USEIA/Public Domain
Value of US Fossil Fuel Exports By Fuel, 1949-2010
The above line graphic was produced by the USEIA. The steeply up-sloping red trend line is for petroleum products, not crude oil.
Growth in US export value for petroleum products (in billions of real dollars per year), as charted, results from growing demand for petroleum products in developing economies like Brazil and China. Especially Brazil can be conveniently distributed to via US gulf coast refineries - some of which would benefit from increased access to Alberta Tar Sands-produced crude oil, by pipeline.
The driller they get, the faster they ship.
Growing overseas demand for oil and oil products - with some piling on by day traders - is why the US government is incapable of rapidly bringing down the cost of gasoline to under two bucks. The only thing that might bring that demand down in short order would be a dramatic crash of the economies ofBrazil and/or China. . . .
Growing overseas demand for oil and oil products - with some piling on by day traders - is why the US government is incapable of rapidly bringing down the cost of gasoline to under two bucks. The only thing that might bring that demand down in short order would be a dramatic crash of the economies ofBrazil and/or China. . . .
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