Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:12 AM

GasBuddy News Article

35
votes
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


Read the Full Article

Submitted Feb 09, 2013 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: US oil imports at lowest level since 1999 as trade gap shrinks Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,645
Points:2,166,915
Joined:Nov 2008
Message Posted: Feb 14, 2013 12:01:59 AM

also, one of the worst economic situations in a long time.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,645
Points:2,166,915
Joined:Nov 2008
Message Posted: Feb 13, 2013 5:57:04 AM

lots of omissions in the report. Doesn't paint the full picture.
Profile Pic
EMoe57
Champion Author Jacksonville

Posts:6,993
Points:1,564,915
Joined:Apr 2009
Message Posted: Feb 9, 2013 3:23:37 PM

good on USA
Profile Pic
qwerty17
Champion Author New Jersey

Posts:5,646
Points:1,645,665
Joined:Oct 2009
Message Posted: Feb 9, 2013 1:32:38 PM

ya-hooo!
Profile Pic
leemun
Champion Author Utah

Posts:8,050
Points:1,588,235
Joined:May 2010
Message Posted: Feb 9, 2013 1:18:50 PM

Dream come true. Now just get the Environazi government out of the way.
Profile Pic
Ebaz
Champion Author Oklahoma City

Posts:4,820
Points:1,140,950
Joined:Apr 2011
Message Posted: Feb 9, 2013 1:05:26 PM

Could be people aren't using as much stuff
Profile Pic
Alaydown
Champion Author Los Angeles

Posts:6,849
Points:1,136,840
Joined:May 2007
Message Posted: Feb 9, 2013 12:21:12 PM

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.
Profile Pic
amerk73
Champion Author Dallas

Posts:9,458
Points:2,175,200
Joined:Oct 2008
Message Posted: Feb 9, 2013 12:01:24 PM

we need prices down
Profile Pic
skanytank
Champion Author Kentucky

Posts:3,689
Points:1,113,705
Joined:Feb 2011
Message Posted: Feb 9, 2013 10:30:48 AM

It's NOT helping to cheapen gasoline in this country as I see it...just saying...
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Feb 9, 2013 10:21:17 AM

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
Profile Pic
Wizrd03
Champion Author Illinois

Posts:10,603
Points:2,187,160
Joined:Oct 2008
Message Posted: Feb 9, 2013 10:16:51 AM

and pump prices are up here another 20 cents a gallon
Profile Pic
bell05
Champion Author Atlanta

Posts:24,810
Points:2,429,560
Joined:Jun 2005
Message Posted: Feb 9, 2013 10:16:03 AM

Need the pump prices lower
Profile Pic
2962
Champion Author Omaha

Posts:3,450
Points:510,245
Joined:Feb 2006
Message Posted: Feb 9, 2013 10:11:24 AM

Yea and the Bernanke printing press has no effect.......
Profile Pic
sleuth696
Champion Author Nashville

Posts:3,258
Points:730,690
Joined:Oct 2012
Message Posted: Feb 9, 2013 9:59:24 AM

And yet the gas prices keep rising.
Profile Pic
Ken2OD
Champion Author Grand Rapids

Posts:11,492
Points:2,523,670
Joined:Dec 2005
Message Posted: Feb 9, 2013 9:59:04 AM

Increase domestic oil production and PLEASE, PLEASE, PLEASE INCREASE OUR REFINERY SYSTEM. There are just too many bottlenecks in the refinery system.
Profile Pic
Buck_on_Bass
Champion Author Tennessee

Posts:10,083
Points:1,891,680
Joined:Jul 2007
Message Posted: Feb 9, 2013 9:59:03 AM

The change in trade balance could cause the dollar rise which would cause another change in the balance.
Profile Pic
Beardog1FL
Champion Author Florida

Posts:2,368
Points:1,191,910
Joined:Feb 2011
Message Posted: Feb 9, 2013 9:57:18 AM

Why is gas so high?
Profile Pic
autohio
Champion Author Ohio

Posts:5,261
Points:1,318,920
Joined:Jan 2011
Message Posted: Feb 9, 2013 9:54:46 AM

Good
Profile Pic
prius22
Champion Author Twin Cities

Posts:5,053
Points:943,020
Joined:Apr 2012
Message Posted: Feb 9, 2013 9:53:41 AM

Progress
Profile Pic
stratlinetime
Champion Author Kalamazoo

Posts:4,719
Points:1,118,270
Joined:Feb 2011
Message Posted: Feb 9, 2013 9:52:55 AM

But gas prices still on the rise?....................
Profile Pic
GoLancer4
Champion Author Ohio

Posts:1,812
Points:545,790
Joined:Sep 2011
Message Posted: Feb 9, 2013 9:52:33 AM

....
Profile Pic
BillHeatherL
Champion Author Alberta

Posts:9,966
Points:2,439,345
Joined:Apr 2007
Message Posted: Feb 9, 2013 9:52:19 AM

and gas prices are still going up
Profile Pic
EXTREMESNOW
Champion Author Medford

Posts:9,044
Points:1,996,945
Joined:Jul 2006
Message Posted: Feb 9, 2013 9:51:24 AM

And yet oil and gas continue to rise, hahaha...
Profile Pic
snell snail
Champion Author Atlanta

Posts:5,433
Points:3,047,560
Joined:Feb 2004
Message Posted: Feb 9, 2013 9:51:08 AM

...really? how interesting!
Profile Pic
goalie1950
Champion Author Phoenix

Posts:8,835
Points:1,850,715
Joined:Oct 2009
Message Posted: Feb 9, 2013 9:51:02 AM

Then why are gas/oil prices on the rise? Answer: the greed of the oil companies drives the market.
Profile Pic
Load
Champion Author Wyoming

Posts:18,042
Points:3,481,285
Joined:Oct 2003
Message Posted: Feb 9, 2013 9:50:13 AM

Why let other country's rape us, when at home companies can do the same crime.
Profile Pic
SUSANCK
Champion Author Chicago

Posts:5,928
Points:1,186,240
Joined:Apr 2011
Message Posted: Feb 9, 2013 9:49:41 AM

Now drop gas prices to 1999 levels!
Profile Pic
TravelinMan52
Champion Author Augusta

Posts:4,371
Points:1,518,120
Joined:May 2008
Message Posted: Feb 9, 2013 9:49:35 AM

With all that being said, why aren't the pump prices going down??
Profile Pic
olebufnav
Champion Author Omaha

Posts:6,573
Points:1,542,580
Joined:Nov 2008
Message Posted: Feb 9, 2013 9:49:26 AM

This is good. Now if we can just get Barry Hussein O to stop screwing the markets.
Profile Pic
The3rd
Champion Author Jacksonville

Posts:3,112
Points:870,705
Joined:Jul 2004
Message Posted: Feb 9, 2013 9:49:07 AM

ok
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,267
Points:2,405,885
Joined:Nov 2004
Message Posted: Feb 9, 2013 9:49:07 AM

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.
Profile Pic
techque
Champion Author St. Louis

Posts:10,901
Points:2,800,405
Joined:Apr 2005
Message Posted: Feb 9, 2013 9:48:55 AM

hurrah for the USA
Profile Pic
CPayZombie
Champion Author Phoenix

Posts:12,621
Points:2,209,650
Joined:Aug 2008
Message Posted: Feb 9, 2013 9:47:36 AM

Fracking costs money.
Profile Pic
HelenT
Champion Author Buffalo

Posts:5,372
Points:1,084,430
Joined:Apr 2004
Message Posted: Feb 9, 2013 9:47:07 AM

Shouldn't that make our prices lower?
Profile Pic
FogCitySpotter
Champion Author San Francisco

Posts:3,250
Points:811,710
Joined:Apr 2007
Message Posted: Feb 9, 2013 9:46:11 AM

Ok
Profile Pic
Hi1
Champion Author Ontario

Posts:7,025
Points:2,233,830
Joined:Jun 2007
Message Posted: Feb 9, 2013 9:44:44 AM

If we could just bring the prices down now it be good.
Profile Pic
JENNYHK
Champion Author Chicago

Posts:5,924
Points:1,228,070
Joined:Apr 2011
Message Posted: Feb 9, 2013 9:43:38 AM

Then why are gas prices so high?
Profile Pic
falcons
Champion Author North Dakota

Posts:13,192
Points:2,917,615
Joined:Dec 2004
Message Posted: Feb 9, 2013 9:43:18 AM

Good deal
Profile Pic
dm9667_23
Champion Author Pennsylvania

Posts:1,595
Points:500,995
Joined:May 2008
Message Posted: Feb 9, 2013 9:43:10 AM

love it
Profile Pic
truckpdlr
Champion Author Tucson

Posts:5,331
Points:1,648,300
Joined:Sep 2009
Message Posted: Feb 9, 2013 9:42:53 AM

YEAH!!!!!!
Profile Pic
JWHITE1937
Champion Author Massachusetts

Posts:3,529
Points:1,192,655
Joined:Aug 2006
Message Posted: Feb 9, 2013 9:42:42 AM

Maybe we are using some RENEWABLES??
Profile Pic
ARCO
Champion Author Pittsburgh

Posts:4,688
Points:2,903,135
Joined:Sep 2005
Message Posted: Feb 9, 2013 9:42:24 AM

REALLY
Profile Pic
naspa
Champion Author Cleveland

Posts:3,802
Points:906,650
Joined:Jan 2012
Message Posted: Feb 9, 2013 9:42:13 AM

Efficiency should be the word in 2013. We need to consume things, spend and enjoy life, but waste kills our society.
Profile Pic
racerdj
Champion Author Indianapolis

Posts:12,225
Points:2,610,325
Joined:Jun 2003
Message Posted: Feb 9, 2013 9:42:12 AM

Great news!
Profile Pic
papou
Champion Author Tampa

Posts:13,210
Points:2,440,170
Joined:Jul 2005
Message Posted: Feb 9, 2013 9:41:55 AM

So why then are gas prices up $.50 a gallon in one month
Profile Pic
fcdriver
Champion Author Tennessee

Posts:9,575
Points:2,008,590
Joined:Sep 2008
Message Posted: Feb 9, 2013 9:41:43 AM

good news keep it dropping
Profile Pic
bumpygas
Champion Author Nebraska

Posts:10,387
Points:2,432,215
Joined:Oct 2007
Message Posted: Feb 9, 2013 9:40:22 AM

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.
Profile Pic
mlmeng
Champion Author Michigan

Posts:4,075
Points:1,146,490
Joined:Mar 2011
Message Posted: Feb 9, 2013 9:40:10 AM

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."
Profile Pic
Peachy1
Champion Author St. Louis

Posts:2,983
Points:2,191,925
Joined:Aug 2005
Message Posted: Feb 9, 2013 9:39:56 AM

So WHY do prices continue rise on any given day??
Profile Pic
momof5MN
Champion Author Twin Cities

Posts:6,406
Points:343,275
Joined:Feb 2011
Message Posted: Feb 9, 2013 9:38:45 AM

Cautiously optimistic.
Post a reply Back to Topics