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Crashing seems a bit over-reaching to describe the chart above. It does look more impressive when you combine the reduced crude imports with the increased exports of refined products.

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We achieve the above by actually importing more crude oil than we need ourselves, refining it while keeping the jobs and refinery capacity in the US, then exporting the higher value refined products.

2 posted on 12/10/2012 8:42:42 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Does the US oil/gas industry only employ 200k?

That seems kinda low to me.


4 posted on 12/10/2012 8:50:11 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: thackney
US Total Gasoline Retail Sales by Refiners (in millions of gallons) is much more akin to "crashing". It ranged in the mid-50's to low 60's from 1985 until NOV 2008. It crested at 66.8 million in the summer of 2003, and was still above 60 million in AUG 2007... Now it is around 30.5 million (and was 28.39 million in January 2012).

If we aren't refining it, then someone else is, and importing it here (adding to the costs). I doubt any serious person can allege that we are using half as much gas as we did in 1985.

(Hopefully someone else can post the chart. It's embedded and interactive, and I can't figure out how to post it here.)

5 posted on 12/10/2012 8:55:56 AM PST by Teacher317 ('Tis time to fear when tyrants seem to kiss.)
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