U.S. Now Exports More Petroleum Products Than It Imports
The U.S. Energy Information Administration is the source for "independent and impartial energy information" in the U.S. Petroleum products includes all refinery products, particularly gasoline, diesel, and jet fuels and "petroleum coke, which is used to make steel".
"The nation is now on track to be a net exporter of petroleum products in 2011 for the first time in 62 years. As recently as 2005, the U.S. imported nearly 900 million barrels more of petroleum products than it exported."
This 'petroleum surplus' should not be misinterpreted. "So long as the U.S. remains the world's biggest net importer of crude oil, currently taking in nine million barrels per day, it isn't likely to become energy independent anytime soon."
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