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> "but not on producing anything" That's just not accurate. The US produces and exports a wide variety of petroleum based products and lots of oil as well. We
by strictnein 10y ago
> "but not on producing anything"
That's just not accurate. The US produces and exports a wide variety of petroleum based products and lots of oil as well. We import a lot of heavier oil, because we have the capacity to refine it (unlike most nations) and export a lot of the easier to refine stuff.
http://money.cnn.com/2016/06/06/investing/us-oil-exports-increase/ http://money.cnn.com/2016/06/06/investing/us-oil-exports-inc...
https://www.eia.gov/todayinenergy/detail.php?id=25532 https://www.eia.gov/todayinenergy/detail.php?id=25532
And, the US industrial output is at its highest point ever.
https://fred.stlouisfed.org/series/INDPRO https://fred.stlouisfed.org/series/INDPRO
- frozenport 10y agoI think you need to normalize by population to get a sense for how much, we as a people, are producing. https://www.wolframalpha.com/input/?i=(industrial+production+index)%2F(us+population) https://www.wolframalpha.com/input/?i=(industrial+production... Here the story is that our product has peaked around 2000, and has been doing down ever since.
- dsp1234 10y agoExcept that story would not be true, as it clearly goes up, and has a higher peak after 2000.
- frozenport 10y agoYeah around 2007, but this was relatively short lived. At the end of the day the perception that economic output is dropping (slope) is valid if you consider it on a per capita basis. Now I'd you consider that the jobs and profits aren'disturbed equally, you can see why Trump won.