Have you seen the stories in the MSM about the tremendous oil reserves we have right here in the good ole US of A? The propagandists proclaim we are only a few short years from being a net exporter of petroleum products. Peak oil is a myth. The U.S. doesn’t need that stinking Arab oil. We’ll be self sufficient because we’re smart, not dumb like everyone says.
Just one problem with this storyline. It is complete and utter bullshit. Romney’s drilling mantra and Obama’s green energy mantra are lies. If you see or hear anyone say that the U.S. will be able to produce the 19 million barrels of oil per day that we consume, immediately run for the door. They are filthy stinking liars.
Take a gander at this little chart. Please observe the little black line. It seems we are running a slight trade deficit in petroleum of about $360 billion per year. This means we import $360 billion more petroleum products than we export. Please observe the direction of that black line since Obama took office in 2009. Please observe the trend over the last 14 years.
Do we appear to be on the verge of becoming a net petroleum exporter?