Is the economy recovering? Imports rise by 2.6% of course led by the increasing cost of oil. America’s wealth being shipped out the country either directly to oil countries or through China as they continue to sell cheap goods to American and use the money to buy more oil! Let’s hope the rise in imports…Read More→
TRADE DEFICIT INCREASES, DAH OIL PRICES ARE HIGHER
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…Read More→
TRADE DEFICIT $300 BILLION BELOW LAST YEAR, COULD THAT BE DUE TO OIL PRICES?
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…Read More→
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