Tuesday, July 15, 2008

Oil as a Percent of the Trade Deficit

Another interesting chart from The Economist.



Didn't realize oil was nearly half our trade deficit.
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2 comments:

  1. Unknown4:59 AM

    I'm sure it could be more than half of the trade deficit if we could just get rid of that pesky gas tax. At least for now, some of that money that we pay for gas is staying in this country to go towards improving, or at least trying to maintain our transportation infrastructure which of course provides jobs. That money stays in our economy.

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  2. Anonymous6:01 PM

    Drill, drill now

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