More going out than coming in for first time since 1949
(NEWSER) - This is going to be the first year since 1949 in which America exports more fuel than it imports, thanks to sagging demand at home and booming economies elsewhere. The US still imports around 9 million barrels of crude oil every day, but soaring exports of refined petroleum products are converting it into a net exporter, the Wall Street Journal reports. In the first nine months of this year, the US imported 689.4 million barrels and sent 753.4 million barrels of petroleum products abroad to countries including Mexico, Brazil, and the Netherlands. More»
