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Author	Topic: Oil Exports Trim U.S. Deficit as Fuel Gap Shrinks: Economy	Post a Reply Back to Topics

Teslukbla Champion Author Missouri Posts:25,333 Points:2,946,795 Joined:Jan 2005	Message Posted: Feb 9, 2013 3:01:29 PM Ignore Teslukbla Report Abuse 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. Visit Bloomberg for full article

Teslukbla

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Missouri

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

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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.
Visit Bloomberg for full article

REPLIES (newest first)Ignore Short Messages

virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Feb 11, 2013 7:10:23 AM Ignore virostek Report Abuse OK.
DrCashFlow Champion Author Massachusetts Posts:7,079 Points:1,630,050 Joined:Jun 2008	Message Posted: Feb 11, 2013 3:15:43 AM Ignore DrCashFlow Report Abuse a step in the right direction
dave27johnson Champion Author Chicago Posts:1,790 Points:411,010 Joined:Feb 2012	Message Posted: Feb 10, 2013 11:44:28 PM Ignore dave27johnson Report Abuse Good news.
Ahking Champion Author Orange County Posts:3,522 Points:606,375 Joined:May 2011	Message Posted: Feb 10, 2013 2:56:57 AM Ignore Ahking Report Abuse also raises domestic gas pricing.
MrLefty0706 Champion Author Chicago Posts:1,454 Points:353,785 Joined:Apr 2012	Message Posted: Feb 10, 2013 1:50:39 AM Ignore MrLefty0706 Report Abuse Now a trade surplus would be outstanding.
mastermariner Champion Author Texas Posts:4,268 Points:496,650 Joined:Jun 2011	Message Posted: Feb 10, 2013 1:07:38 AM Ignore mastermariner Report Abuse Good
1momsunshine Champion Author Ottawa Posts:5,505 Points:1,003,505 Joined:Mar 2010	Message Posted: Feb 10, 2013 12:06:03 AM Ignore 1momsunshine Report Abuse Good direction
investmentdr Champion Author Cleveland Posts:4,039 Points:1,457,750 Joined:Sep 2008	Message Posted: Feb 9, 2013 9:21:30 PM Ignore investmentdr Report Abuse Imports are falling too
Lugi1967 Champion Author Ohio Posts:4,803 Points:1,005,170 Joined:Jun 2010	Message Posted: Feb 9, 2013 9:11:50 PM Ignore Lugi1967 Report Abuse Good direction
ss70 Champion Author Detroit Posts:9,682 Points:1,873,025 Joined:Sep 2005	Message Posted: Feb 9, 2013 5:55:34 PM Ignore ss70 Report Abuse Reduce the chinese imports by 10% or more , it will help a lot.
wrunner Champion Author Virginia Posts:4,460 Points:1,139,510 Joined:Dec 2009	Message Posted: Feb 9, 2013 5:09:33 PM Ignore wrunner Report Abuse Still a long way to go.
humblepie Champion Author Toledo Posts:34,326 Points:2,374,295 Joined:Mar 2006	Message Posted: Feb 9, 2013 4:58:50 PM Ignore humblepie Report Abuse so thrilled i could vomit
montpelier28 All-Star Author Vermont Posts:621 Points:788,305 Joined:Apr 2010	Message Posted: Feb 9, 2013 4:44:10 PM Ignore montpelier28 Report Abuse very good news
tnfran Champion Author Arizona Posts:4,398 Points:846,090 Joined:Dec 2010	Message Posted: Feb 9, 2013 4:05:47 PM Ignore tnfran Report Abuse No thanks to current administration though.
csblesson Champion Author Texas Posts:1,826 Points:355,825 Joined:May 2012	Message Posted: Feb 9, 2013 3:44:32 PM Ignore csblesson Report Abuse But why? Why is nothing done?
JoeKR Champion Author New Jersey Posts:9,484 Points:1,746,490 Joined:Feb 2006	Message Posted: Feb 9, 2013 3:36:25 PM Ignore JoeKR Report Abuse Let's hope the next few years take us back to pre-1973!
SammyAdams Champion Author Tallahassee Posts:3,071 Points:795,710 Joined:Nov 2010	Message Posted: Feb 9, 2013 3:28:36 PM Ignore SammyAdams Report Abuse I dunno. When everything is predicted to become rosy, me thinks its time for another fleecing.
mastermariner Champion Author Texas Posts:4,268 Points:496,650 Joined:Jun 2011	Message Posted: Feb 9, 2013 3:26:43 PM Ignore mastermariner Report Abuse As they should and that why gas will not go down, energy is a global commodity
whatif81 All-Star Author San Antonio Posts:675 Points:206,895 Joined:Jan 2012	Message Posted: Feb 9, 2013 3:25:18 PM Ignore whatif81 Report Abuse ok