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United States Oil ETF Message Board

  • lowhangingsac lowhangingsac Feb 8, 2013 10:00 AM Flag

    trade deficit

    looks like the trade deficit is shrinking due to our EXPORTING of oil and refined products....this is unbelieveable....there is now more storage to hoard oil here so they have taken to sending any place that will take it,,,,what i find very interesting about the trade data....China reported a December trade surplus with the US of $18.7 billion, while the US just reported a Chinese trade deficit of $24.5 billion???the banks are losing control of the news....the numbers just don't add up anymore....look at diesel consumption in china up 1.5% yoy while they claim the economy grew 9-10%??Electricity usage tells the same story....The banks can not find anyplace to store oil anymore here so it is being sent to other countries so they can store it...

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