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US oil imports at lowest level since 1999 as trade gap shrinks

The Christian Science Monitor -- America’s trade deficit shrank in the final month of last year – from $48.6 billion in November to $38.5 billion in December – in part because imports of oil fell to their lowest level since 1999.

That news, released by the Commerce Department Friday, is an encouraging indicator that America is using energy more efficiently, and making more energy at home, reducing the country’s reliance on imported oil.

The positive news in the trade report didn’t stop with energy.

Overall US exports rose, which is encouraging on two fronts. First, it’s a vital source of US jobs. Second, it shows a bit of pep in global demand at a time when some forecasters had been warning of economic weakness outside the US.

The improvement in America’s foreign trade picture also provides a surprise boost to

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Submitted Feb 09, 2013 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Feb 14, 2013 12:01:59 AM Ignore honda0105 Report Abuse also, one of the worst economic situations in a long time.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Feb 13, 2013 5:57:04 AM Ignore honda0105 Report Abuse lots of omissions in the report. Doesn't paint the full picture.
EMoe57 Champion Author Jacksonville Posts:4,632 Points:1,018,965 Joined:Apr 2009	Message Posted: Feb 9, 2013 3:23:37 PM Ignore EMoe57 Report Abuse good on USA
qwerty17 Champion Author New Jersey Posts:3,660 Points:1,120,375 Joined:Oct 2009	Message Posted: Feb 9, 2013 1:32:38 PM Ignore qwerty17 Report Abuse ya-hooo!
leemun Champion Author Utah Posts:5,549 Points:1,042,300 Joined:May 2010	Message Posted: Feb 9, 2013 1:18:50 PM Ignore leemun Report Abuse Dream come true. Now just get the Environazi government out of the way.
Ebaz Champion Author Oklahoma City Posts:3,261 Points:718,235 Joined:Apr 2011	Message Posted: Feb 9, 2013 1:05:26 PM Ignore Ebaz Report Abuse Could be people aren't using as much stuff
Alaydown Champion Author Los Angeles Posts:5,131 Points:824,820 Joined:May 2007	Message Posted: Feb 9, 2013 12:21:12 PM Ignore Alaydown Report Abuse And oil production from federal land and water is at the lowest level in years too. If it weren't for the drilling on private and state land, we would be importing more oil than we have in many years. If Obama would stop obstructing drilling on federal land and water, oil prices would drop.
amerk73 Champion Author Dallas Posts:7,060 Points:1,623,905 Joined:Oct 2008	Message Posted: Feb 9, 2013 12:01:24 PM Ignore amerk73 Report Abuse we need prices down
skanytank Champion Author Kentucky Posts:1,261 Points:562,050 Joined:Feb 2011	Message Posted: Feb 9, 2013 10:30:48 AM Ignore skanytank Report Abuse It's NOT helping to cheapen gasoline in this country as I see it...just saying...
TripleHs Champion Author Austin Posts:3,355 Points:918,840 Joined:Oct 2009	Message Posted: Feb 9, 2013 10:21:17 AM Ignore TripleHs Report Abuse yeah, so what????????? gas prices are at the highest level at this time of the year that is exactly why i don't care about the so-called "energy independence" as i don't see much relevance here between the two
Wizrd03 Champion Author Illinois Posts:8,167 Points:1,635,260 Joined:Oct 2008	Message Posted: Feb 9, 2013 10:16:51 AM Ignore Wizrd03 Report Abuse and pump prices are up here another 20 cents a gallon
bell05 Champion Author Atlanta Posts:9,268 Points:1,878,745 Joined:Jun 2005	Message Posted: Feb 9, 2013 10:16:03 AM Ignore bell05 Report Abuse Need the pump prices lower
2962 Champion Author Omaha Posts:1,077 Points:395,360 Joined:Feb 2006	Message Posted: Feb 9, 2013 10:11:24 AM Ignore 2962 Report Abuse Yea and the Bernanke printing press has no effect.......
sleuth696 All-Star Author Ventura Posts:953 Points:204,865 Joined:Oct 2012	Message Posted: Feb 9, 2013 9:59:24 AM Ignore sleuth696 Report Abuse And yet the gas prices keep rising.
Ken2OD Champion Author Grand Rapids Posts:9,087 Points:1,974,865 Joined:Dec 2005	Message Posted: Feb 9, 2013 9:59:04 AM Ignore Ken2OD Report Abuse Increase domestic oil production and PLEASE, PLEASE, PLEASE INCREASE OUR REFINERY SYSTEM. There are just too many bottlenecks in the refinery system.
Buck_on_Bass Champion Author Tennessee Posts:7,589 Points:1,458,985 Joined:Jul 2007	Message Posted: Feb 9, 2013 9:59:03 AM Ignore Buck_on_Bass Report Abuse The change in trade balance could cause the dollar rise which would cause another change in the balance.
Beardog1FL All-Star Author Florida Posts:943 Points:668,435 Joined:Feb 2011	Message Posted: Feb 9, 2013 9:57:18 AM Ignore Beardog1FL Report Abuse Why is gas so high?
autohio Champion Author Ohio Posts:3,785 Points:821,550 Joined:Jan 2011	Message Posted: Feb 9, 2013 9:54:46 AM Ignore autohio Report Abuse Good
prius22 Champion Author Twin Cities Posts:2,224 Points:390,260 Joined:Apr 2012	Message Posted: Feb 9, 2013 9:53:41 AM Ignore prius22 Report Abuse Progress
stratlinetime Champion Author Kalamazoo Posts:2,291 Points:566,535 Joined:Feb 2011	Message Posted: Feb 9, 2013 9:52:55 AM Ignore stratlinetime Report Abuse But gas prices still on the rise?....................
GoLancer4 Champion Author Ohio Posts:1,787 Points:441,615 Joined:Sep 2011	Message Posted: Feb 9, 2013 9:52:33 AM Ignore GoLancer4 Report Abuse ....
BillHeatherL Champion Author Alberta Posts:7,658 Points:1,927,555 Joined:Apr 2007	Message Posted: Feb 9, 2013 9:52:19 AM Ignore BillHeatherL Report Abuse and gas prices are still going up
EXTREMESNOW Champion Author Medford Posts:8,910 Points:1,821,540 Joined:Jul 2006	Message Posted: Feb 9, 2013 9:51:24 AM Ignore EXTREMESNOW Report Abuse And yet oil and gas continue to rise, hahaha...
snell snail Champion Author Atlanta Posts:5,038 Points:2,600,525 Joined:Feb 2004	Message Posted: Feb 9, 2013 9:51:08 AM Ignore snell snail Report Abuse ...really? how interesting!
goalie1950 Champion Author Phoenix Posts:6,425 Points:1,299,345 Joined:Oct 2009	Message Posted: Feb 9, 2013 9:51:02 AM Ignore goalie1950 Report Abuse Then why are gas/oil prices on the rise? Answer: the greed of the oil companies drives the market.
Load Champion Author Wyoming Posts:15,802 Points:2,958,950 Joined:Oct 2003	Message Posted: Feb 9, 2013 9:50:13 AM Ignore Load Report Abuse Why let other country's rape us, when at home companies can do the same crime.
SUSANCK Champion Author Chicago Posts:3,652 Points:710,430 Joined:Apr 2011	Message Posted: Feb 9, 2013 9:49:41 AM Ignore SUSANCK Report Abuse Now drop gas prices to 1999 levels!
TravelinMan52 Champion Author Augusta Posts:1,940 Points:966,570 Joined:May 2008	Message Posted: Feb 9, 2013 9:49:35 AM Ignore TravelinMan52 Report Abuse With all that being said, why aren't the pump prices going down??
olebufnav Champion Author Omaha Posts:3,994 Points:1,026,155 Joined:Nov 2008	Message Posted: Feb 9, 2013 9:49:26 AM Ignore olebufnav Report Abuse This is good. Now if we can just get Barry Hussein O to stop screwing the markets.
The3rd Champion Author Jacksonville Posts:2,876 Points:828,435 Joined:Jul 2004	Message Posted: Feb 9, 2013 9:49:07 AM Ignore The3rd Report Abuse ok
Jeff4U Champion Author Atlanta Posts:8,769 Points:1,855,235 Joined:Nov 2004	Message Posted: Feb 9, 2013 9:49:07 AM Ignore Jeff4U Report Abuse Exactly, JennyHK. Record low demand, high inventory levels, record breaking exports, with the most production and discoveries in years - yet we pay record high gas prices.
techque Champion Author St. Louis Posts:8,670 Points:2,422,555 Joined:Apr 2005	Message Posted: Feb 9, 2013 9:48:55 AM Ignore techque Report Abuse hurrah for the USA
CPayZombie Champion Author Phoenix Posts:10,080 Points:1,657,635 Joined:Aug 2008	Message Posted: Feb 9, 2013 9:47:36 AM Ignore CPayZombie Report Abuse Fracking costs money.
HelenT Champion Author Buffalo Posts:2,969 Points:600,325 Joined:Apr 2004	Message Posted: Feb 9, 2013 9:47:07 AM Ignore HelenT Report Abuse Shouldn't that make our prices lower?
FogCitySpotter Champion Author San Francisco Posts:2,503 Points:524,050 Joined:Apr 2007	Message Posted: Feb 9, 2013 9:46:11 AM Ignore FogCitySpotter Report Abuse Ok
Hi1 Champion Author Ontario Posts:4,870 Points:1,727,535 Joined:Jun 2007	Message Posted: Feb 9, 2013 9:44:44 AM Ignore Hi1 Report Abuse If we could just bring the prices down now it be good.
JENNYHK Champion Author Chicago Posts:3,651 Points:715,495 Joined:Apr 2011	Message Posted: Feb 9, 2013 9:43:38 AM Ignore JENNYHK Report Abuse Then why are gas prices so high?
falcons Champion Author North Dakota Posts:10,804 Points:2,373,330 Joined:Dec 2004	Message Posted: Feb 9, 2013 9:43:18 AM Ignore falcons Report Abuse Good deal
dm9667_23 Champion Author Pennsylvania Posts:1,226 Points:355,680 Joined:May 2008	Message Posted: Feb 9, 2013 9:43:10 AM Ignore dm9667_23 Report Abuse love it
truckpdlr Champion Author Tucson Posts:2,964 Points:1,099,020 Joined:Sep 2009	Message Posted: Feb 9, 2013 9:42:53 AM Ignore truckpdlr Report Abuse YEAH!!!!!!
JWHITE1937 Champion Author Massachusetts Posts:2,539 Points:999,930 Joined:Aug 2006	Message Posted: Feb 9, 2013 9:42:42 AM Ignore JWHITE1937 Report Abuse Maybe we are using some RENEWABLES??
ARCO Champion Author Pittsburgh Posts:2,363 Points:2,380,295 Joined:Sep 2005	Message Posted: Feb 9, 2013 9:42:24 AM Ignore ARCO Report Abuse REALLY
naspa Champion Author Cleveland Posts:1,286 Points:355,075 Joined:Jan 2012	Message Posted: Feb 9, 2013 9:42:13 AM Ignore naspa Report Abuse Efficiency should be the word in 2013. We need to consume things, spend and enjoy life, but waste kills our society.
racerdj Champion Author Indianapolis Posts:9,830 Points:2,059,500 Joined:Jun 2003	Message Posted: Feb 9, 2013 9:42:12 AM Ignore racerdj Report Abuse Great news!
papou Champion Author Tampa Posts:10,894 Points:1,909,035 Joined:Jul 2005	Message Posted: Feb 9, 2013 9:41:55 AM Ignore papou Report Abuse So why then are gas prices up $.50 a gallon in one month
fcdriver Champion Author Tennessee Posts:7,263 Points:1,476,755 Joined:Sep 2008	Message Posted: Feb 9, 2013 9:41:43 AM Ignore fcdriver Report Abuse good news keep it dropping
bumpygas Champion Author Nebraska Posts:8,140 Points:1,903,035 Joined:Oct 2007	Message Posted: Feb 9, 2013 9:40:22 AM Ignore bumpygas Report Abuse If the US oil companies would stop exporting their oil just to make room for the crap from the Middle East that Oscuma demands they make room for. He has to take care of his raghead buddies.
mlmeng Champion Author Michigan Posts:1,650 Points:593,535 Joined:Mar 2011	Message Posted: Feb 9, 2013 9:40:10 AM Ignore mlmeng Report Abuse Oil imports shrink so now gas prices will go up. Yet if oil imports increase, gas prices go up. It lays to rest that old principle of "supply and demand."
Peachy1 All-Star Author St. Louis Posts:793 Points:1,654,140 Joined:Aug 2005	Message Posted: Feb 9, 2013 9:39:56 AM Ignore Peachy1 Report Abuse So WHY do prices continue rise on any given day??
momof5MN Champion Author Twin Cities Posts:4,069 Points:215,385 Joined:Feb 2011	Message Posted: Feb 9, 2013 9:38:45 AM Ignore momof5MN Report Abuse Cautiously optimistic.