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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: KyrosL who wrote (160493)	3/3/2012 10:41:34 AM
From: Dennis Roth	4 Recommendations Read Replies (1) of 206110

How the U.S. Became 'The China of Refined' Gasoline By Matthew Philips on March 02, 2012 businessweek.com While the U.S. is becoming less reliant on foreign crude, the world is becoming more reliant on gasoline and diesel fuel refined in the U.S. This week, we learned that in 2011, the U.S. became a net exporter of gasoline, diesel and other fuels for the first time since 1949. Such refined products were the top U.S. export in 2011, beating out such staples of U.S. manufacturing as Detroit’s autos and Boeing’s (BA) airplanes. “We have become the China of refined products,” says Fadel Gheit, a senior energy analyst at Oppenheimer & Co. “We’re dumping product into other countries’ backyards.”

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