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To: jjotto

“We still have net imports of 20% of our oil use. Demand exceeds supply. If the world price goes up, so does our price.”

A large percentage of that net oil imports is actually exported as refined petroleum products so it is not as dire as you would think.


35 posted on 07/24/2018 7:53:44 AM PDT by WMarshal (Because we're America, Bitches!)
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To: WMarshal
mmm...

Net means net, and the government figures include petro products, which is explained in the fine print:


39 posted on 07/24/2018 8:03:52 AM PDT by jjotto (Next week, BOOM!, for sure!)
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