Samhain
DP Veteran
- Joined
- Sep 30, 2011
- Messages
- 4,939
- Reaction score
- 2,131
- Location
- Northern Ohio
- Gender
- Undisclosed
- Political Leaning
- Libertarian
Trade Deficit in U.S. Plunges on Record Petroleum Exports - Bloomberg
Goes to show you, drilling for oil in the US does have a very positive impact, even if it doesn't directly affect the price at the pump.
The trade deficit in the U.S. narrowed more than forecast in December, led by record exports of petroleum that gave the world’s largest economy a boost at the end of 2012.
The gap shrank 20.7 percent to $38.5 billion, lower than any estimate in a Bloomberg survey of 73 economists and the least since January 2010, Commerce Department figures showed today in Washington. The jump in fuel sales to overseas buyers, combined with purchases of the fewest barrels of imported crude in almost 16 years, led to the smallest petroleum deficit since August 2009.
Goes to show you, drilling for oil in the US does have a very positive impact, even if it doesn't directly affect the price at the pump.