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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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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Feb 14, 2013 12:01:59 AM

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

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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

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Message Posted: Feb 9, 2013 3:23:37 PM

good on USA
qwerty17
Champion Author New Jersey

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Message Posted: Feb 9, 2013 1:32:38 PM

ya-hooo!
leemun
Champion Author Utah

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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

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Message Posted: Feb 9, 2013 1:05:26 PM

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

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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

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Message Posted: Feb 9, 2013 12:01:24 PM

we need prices down
skanytank
Champion Author Kentucky

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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

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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

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Message Posted: Feb 9, 2013 10:16:51 AM

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

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Message Posted: Feb 9, 2013 10:16:03 AM

Need the pump prices lower
2962
Champion Author Omaha

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Message Posted: Feb 9, 2013 10:11:24 AM

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

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Message Posted: Feb 9, 2013 9:59:24 AM

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

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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

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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

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Message Posted: Feb 9, 2013 9:57:18 AM

Why is gas so high?
autohio
Champion Author Ohio

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Message Posted: Feb 9, 2013 9:54:46 AM

Good
prius22
Champion Author Twin Cities

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Message Posted: Feb 9, 2013 9:53:41 AM

Progress
stratlinetime
Champion Author Kalamazoo

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Message Posted: Feb 9, 2013 9:52:55 AM

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

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Message Posted: Feb 9, 2013 9:52:33 AM

....
BillHeatherL
Champion Author Alberta

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Message Posted: Feb 9, 2013 9:52:19 AM

and gas prices are still going up
EXTREMESNOW
Champion Author Medford

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Message Posted: Feb 9, 2013 9:51:24 AM

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

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Message Posted: Feb 9, 2013 9:51:08 AM

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

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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

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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

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Message Posted: Feb 9, 2013 9:49:41 AM

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

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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

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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

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Message Posted: Feb 9, 2013 9:49:07 AM

ok
Jeff4U
Champion Author Atlanta

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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

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Message Posted: Feb 9, 2013 9:48:55 AM

hurrah for the USA
CPayZombie
Champion Author Phoenix

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Message Posted: Feb 9, 2013 9:47:36 AM

Fracking costs money.
HelenT
Champion Author Buffalo

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Message Posted: Feb 9, 2013 9:47:07 AM

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

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Message Posted: Feb 9, 2013 9:46:11 AM

Ok
Hi1
Champion Author Ontario

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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

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Message Posted: Feb 9, 2013 9:43:38 AM

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

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Message Posted: Feb 9, 2013 9:43:18 AM

Good deal
dm9667_23
Champion Author Pennsylvania

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Message Posted: Feb 9, 2013 9:43:10 AM

love it
truckpdlr
Champion Author Tucson

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Message Posted: Feb 9, 2013 9:42:53 AM

YEAH!!!!!!
JWHITE1937
Champion Author Massachusetts

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Message Posted: Feb 9, 2013 9:42:42 AM

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

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Message Posted: Feb 9, 2013 9:42:24 AM

REALLY
naspa
Champion Author Cleveland

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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

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Message Posted: Feb 9, 2013 9:42:12 AM

Great news!
papou
Champion Author Tampa

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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

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Message Posted: Feb 9, 2013 9:41:43 AM

good news keep it dropping
bumpygas
Champion Author Nebraska

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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:5,010
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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

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Message Posted: Feb 9, 2013 9:39:56 AM

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

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Message Posted: Feb 9, 2013 9:38:45 AM

Cautiously optimistic.
TBecker1415
Champion Author Missouri

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Message Posted: Feb 9, 2013 9:37:17 AM

let's keep it up.
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