April 4, 2016
Petroleum Products: Rose 300% in 2013: Was #1 US Export in 2012: Yet, US Trade Balance Deficit remains massive.
to learn that the United States became a NET
EXPORTER of petroleum products for the
first time since 1949. This included the ex-
portation of diesel and jet fuels, as well as
petrol additives. More important was the
news that America's demand for oil was
at its lowest since 1997. American oil de-
mand shifted from 96 million barrels per
day in 2007 to 88 million daily barrels at
the end of 2011.
The bottom line is that the gasoline and
diesel price hike of the Winter of 2012
had nothing to do with supply & demand
factors. Do not let yourself be deceived.
Greed is an addiction for unconscionable
folk in modern Corporate America.
Yet, the bottom line to a corporate exec is the price of his company's stock, per share.
Such corporate executives proved that they are willing to sell out America for the sake
of obtaining a stock's desired price.
In 2012, the price of gasoline and the price of diesel were at their highest ever for any
month of February, as oil was over $100 per barrel. One of the assumed co-suspects
of the 2012 price hike was that which caused the 2008 fuel price hikes: Oil Futures
Speculation. However, there were two other co-suspects to the high pricing, for 2012.
Another suspect in the American fuel price hike was the exporter. Petroleum products
were being shipped to the highest bidders, and the highest bidders were not Americans.
In fact, the United States exported more petroleum products last year than at any other
time in its history. In fact, total exports for the first half of 2012 rose 7%, compared to
exports for the first half of 2011. This means that Mitt Romney and Paul Ryan were
lying to America.
Stated for the record, America's top five exports for 2011 were as follows:
1. Fuel: $73.4 billion
2. Aircraft: $70.8 billion
3. Motor Vehicles: $39.6 billion
4. Vacuum Tubes: $37.1 billion
5. Telecommunications Equipment: $33.2 billion
The trend continued in the following year:
Of course, even in 2012, America still suffers from a chronic Trade Balance Deficit, to
the tune of hundreds of billions of dollars per year, largely due to sweatshop and slave
labor product importation.
Incidentally, the third co-suspect in the gasoline price hike of 2012 was the false rum-
or about Iranian oil exports being cut off from Iran's customers. Refer to: Oil & Gas
Journal, International Petroleum News and Technology: MARKET WATCH: False
tale of Iran cutting exports lifts oil prices. It is found at
In case you've missed the point, there was NOT any shortage of petroleum products in
the States. Rather, there was decreased American demand, coupled with an increase
in American production. This means that the prices of gasoline and diesel fuel should
have dropped throughout the United States. However, the opposite has occurred.
As a statistical average, 117 million GALLONS of fuel and other petrol products were
exported from the United States per DAY, in the Year 2011. For the first ten months
of 2011, the U.S. exported 848 million barrels of petrol products, at an total price tag
of $73.4 billion. The bottom line is that the sky wasn't falling in America, as FoxNews
made it seem to be, as far back as 2008. Rather, Chicken Little, it has been raining
At this point, we all need to be familiarized with oil futures speculation. The follow-
ing article was written so that even a junior high school student could understand it.
Then, at the very very very least, gloss over the following texts of mainstream news
media quality and professional journal quality:
USA Today: In a first, gas and other fuels are top U.S. export
The Wall Street Journal: U.S. Nears Milestone: Net Fuel Exporter
USA Today, Money: Oil boomlet sweeps U.S. as exports and production rise
Bloomberg: Rising Gas Prices: Not Demand Driven
Ktar Talk & News, Phoenix:
Don't blame oil companies for skyrocketing gas prices, blame speculators
The Washington Post's Ezra Klein: America’s top export in 2011 was . . . fuel?
CNN Money: Gasoline: The new big U.S. export
Econbrowser: U.S. net exports of petroleum products
Anchorage Daily News: Fuel top US export for first time in 60 years
Americans Gaining Energy Independence With U.S. as Top Producer
The much more technical Futuresmag.com: The crude business of crude oil
Stacy Curtin of the Daily Ticker, through Yahoo Finance:
What Energy Problem? U.S. Oil Exports Are on the Rise