think that "They" are telling U.S. the Truth about what they see...
and then find out some of them actually are.
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Trade deficit =
The biggest deficit by far is with China
the source of many of the goods on the shelves of Wal-Mart
It rose slightly this month, to $25.6 billion from $25.5 billion.
That is still 66.8% of our overall trade deficit.
Of the total goods deficit of $51.17 billion
$20.08 billion -- 39.2% -- is due to our oil addiction.
Relative to the overall trade deficit, our oil addiction is 52.4% of the problem.
On a year-to-date basis, we have run a $240.6 billion deficit just from petroleum
Put another way, the year-to-date trade deficit has totaled $458.7 billion
which is 84% what all the firms in the S&P 500 earned, worldwide, in 2009.
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Goods by geographic area (not seasonally adjusted)
The goods deficit with Canada increased from $1.2bn in October to $1.8bn in November.
The goods deficit with China increased from $25.5bn in October to $25.6bn in November.
The goods deficit with Mexico decreased from $5.8bn in October to $5.6bn in November.
The goods surplus with Brazil was virtually unchanged at $1.1bn in November.
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While we agree with your oil addiction argument, we note that once again you do not say WHERE we are buying The Stuff from.
With regard to the two largest suppliers of crude oil to U.S., Canada & Mexico, we also supply them with huge supplies of refined product. Point, buying cheap, selling expensive. So, while this looks & sounds like a simple problem, tis not. And, the US$ 20 Billion deficit has NOT been adjusted for our profits in refined fuels sales.
Then, we turn around and buy a lot from Venezuela, which they intern supply at very cheap prices to Cuba. Did you see where Chavez was POd to learn that some of the cheap oil he was selling to China, was being sold by China at substantially higher prices, some of it to U.S.? Go figure, that one out & explain it to him or U.S.
Then we buy a lot of Chevron & Shell oil from Nigeria. Who knows how many people are being killed, starved and economically cheated there? But, of course, none of that is our problem.
What you did not mention is the huge shift by fleets, especially city & school bus systems over to NG after the last price surge. That fleet distribution system can easily be expanded. But, as you say, we simply don't do it. Go figure the cost of that to U.S.
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While we agree with your oil addiction argument, we note that once again you do not say WHERE we are buying The Stuff from.
With regard to the two largest suppliers of crude oil to U.S., Canada & Mexico, we also supply them with huge supplies of refined product. Point, buying cheap, selling expensive. So, while this looks & sounds like a simple problem, tis not. And, the US$ 20 Billion deficit has NOT been adjusted for our profits in refined fuels sales.
Then, we turn around and buy a lot from Venezuela, which they intern supply at very cheap prices to Cuba. Did you see where Chavez was POd to learn that some of the cheap oil he was selling to China, was being sold by China at substantially higher prices, some of it to U.S.? Go figure, that one out & explain it to him or U.S.
Then we buy a lot of Chevron & Shell oil from Nigeria. Who knows how many people are being killed, starved and economically cheated there? But, of course, none of that is our problem.
What you did not mention is the huge shift by fleets, especially city & school bus systems over to NG after the last price surge. That fleet distribution system can easily be expanded. But, as you say, we simply don't do it. Go figure the cost of that to U.S.
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US Trade Gap Shrunk in November as Exports Increased
http://www.theatlantic.com/
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US trade deficit narrowed for the third straight month in November
http://www.finfacts.ie/
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Trade Deficit Falls Again
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Census Has It Wrong - Trade Deficit Increased in November
http://seekingalpha.com/
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