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To: KyrosL who wrote (160493)11/30/2011 12:11:36 AM
From: Sailing25 Recommendations  Read Replies (2) | Respond to of 206104
 
A highly mis-leading article IMHO as in places it conflates petroleum products with crude oil. To suggest this slight trend toward a surplus in petroleum product exports over imports means the U.S. is headed for "energy independence" is ludicrous



To: KyrosL who wrote (160493)3/3/2012 10:41:34 AM
From: Dennis Roth4 Recommendations  Read Replies (1) | Respond to of 206104
 
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.”