way home from work, yesterday. Odin2005 Dec 2012 #8

whatever happened to windpower and solar power? Rosa Luxemburg Dec 2012 #9

Cost, availability, and NIMBY FrodosPet Dec 2012 #12

Curious, how many 'mile long trains' would it take to fill a typical oil tanker? Brother Buzz Dec 2012 #10

The USA can invest the last penny into oil but hydrogen is theoretical and expensive. xtraxritical Dec 2012 #11