U.S. Energy’s Impact Continues to Grow
Posted February 26, 2014
Surge in Fuel Exports Boosting U.S. Trade Balance
Fuel Fix Blog: HOUSTON — Growing production of U.S. oil and gas is helping to improve the nation’s trade balance, according to a federal report Monday.
Dramatic growth in the export of refined petroleum products, such as jet fuel and gasoline, has led the way. The value of net refined exports increased 55 percent in 2013 over the prior year, reaching $33 billion, according to the U.S. Energy Information Administration.
U.S. refiners are finding cheaper domestic alternatives to overseas oil, causing a rally in the ratio of refined fuel exports to imports. Overall energy export values increased 8 percent in 2013 over the prior year. Total energy imports to the U.S. fell by 11 percent for the same time period.
Read more: http://bit.ly/NxGatH
More industry news:
Energy Independence 40 Years After the Arab Oil Embargo? http://bit.ly/1jAYihz
Driessen: It’s Time to Move Forward on Keystone XL: http://bit.ly/1c9bydM
Energy Secretary: ‘All of the Above’ is Climate-Friendly: http://bit.ly/1fs6Z90
The Myth of Big Oil: http://bit.ly/1jAYBJe
Health Links Hyped to Drive Fear of Fracking Despite Studies that Fail to Back up Claims: http://bit.ly/1fUwgJG
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
- Natural Gas, Our Air and Our Modern Lifestyles
- Hoops - Higher, Faster, Better Thanks to Energy
- Shifting Into Drive, Powering Past Impossible
- ‘Power Past Impossible’ Hits New York’s Times Square
- Supporting the Greater Good in Our Communities
- Natural Gas, Oil and Animal Orthotics: Making the Impossible Possible