HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » In a first, gas and other...

Sat Dec 31, 2011, 09:25 AM

 

In a first, gas and other fuels are top US export

In a first, gas and other fuels are top US export
By CHRIS KAHN

NEW YORK - For the first time, the top export of the United States, the world's biggest gas guzzler, is - wait for it - fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

Just how big of a shift is this? A decade ago, fuel wasn't even among the top 25 exports. And for the last five years, America's top export was aircraft.

The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over.

http://www.pressdemocrat.com/article/20111231/APA/1112310594

50 replies, 10409 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 50 replies Author Time Post
Reply In a first, gas and other fuels are top US export (Original post)
FreakinDJ Dec 2011 OP
dipsydoodle Dec 2011 #1
FreakinDJ Dec 2011 #2
dipsydoodle Dec 2011 #3
freshwest Dec 2011 #32
wordpix Dec 2011 #4
BootinUp Dec 2011 #9
Yo_Mama Dec 2011 #23
FreakinDJ Dec 2011 #29
sulphurdunn Dec 2011 #5
FreakinDJ Dec 2011 #6
wordpix Dec 2011 #13
SammyWinstonJack Dec 2011 #7
hunter Dec 2011 #8
Historic NY Dec 2011 #10
alphafemale Dec 2011 #11
FreakinDJ Dec 2011 #12
Yo_Mama Dec 2011 #22
FreakinDJ Dec 2011 #28
Yo_Mama Jan 2012 #41
tclambert Dec 2011 #33
bhikkhu Dec 2011 #38
Yo_Mama Jan 2012 #42
alfredo Dec 2011 #14
alfredo Dec 2011 #15
sandyd921 Dec 2011 #16
ixion Dec 2011 #17
alfredo Dec 2011 #18
KeepItReal Dec 2011 #21
alfredo Dec 2011 #34
Blacksheep214 Dec 2011 #19
The Wizard Dec 2011 #20
Blacksheep214 Dec 2011 #24
alfredo Dec 2011 #35
Scairp Jan 2012 #45
alfredo Jan 2012 #46
tabasco Dec 2011 #36
Blacksheep214 Jan 2012 #39
The Wizard Jan 2012 #43
Blacksheep214 Jan 2012 #44
alfredo Jan 2012 #47
The Wizard Jan 2012 #49
alfredo Jan 2012 #50
Spider Jerusalem Dec 2011 #25
bhikkhu Dec 2011 #37
jwirr Dec 2011 #26
alfredo Jan 2012 #48
greiner3 Dec 2011 #27
freshwest Dec 2011 #31
freshwest Dec 2011 #30
DirkGently Jan 2012 #40


Response to dipsydoodle (Reply #1)

Sat Dec 31, 2011, 09:40 AM

2. They finally admitted it was the No.1 export in dollars

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Reply #2)

Sat Dec 31, 2011, 09:55 AM

3. In which case

Rec'd.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to dipsydoodle (Reply #1)

Sat Dec 31, 2011, 04:55 PM

32. Spoilsport!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 10:11 AM

4. oooh, but we must be energy independent and keep deepwater drilling & fracking

whoops, we need to destroy our land and waters to have fuel for other nations.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to wordpix (Reply #4)

Sat Dec 31, 2011, 11:11 AM

9. disgusting, isn't it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to wordpix (Reply #4)

Sat Dec 31, 2011, 01:35 PM

23. We import a good chunk of our petroleum supply

Cutting that level of imports is crucial to attain fiscal stability:


You can run fiscal deficits with a trade surplus, but when you import more goods than you export AND you run a large fiscal deficit, you are running into trouble over time:

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama (Reply #23)

Sat Dec 31, 2011, 03:05 PM

29. I work in Oil Refining - I'm glad you read our reports however wrong the interpetation

 

USA has become a NET Exporter - see post #22

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 10:19 AM

5. No irony here.

 

Just imagine how fuel exports will grow after the Keystone XL pipeline is built and ANWAR is tapped by corporations that will pay relatively low if any taxes on profits that are subsidized and costs that are externalized by public money and how wonderful that will be for the economy by driving domestic fuel costs up and by creating millions and millions of new jobs in China and India. Isn't the magic of the free market wonderful?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to sulphurdunn (Reply #5)

Sat Dec 31, 2011, 10:45 AM

6. Keystone Pipeline is destine for Port Arthur Texas (Tax Free Zone)

 

which means import / export taxes will not be paid

All the Pollution but None of the Tax Revenues

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Reply #6)

Sat Dec 31, 2011, 12:00 PM

13. "All the Pollution but None of the Tax Revenues" I did not know that

Typical BS ---really getting sick of this shit

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 10:46 AM

7. Yeah.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 11:08 AM

8. U.S. refineries can take a tanker full of crappy low quality oil and turn it into excellent fuel.

Maybe we should export those jobs and technologies to China?

That would certainly cut down on pollution here in the U.S.A..

This is one of those "be careful what you wish for" problems.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 11:15 AM

10. And were paying for it a the pump .......

the supply has outpaced demand if they are able to export the excess.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 11:38 AM

11. Simple answer. It's not that exports of such have increased.

It's that the exports of everything else are so much decreased.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alphafemale (Reply #11)

Sat Dec 31, 2011, 11:52 AM

12. Actually that would not be entirely accurate

 

The refineries and shipping companies have quitely been converting over for the last 4-5 years. They offload crude and backhaul fuel is the business model now.

Additionally the USA is now a "Net Exporter" as we export MORE refined products then we import crude oil - that also has changed as the US Economy slowed

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Reply #12)

Sat Dec 31, 2011, 01:32 PM

22. The US is most definitely not a net exporter

Every week I read the petroleum inventory reports
http://ir.eia.gov/wpsr/overview.pdf

Our cumulative daily average for products supplied is 19,018. Our cumulative daily average for imports (crude and finished) is 8,784. Both of those numbers are for thousands of barrels per day.

By any standard I understand, the US imported 46% of our petroleum products consumed this year. Over the last four week period we imported 43.7% of our total products supplied.

We are shifting the imbalance in a positive direction:

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama (Reply #22)

Sat Dec 31, 2011, 03:01 PM

28. USA is a Net Exporter according to these reports

 

I don't read reports - I WORK in Oil Refining


Fuel exports up, and so is the cost at the pump

DAVID R. BAKER, SAN FRANCISCO CHRONICLE

Faced with sluggish sales at home, American refineries are shipping their gasoline, diesel and other petroleum products abroad in record amounts, turning the country into a net exporter of fuel.

And that’s one of the reasons why gasoline now costs more than ever for this time of year.

The United States, long the world’s most voracious consumer of fuel, still imports almost half of its crude oil, the raw material for gasoline and diesel. But starting in 2008, the country began exporting more refined petroleum products than it imported. And the gap keeps growing.

In the first nine months of this year, the United States exported 655 million barrels of finished petroleum products, including 121 million barrels of gasoline, while importing 264 million barrels of finished petroleum products, including 32 million barrels of gasoline, according to the U.S. Energy Information Administration.
http://fuelfix.com/blog/2011/12/02/fuel-exports-up-and-so-is-the-cost-at-the-pump/



Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Reply #28)

Sun Jan 1, 2012, 06:14 AM

41. Oh - you meant refined products

Yeah. We are.

I don't see it as a bad thing.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama (Reply #22)

Sat Dec 31, 2011, 06:56 PM

33. We import crude oil. The exports the article talks about are refined fuels.

Gasoline, diesel, jet fuel. The full article does say we are nowhere near energy independence. We import the crude oil we refine into the exportable products.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama (Reply #22)

Sat Dec 31, 2011, 09:51 PM

38. apples and oranges - refined product versus crude oil

But its actually good both ways - as far as crude oil we're importing less than 50% for the first time in decades, and as far as refined product we are a net exporter for the first time in decades (depending on the particular type of product.

And even better, overall use is down.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bhikkhu (Reply #38)

Sun Jan 1, 2012, 06:14 AM

42. Yes, we are steadily cutting petroleum use.n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 12:20 PM

14. K&r

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alfredo (Reply #14)


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 12:40 PM

16. Not exactly anything to boast about here

for the USA! USA! crowd:

We're using less gas because of (a) our crappy economy and (b) more fuel-efficient cars and mandated use of ethanol and so sending more of what's refined here abroad instead.

Also, the hugely inflated cost of the oil that is refined and the price per barrel of gasoline dwarfs our rapidly dwindling output of manufactured goods (they didn't say this in the article but I'd say it's part of the equation). Oh, and the article also said that we're sending a lot of this gas to economies in Latin America that are actually expanding. Bueno!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 12:40 PM

17. Ladies and Gentlemen, I give you one of the reasons fuel costs so much these days.

 

Hurray for Big Oil!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 12:44 PM

18. That makes one wonder why keystone.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alfredo (Reply #18)

Sat Dec 31, 2011, 01:28 PM

21. No need to wonder....get tar sands oil to Gulf Coast refineries

....to ship overseas

They have the nerve to run commercial talking about "energy security" when it's really about securing profits for big oil.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to KeepItReal (Reply #21)

Sat Dec 31, 2011, 07:50 PM

34. It's letter writing time.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 12:53 PM

19. Drill Baby Drill?

 

Can anyone explain how this brain dead slogan actually resonated with people?

Oh yeah! Most Americans are now uneducated, violent ultra-nationalists without a lick of common sense!

Gee, did I say that out loud?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 01:14 PM

20. Did anyone forget war? (NT)

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Wizard (Reply #20)

Sat Dec 31, 2011, 01:35 PM

24. Tinnitus

 

Guaranteeing you never forget!

Every second of every day it never stops ringing!

Veterans will NEVER forget! We can't!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Blacksheep214 (Reply #24)

Sat Dec 31, 2011, 07:52 PM

35. Bilateral Tinnitus, the gift that keeps on giving.

USASA 65 to 69

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alfredo (Reply #35)

Mon Jan 2, 2012, 05:12 PM

45. Sucks doesn't it n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Scairp (Reply #45)

Tue Jan 3, 2012, 12:07 AM

46. Yeah, it sucks, but it got me that "service connected" line on my VA card and a few dollars.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Blacksheep214 (Reply #24)

Sat Dec 31, 2011, 08:02 PM

36. I'm going to volunteer with VA for any experimental treatments. n/t

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to tabasco (Reply #36)

Sun Jan 1, 2012, 01:10 AM

39. Good luck! nm

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Blacksheep214 (Reply #24)

Sun Jan 1, 2012, 10:08 AM

43. Getting hearing aids this week

Tired of asking people to repeat themselves. Artillery ears.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Wizard (Reply #43)

Sun Jan 1, 2012, 06:50 PM

44. My insurance only covers cheaper ones.

 

The audiologist turned me on to 2 BTE models, digital and best yet, demos. I got both for my insurance cover.

Ask! Always ask!

Unfortunately while I hear better, the ringing is always there.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Wizard (Reply #43)

Tue Jan 3, 2012, 12:09 AM

47. Have you gone to the VA for that? My ears are fried from my years as Morse Intercept.

I am getting compensated for that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alfredo (Reply #47)

Tue Jan 3, 2012, 03:36 AM

49. The VA is giving me hearing aids. (NT)

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Wizard (Reply #49)

Tue Jan 3, 2012, 09:50 AM

50. Great!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 02:02 PM

25. America still relies on imports.

What's being exported is refined product processed in US refineries after having been imported for that purpose. The reason that fuel is now the top export is because the US has refinery capacity that Mexico and Canada and so on don't have. NOT because the US is no longer reliant on imported oil.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Spider Jerusalem (Reply #25)

Sat Dec 31, 2011, 09:43 PM

37. Less than 50% of our oil use is now imported

...which I think is a more important milestone than refined product exports, but its all good from an economic standpoint, I think.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 02:11 PM

26. Just started rereading The Unsettling of America Culture & Agriculture by Wendell Berry and this

post is so in that book. The book need to be read by anyone who has not read it and I would hope that Occupy activists would take the time. It is a older look at the 1%/99% issue.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jwirr (Reply #26)

Tue Jan 3, 2012, 12:24 AM

48. Ed McClanahan is another good Kentucky writer. Image below

Here he is doing a reading for Occupy Lexington, Ky



http://www.david-loftus.com/Features/kesey.html

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 02:38 PM

27. As was the hype of the Alaskan Pipeline;

 

That all that fuel would help the US's dependence on oil, all this rush to get the natural gas out of the ground will only benefit;

Wait for it,








Wait for it,








The large oil companies. That gas will be shipped where it will bring in the most profits; probably China, Japan or Europe. They pay a LOT more for this stuff than we do.

Follow the money.

BTW, nearly all the oil that was/is being taken out of the ground in Alaska is sold to Japan under agreements made, secretly, by Exxon and BP; go figure. It was secret because if word got out that this oil would not go to ease the fuel crunch then happening here, then the good, but in the end losing, fight environmentalists put up probably would have succeeded.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to greiner3 (Reply #27)

Sat Dec 31, 2011, 04:54 PM

31. Yeah, we knew that. They are internationalists when it come to money. That national thing, well,

That's just for the yokels back down of the farm. USA! USA!

Drill baby, drill! Eliminate the EPA or you won't have a job!

I wonder what the next lying meme will be.


Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sat Dec 31, 2011, 04:49 PM

30. If it keeps our mitts out of other countries, fine. Fracking for it, NO.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreakinDJ (Original post)

Sun Jan 1, 2012, 03:07 AM

40. Yet gas prices remain high. Because oil is an international commodity. Drill, baby ...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread