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Reply to "What Stocks do you like right now?"

quote:
Originally posted by ThistlinTom:
I believe that the US is producing 10 MM bbls a day and importing only 2.5 MM bbls a day and overall is a net exporter of energy.


Your production number is correct, just recently surpassed the 10 MM bbls per day, but the imports are 8 MM bbls/day. That is the average of the past 4 weeks, which is down about 4% from the same period last year.

You guys need lots of heavy crude, but produce little. Enter Canada, Venezuela and Mexico.
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