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So at first when I read this atricle title, I was a little perplexed. However after reading the article, I am still JUST AS PERPLEXED! What the heck is going on here? I understand we need the crude to refine it to gasoline, diesel, jet fuel..etc, but we have such an abundance and $4 a gallon gas has become the norm in this country? Intresting article none the less.money.cnn.com...
The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.
Originally posted by benrl
reply to post by AllUrChips
It has always been my belief that the US is waiting for the time when the rest of the worlds oil is running dry to tap our own oil to export.
IT would make sense and explain why the electric car has been long delayed and their seems to be not urgency in moving away from gas.
The US sits on some of the largest untaped oil fields.edit on 5-12-2011 by benrl because: (no reason given)