The U.S. is back to importing more foreign oil, but don’t panic


#1

The U.S. Energy Department said it expected more crude oil will enter the country from foreign countries in part because U.S. oil was less cost effective.
During the first half of the year, the U.S. Energy Information Administration, part of the Energy Department, said total crude oil imports increased 7 percent year-on-year. The increase marks a first since 2010, when imports started to decline in response to rising domestic output.
By region, EIA said imports from members of the Organization of Petroleum Exporting Countries increased by 504,000 barrels per day, making up the bulk of the new oil entering the U.S. economy. Declines from Mexico were offset by more imports from Canada, making the net gain from non-OPEC countries less than 24,000 bpd.

The U.S. is back to importing more foreign oil, but don’t panic - Hot Air Hot Air

obama has worked over time to undermine the economy and force this country to depend on others while being excoriated for not doing enough to wreak the nation.

Hulk actor Mark Ruffalo calls Obama


#2

This will make Hillary happy too. She can provide better services to the countries from which she has taken “contributions,” like Qatar and Saudi Arabia. It was so kind of those people to only want 5 minutes of Bill’s time when they gave him that $1,000,000 check for his birthday. He and Hillary really should do something in return for their generosity. I mean, heck, he didn’t even have to give them 10 minutes of his time … They were so thoughtful. :santa: