Petroleum product exports are on track for another banner year, with total exports climbing to a 3.7 million barrels per day (bbpd) average for 2014 from just under 3.5 million bbpd in 2013. However, on the East Coast, imports for some fuels increased by almost 50% in the first half of 2014.
In my last post, I described how the past eight US presidents pledged to reduce our dependence on foreign oil. None have succeeded yet… but by the time President Obama leaves office, oil imports will be lower than when he arrived, but as I previously explained, its not all because of his administration.* Now let’s [...]