Report: U.S. Becomes Net Exporter Of Petroleum Products For First Time In Nearly 20 Years

[lincolnmicahfox]

Petroleum consumption -18.026 million bpd. - January 2012

US produced 5,511.93 million bpd. - 2010

U.S. refineries exported 3.1 million bpd. - Feb 2012

"The U.S. Energy Department data shows that the U.S. exported 54,000 more barrels of petroleum products each day than it purchased abroad, beginning November 2010".

Do the math, the statement above is simply false and misleading. The US is the largest comsumer of oil in the world. You stopped being self dependent in the mid 1970's.

[CAJUNNSC]

62 years ! Not 20 !