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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 455.37+3.1%Feb 6 4:00 PM EST
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To: bart13 who wrote (99282)3/17/2013 11:57:21 AM
From: KyrosL1 Recommendation  Read Replies (1) of 220075
 
I don't quite understand what you mean by " oil imports against GDP aren't exactly showing what the shale folk are promoting." Are you disputing that domestic US oil production greatly increased over the last four years and erased two decades of declines?

Your oil imports as percent of GDP chart shows oil value rather than oil volume, so it depends on oil price. For example, the chart shows that in 2005 net oil import value was about the same as a percent of GDP as it is now. But in 2005 oil was around $55 versus $95 now, so net oil import volume has dropped a lot.
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