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Exporting Energy — Good or Bad?

August 25, 2013

To The Reader’s Forum: It was announced this week that the United States just became a NET EXPORTER of energy. I’m guessing energy meaning oil and natural gas, perhaps electricity....

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(32)

ironyoozesfromyouryap

Aug-29-13 1:21 PM

Seadog and sonoma - that had to hurt! Guess the silence speaks volumes. Time to take your ignorance to another topic. Bon voyage!

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Emelye

Aug-28-13 12:05 PM

The energy companies are expoprting so much energy because they don't care about America, they care about making money period. They are multi-national corporations that have zero interest in patriotism unless it reflects positively on the bottom line.

Never forget that a corporation is legally bound to do whatever they can without breaking the law to maintain and increase profits for their shareholders. If they don't, and, say, make a move that benefits the American people but harms their profits a bit, they can and will be successfully sued.

Corporations are amoral. They do;t care about things the way a common person does. That is why they promote inaccurate and misleading propaganda. THAT is why they need to be regulated.

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ironyoozesfromyouryap

Aug-27-13 9:37 AM

Exports/imports is NOT equatable to consumption/production.

Same goes with your lack of understanding of USD and how it affects exports and imports. The reason the US is exporting is NOT because we have excess; it is because the global market is bringing more money than the domestic market because of a weak dollar.

Econ 101. Some of you need that book.

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ironyoozesfromyouryap

Aug-27-13 9:35 AM

Anyone who knows basic economics could have derived that conclusion from the fact that if our consumption was lower than our production, our oil costs would not be affected by OPEC. Duh.

The fact that Seadog popped in just to accept the blubbering cracks me up. Seadog, why u so funny?!?

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ironyoozesfromyouryap

Aug-27-13 9:34 AM

What hurt?

Let's try this again:

***********indexmundi****/energy.as px?country=us

Anyone who thinks the US produces more than it consumes is an utter fool.

The US produces less than ONE THIRD of the oil it consumes.

Your lack of understanding goes back to what I said - because I KNEW you'd follow that rabbit trail. Predictable.

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Seadog

Aug-26-13 8:31 PM

Irony - that had to hurt!

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sonoma

Aug-26-13 7:21 PM

U.S. Was Net Oil-Product Exporter for First Time Since 1949 ...

****bloomberg****/news/2012-02-29/u-s-was-net-oil-product-exporter...

Feb 29, 2012 · The U.S. exported more gasoline, diesel and other fuels than it imported in 2011 for the first time since 1949, the Energy Department said. …

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ironyoozesfromyouryap

Aug-26-13 6:36 PM

I can't wait to see source material for US consumption vs production in 2010, 2011, 2012...

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ironyoozesfromyouryap

Aug-26-13 6:35 PM

"The topic of the letter is ENERGY--Oil, Gas, etc. We imported OIL because we were using more than we were producing. The reason we are now exporting energy is because we are producing more than we can use."

LOL, who went off topic? FedUp? I sure didn't because I was addressing economics - which directly ties into the discussion.

As for the rest of your comment, I almost spit my dinner out laughing. Are you sure we are producing more oil than we are using? Are you really sure about that?

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sonoma

Aug-26-13 4:24 PM

The topic of the letter is ENERGY--Oil, Gas, etc. We imported OIL because we were using more than we were producing. The reason we are now exporting energy is because we are producing more than we can use.

I fully understand the relationship between the value of the dollar in other commodities because The company I worked for bought and sold worldwide and I was involved in it.

Stick to the topic of ENERGY.

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ironyoozesfromyouryap

Aug-26-13 4:02 PM

"Sending our dollars to the oil Exporters was one of the reasons our economy went south and the dollar weakened."

I'd like to know how you arrived to that conclusion.

Some of you let the wrong hole talk far too much.

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ironyoozesfromyouryap

Aug-26-13 4:00 PM

"Your not so smart yourself irony. We were not an oil importer because the dollar was strong, we were an oil importer because we needed the oil. Sending our dollars to the oil Exporters was one of the reasons our economy went south and the dollar weakened."

First off, it's YOU'RE. Man, back to 3rd grade.

Second, do you not know laws of economics? And I was not referring to oil but the laws of economics.

Just like FedUp, you seem to equate exports and imports with affecting the USD. FALSE, the relationship is REVERSED. The value of the USD affects imports/exports, not the other way around. The reason we are exporting energy is because the USD has been lower than it was 10-15 years ago; this causes other nations with growing economies and energy needs to purchase from us because it is cheaper for them to do so compared to other nations.

Another reason why China artificially suppresses the value of their currency.

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sonoma

Aug-26-13 1:34 PM

Your not so smart yourself irony. We were not an oil importer because the dollar was strong, we were an oil importer because we needed the oil. Sending our dollars to the oil Exporters was one of the reasons our economy went south and the dollar weakened.

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ironyoozesfromyouryap

Aug-26-13 1:02 PM

"...has been a net importer for decades which only weakens the dollar."

Shows what FedUp knows about economics. The US was such a huge importer because the dollar was strong. When the dollar weakens, other countries can afford to buy our goods. Weak USD is a good thing for domestic exports.

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FedUpL8ly

Aug-26-13 12:46 PM

Cowboy, the Republican governor of Nebraska came out against the pipeline initially. After he got educated on the subject, he changed his mind and that's on the public record. The XL pipeline would be safer than any existing pipeline. If it's such a bad idea, why don't I hear a public outcry from your farmers to dig up the existing 14,000 miles of pipeline that exist in the area for the proposed XL pipeline. Sonoma, isn't it astounding how so many people can't figure out that politicians are the root cause of many of America's problems. Regulations alone now cost the U.S. economy more than the entire GDP of Canada. Obama has his people on steroids with their writing new regulations. And we still have some people saying we need more regulations. Easy to figure out who they vote for.

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Cowboy

Aug-26-13 8:30 AM

I honestly don't know what to say to people who think that the XL pipeline's not being built, as of yet, has anything to to with Obama. You do realized, don't you, that the vast, vast majority of farmers in the Dakotas and Nebraska, across whose lands the pipeline would run, are united in their opposition to it. The Governor of Nebraska, a Republican, is vehemently opposed to it as well. I used to live in Nebraska. It is an agriculturally oriented state; the people cherish their land, and don't want it despoiled. Who can blame them?

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sonoma

Aug-25-13 9:59 PM

If you think liberal policies reduce gas prices check out what they pay a gallon in California.

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Girlyman

Aug-25-13 9:02 PM

Seadip, Big oil dropped gas prices to help Mitt get elected ,of course they have done everything to jack up the price with a Dem/clean energy president in office .Are you really that clueles and a blind lover of Big Oil and Big Business. There is only one way to control greed (REGULATION)

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Girlyman

Aug-25-13 8:57 PM

Fedupwithurlies, We could of saved $1/gallon if the Bushies didn't allow Exxon and Mobile to merge.The last pipeline we built meant cheaper crude for Japan,this one would mean cheaper crude for China....your point is?

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Seadog

Aug-25-13 8:06 PM

Sonoma, don't expect Coppergoat to look any further than Ed Shultz and MSNBC.

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sonoma

Aug-25-13 7:01 PM

BTY--I don't blame the bottom 1% for taking advantage of the programs. I blame the politicians who knew better but introduced the programs anyway. Of course they are the ones who put us in debt 14 trillion so maybe they actually don't know any better.

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sonoma

Aug-25-13 6:55 PM

Coppergoat, perhaps you should go on the net and read---"Housing, welcome to the white house" or " HUD Archives, US home ownership highest in nations history"----The first is the Clinton/Gore machine bragging about adding low income homeowners and the other is Cuomo adding to it.

The banks were against lending the money because they knew better but were forced by the White House--Yes, Forced--Being the capitalists they are they figured out a way to make money off it for awhile and who knows what other deals were struck with the White House. Clinton got what he wanted and we paid for his mistake.

Hell--I know a couple 35/38K truck drivers who bought 250K homes through the program. Now they are renters.

You would think they would have purged the proof from the net once it became obvious what was happening. There is other information in greater detail if you do a bit of research.

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Gemni5

Aug-25-13 6:10 PM

I wish there was a TOTALLY AGREE button Coppergoat! It's very easy to " cherry pick" data to bolster your argument.....look at the big picture and it is not so easy!

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Coppergoat

Aug-25-13 4:48 PM

That last paragraph of Sonoma's is the most egregious of the lies about the causes of the Great Recession. The idea that the economy was crashed by the bottom 1%, not the top 1%, is pretty patently absurd on its face, as is the idea that government "forced" any bank to make loans it didn't want to, or that it was the government coming up with creative new financing mechanisms/scams to sustain the housing bubble which made so many so rich (hint - it's not government employees who get rich).

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sonoma

Aug-25-13 1:17 PM

Presidents have little to do with the price of gas although Obamas failure to approve the pipeline and resistance to drilling does nothing to help the situation.

There is nothing wrong with being a exporter of fuel in a world economy as long as we are not in a major war in which case we could reserve the fuel for ourselves. There are also benefits to having the only pipeline for fuel from Canada if we found ourselves in a major war or some other disaster. Better going through us than heading towards China.

BTW the crash that happened on Bush's watch came about as a result of Clinton/Gore forcing the banks to lend money for low income people to buy houses they couldn't afford.

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