Whoa. I had no idea the US was currently producing anywhere near as much fuel as it consumed, much less actually producing more. All my life I've heard people worrying about our dependence on foreign fuel. Wow.
According to the article, the US is currently importing 9 million barrels of crude oil per day and exporting 919,000 barrels of refined petroleum products per day. I don't know how much volume is lost during refining, but I find it hard to believe that it's anywhere near 90%. That doesn't sound like we would have close to enough refined products for domestic consumption if we stopped importing crude.
Ah, yeah, I see what you mean. We're exporting more processed oil than we're importing, but still consuming more processed crude than we're exporting. I knew there was a reason I didn't want to make that comment, but I couldn't work out what was wrong with my line of reasoning (for some reason, I thought the article was including crude as a fuel, which of course it doesn't.)
Random WikiAnswers found via Google suggests about 5-10% of crude oil doesn't become fuel of some kind.
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timeasmymeasure
Check the Magnitudes
Date: 2011-12-01 12:43 pm (UTC)Re: Check the Magnitudes
Date: 2011-12-01 01:38 pm (UTC)Random WikiAnswers found via Google suggests about 5-10% of crude oil doesn't become fuel of some kind.