Tax on Petroleum and Crude Oil Exports - GOOD for the USA Economy

[FreakinDJ]

The USA is currently a Net Exporter of Refined Petroleum / Crude Oil at over 100,000 barrels per day and yet not $0.01 of taxes are collected.

Exporting Petroleum products has inflated USA gas prices at the pump and is hurting any chances of economic recovery. We need energy / tax policies that make sense for Working American Families not Wall St. Banksters

[Spider Jerusalem]

1. The US is a net exporter of refined petroleum...

only because the US imports crude oil and refines it. All of that exported refined product comes from imported oil.

[FreakinDJ]

2. The majority of Alaskan Crude goes to Asian countries

and lets not forget all the Natural Gas Compressor stations being built and or permitted to Export all the Natural Gas being extracted by Fracking

So NO - your statement is not true

[Spider Jerusalem]

3. No, it doesn't.

Total Alaska North Slope production, most recent figures: 574,000 barrels per day, see here: http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=manfpak2&f=m

Total US crude oil exports, 37,000 barrels per day, see here: http://www.eia.gov/dnav/pet/pet_move_wkly_dc_nus-z00_mbblpd_w.htm

Total US refined products exports, same source as the above, 3,119 barrels per day, of which 616,000 are gasoline and 1,124,000 are diesel fuel. As you can see this is substantially more than the total Alaskan production; most of the refined product exports come from Mexican, Canadian, and Caribbean oil which is imported into the US via Galveston or Mobile or New Orleans and refined in Gulf Coast refineries for re-export; Alaskan oil is required by law to be shipped to US refineries, see here: http://www.snopes.com/politics/gasoline/alaskaoil.asp