Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:03 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
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Feb 14, 2013 12:01:59 AM

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

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Feb 13, 2013 5:57:04 AM

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

Posts:7,780
Points:1,780,165
Joined:Apr 2009
Message Posted: Feb 9, 2013 3:23:37 PM

good on USA
qwerty17
Champion Author New Jersey

Posts:6,391
Points:1,865,245
Joined:Oct 2009
Message Posted: Feb 9, 2013 1:32:38 PM

ya-hooo!
leemun
Champion Author Utah

Posts:8,816
Points:1,806,325
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.
Ebaz
Champion Author Oklahoma City

Posts:4,820
Points:1,141,350
Joined:Apr 2011
Message Posted: Feb 9, 2013 1:05:26 PM

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

Posts:7,249
Points:1,232,360
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.
amerk73
Champion Author Dallas

Posts:10,249
Points:2,397,445
Joined:Oct 2008
Message Posted: Feb 9, 2013 12:01:24 PM

we need prices down
skanytank
Champion Author Kentucky

Posts:4,495
Points:1,336,210
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...
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
Wizrd03
Champion Author Illinois

Posts:11,411
Points:2,409,685
Joined:Oct 2008
Message Posted: Feb 9, 2013 10:16:51 AM

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

Posts:28,939
Points:2,652,085
Joined:Jun 2005
Message Posted: Feb 9, 2013 10:16:03 AM

Need the pump prices lower
2962
Champion Author Omaha

Posts:4,231
Points:548,125
Joined:Feb 2006
Message Posted: Feb 9, 2013 10:11:24 AM

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

Posts:4,059
Points:950,890
Joined:Oct 2012
Message Posted: Feb 9, 2013 9:59:24 AM

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

Posts:12,221
Points:2,739,720
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.
Buck_on_Bass
Champion Author Tennessee

Posts:11,156
Points:2,075,095
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.
Beardog1FL
Champion Author Florida

Posts:2,814
Points:1,398,480
Joined:Feb 2011
Message Posted: Feb 9, 2013 9:57:18 AM

Why is gas so high?
autohio
Champion Author Ohio

Posts:5,261
Points:1,510,120
Joined:Jan 2011
Message Posted: Feb 9, 2013 9:54:46 AM

Good
prius22
Champion Author Twin Cities

Posts:5,928
Points:1,165,545
Joined:Apr 2012
Message Posted: Feb 9, 2013 9:53:41 AM

Progress
stratlinetime
Champion Author Kalamazoo

Posts:5,526
Points:1,340,570
Joined:Feb 2011
Message Posted: Feb 9, 2013 9:52:55 AM

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

Posts:1,812
Points:560,390
Joined:Sep 2011
Message Posted: Feb 9, 2013 9:52:33 AM

....
BillHeatherL
Champion Author Alberta

Posts:10,789
Points:2,661,445
Joined:Apr 2007
Message Posted: Feb 9, 2013 9:52:19 AM

and gas prices are still going up
EXTREMESNOW
Champion Author Medford

Posts:9,044
Points:2,160,945
Joined:Jul 2006
Message Posted: Feb 9, 2013 9:51:24 AM

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

Posts:5,462
Points:3,241,790
Joined:Feb 2004
Message Posted: Feb 9, 2013 9:51:08 AM

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

Posts:9,645
Points:2,073,240
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.
Load
Champion Author Wyoming

Posts:18,599
Points:3,648,465
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.
SUSANCK
Champion Author Chicago

Posts:6,301
Points:1,298,700
Joined:Apr 2011
Message Posted: Feb 9, 2013 9:49:41 AM

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

Posts:5,170
Points:1,740,380
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??
olebufnav
Champion Author Omaha

Posts:7,464
Points:1,756,940
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.
The3rd
Champion Author Jacksonville

Posts:3,137
Points:888,805
Joined:Jul 2004
Message Posted: Feb 9, 2013 9:49:07 AM

ok
Jeff4U
Champion Author Atlanta

Posts:12,277
Points:2,626,170
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.
techque
Champion Author St. Louis

Posts:11,663
Points:2,922,190
Joined:Apr 2005
Message Posted: Feb 9, 2013 9:48:55 AM

hurrah for the USA
CPayZombie
Champion Author Phoenix

Posts:13,462
Points:2,430,950
Joined:Aug 2008
Message Posted: Feb 9, 2013 9:47:36 AM

Fracking costs money.
HelenT
Champion Author Buffalo

Posts:6,172
Points:1,270,510
Joined:Apr 2004
Message Posted: Feb 9, 2013 9:47:07 AM

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

Posts:3,661
Points:1,011,060
Joined:Apr 2007
Message Posted: Feb 9, 2013 9:46:11 AM

Ok
Hi1
Champion Author Ontario

Posts:7,772
Points:2,441,820
Joined:Jun 2007
Message Posted: Feb 9, 2013 9:44:44 AM

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

Posts:5,934
Points:1,324,570
Joined:Apr 2011
Message Posted: Feb 9, 2013 9:43:38 AM

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

Posts:13,985
Points:3,135,895
Joined:Dec 2004
Message Posted: Feb 9, 2013 9:43:18 AM

Good deal
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
truckpdlr
Champion Author Tucson

Posts:5,974
Points:1,864,040
Joined:Sep 2009
Message Posted: Feb 9, 2013 9:42:53 AM

YEAH!!!!!!
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??
ARCO
Champion Author Pittsburgh

Posts:5,478
Points:3,122,585
Joined:Sep 2005
Message Posted: Feb 9, 2013 9:42:24 AM

REALLY
naspa
Champion Author Cleveland

Posts:4,645
Points:1,129,175
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.
racerdj
Champion Author Indianapolis

Posts:13,021
Points:2,832,400
Joined:Jun 2003
Message Posted: Feb 9, 2013 9:42:12 AM

Great news!
papou
Champion Author Tampa

Posts:13,993
Points:2,654,875
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
fcdriver
Champion Author Tennessee

Posts:10,352
Points:2,223,765
Joined:Sep 2008
Message Posted: Feb 9, 2013 9:41:43 AM

good news keep it dropping
bumpygas
Champion Author Nebraska

Posts:11,061
Points:2,615,420
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.
mlmeng
Champion Author Michigan

Posts:4,875
Points:1,368,190
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."
Peachy1
Champion Author St. Louis

Posts:3,085
Points:2,399,135
Joined:Aug 2005
Message Posted: Feb 9, 2013 9:39:56 AM

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

Posts:7,117
Points:377,325
Joined:Feb 2011
Message Posted: Feb 9, 2013 9:38:45 AM

Cautiously optimistic.
TBecker1415
Champion Author Missouri

Posts:1,673
Points:378,700
Joined:Nov 2011
Message Posted: Feb 9, 2013 9:37:17 AM

let's keep it up.
Post a reply Back to Topics