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Author Topic: Oil Exports Trim U.S. Deficit as Fuel Gap Shrinks: Economy Back to Topics
Teslukbla
Champion Author
Missouri

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Message Posted: Feb 9, 2013 3:01:29 PM

Record petroleum exports helped shrink the U.S. trade deficit in December to the smallest in almost three years as America moved closer to energy self- sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo. The gap narrowed 20.7 percent to $38.5 billion, the smallest since January 2010 and lower than any estimate in a Bloomberg survey of 73 economists, Commerce Department figures showed today in Washington. Oil exports climbed $11.6 billion. Another report showed wholesale inventories unexpectedly declined in December.
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REPLIES (newest first) Post a Reply
virostek
Veteran Author Virginia

Posts:423
Points:90,285
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Message Posted: Feb 11, 2013 7:10:23 AM

OK.
DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 11, 2013 3:15:43 AM

a step in the right direction
dave27johnson
Champion Author Chicago

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Message Posted: Feb 10, 2013 11:44:28 PM

Good news.
Ahking
Champion Author Orange County

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Message Posted: Feb 10, 2013 2:56:57 AM

also raises domestic gas pricing.
MrLefty0706
Champion Author Chicago

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Message Posted: Feb 10, 2013 1:50:39 AM

Now a trade surplus would be outstanding.
mastermariner
Champion Author Texas

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Message Posted: Feb 10, 2013 1:07:38 AM

Good
1momsunshine
Champion Author Ottawa

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Message Posted: Feb 10, 2013 12:06:03 AM

Good direction
investmentdr
Champion Author Cleveland

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Message Posted: Feb 9, 2013 9:21:30 PM

Imports are falling too
Lugi1967
Champion Author Ohio

Posts:7,639
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Message Posted: Feb 9, 2013 9:11:50 PM

Good direction
ss70
Champion Author Detroit

Posts:13,596
Points:2,611,395
Joined:Sep 2005
Message Posted: Feb 9, 2013 5:55:34 PM

Reduce the chinese imports by 10% or more , it will help a lot.
wrunner
Champion Author Virginia

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Message Posted: Feb 9, 2013 5:09:33 PM

Still a long way to go.
humblepie
Champion Author Toledo

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Message Posted: Feb 9, 2013 4:58:50 PM

so thrilled i could vomit
montpelier28
Champion Author Vermont

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Message Posted: Feb 9, 2013 4:44:10 PM

very good news
tnfran
Champion Author Arizona

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Message Posted: Feb 9, 2013 4:05:47 PM

No thanks to current administration though.
csblesson
Champion Author Texas

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Message Posted: Feb 9, 2013 3:44:32 PM

But why? Why is nothing done?
JoeKR
Champion Author New Jersey

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Message Posted: Feb 9, 2013 3:36:25 PM

Let's hope the next few years take us back to pre-1973!
SammyAdams
Champion Author Tallahassee

Posts:6,385
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Message Posted: Feb 9, 2013 3:28:36 PM

I dunno. When everything is predicted to become rosy, me thinks its time for another fleecing.
mastermariner
Champion Author Texas

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Message Posted: Feb 9, 2013 3:26:43 PM

As they should and that why gas will not go down, energy is a global commodity
whatif81
All-Star Author San Antonio

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Points:356,065
Joined:Jan 2012
Message Posted: Feb 9, 2013 3:25:18 PM

ok
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