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12-06-2018, 08:15 PM
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#1
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Valued Poster
Join Date: Jan 3, 2010
Location: South of Chicago
Posts: 31,214
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The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years
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Quote:
The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years
The EIA said the U.S. has been a net oil importer in weekly data going back to 1991 and monthly data starting in 1973. Oil historians that have compiled even older annual data using statistics from the American Petroleum Institute said the country has been a net oil importer since 1949, when Harry Truman was at the White House.
On paper, the shift to net oil imports means that the U.S. is today energy independent, achieving a rhetorical aspiration for generations of American politicians, from Jimmy Carter to George W. Bush.
The power of OPEC has been diminished, undercutting one of the major geopolitical forces of the last half century. The cartel and its allies are meeting in Vienna this week, trying to make a tough choice to cut output and support prices, risking the loss of more market share to the U.S.
(Bloomberg)
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12-06-2018, 08:22 PM
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#2
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Valued Poster
Join Date: Aug 13, 2009
Location: Dallas, Texas
Posts: 7,373
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Quote:
Originally Posted by I B Hankering
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Does this mean I don't have to thank Donald Tump and Saudi Arabia for low gas prices anymore? Just Tump?
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12-06-2018, 08:31 PM
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#3
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Valued Poster
Join Date: Jan 3, 2010
Location: South of Chicago
Posts: 31,214
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Quote:
Originally Posted by themystic
Does this mean I don't have to thank Donald Tump and Saudi Arabia for low gas prices anymore? Just Tump?
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The history books will note that the U.S. became a net oil exporter for the first time since 1949 on Trump's watch.
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12-06-2018, 08:33 PM
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#4
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AKA ULTRA MAGA Gurl
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 35,292
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Quote
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12-06-2018, 08:36 PM
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#5
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Valued Poster
Join Date: Aug 13, 2009
Location: Dallas, Texas
Posts: 7,373
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Quote:
Originally Posted by The_Waco_Kid
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I agree. This is about the USA. That's a good
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12-06-2018, 08:39 PM
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#6
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Valued Poster
Join Date: Aug 13, 2009
Location: Dallas, Texas
Posts: 7,373
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Quote:
Originally Posted by I B Hankering
The history books will note that the U.S. became a net oil exporter for the first time since 1949 on Trump's watch.
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Like your article stated, the US had been moving in this direction for many years. The story is about US Oil exporting, not about Trump
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12-06-2018, 08:42 PM
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#7
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AKA ULTRA MAGA Gurl
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 35,292
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Quote:
Originally Posted by The_Waco_Kid
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ALL HAIL His REGAL MAJESTY THE LORD EMPEROR DONALD, SUPREME RULER OF THE MULTIVERSE!
BAHHAAHAAHAAAAW
SNICK!
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12-06-2018, 08:46 PM
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#8
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Valued Poster
Join Date: Jan 3, 2010
Location: South of Chicago
Posts: 31,214
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Quote:
Originally Posted by themystic
Like your article stated, the US had been moving in this direction for many years. The story is about US Oil exporting, not about Trump
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But you're ignoring that the article mentioned President Truman as a benchmark, or did you not read the article, again?
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12-06-2018, 08:55 PM
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#9
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Valued Poster
Join Date: Aug 13, 2009
Location: Dallas, Texas
Posts: 7,373
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Quote:
Originally Posted by I B Hankering
But you're ignoring that the article mentioned President Truman as a benchmark, or did you not read the article, again?
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I read every word of it. The absolutely did not list Tump as a benchmark. The said that was his view of energy independence. Your not implying that Tump is responsible for this are you?
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12-06-2018, 09:05 PM
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#10
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Valued Poster
Join Date: Jan 3, 2010
Location: South of Chicago
Posts: 31,214
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Quote:
Originally Posted by themystic
I read every word of it. The absolutely did not list Tump as a benchmark. The said that was his view of energy independence. Your not implying that Tump is responsible for this are you?
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It's trivially obvious. The date is 6 December 2018. Trump is the President of the United States on 6 December 2018. The history books will report that this occurred on Trump's watch just as Bloomberg is presently reporting that the last time the U.S. was a net oil exporter was when Truman was president.
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12-06-2018, 09:41 PM
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#11
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Valued Poster
Join Date: Aug 13, 2009
Location: Dallas, Texas
Posts: 7,373
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Quote:
Originally Posted by I B Hankering
It's trivially obvious. The date is 6 December 2018. Trump is the President of the United States on 6 December 2018. The history books will report that this occurred on Trump's watch just as Bloomberg is presently reporting that the last time the U.S. was a net oil exporter was when Truman was president.
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Ok IB. Tump revolutionized the US oil industry. Single handedly. He also revitalized the economy. I hope he keeps this up. Hes the only one who can do it. And to think a week ago you were asking me to thank the Saudis. I'm glad I didn't do that
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12-06-2018, 10:35 PM
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#12
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Premium Access
Join Date: Jan 9, 2010
Location: Nuclear Wasteland BBS, New Orleans, LA, USA
Posts: 31,921
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Qatar quit OPEC.
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12-07-2018, 06:22 AM
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#13
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by themystic
Does this mean I don't have to thank Donald Tump and Saudi Arabia for low gas prices anymore? Just Tump?
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What IB does nit seem to hrasp is that we no longer need to kiss the Saudis ass like he continually wants to do.
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12-07-2018, 06:29 AM
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#14
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Valued Poster
Join Date: Jan 3, 2010
Location: South of Chicago
Posts: 31,214
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Quote:
Originally Posted by WTF
What IB does nit seem to hrasp is that we no longer need to kiss the Saudis ass like he continually wants to do. |
You didn't read the article cited in the OP, did you?
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12-07-2018, 07:16 AM
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#15
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by I B Hankering
You didn't read the article cited in the OP, did you?
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You seem to forget your thread thanking Saudi Arabia for lowering oil prices 
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