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Oil refineries are key to turning crude into petroleum products that can be exported. Exports of gasoline, diesel, distillate, propane and other petroleum products soared to a record 4.3 million barrels a day in December, more than twice the 2.1 million barrels a day of petroleum products that the U.S. imported on average last year, according to the Energy Information Administration. (Associated Press)

U.S. energy giants use crude oil loophole to post record petroleum exports

By Patrice Hill - The Washington Times

With millions more upwardly mobile Chinese buying cars every year, the need for gas is growing, too, creating lines at gas stations requiring traffic directors. China is now the world’s biggest and fastest-growing market for automobiles. (Imaginechina via Associated Press)

China poised to top U.S. as top oil buyer; increased car sales spur jump

By Patrice Hill - The Washington Times