Thursday, September 18, 2014

Imports exports

In 2010 the United States became the world’s largest producer of natural gas and next year will achieve the same with oil. Oil production next year will be 13 million barrels per day but that is below the usage of 20 million so the US will still import the difference. If the government would open the Green River Formation to drilling this deficit would quickly disappear and the US could begin exporting oil to places like China where they could use it instead of coal and reduce their air pollution. The same thing could happen in India and Africa and this would reduce world-wide pollution. Instead of paying out 700 million dollars per day for imports the US could be collecting that amount from imports while at the same time reducing air pollution around the world.

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