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Thread: Trade Deficit in U.S. Plunges on Record Petroleum Exports

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by Fisher View Post
    Makes me wonder why with all the calls for "energy independence" we are exporting oil instead of consuming it and importing less........
    Because politics doesn't control the business

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by Fisher View Post
    Makes me wonder why with all the calls for "energy independence" we are exporting oil instead of consuming it and importing less........
    We don't have a centrally planned economy in which an entity commands companies whom to sell/buy their product to/from.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by the_recruit View Post
    We don't have a centrally planned economy in which an entity commands companies whom to sell/buy their product to/from.
    If we still had a meaningful import/export tax system we would be in a better position over all. As is, Washington just keeps giving all the cake away to Asia.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by the_recruit View Post
    We don't have a centrally planned economy in which an entity commands companies whom to sell/buy their product to/from.

    Right. We are in a demand/supply economy where if supply is up and demand is down, then the price drops to increase the demand. OOOOPS. Tain't workin'. Sumpin' mus' be slippin'. The price is going up. What could cause that? Could our energy corporations be saying "Screw this country, China will give me ten cents more." Yassuh! Loyalty to the strong currency.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by Fisher View Post
    If we still had a meaningful import/export tax system we would be in a better position over all. As is, Washington just keeps giving all the cake away to Asia.
    Protectionism doesn't help anybody. Trade is good for everybody. Comparative advantage and all that.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by the_recruit View Post
    Protectionism doesn't help anybody. Trade is good for everybody. Comparative advantage and all that.
    Normal trade, yes, not so much with natural resources when there already is a current deficit position unless they are not useful at all...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by AlabamaPaul View Post
    Normal trade, yes, not so much with natural resources when there already is a current deficit position unless they are not useful at all...
    Why? And what do you mean by deficit position? Our companies aren't able to purchase as much oil as they're willing to pay for?

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by the_recruit View Post
    Why? And what do you mean by deficit position? Our companies aren't able to purchase as much oil as they're willing to pay for?
    We import more energy resources than we export, hence our deficit position. Natural resources are the citizens' property not any individual company's...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by AlabamaPaul View Post
    We import more energy resources than we export, hence our deficit position.
    And you think by effectively restricting the amount of energy resources we import to the point that it is less than or equal to what we export would benefit us overall?

    Quote Originally Posted by AlabamaPaul View Post
    Natural resources are the citizens' property not any individual company's...
    Oh jeez.

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    Re: Trade Deficit in U.S. Plunges on Record Petroleum Exports

    Quote Originally Posted by the_recruit View Post
    Protectionism doesn't help anybody. Trade is good for everybody. Comparative advantage and all that.
    It is good for Wall street and the AFL-CIO--not so much all those people whose plants have gone overseas.

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