The “4-Week Avg. U.S. Net Imports of Crude Oil” graph shows the U.S. has recently become a net exporter of petroleum products. Such has generated a lot of publicity and surprise of late, but one must keep in mind that this is NOT crude oil.
As the “4-Week Avg. U.S. Net Imports of Petroleum Products” graph shows, the U.S. remains a massive net importer of crude, the raw material used to create petroleum products such as gasoline.
This article originally appeared in The Business Owner Journal, the periodical of choice for owners of small and midsize private businesses. All rights reserved, D.L. Perkins LLC. © 2012.
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