From http://www.huffingtonpost.com/2011/05/03/us-becomes-net-exporter-o_n_857085.html
While some Americans cut back<http://www.aolnews.com/2011/04/11/gas-prices-rise-americans-cutting-back-on-driving/> on driving as gas prices soar, the U.S. has become a net exporter of fuel for the first time in nearly 20 years. According to data from the Energy Department,<http://www.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTPNTUS2&f=M>starting last November -- with the exception of the month of January -- the U.S. began exporting more petroleum products than it imported. This is not the source I got the idea from, its been in the news quite a bit lately, this is just the first google hit I tried. The theory is that between the recession (thus less use of fuel, both supply side and demand), conservation/efficiency, and more recent hi-tech oil/gas exploitation (horizontal drilling), the US consumption has dropped and the production has increased, causing a net surplus. It certainly is surprising. -- Owen On Mon, Feb 27, 2012 at 6:54 PM, Hugh Trenchard <[email protected]> wrote: > ** > Where did you see that the US is now a net oil exporter? The attachments > below are 2008 and 2009, but I suspect the picture hasn't changed much > since then (US imports 75% of its oil for consumption). I believe I saw > reference to "potential exporter" in the NY Times article. > > > http://www.washingtonpost.com/wp-dyn/content/graphic/2008/07/26/GR2008072601599.html > > http://www.flickr.com/photos/gdsdigital/4056035804/ > > ----- Original Message ----- > *From:* Owen Densmore <[email protected]> > *To:* Complexity Coffee Group <[email protected]> > *Sent:* Monday, February 27, 2012 9:14 AM > *Subject:* [FRIAM] A Good Question - Should the United States join OPEC? > > Now for something completely different: > > > http://www.nytimes.com/2012/02/26/opinion/sunday/friedman-a-good-question.html > > Basically whether or not the US should join OPEC now that it is a net oil > exporter. > > Insane as it sounds, there is some reason in the discussion. > > -- Owen > > ------------------------------ > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > lectures, archives, unsubscribe, maps at http://www.friam.org > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > lectures, archives, unsubscribe, maps at http://www.friam.org >
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
