U.S. becomes net fuel exporter

[phantom power]

NEW YORK, May 3 (UPI) -- The United States for the first time in nearly 20 years has become a net exporter of fuel as domestic consumers face with high gasoline prices, data indicate.

Records from the U.S. Energy Department indicate that the United States, the world's biggest consumer of oil, exported more gas than it purchased from the global market for the first time in years.

Joe Gorder, executive vice president at U.S. refiner Valero Energy, said the trend in exports is driven by rising demand in Latin America.

Read more: http://www.upi.com/Science_News/Resource-Wars/2011/05/03/US-becomes-net-fuel-exporter/UPI-38911304425703/#ixzz1LOXhPmeo

[RC]

1. Money warps all perceptions.

What more can I say.

[NickB79]

2. Bad headline. We'd be a net exporter of REFINED fuels like gasoline

We'd still be importing gobs of unrefined petroleum.