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Keyword: exports

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  • This Deal Could Completely Change North American Energy Dynamics

    05/05/2015 11:41:05 AM PDT · by Opintel · 9 replies
    Oilprice.com ^ | 05-05-2015 | NorthAmericanResources
    The United States is edging towards an historic agreement to swap crude oil with Mexico. The deal is important as it brings some relief to US producers struggling with a light oil glut at home and for Mexican national oil company, Pemex, which is hoping to mix the lighter crude coming out of US shale fields with its heavier blend. However, the arrangement is not just about the relationship between the US and Mexico. It’s also about broader North American energy integration. And critically, many experts see the deal as another crack in the US crude oil export ban. The...
  • Give Congress a Say in Trade Talks

    02/10/2015 4:23:07 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | February 10, 2015 | Congressman Paul Ryan
    Both parties agree we can expand opportunity in our country by expanding American exports. In fact, the U.S. is negotiating a number of important trade agreements right now. And to make sure they’re successful, my colleagues and I have called for Congress to put in place trade promotion authority. TPA, as it’s called, is important for a number of reasons, but for starters it empowers Congress by giving it a real say in the negotiating process. Now, nothing prevents a president from negotiating a trade agreement. But an agreement can take effect only if Congress approves it. So the administration...
  • West Coast port employers: Lockout could be just 5 days away

    02/04/2015 4:00:18 PM PST · by Lucky9teen · 81 replies
    Sun Herald ^ | February 4, 2015 | By JUSTIN PRITCHARD
    LOS ANGELES — Employers could lock out West Coast dockworkers in as few as five days if the two sides do not reach a new contract. That warning came Wednesday from the head of a maritime association who is negotiating a new deal with a union representing longshoremen at 29 ports that handle about $1 trillion in trade annually. Pacific Maritime Association CEO James McKenna said he wanted to avoid a coast-wide port shutdown, but employers wouldn't keep paying workers who aren't moving cargo at their normal rate if the ports become much more gridlocked. He said that could come...
  • Lifting Fed’s Oil Export Ban ‘Would Add 630,000 New Jobs’ and Lower Prices More (Ted Cruz)

    01/14/2015 12:46:32 PM PST · by 2ndDivisionVet · 25 replies
    CNS News ^ | January 14, 2015 | Phil Kerpen
    The politics of the crude exports issue are confused by a lot of irresponsible reporting. Almost every story on the issue asserts that allowing exports would be politically dangerous because it would supposedly raise prices at the pump, but the claim is never credibly sourced. In fact, every single serious study has found precisely the opposite: allowing crude exports would lower prices at the pump. With Senator Ted Cruz leading the charge on an amendment to end the export ban, some reporters will be working even harder to pretend his amendment is dubious or even destructive. But facts matter. The...
  • In Greek tragedy, entrepreneurs triumph

    01/06/2015 5:27:42 AM PST · by Tolerance Sucks Rocks · 16 replies
    The Washingtont Times ^ | January 5, 2015 | Polyxeni Athanasoulia and Nikolia Apostolou
    ATHENS, Greece — In these disastrous economic times, opening a store on tony Voukourestiou Street next to global luxury brands such as Dior and Prada is a goal many Greek fashion designers can only dream about. But despite the crippling financial crisis that has been plaguing Greece for the past six years, 35-year-old Penny Vomva opened a storefront for her designer clothing and accessories company, RIEN, on the boutique-lined thoroughfare last month. Ms. Vomva is delighted, but she also is concerned about the shifting fortunes of the Greek economy. “My line of handmade leather bags costs 180 euros to 450...
  • Energy-related exports keep Texas at top of states for overseas sales

    10/14/2014 11:31:36 AM PDT · by SeekAndFind
  • The Post Obama Recovery Begins Here

    09/13/2014 5:14:39 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 13, 2014 | John Ransom
    If Americans want some cheap fuel for the economy, it would be best to vote GOP this time around because only the GOP has a plan for inexpensive, reliable domestic energy production. Combined with a lifting of restrictions on exportation of unrefined oil, fuel prices could be significantly lower than they are now. And where they are now—lower—has helped the economy greatly in the last month. For years I’ve puzzled over how so many Americans have lost the connection between inexpensive, reliable energy sources and a robust economy. But this month’s retail sales numbers make the connection clear. Retail sales...
  • Israel to Stop Exports of 'Settlement Products' to EU

    08/17/2014 6:09:53 PM PDT · by Eleutheria5 · 16 replies
    Arutz Sheva ^ | 18/8/14 | Elad Benari
    Israel will end its export of poultry and dairy produce to the European Union from Jewish communities beyond the Green Line, Israeli and European officials said on Sunday, according to AFP. The restrictions stem from directives issued by the European Commission in February and affect chicken and milk products from communities in eastern Jerusalem, the Golan Heights and Judea and Samaria. "In keeping with previous decisions, the EU no longer recognized the authority of the veterinary inspections services of Israel to approve the export of poultry and (dairy products), the origin of which are in settlements," a European official told...
  • Obama Dismisses Russia as Country That ‘Doesn’t Make Anything’

    08/04/2014 12:22:01 PM PDT · by jazusamo · 38 replies
    PJ Media ^ | August 4, 2014 | Bridget Johnson
    Except enough exports to be tenth in the world. From a new President Obama interview with The Economist: The Economist: What about the people who are just outright difficult? Russia being the obvious example at the moment. You tried to “reset” with Russia. Angela Merkel spent the whole time telephoning Vladimir Putin. To what extent do you feel let down almost personally by what’s happened? Mr Obama: I don’t feel let down. We had a very productive relationship with President Medvedev. We got a lot of things done that we needed to get done. Russia I think has always had...
  • Costs? US Sales To Russia Hit Record High After Sanctions

    07/05/2014 11:11:33 AM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 07/05/2014 | Tyler Durden
    While it is all too easy to show the massive outperformance of Russian stocks (even after Carney's "sell" recommendation) as evidence that US sanctions were not 'punishing' as the mainstream media might suggest; this week's release of trade data shows the utter farce that the so-called "costs" imposed on Putin actually are. As WSJ reports, despite all the scaremongery and sanctioning, US exports to Russia in May hit $1.2 billion - a record high (up 21% from pre-sanctions). That will certainly teach them!!  As WSJ reports, U.S. efforts to penalize Russia for its actions in Ukraine appear to have done...
  • Sen. Markey: Regulatory oversight jeopardizes gas export approvals

    06/17/2014 5:52:57 AM PDT · by mac_truck
    Fuel Fix ^ | 6/16/2014 | Jennifer A. Dlouhy
    WASHINGTON — A decades-old decision by the Commerce Department to abandon congressionally mandated restrictions on natural gas exports could jeopardize current plans to sell the fossil fuel overseas, Sen. Ed Markey charged Monday. Although Congress passed a law in 1975 directing the government to bar exports of U.S. oil and natural gas, the Commerce Department never got further than crude. And when Commerce formally delegated gas export issues to the then one-year-old Energy Department in 1978, it did so citing a much older 1938 law and the regulations born under it — without any mention of the newer 1975 mandate....
  • U.S. crude exports in April rise to highest level in 15 years {to Canada}

    06/16/2014 9:06:17 AM PDT · by thackney · 13 replies
    Energy Information Administration ^ | JUNE 16, 2014 | Energy Information Administration
    The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years. Exports have increased sharply since the start of 2013 and have exceeded 200,000 b/d in five of the past six months. The increase in crude exports is largely the result of rising U.S. crude production, which was 8.2 million b/d in March. To export crude oil from the United States, a company must obtain a license from the Bureau of Industry and Security (BIS) of the U.S. Department of...
  • Misconceptions feed reluctance to allow export of US crude

    06/01/2014 3:15:49 PM PDT · by thackney · 18 replies
    Oil & Gas Journal ^ | 05/30/2014 | Bob Tippee
    Three misconceptions make US officials reluctant to allow the export of crude oil. They are: · The US will become a net oil exporter · Oil is oil. · Exporting crude would raise the US price of gasoline. Expectations about the country’s becoming a net exporter trigger a strange hoarding reflex. Shouldn’t the US “keep” its oil? Well, no, not if the oil has greater value elsewhere. The US probably won’t become able to produce more oil than it needs, anyway. It remains a net importer of nearly 6 million b/d. Further production gains and consumption cuts probably won’t close...
  • U.S. petroleum product exports to Mexico rise while Mexican crude exports to the U.S. fall

    05/28/2014 8:18:46 AM PDT · by thackney · 10 replies
    Energy Information Administration ^ | 5/28/14 | Energy Information Administration
    The United States imported 850,000 barrels per day (bbl/d) of crude oil from Mexico in 2013, the lowest volume since 1993. In the past decade, U.S. crude oil imports from Mexico fell 47%, primarily as a result of declining production of crude oil in Mexico. Despite the decline, Mexico was the third largest source of crude oil imports to the United States in 2013, behind Canada and Saudi Arabia. Conversely, U.S. exports of petroleum products to Mexico have increased 152% in the past decade. In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline...
  • Natural Gas Boom Is Attracting Manufacturing To The US From Overseas

    05/10/2014 8:14:22 AM PDT · by ckilmer · 27 replies
    ibtimes.com ^ | May 09 2014 3:49 PM | Meagan Clark
    Natural Gas Boom Is Attracting Manufacturing To The US From Overseas To Take Advantage Of Cheaper Fuel, Feedstock By Meagan Clark on May 09 2014 3:49 PM   Siemens Chief Executive Joe Kaeser speaks during a news conference in Berlin, on Ma
  • Walden presses Obama to stop natural gas export delays

    05/08/2014 4:04:18 PM PDT · by Twotone · 2 replies
    Oregon Catalyst ^ | May 8, 2014 | Staff
    With Congressman Greg Walden’s leadership, the House Committee on Energy and Commerce passed a bill last week (H.R. 6) to prevent the Administration from sitting on natural gas export permit applications. The longest pending permit? Nearly 900 days. There are 24 such permits pending approval, including two in Oregon. Where does the rest of Oregon’s congressional delegation stand on the issue of exporting natural gas? We’re going to find out soon enough. Over the last six years, no other industry sector has generated more capital investment and jobs than oil and gas. It isn’t even close. Since the end of...
  • Price of Gas in U.S. Rises as Refiners Export More to Other Countries

    04/22/2014 12:36:23 PM PDT · by Theoria · 120 replies
    WSJ ^ | 21 April 2014 | Nicole Friedman
    Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries. A new pipeline, built to release a glut of crude oil that was stuck in the middle of the country, is now feeding oil to refineries on the Gulf Coast that churn out gasoline and diesel. While these fuels still make their way to the Southeast and the East Coast, growing amounts are being sold to Mexico, the Netherlands, Brazil and other countries. The push into these markets has been spurred by the U.S. oil boom....
  • Opponents of natural-gas exports have it all wrong

    04/05/2014 6:20:53 PM PDT · by thackney · 35 replies
    MarketWatch ^ | April 4, 2014 | Diana Furchtgott-Roth
    Opinion: 4 reasons why exporting natural gas is the right thing for America Americans opposed to the export of U.S. natural gas give many reasons for their position. But almost all of them are wrong. The problem is that people underestimate the amount of this country’s natural gas and the potential effect exports could have on the world market. Russia has swallowed parts of Georgia and Ukraine. No one is proposing that America send soldiers to defend those countries, even though we guaranteed Ukraine’s sovereignty in 1994 under the Budapest Memorandum. Instead, we can help our allies by diminishing Russia’s...
  • The Most Important Exported Good From Every State

    04/03/2014 7:59:39 PM PDT · by blam · 23 replies
    BI ^ | 4-3-2014 | Andy Kiersz
    The Most Important Exported Good From Every Statea Andy KierszApr. 3, 2014, 5:03 PMIn addition to national numbers, the Census Bureau also keeps track of imports and exports for each of the states. This map shows the international export commodity or product from each state with the greatest dollar value in 2013:{?
  • ZUBRIN: The folly of blocking natural-gas exports

    04/01/2014 10:39:49 AM PDT · by thackney · 9 replies
    The Washington Times ^ | 3/31/2014 | Robert Zubrin
    The boom in American natural-gas production during the past several years, and the consequent crash of domestic natural-gas prices, has caused many to call for the liberation of U.S. natural-gas exports. The ongoing Russian invasion of the Crimea and threat to the rest of Ukraine has added still greater urgency to these calls, as the need take action to weaken Russian President Vladimir Putin’s natural-gas stranglehold over Europe has become vital. Despite these economic and national security imperatives, there are still those who maintain that allowing American natural-gas producers to export their product would damage the national interest. According to...
  • Corn Prices Are Popping

    03/31/2014 11:49:53 AM PDT · by blam · 42 replies
    BI ^ | 3-31-2014 | Rob Wile
    Corn Prices Are Popping Rob WileMar. 31, 2014, 12:15 PM    Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010. That's because inventories in the world’s biggest grower and exporter jumped 30 percent from a year earlier. Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said. Analysts surveyed by Bloomberg estimated 93.014 million, on average. Here's how corn reacted to the news:
  • Texas Overtakes California, Leads Nation In Tech Exports

    03/29/2014 10:46:21 AM PDT · by Spktyr · 60 replies
    Surpassing California for the first time, Texas is leading the nation in technology-related exports, according to a new report. State companies that make computers, semiconductors and communications equipment, among other products, exported more than $45 billion in products in 2012, according to the TechAmerica Foundation, a tech industry lobbying firm. That was driven by Texas’ 7 percent growth — about $3 billion — in tech exports from 2011. Tech exports supported nearly 1.5 million jobs nationwide and about 331,000 jobs in Texas, according to the report. California, meanwhile, declined 2.8 percent, to $44.8 billion in technology exports. Technology exports accounted...
  • Texas technology exports exceed California’s numbers

    03/07/2014 1:26:41 PM PST · by SeekAndFind · 8 replies
    Daily Toreador ^ | 03/07/2014 | By Kaitlin Bain
    Texas technology exporters have surpassed the number of exports by California of technology equipment including semiconductors, telecommunications devices and computers. According to the Tech America Foundation Tech Trade in the state 2014 report, Texas has surpassed California in technology exports and technology jobs. Kenny Marchant, Dallas/Fort Worth congressional representative, spoke at a press conference about the topic and his excitement for the reports, according to a U.S. press release. “America’s high-tech sector is an innovation powerhouse and one of the fasting-growing elements of global trade,” he said. “High-tech exports play a crucial role in creating new jobs, growing the most...
  • The Ignorance and Hypocrisy Behind Oil Export Bans

    02/08/2014 7:48:59 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 8, 2014 | Paul Driessen
    US oil and gas production was already declining, when the 1973 Arab oil embargo sent oil and gasoline prices skyrocketing and created block-long lines at gas stations. Increased domestic production could have eased the supply and price crunch, but the 1969 Santa Barbara oil spill had resulted in congressional leasing and drilling moratoriums on federal offshore and onshore lands. Though it voted 50-49 to build the Alaska pipeline, Congress refused to allow more drilling. Instead, it legislated a 55-mph speed limit, mileage standards for vehicles and a ban on exporting domestically produced crude oil. The speed limit was eventually lifted,...
  • China rejects shipments of genetically modified corn

    12/27/2013 4:12:27 PM PST · by gooblah · 53 replies
    The Los Angeles Times ^ | December 27 2013 | Ricardo Lopez
    China rejected two shipments -- almost 546,000 tons -- of U.S. dried distillers' grain, a corn byproduct, because it contained genetically modified material, state media reported Friday.
  • USDA will not take action in case of GMO alfalfa contamination

    09/23/2013 8:17:27 AM PDT · by opentalk · 31 replies
    Reuters ^ | September 17, 2013 | Carey Gillam
    The detection of a small amount of genetically modified material in a Washington state farmer's non-GMO alfalfa crop constitutes a "commercial issue" only and does not warrant any government action, the U.S. Department of Agriculture said on Tuesday. The Washington state farmer had complained in late August to state agricultural officials that his alfalfa hay had been rejected for export sale because of the presence of a genetically modified trait that makes the crop resistant to herbicide. The event triggered a wave of concern from consumer and agricultural groups who have fought the government for nearly a decade to keep...
  • Commentary: US natural gas exports hit series of roadblocks

    09/17/2013 11:00:07 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | September 16, 2013 | Michael Economides
    This week that the Department of Energy (DOE) tentatively approved a fourth non-FTA permit to export liquefied natural gas (LNG). Secretary Moniz is credited with improving the speed with which his Department has moved on exports, having approved three permits in his short tenure compared to one under his predecessor. The Department of Energy’s approval of non-FTA permits is just the first step in the process of bringing U.S. natural gas to the world market, so a lot is riding on its approval stamp. Without the DOE’s approval, U.S. natural gas exports – and the important economic benefits – will...
  • The U.S. Export-Import Bank: Playing With Your Money Overseas

    06/21/2013 1:44:40 PM PDT · by thetallguy24 · 1 replies
    Hardhatters ^ | 06/21/2013 | Hal Hawkins
    We have covered several areas concerning corporate welfare or cronyism; however, our areas of research were limited to the State of Texas. Unfortunately, Texas is not the only government that suffers systematically from this problem. The Federal government does as well, and there is little question as to whether or not it exists. The real question is, “How much of it exists?”Our Founding Fathers feared corruption caused by foreign interests. Being a relatively new nation, they believed we were vulnerable to countries like Great Britain who would try to usurp power. One of the reasons our first national bank, the...
  • LNG Exports – First Mover or Laggard?

    06/19/2013 2:12:28 PM PDT · by thackney · 8 replies
    Fuel Fix ^ | June 18, 2013 | William O'Keefe
    The American shale gas revolution has led to a strong and growing interest in liquefied natural gas (LNG) exports as a result of domestic supply far outstripping domestic demand, coupled with strong international demand. Current U.S. policy requires Department of Energy (DOE) approval for exports to countries with which the US does not have free trade agreements, based on the sole criteria of whether a requested permit to export would be in the public interest. This week, the process by which the Department evaluates permits to export LNG was analyzed in earnest by the House Energy & Commerce Committee’s Subcommittee...
  • Exxon CEO says delays in gas export permits hurt U.S.

    06/13/2013 4:32:29 PM PDT · by Red in Blue PA · 5 replies
    WASHINGTON (Reuters) - Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp (XOM.N) said on Thursday. The comments by Exxon's Rex Tillerson came hours after new U.S. Energy Secretary Ernest Moniz told lawmakers he hopes to "expeditiously" begin evaluating the more than a dozen applications awaiting approval to export liquefied natural gas (LNG). "It's a very competitive marketplace. It's not like people are just going to stand at our door like panting...
  • US genetically modified wheat stokes fears, Japan cancels tender

    05/31/2013 8:44:34 AM PDT · by opentalk · 125 replies
    Reuters ^ | May 30, 2013 | Naveen Thukral and Risa Maeda
    - A strain of genetically modified wheat found in the United States fuelled concerns over food supplies across Asia on Thursday, with major importer Japan cancelling a tender offer to buy U.S. grain. Other top Asian wheat importers South Korea, China and the Philippines said they were closely monitoring the situation after the U.S. government found genetically engineered wheat sprouting on a farm in the state of Oregon. The strain was never approved for sale or consumption. Asian consumers are keenly sensitive to gene-altered food, with few countries allowing imports of such cereals for human consumption. However, most of the...
  • Opposed to Drilling, Fracking, Keystone…and Exports

    04/27/2013 11:56:42 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | April 27, 2013 | Paul Driessen
    The interminable war on drilling, fracking and the Keystone XL pipeline has taken some bizarre turns. Now it’s getting worse, as opponents grow more desperate, and the moon again grows full. Deep water drilling, 3-D and 4-D seismic (the ability to visualize 3-D over many years), deep horizon horizontal drilling and hydraulic fracturing, and other technological marvels have obliterated environmentalist claims that the United States and world are running out of oil and gas – and therefore we need to switch to subsidized, land-hungry, job-killing wind turbines, solar panels and biofuels. Thanks to free enterprise innovation on state and public...
  • Kerry trying to build support for new Israel peace talks

    04/08/2013 10:37:50 AM PDT · by haffast · 14 replies
    Washington Post ^ | Updated: Monday, April 8, 12:55 PM | Anne Gearan
    JERUSALEM — Secretary of State John F. Kerry worked Monday to build support for new Arab-Israeli peace talks that would establish an independent Palestinian state and settle many other old Mideast grievances. The Obama administration hopes to prod Israel and the Palestinians to return to talks, and to use a comprehensive regional peace plan written a decade ago by Arab leaders as a template, U.S. and other officials said. Israel has never agreed to the Arab League plan, and several of the countries that once signed it are now under new leadership. Putting it back on the table is meant...
  • Iran's Revenues from Oil Exports Dropped by 45%

    01/07/2013 3:09:55 PM PST · by Eleutheria5 · 6 replies
    Arutz Sheva ^ | 7/1/13
    Iran's revenues from their oil and gas exports have dropped by 45% due to international sanctions, a senior lawmaker said...
  • Vitter wants answers on Brazil drilling loan; Paul wanted answers too

    03/22/2011 2:19:36 PM PDT · by Crush · 31 replies
    The US Report ^ | 22 March 2011 | Kay Day
    Sen. David Vitter (R-La.) wants answers from the US taxpayer supported Export-Import bank about a $2 billion loan to Brazil for offshore drilling. Vitter’s home state is suffering under a moratorium imposed by President Barack Obama. Vitter said Louisianians “are frustrated” and he wants to know “why permitting domestically is nearly stalled…” Rep. Ron Paul (R-Texas) had questions about ExIM—nine years ago when he asked Congress to reject the reauthorization of ExIm for “economic, constitutional and moral reasons.” Vitter sent a letter to Fred Hochberg, Ex-Im president, on March 17. Vitter asked Hochberg to identify all US companies that have...
  • India, the fastest growing market for future US Exporters

    12/11/2012 1:52:14 PM PST · by entropy12 · 7 replies
    Market Watch ^ | 11/14/2012 | Deborah Stokes
    India will be the fastest-growing market, with exports to the South Asian nation expanding at an annual rate of 12% between 2016 and 2020, and staying in the double digits beyond then. Vietnam is another strong future trading partner for the United States, with double-digit annualized trade growth forecast over the next five to 15 years. Other promising new markets in the future include Indonesia, Egypt, Turkey, Mexico and Poland.
  • Exports drop in October by biggest margin in almost four years

    12/11/2012 8:31:09 AM PST · by chessplayer · 7 replies
    “The private sector is doing fine,” Barack Obama assured us in June, but we haven’t seen much evidence for that argument. Today’s report from Commerce on the trade deficit certainly doesn’t provide any reassurance for that claim. In fact, exports dropped in October by the biggest margin since Obama took office, and the trade gap with China widened to a new record:
  • VANITY: Obama’s Claim to Double exports- US Department of Commerce's numbers show the lie.

    10/17/2012 3:10:17 PM PDT · by NoLibZone · 6 replies
    bea.gov US Department of Commerce ^ | Oct 17 2012 | Vanity by NLZ
    Screen snap of the excel sheet sated Oct 11 2012 from US Department of Commerce:
  • FedEx CEO: Observers 'Completely Underestimate' What The Export Slowdown Is Doing To China

    09/18/2012 6:54:22 PM PDT · by blam · 22 replies
    TBI ^ | 9-18-2012 | Joe Weisenthal
    FedEx CEO: I'm Amused Watching Observers 'Completely Underestimate' What The Export Slowdown Is Doing To China Joe WeisenthalSep. 18, 2012, 4:51 PMEarlier today, FedEx reported weak guidance on slowing global growth. Its stock ended down about 3%, and the transport stocks were generally big laggards. Because FedEx is considered to be such a bellweather for economic activity, its earnings are closely watched by a broad range of folks, not just FedEx investors. In that light, the comments by CEO Fred Smith on the company's call are fascinating (via Cullen Roche). First is his comment about the global economic situation: global...
  • Cuba gets first maritime shipment from Miami in 50 years

    07/13/2012 2:08:01 PM PDT · by Lorianne · 9 replies
    Reuters ^ | 13 July 2012
    A small cargo ship sailed into Havana Bay on Friday with the first maritime shipment from Miami to Cuba in 50 years. The Ana Cecilia carried just one container filled with food and other items, but it was the beginning of what shipper International Port Corp hopes will be a weekly service linking the United States and Cuba, longtime ideological foes. There are other shipping services between the two countries, but none linking Miami, center of the Cuban exile community in the United States and opposition to Cuba's communist government, to Havana. The company was granted a license by the...
  • The Foolish Policy of Exporting Natural Gas

    04/18/2012 12:39:09 PM PDT · by Errant · 15 replies
    The Market Oracle ^ | April 18, 2012 | BATR
    The lack of a government policy that promotes domestic energy independence in the United States is a tragic consequence of playing politics for decades. The current rage is the natural gas boom that offers the alternative of producing a plentiful and inexpensive source of fuel. Economic prosperity rests upon cheap and reliable power and natural gas offers the best option.
  • Exports Critical For Michigan's Recovery

    03/07/2012 2:25:38 PM PST · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 3/4/2012 | Tom Gantert
    The state of Michigan set a record for exports in 2011, a sign that the state’s economy is recovering, according to one manufacturing industry advocate. Michigan exported $50.8 billion in exports last year, a $6 billion increase over 2010, according to data from the U.S. Department of Commerce. The biggest winner was exports of transportation equipment, which increased by $3 billion and was up 13.8 percent from 2010 to 2011. “Exports are a critical part of Michigan’s economy,” said Mike Johnston, vice president of Global Affairs for the Michigan Manufacturers Association. “Our market is not down the street or around...
  • Humpty Dumpty Goes Banking

    02/20/2012 9:39:57 AM PST · by jfd1776 · 3 replies
    Illinois Review ^ | February 20, 2012 A.D. | John F. Di Leo
    A President Dares Us Once Again. In Lewis Carroll’s classic children’s story, “Alice in Wonderland,” young Alice is wandering through that magical fantasyland when she encounters a talking egg, which confused her by sprinkling clearly-misused words into the conversation. When she called him on it, Humpty Dumpty assumed his most arrogant pose and declared "When I use a word, it means just what I chose it to mean – neither more nor less." How dare the girl call him on his abuse of language?! If he wanted to use a word to mean something it had never meant before, and...
  • The Run On Europe Begins, As Global Investors Head For The Hills...

    11/20/2011 7:06:00 AM PST · by blam · 24 replies · 1+ views
    TBI ^ | 11-20-2011 | Henry Blodget
    The Run On Europe Begins, As Global Investors Head For The Hills... Henry Blodget Nov. 20, 2011, 9:11 AM Until recently, the concern about Europe was mostly theoretical--a potential train-wreck that would occur if/when the world's lenders decided that the continent's problems extended beyond the basket case known as Greece to Europe's "core" and starting pulling back. Well, that concern is no longer theoretical. It's happening. The world's lenders are increasingly deciding that it's better to be safe than sorry, and they're pulling their money out of Europe As a result, the borrowing costs of many European countries are rising...
  • Time To Stock Up: The Price Of Peanut Butter Is Set To Soar 40% In The Next Two Weeks

    10/18/2011 4:52:02 PM PDT · by blam · 28 replies
    SHTF Plan ^ | 10-18-2011 | Mac Slavo
    <p>Another hot, dry summer has devastated this year’s peanut crop, sending prices for the legume skyrocketing and forcing peanut-butter brands including J.M. Smucker Co.’s Jif, Unilever NV’s Skippy and ConAgra Foods Inc.’s Peter Pan into startling price increases.</p> <p>Wholesale prices for big-selling Jif are going up 30% starting in November, while Peter Pan will raise prices as much as 24% in a couple weeks. Unilever wouldn’t comment on its pricing plans, but a spokesman for Wegmans Food Markets, the closely held supermarket chain in the Northeast U.S., said wholesale prices for all brands it carries, including Skippy, are 30% to 35% higher than a year ago.</p>
  • Xerox CEO, an Obama appointee, may send jobs to Indian firm

    08/09/2011 8:05:53 AM PDT · by george76 · 8 replies
    Computerworld ^ | May 23, 2011 | Patrick Thibodeau
    Xerox, whose CEO, Ursula Burns, is advising President Obama on exports, last week told its product engineering employees that it is in outsourcing talks with India-based IT services firm HCL Technologies... Burns was appointed last year as vice chairwoman of the President's Export Council, a panel of CEOs advising the Obama administration on how to increase exports, which would lead to an increase in domestic jobs... Burns is outspoken on the need to improve the pool of math and science graduates in U.S. schools. In a recent video interview on CNN, she warned that if graduation rates in these areas...
  • Export of shale gas angers Western Pennsylvania landowners

    06/13/2011 8:17:47 PM PDT · by Ditto · 70 replies
    Pittsburgh Tribune Review ^ | June 13, 2011 | Timothy Puko
    Natural gas pipeline companies have been Dorothy Ganiear's neighbor in Greene County for as long as she can remember. Pipelines from two companies poke out from the ground in twisting interchanges just over a grassy hillside from her family's 100-acre farm, but noise or accidents never have been a problem, Ganiear said. So when Virginia-based Dominion Resources Inc. offered her money this year to allow the company to run another pipeline under a corner of her Morgan Township property, Ganiear, 61, was happy to help. This is what we all have to live with in order to get the natural...
  • 40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy

    06/01/2011 12:15:04 AM PDT · by GonzoII · 74 replies
    American Dream ^ | May 31 2011
    40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy It is time to face the truth. The Chinese economy is simply beating the living daylights out of the U.S. economy. Whether you want to call it a rout, a slaughter or a thrashing, the reality is that the Chinese are absolutely embarrassing America on the global economic stage. At this point, the Chinese are playing economic chess while the Americans are playing economic checkers. China is poised to blow past the United States and become the largest economy in the world. Not only that,...
  • Chinese Exporters Going Down, Western Importers Ambushed

    02/14/2011 7:13:30 PM PST · by blam · 87 replies
    Wall Street Examiner ^ | 2-14-2011 | Russ Winter
    Chinese Exporters Going Down, Western Importers Ambushed February 14, 2011 By Russ Winter “An empty stomach is not a good political adviser.” -Albert Einstein At long last the mainstream media and Chinese advisories are picking up on the China export bust story that I have warned about for months. The New York Times ran this economic story of the decade last week, while infomercial commentators like CNBC and Bloomberg are sleeping through this bust. The twist on the story is that Chinese suppliers are in a triple world of hurt. American buyers resisted attempts to pass on price increases of...
  • U.S. Ends High-tech Export Restrictions to India

    02/06/2011 4:05:25 PM PST · by ErnstStavroBlofeld · 24 replies
    Wharton Aerospace ^ | 2/4/2011 | Wharton Aerospace
    India has now come full circle — from a nation that was under a high-tech embargo for its nuclear weapons program to one receiving an invitation to join a group of nations that regulate export controls. President Barak Obama says the United States is ending its export restrictions on technology that could be used by India's defense and space industries, according to an article in the AFP. "These actions will open important new opportunities for our companies and governments on cooperating in the defense and space areas," said Robert Blake, the assistant secretary of state for South Asia. These are...