Thanks for the clarification. It is still surprising nonetheless.
----- Original Message -----
From: Russ Abbott
To: The Friday Morning Applied Complexity Coffee Group
Cc: Hugh Trenchard
Sent: Monday, February 27, 2012 7:47 PM
Subject: Re: [FRIAM] A Good Question - Should the United States join OPEC?
We exported more petroleum products, not more oil. We are still net oil
importers.
-- Russ Abbott
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Professor, Computer Science
California State University, Los Angeles
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On Mon, Feb 27, 2012 at 7:42 PM, Owen Densmore <[email protected]> wrote:
From
http://www.huffingtonpost.com/2011/05/03/us-becomes-net-exporter-o_n_857085.html
While some Americans cut back 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,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
To: Complexity Coffee Group
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
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FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
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============================================================
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
