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	Name:	GoneFishin -
	Subject:	OIL
	Date:	3/1/2012 8:36:03 PM

This is rather interesting with all interest in drilling offshore. Bloomberg News wrote that the U.S. exported more gasoline, diesel and other fuels than it imported in 2011 for the first time since 1949, the Energy Department said.

Shipments abroad of petroleum products exceeded imports by 439,000 barrels a day, the department said today in the Petroleum Supply Monthly report. In 2010, daily net imports averaged 269,000 barrels. U.S. refiners exported record amounts of gasoline, heating oil and diesel to meet higher global fuel demand while U.S. fuel consumption sunk.

The refiners buy oil from other countries as the raw product, refine it, and export what we don't need. One has to wonder if the high price of gasoline is due to the traders as the consumption in the states declined..

Other messages in this thread:

View Entire Thread

OIL - GoneFishin - 3/1/2012 8:36:03 PM

OIL - Barneget - 3/1/2012 8:49:58 PM

what is your point? - water_watcher - 3/1/2012 8:51:08 PM

OIL - copperline - 3/1/2012 10:32:24 PM

OIL - Barneget - 3/1/2012 10:56:10 PM

OIL - copperline - 3/2/2012 12:42:38 AM

OIL - water_watcher - 3/2/2012 7:35:57 AM

OIL - Tall Cotton - 3/2/2012 9:06:15 AM

OIL - Barneget - 3/2/2012 9:37:33 AM

OIL - water_watcher - 3/2/2012 10:55:28 AM

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