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View Diary: Obama calls for end of oil tax breaks (121 comments)

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  •  The point is that if the U.S. were... (3+ / 0-)

    ...not exporting a single drop of oil products, it would still have to import millions of barrels of oil each day to keep up with demand for oil products, even though that demand in terms of transportation needs has fallen nearly 2 million barrels a day since 2005 because of less driving (some of which is recession-related) and more fuel-efficient driving.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Thu Mar 01, 2012 at 04:57:36 PM PST

    [ Parent ]

    •  The only way I can reconcile what you're saying (0+ / 0-)

      and what the article on Yahoo said is to assume that one or the other is simply wrong, or that I'm just completely missing some very specific vital piece of information that you're saying because I'm not savvy on petroleum chemical manufacturing.

      Are we, or are we not exporting more more oil than we import?

      the U.S. Energy Information Administration reports February was the third month out of four that the U.S. -- the world's most energy-hungry nation -- actually exported more oil that it imported.
      Something here has me completely confused.  To 'actually export(ed) more oil than it imported' seems to imply that if we're needing to import millions of barrels a day, we'd have to be also exporting millions of barrels a day.  If the Yahoo guys are just flat out wrong, fine, but it sounds quite confusing unless somebody is wrong.

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