Skip to comments.Leaked paper: EU wants ‘guaranteed’ access to US oil and gas
Posted on 07/09/2014 11:07:29 PM PDT by Olog-hai
The EU wants the US to lift its restrictions on exporting gas and crude oil as part of ongoing trade talks, according to a leaked European Commission document.
The strategy paper by the EU executive, obtained by the Washington Post, calls for a legally binding commitment guaranteeing the free export of crude oil and gas resources.
EU and US trade officials will hold their sixth round of talks on an ambitious Transatlantic Trade and Investment Partnership (TTIP) in Brussels next week, which officials argue could be worth 100 billion per year, equivalent to an additional 0.5 percent of EU GDP.
Although a trade deal, which negotiators hope to finalize in 2015, would probably scrap most of the remaining tariff barriers between the two blocs, the real value of an agreement would lie in harmonizing regulation and sharing raw materials.
(Excerpt) Read more at euobserver.com ...
So if there were a shortage, we’d have to do without?
Give em all they can buy...after they fight wars, tyrants and are 1st on the scene for every disaster
Blah, blah, blah, “we are the world... we are the children”. F them.
Unless our own douche bag president allows for more drilling, we won’t even for ourselves, the heck will the European trash. Let them go after Russia with their troops.
They can go frack themselves.
They used to love him too. Not so much now, I think.
Just the opposite!!
Almost all nations in the EU are muslim or about to be and the EU needs to be destroyed including the countries that belong to it!
Statist free traders would love to subject the US to all the EU regs...including environment and global warming...which will happen w an EU trade deal
And....there are no provisions to do away with the EU Value Added Tax...which the EU uses to tariff US products entering EU
Also...any EU trade deal will eventually eliminate European car makers from manufacturing in the US. Tariffs are the reason you have foreign auto makers building cars in the US...take away the tariffs and kiss your BMW plant goodbye
Note to all those leftists who claim “free trade is a conservative idea”.....Barack Obama is pushing this deal. This is who you agree with
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It makes little sense to export crude oil if you can make much more on it by exporting refined products. Giving crude to Europe keeps their refineries working and keeps their tax income at the maximum. If they bought an already value-added product and then taxed their consumers would suffer and that would be unpopular there.
The US has already ceded sovereignty through a number of treaties and I suspect we get nothing back for that loss. The GATT and NAFTA mean we can’t control the tariff on incoming goods and it’s difficult to prove and then win a case in a foreign court proving imported items are subsidized. Not all subsidies are obvious. (Secretly using prison labor to produce some of the goods, for example. Or subsidy payments that are not public record.)
is the EU too “green” to mine its own coal, explore for its own gas and oil and burn fossil fuels?
We already refine more than we use and export the surplus.
US refining companies spent many billions of dollars to upgrade so that they could efficiently run on lower cost heavy crude. Exporting the expensive light crude while keeping our refineries running on cheap heavy crude makes a lot of sense.
In the long run, refineries have begun additional expansions to process more domestic light crude. But while that is happening, the feds should not dictate to mineral owners and oil producers who they may sell their product.
Well, no..... There are many many, untold items items involved in trade. To develop harmonized descriptions and definitions that can and are reduced to numbers in a database that can then be valued is a big step toward facilitating trade.
For instance if there is a harmonized agreement on the definition of a widget, left handed, HDPE, the NGO agencies calculating the tariff for goods imported into an african or south american country can fairly affix the value.
Harmony means everybody knows what everything is
Well in med devices they are looking at going the other direction. with a change to the ISO standard and Medical Directive that will have the EU adopting the FDAs versions and guidance. or at least that is the current skinny
Tell them to deal with Russia!
Their green weenies are bigger than our green weenies.
That’s not how the European Union defines it. Look up “tax harmonization” when it comes to them, just for starters.