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In reply to the discussion: Tariffs were very strong American worker wage protection, HENCE corporations hate tariffs. [View all]brentspeak
(18,290 posts)36. Uh, we import crude when we really don't need to
Refining our own crude for sale overseas as petroleum products, and importing crude for sale on the domestic market and for petroleum refinement. We produce sufficient crude to satisfy domestic demand, but too much of it gets exported.
http://www.eia.gov/tools/faqs/faq.cfm?id=268&t=6
How much of the oil produced in the United States is consumed in the United States?
EIA cannot determine exactly the amount of crude oil produced in the United States (U.S.) that is consumed, as refined products, in the U.S. However, the majority of the crude oil produced in the U.S. is refined in U.S. refineries. The U.S. also produces other liquids that are used in the refining process that are added or blended with the refined products. In December 2012, the U.S. produced about 7.03 million barrels of crude oil per day and imported about 7.58 million barrels per day.
EIA is not able to track how much domestically produced crude oil and other liquids are exported in the form of refined products. The small quantity of crude oil produced in the U.S. that is exported, nearly all to Canada, may actually be returned to the U.S. as refined products.
The U.S. became a (slight) net exporter (exported more than we imported) of refined petroleum products in 2008. Refined petroleum products produced in the U.S. from both domestic and imported crude oil are exported to other countries. The volume of net exports of refined products in December 2012 was equivalent to about 8.5% of the total volume of U.S. petroleum consumption in December 2012.
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Tariffs were very strong American worker wage protection, HENCE corporations hate tariffs. [View all]
livingwagenow
Feb 2014
OP
No. Getting rid of high tariffs was a big progressive win in the early 20th century.
pampango
Feb 2014
#4
"high tariffs" are one thing; like any other regulation, tariffs can and should be used
TheFrenchRazor
Feb 2014
#5
Yes the RTAA was FDR's first step in reversing high tariffs followed by GATT and the ITO.
pampango
Feb 2014
#8
"corporations thrived under high tariffs then at the expense of the working class"
brentspeak
Feb 2014
#22
Exactly. Historically corporations have thrived and the working class suffered under both high and
pampango
Feb 2014
#26
The VAT is not a tariff. The VAT effects the final cost of imports and domestic products equally.
pampango
Feb 2014
#31
Fine. So the "Import Turnover Tax" is "the equal of the domestic VAT". When you combine the two
pampango
Feb 2014
#33
Yes there is. Even the poll you reference shows republicans want more to 'get tough' with China.
pampango
Feb 2014
#53
Ditto. The links you posted to make your case were to posts from a "banned troll".
pampango
Feb 2014
#60
Are you really suggesting that the global economy in the 1920's - 1930's has any
Egalitarian Thug
Feb 2014
#51
I believe that history is relevant. And I believe that the experience of other countries is too.
pampango
Feb 2014
#54
You asked: "Are you really suggesting that the global economy in the 1920's - 1930's has any
pampango
Feb 2014
#56
No - Fair means developing nations do not become colonies of multinational corporations
Armstead
Feb 2014
#25
Only two of the DU Corporate Warrior Brigade? It was a Sunday, I suppose.
Egalitarian Thug
Feb 2014
#52