Saturday, November 30, 2019

Your Good News of the Day

The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration Friday. While the U.S. has previously reported net exports on a weekly basis, today’s figures mark a key milestone that few would have predicted just a decade ago, before the onset of the shale boom.
President Donald Trump has touted American energy independence, saying that the nation is moving away from relying on foreign oil. While the net exports show decreasing reliance on imports, the U.S. still continues to buy heavy crude oil from other nations to meet the needs of its refineries. It also buys refined products when they are available for a lower cost from foreign suppliers.
Soaring output from shale deposits led by the Permian Basin of West Texas and New Mexico has been in main driver of the transition.

Note also that many of the Democratic candidates for president want to ban fracking.  Sometimes the mind boggles at what otherwise smart people insist on doing.


  1. I bet the MSM gargoyles are right now figuring a way to spin this into anti-Trump headline story.

  2. "America Now Largest Exporter of Greenhouse Gas Emitting Pollutants! Blame Trump!" How's that work, Bog?

  3. The Democrats desire to ban fracking is part of their overall package to drive this country to economic ruin in order for them to gain totalitarian power. Put that together with government run health care, a free range judiciary making law from the bench, removal of the protection of the peoples rights and you get the Elites perfect world.

  4. MAGA, drill baby, drill, and maybe we can pay off the national debt? Or first we could repeal and replace CONGRESS with some responsible people who love this country.

  5. If the Dems regain power, this will be the first thing they destroy.