Hope for the economy will come with oil exports

There is hope for the economy with the recent energy boom and oil exports. If we can become energy independent, and a net energy exporter, we could recapture wealth and revitalize our economy.

Today, it was announced that record petroleum exports helped close the trade deficit. The gap was narrowed by 20.7 percent to $38.5 billion. The commerce department figures were announced today in Washington D.C.  This is a good sign for the country. Although we are not out of the woods yet, seeing some light is promising.

Stockpiles were reported to have dropped 0.1 percent for the first time in six months. The U.S. met 84 percent of its own energy needs in the first 10 months of 2012, the energy department reported.

Although isolationism is not the answer, if most americans can adopt the attitude of "Buy American First" when it comes to most things, we would narrow the trade deficit even further.


Source: http://www.bloomberg.com/news/2013-02-08/trade-deficit-in-u-s-plunges-on-record-petroleum-exports.html