April 5, 2012

Did you know US exports more oil than it imports?

Heeding the adage, "The people have a right to know," I wish to offer the most recent information that this 71-year-old engineer has stumbled upon.

It pains me to see the way our political leaders are using the American public for their own selfish ends, by collectively lying to us about the way the Saudis and others are charging higher and higher prices for their oil while we suffer under a 10-cent increase every week, and ExxonMobil and others post multi-billion-dollar quarterly profits.

I was enjoying the contents of the March issue of Road and Track magazine when I noted a small article on Page 81 titled, "U.S. a net petroleum exporter -- for a while now."

According to the U.S. energy information administration, the article said, the United States exported 753 million barrels of oil through September 2011, while we imported 689 million barrels for the same time period.

The best was yet to come. The next article revealed that not only has this been the case since at least 2009, our biggest single source of oil comes from our northern neighbor, Canada, while we paying $4 per gallon to stay warm and diesel prices approach $4.59 per gallon.

Of the five oil suppliers to the United States, four aren't even in the Middle East. In addition to Canada, we have Mexico, Venezuela and Nigeria, with the latter two being members of OPEC.

Furthermore, Mexico is planning to become our second source of imported oil soon, and Canada eventually will become the major exporter over Saudi Arabia.

This news infuriated me, enough to pass it on, as we all have the right to know what liars we have all sent to Washington. We should fire them all.

Larry Morse


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