Interesting and makes you wonder
General Topic
I was bored and came across this site show US imports and exports and I am really scratching my head at the results. Please explain if the US makes most of its money off of oil then why are we going green? What are we going to export in terms of green energy? WTF is really going on and wow it seems we are going in reverse with those numbers. I’m just trying to figure out everything going on and I must be missing something here. No this has nothing to do with bows but everything to do with our lives. What’s your thoughts?
Here something for you to ponder also... why does it matter? I have no idea..
Manufacturing by Country 2024
China – 28.4%
United States – 16.6%
Japan – 7.2%
Germany – 5.8%
India – 3.3%
South Korea – 3.0%
Italy – 2.3%
France – 1.9%
Interesting we are billions and billions negative in exports but yet somehow the market is booming and everything is all roses and lollipops. Wow we are getting worse than North Korea with media propaganda.
Why does it matter if we import more than we export?
Bluedog why does it matter? Let’s see our number one export is petroleum and our government wants to go green. My question is why? Will it crush us economically? What is the REAL reason? But apparently none of you libs care do you.
"But apparently none of you libs care do you."
Go fk yourself .... cordially yours... end of discussion..apparently LOL
Bluedog I’m assuming that we take in money when we export geez
Bluedog yup theirs the usual Lib violent outburst lol. You are all demented.
Bluewacko, if you read my first post I was asking for an answer to my question in which I figured all is Americans might also want to know but thanks for showing your true demonic colors and for proving you don’t give an F about this country.
Oh and keep on investing in Zuckerberg he thanks you.
"But apparently none of you libs care do you."
More likely they understand something you don't - like the difference between imports and exports. When the U.S. produces oil domestically and sells it outside the U.S., that is called an EXPORT. If the U.S. goes green and reduces domestic oil consumption, that would increase the amount of domestically-produced oil available for EXPORT and/or reduce the amount of oil the U.S. would need to IMPORT (the U.S. is a net importer of oil).
GROWTH In November 2023, the decrease in United States's year-by-year exports was explained primarily by an decrease in exports to China ($-1.67B or -10.7%), Switzerland ($-1.63B or -53.3%), and India ($-1.08B or -26.1%), and product exports decrease in Gold ($-1.96B or -60.2%), Soybeans ($-1.63B or -29.1%), and Petroleum Gas ($-1.21B or -17.3%). In November 2023, the decrease in United States's year-by-year imports was explained primarily by an decrease in imports from China ($-1.38B or -3.75%), Ireland ($-1.15B or -16.5%), and Germany ($-893M or -6.68%), and product imports decrease in Refined Petroleum ($-1.76B or -28.3%), Nitrogen Heterocyclic Compounds ($-1.11B or -69.4%), and Petroleum Gas ($-855M or -46.2%).
The economy is booming under Bidenomics and stocks cranking time for celebration!!!
Matt it’s kind of hard to export oil to countries that are all going green ie Europe, Canada, etc. I’m not saying I’m not wrong on anything I’m asking for answers as apparently this government just throws lies out there you know like Iraq and WMDs that type of thing.
Keep in mind that China has to import in order to manufacturer.
There's also the pesky fact that oil is not an infinite resource. As the world's largest consumer of oil, I've always felt the US's policy of burning up other country's reserves before our own was prudent in the long run.
GG you are correct which is one reason why I asked if our number one export is petroleum then what is the game plan if we get rid of it and go green? My second question is why is the media reporting a great economy and GDP when in 2023 we are negative billions in exports and imports?
What happened to Bluedog? Is he in his safe space dying his hair blue while wearing his N95?
"Matt it’s kind of hard to export oil to countries that are all going green ie Europe, Canada, etc."
You can research global petroleum consumption and get a laugh about how misguided your thoughts are on the impact of the world "going green".
I think the premise here is; What happens to countries that don’t export and they rely on other countries for everything?
I think thats a good question.
A quick look at countries that are currently in that situation- Spain, Portugal, Italy, etc- reveals that they are collapsing from their own weight
"GG you are correct which is one reason why I asked if our number one export is petroleum then what is the game plan if we get rid of it and go green?"
Maybe it's my simple country boy way of thinking, but in my opinion the country that conserves its vital finite resources the longest will ultimately be the winner. Going green would do that. It would make our most valuable asset to the rest of the world (oil reserves) even more valuable. I look at it this way. If the economic shit ever really hit the fan, who would be better off? The guy who can harvest his own food, water, and energy off of his own land, or the guy living in the city who would be dependent on others for those resources?
Matt
Beendare, appreciate your thoughts regarding my question "Why does it matter?"
You can research global petroleum consumption and get a laugh about how misguided your thoughts are on the impact of the world "going green".
Matt, these are my thoughts due to what THEY want. I’m not misguided I’m asking why would the countries want green if oil makes money and if this is the case how will we make money going forward unless more EVs equals less gas consumption which equals higher prices idk.
I think the premise here is; What happens to countries that don’t export and they rely on other countries for everything?
The answer is…it depends. It’s not necessarily a bad thing.
Matt, these are my thoughts due to what THEY want
What people want doesn’t matter nearly as much as what people actually do.
bigeasygator's Link
And lastly on the trade balance, I think Uncle Milt says it best. Sending out more than you’re getting back is not a good thing.
One more time from Uncle Milt for the people in the back.
Don't know much about macro economics but I always liked John Maynard Keynes... what a cool name! ;)
What people want doesn’t matter nearly as much as what people actually do.
BEG here in MA we are going to ban gas cars in 2035 and in CA same thing so it looks like they ARE doing.
BEG here in MA we are going to ban gas cars in 2035
No, places like MA and CA are phasing out the purchase of new gas vehicles within their state. That’s drastically different than saying they are banning gas cars.
Omg splitting hairs are we I apologize for not wording it exact.
I’m going to put this here because I found it fascinating. No political commentary- just a grocery run.
Tucker Carlson did a grocery shopping in Russia and think many would be surprised, 3 min video
Here in the US we have out of control inflation but yet RECORD profits imagine that.
Here in the US we have out of control inflation
You and I have a very different definition of out of control inflation.
JPMorgan Chase and Blackrock just dropped out of the massive UN climate alliance. We have wasted trillions trying to force people to go to electric cars when we should let the market decide. If Government feels it needs to get involved they should bring back pharmaceuticals manufacturing to Puerto Rico and the states so we are not affected if Asia stops supplying.
So BEG...you say it's not necessarily a bad thing to rely on every other country.....Please justify that statement.
Lets think about it for a second; What happens we get a scenario where China/Taiwan says; No more Semiconductor chips to the US? So much of what we use has chips. We would be screwed
I don't see how you can make the comment that being reliant on everyone else for everything is a good thing.....
I don't see how you can make the comment that being reliant on everyone else for everything is a good thing.....
That’s not what I said, or that’s not what I meant to say anyway. We are no where close to “reliant on everyone else for everything.” So the question I was speaking to is what does it mean when you are a net importer, and that’s what I was referencing as not being a bad thing.
As Uncle Milt said there is a perception that a favorable balance of trade is when we export more than we import. But the reality is that means from a consumptive perspective we are sending out more than we’re getting back. Who in their right mind thinks it’s favorable to send out more goods and services than you get back? As he’s said before, the “gains from trade” come from being a net importer, not the other way around.
There are layers of complexity to this and it’s important to understand the nature of the goods we are exporting and importing and the national security concerns which extend beyond pure economics. But from an economic perspective, a trade deficit is by no means a bad thing.
bigeasygator's Link
In the international trade area, the language is almost always about how we must export, and what’s really good is an industry that produces exports, and if we buy from abroad and import, that’s bad. But surely that’s upside-down. What we send abroad, we can’t eat, we can’t wear, we can’t use for our houses. The goods and services we send abroad, are goods and services not available to us. On the other hand, the goods and services we import, they provide us with TV sets we can watch, with automobiles we can drive, with all sorts of nice things for us to use.
The gain from foreign trade is what we import. What we export is a cost of getting those imports. And the proper objective for a nation as Adam Smith put it, is to arrange things so that we get as large a volume of imports as possible, for as small a volume of exports as possible.
Milton Friedman
The linked article sums this up pretty succinctly. A trade deficit in reality is a “goods and services surplus.” You can apply that logic to your chips example, economically speaking. Sure we can manufacture more here and import less, but it’s going to cost us more and no doubt the goods surplus that we benefit from will shrink.
"I think the premise here is; What happens to countries that don’t export and they rely on other countries for everything?
The answer is…it depends. It’s not necessarily a bad thing."
Let's see how well China is doing in 2033...
As for the banning of the ICE (gasoline cars), that is the intent with the banning of new sales. Same kid, different costume over top.
