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U.S. on track to be a net exporter of gasoline for the first time in 60 years

Discussion in 'Current Events' started by Party Rooster, Dec 5, 2011.

  1. Party Rooster

    Party Rooster Unleash The Beast

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    Was wondering why gas has still been going down despite oil going up over $100 a barrel.

     
  2. mascan42

    mascan42 Registered User

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    Maybe it's me, but I thought most countries did their own refining. Are we just exporting to the third-world?
     
  3. Voss's Tumor

    Voss's Tumor Banned

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    Yes but no. We're exporting largely to third-world nations, but a lot of more modern societies still rely heavily on imports for largely political reasons.

    All in all this is very good economic news for us.
     
  4. Hate & Discontent

    Hate & Discontent Yo, homie. Is that my briefcase?

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    Yep. Now if only we had started more drilling about 10 years ago...
     
  5. ShooterMcGavin

    ShooterMcGavin Go back to your shanties.

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    Can I get the link to the article please?
     
  6. CousinDave

    CousinDave Registered User

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    Their demand for gasoline is going up faster than their levels of refining, while in the US demand isn't really increasing - cars are getting more efficient, people are driving less, etc...
     
  7. MrAbovePar

    MrAbovePar En Taro Anthony

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    Bingo.

    However our politicians will fuck it up by pressuring refineries to restrict exports in an attempt to glut the local market and drive prices down. Resulting in foreigners sending us less oil and refining it themselves.

    You can always expect a political solution that ruins a good thing.
     
  8. Party Rooster

    Party Rooster Unleash The Beast

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  9. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

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    Additionally, our refineries are the only ones that can handle certain crudes, like the high-sulfur stuff from Venezuela. They need us to refine their shit otherwise it's just duck coating.
     
  10. ShooterMcGavin

    ShooterMcGavin Go back to your shanties.

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  11. Chino Kapone

    Chino Kapone Yo, whats wrong wit da beer we got?

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