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U.S. to become net exporter of gasoline by 2010?

08/28/2008, 6:39 PM

By Drew Johnson

Although the U.S. has long imported more gasoline than it has exported, a new study finds that the U.S. could become a net exporter of gas by the year 2010. The news is quite shocking but totally possible thanks to ever-shifting global demands.

According to a new report by Booz & Company, the conditions could be ideal for the U.S. to become a net exporter of gasoline. Although the U.S. still has a large thirst for gas, our demand for dino-juice has actually subsided over the last year due to record high prices at the pump. In fact, oil demand is down 8.6 percent this year, leaving us with a little extra capacity.

Take into consideration increasing bio-fuel production requirements and the rapid greenification of the automobile and our demand stands to decrease even further in the coming years.

However, while Americans are just in the beginning stages of weaning themselves off gasoline, emerging regions – such as India – are just preparing for a transportation boom. And because developing countries’ lack of refining capacity, they will be looking to outside countries to fulfill their ever-growing thirsts.

This is where the U.S. comes back into the equation. With our gas consumption on the decline, we would have enough excess capacity to ship to developing regions. This is not to say our exported gasoline would come from U.S. oil fields, but it would be entirely possible for us to import gas from other countries only to send it on its way once again, making the U.S. a net exporter of gasoline.

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08/28, 6:57 PM

posted by:

zoomzoomer

This story is interesting but sadly out of date. US fuel prices have dropped nearly 45 cents in the past two months.. so how long do you think it will take for Americans to go back to their old habits, especially if the current trend continues?

08/28, 7:00 PM

posted by:

zoomzoomer

In fact, I fully expect US gas prices will continue to decline right up to election day (thanks to Bush’s big oil buddies), but once McCain is elected they will eventually rebound to over $5.00/gallon.

08/28, 7:06 PM

posted by:

beatusmongous

Improbable but not impossible…

08/28, 7:27 PM

posted by:

megeebee

IS IT APRIL FIRST TODAY? I have to wonder about a report by a group called “BOOZ & Co.”.
.

But, in the words of Eleanor of Aquataine, played by Katherine Hepburn in the film version of “The Lion In Winter”: “…in a world where capenters get resurrected, anything’s possible.”

08/28, 7:28 PM

posted by:

megeebee

/\ /\ /\
Sorry, that should be “carpenters”.

08/28, 7:37 PM

posted by:

tyler_is_aero_tt

megeebee you should lay off the BOOZ.

08/28, 7:41 PM

posted by:

Need4SSpeed

U.S to be the biggest net exporter? WTF?

08/28, 7:43 PM

posted by:

tzu13

Is “greenification” actually a word? Firefox says it is not.

08/28, 7:45 PM

posted by:

Need4SSpeed

ahh, read it wrong… But I bet we won’t see a penny of it in our gas prices…

08/28, 7:56 PM

posted by:

johnnycanuck

Does this Booz & Company have any proof? Get it- proof? OK, I’ll shut up now…

08/28, 8:07 PM

posted by:

vwoom

I think it is correct and sensible to say that the US would be a actually be net GASOLINE exporter specifically…and NOT an oil exporter come 2010 as mentioned in a Green Car Congress website article:

http://www.greencarcongress.com/2008/08/shifts-in-energ.html#more

08/28, 8:23 PM

posted by:

Icarus

I believe we are all now much dumber for having read this. The U.S. currently imports about 70% of the oil we consume, and export significantly less than 10% of that amount, mostly as refined products.

For us to become a net exporter of “oil”, we would have to reduce our demand for oil to less than 1/3 of our current consumption to be a “net exporter”.

I think the point the author is trying to make is that we would be a net exporter of gasoline in two years, but it will still be gas made from imported “oil”. I still doubt that we’ll have that much extra refining capacity in two years, with no new refineries being built. It’s not like everyone is buying a Prius or TDI tomorrow.

08/28, 8:24 PM

posted by:

beatusmongous

I wonder if oil will surpass pornography as the U.S.’s biggest export?

08/28, 9:02 PM

posted by:

bigp

i guess

08/28, 9:18 PM

posted by:

Madcapp

Hahahahahaha, W and those lying ass republicans must be out promoting more lies this election season. What are we gonna do… export all that leftover switchgrass gasoline in a few years? Or maybe we’ll do it by extending daylight savings time once again. Don’t you love how well trickle down republican economics works?

08/28, 9:59 PM

posted by:

jayjc08

It’s unfortunate that the article is being as optimistic as possible. Great to be optimistic, but very unlikely.

You know though… I wouldn’t doubt it if the U.S began refining more oil than we consumed by… 2020 or so. Neither is that far off or being completely optimistic. As it currently stands we have some of the largest refining capabilities in the world, we just don’t dig up as much oil as most other countries. That’s something that may change as well in the next few years, hopefully.

I don’t think blaming it on republicans is going to help us. This article is neither exclusive to Republicans or Democrats- both have their strange, ignoramus ways of thinking that people are tired of. The candidate that I can honestly say is different is out of the picture now, and I’m not going to consider choosing between dumb and dumber.

08/28, 10:06 PM

posted by:

drchiem

I can’t wait to see that day. Screw OPEC. We sure do have plenty oils in this country…..

08/28, 11:44 PM

posted by:

DeansterTJ

Supposedly Canada is a net exporter of oil. And gas is about $5 a gallon up here. So, don’t get your hopes up.

08/28, 11:50 PM

posted by:

crackerhemi

“Hurst name has long been synonymous with American muscle”

Yup, as in it’s dead. Puny “American Muscle” is nothing considering the new Prius detroys ****ty mustangs in both HP and torque.

08/28, 11:52 PM

posted by:

johnnycanuck

Damn, Deanster. What did Mark Elias have to say to you? If you were any tamer we’d all have to sweep the kitty litter off the screen.

08/29, 12:08 AM

posted by:

DeansterTJ

^ Actually, I don’t know! I didn’t read it yet because it got sent to another account!!!! Yeah, I’m not in the mood to start controversy these days, I’m totally overloaded at work and constantly thinking about some financial issues that are about to smooth out in a month or so….

Don’t worry, gimme a day or two and a hot topic, and I’ll go off

08/29, 12:17 AM

posted by:

johnnycanuck

Deanster: there’s something going on. The other day many of us had flashes to a new format, all high tech and glossy, but it would disappear every time you reloaded. I had a post deleted on the Saab article today that- while slightly off topic I’ll grant you- wasn’t that vulgar and actually a true story.

Something’s smelling like Maple Leaf smoked meat in the province of Quebec my friend.

08/29, 12:22 AM

posted by:

beatusmongous

It’s not just you guys, Johnny. I’ve had a few brushes with the new format myself, and I’ve had some strange things happen to my posts, too. And I’m down in Las Vegas, so it’s not just the northern neighbors. However, Deanster is pretty calm. Too calm…

08/29, 12:24 AM

posted by:

johnnycanuck

… apologies, that would be Ontario with the meat issue. And it definitely isn’t anything to laugh at.

08/29, 12:28 AM

posted by:

johnnycanuck

beatus: we all know they’ve nuked HRR, and you’ve seen the new format too, and Deansters gone all mellow…. OMG- it’s the Stepford Lane News!!!

08/29, 12:46 AM

posted by:

beatusmongous

Johnny, would you like some more tea?

08/29, 12:54 AM

posted by:

psiclone

Madcapp you sound like an average liberal idiot. That wasn’t even a coherent post. Just some emotional ranting with broad accusations that aren’t substantiated (otherwise known as average liberal idiot-speak). The article mentioned nothing about either political party. Also, you speak of “trickle down republican economics” as if it’s something that anyone outside of your lefty-circle has heard of. Please enlighten me.

It’s the republicans that want to drill here and reduce our dependency on foreign oil. But the radical-left greenies don’t want the country’s interests to interfere with Bambi’s morning ****e. If you have done ANY research on the matter you’d know that the resulting environmental impact would be nothing like what these environmental extremists have made it out to be. The republicans were the ones on the senate floor speaking about oil solutions while the lazy freeloading dems refused to stay because they were supposed to be on vacation. And Nancy’s the Speaker for crying out loud!

Can you give me three examples of anything your double-talking dems in congress have done to help the citizens of this country recently? Don’t say it’s “W’s” fault either. Everyone knows that Congress has far more control over internal affairs than the president does. On that note, your democratic-led Congress recently set an all-time RECORD for LOWEST approval rating. (Yes, FAR below that of “W’s” lowest approval.) Typical liberal hypocrites.

08/29, 12:59 AM

posted by:

Michael Karesh

As vwoom and Icarus noted, we’d be a net exporter of gasoline, not oil. There’s a big difference.

08/29, 7:26 AM

posted by:

DeansterTJ

What’s this new format you guys are talking about?

08/29, 9:58 AM

posted by:

RaineMan

We need to do what’s smart and keep the fuel for ourselves so we don’t end up in another “energy crisis” in 20-30 more years.

08/29, 12:04 PM

posted by:

ktulu

No, let’s keep our oil & buy 4n oil, 2.

If we don’t demand it all now, we should just sav iut. We sghould nationalize the oil.

The GOP has picked a woman. She is a Milf, but Mrs. Omabster is MILFier.

I hope Americans don’t go back 2 our old bad habits, & n ew cars use less fuel & put out nmoper power.
I also expect US gas prices 2 to drop rite up 2 election day. (Hirricanes notwithstanding $3.45 us what iu;m thinking. Part of a (ultimateluy unsuccesful) GOP strategy 2 Keep the Obamster off his riteful throned.

he wasn’t just a carpenters.

only swedeb an CR can best the USA in the wquality oif their pornography. Czech girls do anything!

as the U.S.’s biggest export?

Comment by beatusmongous, posted on August28 at 8:24 pm
i guess

W and all republican polititians are liars. The’re lies get people killed. WJC’s lies didn’t do that.

trickle down republican economics duz bot work

whis is this “different” candidate? Ron Paul? he’s a good guy.
I don’t believe the new Prius detroys mustangs in HP or tork. Mustangs R not crappy.

I like Maple syrup, buty I hate PQ.
“trickle down republican economics,”: simplified verskion.
Givee $ 2 the rich.
they invest & hire. It douesn’t work bcuz the rich don’t need gov’t $ — if they C a good investemt, they will invest. So these programs & non-important “cporporate tax breals” have n0o impact other’n keeping the rich richer.

we should drill here and get nuke plants.

Bill Clinton (who should STILL be prez — stupid 22d amendment) got people opff
But the dems screwed up by letting the GOP pas that citizen raping bankruptcy law

Iron maiden rules!

08/30, 12:29 PM

posted by:

injunraiv

Damn ktulu, WTF? Spell check or something. You’re hurting my eyes…

08/30, 10:22 PM

posted by:

jayjc08

ktulu- Yeah, I had meant Ron Paul if that was directed to me. The only guy I was seriously considering, or have seriously considered for the past few elections. But he didn’t put his campaign in the right place when he had the funding, and the media shot him down early in terms of coverage.

But hey, it’s both democrats and republicans that are getting people killed… Whether we like it or not, both truly want war, but one party is going for people who think we should still going after terrorists, and ones going after people who want to pull out. I don’t believe in either party, and for that matter, I don’t honestly believe in any parties atm, their all crooks. So was Bill Clinton, but he was in office in good economic times.

We need to drill in the U.S.A. Global Warning is all crooked anyways.

 
 
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