General Discussion
In reply to the discussion: Tariffs were very strong American worker wage protection, HENCE corporations hate tariffs. [View all]Spider Jerusalem
(21,786 posts)The US IMPORTS oil.
http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbblpd_m.htm
See that? US oil imports. Nine point three MILLION barrels per day.
Production, 7.7 million barrels per day: http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm
Product supplied per week, around twenty million barrels a day: http://www.eia.gov/dnav/pet/pet_cons_wpsup_k_w.htm (this number is larger because of refinery gains and the counting of natural gas liquids and ethanol).
And here, US petroleum product EXPORTS:
http://www.eia.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_w.htm
Sixty-one thousand barrels per day of crude oil, and 3.6 million barrels per day of finished product of which a third is diesel fuel.
And the raw materials the US exports to China? Copper, aluminium, and coal. The raw materials that the US imports from China? Rare-earth metals. The Chinese can get their copper and aluminium from other sources. The US can't get rare-earth metals anywhere else.
I'm not the one who has some reading up to do.