oil deficit

What would happen to our economy if we didn't have to import oil?

by admin January 14, 2010 Real Estate Market Update

I don’t know why, but I feel I am the only one that is so bothered by our imbalance in trade. To me, it is the same as spending more as a household than you make. Eventually you go broke. Your creditors call your notes as you become less able to pay your bills and …

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Over a Barrel: The Truth About Oil – ABC tonight July 24th

by admin July 24, 2009 Real Estate Market Update

I remember the great acting of Jack Nickolson in A Few Great Men and his line, “YOU CAN’T HANDLE THE TRUTH.” I haven’t seen it for a while and I just watched the clip again. Follow this link:

I brought this up because I think of it I think about what we are doing to ourselves …

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TRADE DEFICIT INCREASES, DAH OIL PRICES ARE HIGHER

by admin June 10, 2009 Real Estate Market Update

I really don’t understand why Americans can’t see that our oil dependence is destroying our country financially and socially.

Below I copied in some information about our trade deficit for April. It is from Daily Finance, in AOL. I was shocked to see at the bottom, for the first time they linked oil to the deficit. …

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TRADE DEFICIT $300 BILLION BELOW LAST YEAR, COULD THAT BE DUE TO OIL PRICES?

by admin May 12, 2009 Real Estate Market Update

So, I read the report on the trade deficit and shockingly no where is oil mentioned. We import about 20 million barrels of oil a day. At today’s approximated $60 per barrel that is $1.2 billion dollars a day in trade deficit. Multiply times 30 days in the month and $36 billion per month is …

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