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In reply to the discussion: Would reducing US fuel exports stop gas prices from spiking? [View all]Spider Jerusalem
(21,786 posts)14. How do you propose to do that exactly?
The US would have to come up with an additional ten million barrels of oil, per day, to replace what's currently imported. US crude oil production peaked at 9.6 million barrels a day in 1970. It's currently at about 5.8 million barrels per day; US demand for oil is around 18-19 million barrels a day, of which about 4 million is supplied by refinery gains, natural gas liquids, and corn ethanol. The US doesn't have the oil resources to make up the deficit.
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What? We export NO CRUDE. Lets go to the site you linked to and compare Imports vs Exports.
napoleon_in_rags
Feb 2012
#37
Emptying the strategic reserves may be a good idea -- it takes attacking Iran off the table
FarCenter
Feb 2012
#15
Unless Iran successfully tests an atomic bomb and threatens to use it, we won't attack them anyway
DFW
Feb 2012
#36
Add 117,000,000 gallons of gasoline, diesel, and jet fuel to the US market EVERY DAY...
cherokeeprogressive
Feb 2012
#22
Do you believe that increased cost for gasoline, diesel, and Jet A is a good thing
cherokeeprogressive
Feb 2012
#31