Thanks for the clarification. It is still surprising nonetheless. ----- Original Message ----- From: Russ Abbott To: The Friday Morning Applied Complexity Coffee Group Cc: Hugh Trenchard Sent: Monday, February 27, 2012 7:47 PM Subject: Re: [FRIAM] A Good Question - Should the United States join OPEC?
We exported more petroleum products, not more oil. We are still net oil importers. -- Russ Abbott _____________________________________________ Professor, Computer Science California State University, Los Angeles Google voice: 747-999-5105 Google+: https://plus.google.com/114865618166480775623/ vita: http://sites.google.com/site/russabbott/ _____________________________________________ On Mon, Feb 27, 2012 at 7:42 PM, Owen Densmore <o...@backspaces.net> wrote: From http://www.huffingtonpost.com/2011/05/03/us-becomes-net-exporter-o_n_857085.html While some Americans cut back on driving as gas prices soar, the U.S. has become a net exporter of fuel for the first time in nearly 20 years. According to data from the Energy Department,starting last November -- with the exception of the month of January -- the U.S. began exporting more petroleum products than it imported. This is not the source I got the idea from, its been in the news quite a bit lately, this is just the first google hit I tried. The theory is that between the recession (thus less use of fuel, both supply side and demand), conservation/efficiency, and more recent hi-tech oil/gas exploitation (horizontal drilling), the US consumption has dropped and the production has increased, causing a net surplus. It certainly is surprising. -- Owen On Mon, Feb 27, 2012 at 6:54 PM, Hugh Trenchard <htrench...@shaw.ca> wrote: Where did you see that the US is now a net oil exporter? The attachments below are 2008 and 2009, but I suspect the picture hasn't changed much since then (US imports 75% of its oil for consumption). I believe I saw reference to "potential exporter" in the NY Times article. http://www.washingtonpost.com/wp-dyn/content/graphic/2008/07/26/GR2008072601599.html http://www.flickr.com/photos/gdsdigital/4056035804/ ----- Original Message ----- From: Owen Densmore To: Complexity Coffee Group Sent: Monday, February 27, 2012 9:14 AM Subject: [FRIAM] A Good Question - Should the United States join OPEC? Now for something completely different: http://www.nytimes.com/2012/02/26/opinion/sunday/friedman-a-good-question.html Basically whether or not the US should join OPEC now that it is a net oil exporter. Insane as it sounds, there is some reason in the discussion. -- Owen ------------------------------------------------------------------------ ============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org ============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org ============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org