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<blockquote data-quote="klein" data-source="post: 852249" data-attributes="member: 23950"><p><strong>Re: Obamanomics</strong></p><p></p><p><span style="color: #000000">The North African nation sandwiched between Egypt and Tunisia posted a huge trade surplus of $1.45-billion the United States during 2010. That represents a 15.9% improvement over Libya’s $1.25 billion competitive advantage one year earlier.</span></p><p><span style="color: #000000">Libya’s trade advantage over the United States comes down to one word: oil.</span></p><p><span style="color: #000000"></span></p><p><span style="color: #000000">Top US Imports from Libyah</span></p><p><span style="color: #000000"></span></p><p><span style="color: #000000">Libyan exports to the United States rose 10.3% to $2.1 billion for 2010. <strong>Libyan crude oil accounted for over three-quarters of total exports. Including other leading petroleum products, oil-related imports generated about 93% of Libyan shipments to America.</strong> </span></p><ol> <li data-xf-list-type="ol">Crude oil … US$1.6 billion (up 16.6%, 77.6% of total)</li> <li data-xf-list-type="ol">Non-light petroleum oil … $308.4 million (down 10.5%, 14.6% of total)</li> <li data-xf-list-type="ol">Ethylene and other liquefied gases … $92.3 million (up 42.3%, 4.4% of total)</li> <li data-xf-list-type="ol">Urea … $29.9 million (up 128.4%, 1.4% of total)</li> <li data-xf-list-type="ol">Light petroleum oil … $19.2 million (down 48.2%, 0.9% of total)</li> <li data-xf-list-type="ol">Anhydrous ammonia … $7 million (up 29.8%, 0.3% of total)</li> <li data-xf-list-type="ol">Aromatic hydrocarbons … $6.2 million (up from nil, 0.3% of total)</li> <li data-xf-list-type="ol">Petroleum gases (not natural gas) … $6.17 million (up 90.6%, 0.3% of total)</li> <li data-xf-list-type="ol">Aeronautical navigation devices … $17,000 (up from nil, insignificant)</li> <li data-xf-list-type="ol">Substances used in food or drinks … $6,000 (up from nil, insignificant)</li> </ol> <p style="text-align: left"><span style="color: #000000">Still, Libya was able to significantly grow its sales of crude oil to America by a respectable 16.6% for the year. Libyan exports of petroleum gases and liquefied gases were up by 90.6% and 42.3% respectively.</span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"></span></span></p></blockquote><p></p>
[QUOTE="klein, post: 852249, member: 23950"] [B]Re: Obamanomics[/B] [COLOR=#000000]The North African nation sandwiched between Egypt and Tunisia posted a huge trade surplus of $1.45-billion the United States during 2010. That represents a 15.9% improvement over Libya’s $1.25 billion competitive advantage one year earlier. Libya’s trade advantage over the United States comes down to one word: oil. Top US Imports from Libyah Libyan exports to the United States rose 10.3% to $2.1 billion for 2010. [B]Libyan crude oil accounted for over three-quarters of total exports. Including other leading petroleum products, oil-related imports generated about 93% of Libyan shipments to America.[/B] [/COLOR] [LIST=1] [*]Crude oil … US$1.6 billion (up 16.6%, 77.6% of total) [*]Non-light petroleum oil … $308.4 million (down 10.5%, 14.6% of total) [*]Ethylene and other liquefied gases … $92.3 million (up 42.3%, 4.4% of total) [*]Urea … $29.9 million (up 128.4%, 1.4% of total) [*]Light petroleum oil … $19.2 million (down 48.2%, 0.9% of total) [*]Anhydrous ammonia … $7 million (up 29.8%, 0.3% of total) [*]Aromatic hydrocarbons … $6.2 million (up from nil, 0.3% of total) [*]Petroleum gases (not natural gas) … $6.17 million (up 90.6%, 0.3% of total) [*]Aeronautical navigation devices … $17,000 (up from nil, insignificant) [*]Substances used in food or drinks … $6,000 (up from nil, insignificant) [/LIST] [LEFT][COLOR=#000000]Still, Libya was able to significantly grow its sales of crude oil to America by a respectable 16.6% for the year. Libyan exports of petroleum gases and liquefied gases were up by 90.6% and 42.3% respectively. [COLOR=#000000] [/COLOR][/COLOR][/LEFT] [COLOR=#000000][/COLOR] [/QUOTE]
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