Keyword: exports

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  • German hopes of export boom to Iran frustrated

    08/09/2016 11:17:36 AM PDT · by Olog-hai · 6 replies
    TheLocal.de ^ | 09 Aug 2016 09:08 GMT+02:00 | AFP
    A hoped-for export bonanza has failed to materialize a year after a deal to lift international sanctions against Iran over its nuclear program, a German industry association told AFP Monday. ďDespite increased foreign trade, there is a certain disillusionment,Ē Volker Treier, chief economist at the German Chambers of Commerce and Industry (DIHK), said. German exports to Iran had increased 11 percent in the first four months of 2016 to Ä890 million, and likely stood at over Ä1 billion in the first six months, Treier said. That leaves a lot of ground to make up if firms are to match DIHK...
  • Decades-old $1.2B Back Bill for Iranian Oil Comes Back to Haunt Israel

    08/08/2016 8:40:42 AM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 08-08-2016 | Irina
    An arbitration court has ordered Israeli-held Trans-Asiatic Oil (TAO) to pay US$1.2 billion to Iran for oil that the National Iranian Oil Company (NIOC) had delivered to Israel before the 1979 Islamic Revolution, the online edition of Israelís Haaretz reported on Monday. Lausanne-based Swiss Supreme Court has ruled in favor of Iran in the case which Israel had appealed. In May 2015, Israel said it was refusing to comply with an order by a Swiss court that it pay US$1.1 billion to NIOC. The complex dispute stems from 1968, when Shah Reza Pahlavi ruled Iran. The Eilat Ashkelon Pipeline Co....
  • Libyaís Oil Exports Could To Go To 0 bpd Within One Month

    05/10/2016 11:57:07 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | Libya oil
    Libyan officials attached to the government in Tripoli are warning that the country will have to halt the majority of its output from southeastern fields within a monthís time as the Hariga port remains under blockade over an export dispute between rival governments. Fields in the south-east which provide the majority of the Libyan oil output will be shut down in a month unless blockade on the Mediterranean Sea terminal Marsa el-Hariga if lifted, officials in Tripoli have warned on Tuesday. Factions loyal to the eastern government in Tobruk, and the parallel National Oil Company in Benghazi, have been in...
  • U.S. trade deficit widens as exports hit 5-1/2-year low

    03/22/2016 6:09:06 PM PDT · by george76 · 12 replies
    Reuters ^ | 4 March 2016 | Lucia Mutikani
    The U.S. trade deficit widened more than expected in January as a strong dollar and weak global demand helped to push exports to a more than 5-1/2-year low, suggesting trade will continue to weigh on economic growth in the first quarter. The Commerce Department said on Friday the trade gap increased 2.2 percent to $45.7 billion. December's trade deficit was revised up to $44.7 billion from the previously reported $43.4 billion. Exports have declined for four straight months. Economists polled by Reuters had forecast the trade deficit widening to $44.0 billion in January. When adjusted for inflation, the deficit increased...
  • Yes, Donald Trump, Chevys are a rare sight in Japan, but why?

    02/27/2016 1:22:12 PM PST · by sushiman · 30 replies
    Politifact ^ | 11/27/15 | Katie Sanders
    TOKYO ó Billionaire businessman Donald Trumpís presidential campaign hinges on Americans who share Trumpís assessment that the United States is losing all over the world. In Mexico, weíre outsmarted on the border. In China, itís trade and currency manipulation. In the Middle East, itís the terrorist masterminds of ISIS.
  • Federal Reserve Chair Yellen Grilled About Negative Interest Rates By Congress

    02/17/2016 9:41:33 AM PST · by SeekAndFind · 37 replies
    International Business Times ^ | 02/17/2016 | Owen Davis
    Federal Reserve Chairwoman Janet Yellen faced what may have seemed like an absurd line of questioning†on Capitol Hill†this week: Has the Fed considered negative interest rates?†It's not a fantasy. At central banks around the world,†negative benchmark interest rates have become the new normal, leading to some unusual paradoxes. In Denmark, instead of paying interest on their mortgages, many borrowers have been receiving†payments from banks on their home loans. On the flip†side, some Swiss†bank†customers†have had to pay banks to keep cash in savings accounts.†Yellen told Congress Thursday, following negative moves by central banks in Europe and elsewhere, the Fed has...
  • Oil-rich Venezuela is now importing U.S. oil

    02/07/2016 6:36:37 PM PST · by doldrumsforgop · 37 replies
    cnn money ^ | 2/3/16 | Patrick Gillespie
    Venezuela has more oil than any other country on the planet. But it just bought a bunch of American crude. A ship carrying half a million barrels of oil that was pumped in the U.S. docked at a terminal owned by Venezuela last week, according to oil data research firm ClipperData. The shipment was sent to a facility located on the Dutch island of Curacao in the Caribbean. The fact that Venezuela is importing American oil is raising eyebrows because Venezuela has 298 billion barrels of proven oil reserves, according to the Energy Information Administration. That's more than Saudi Arabia,...
  • This Could Be A Big Setback For Iran‚Äôs Oil Export Plans

    02/01/2016 11:42:48 AM PST · by bananaman22 · 4 replies
    Oilprice.com ^ | 01-02-2016 | Fred
    Short but potentially very important note for the oil market over the weekend. From a place that‚Äôs been one of the major focus points for the petroleum industry lately. That‚Äôs Iran. Where the threat of rising oil exports has been weighing on crude prices now that Western sanctions against the former ‚Äúrogue‚ÄĚ nation are being lifted. That has led many analysts to conclude that supplies from Iran could ramp up fast over the coming months. But events this past Saturday suggest it may not be quite that easy.
  • A Russian Gas Embargo Against Turkey Could Be An Opportunity For The United States

    12/21/2015 12:55:28 PM PST · by Marcus · 10 replies
    Capitalist Review ^ | December 21, 2015 | Mark R. Whittington
    A recent op-ed in the Observer notes the progress of Russia’s economic war against Turkey in the wake of the Turkish shoot-down of a Russia jet fighter. The short version is that Russia is inflicting significant pain on Turkey. Russia has slowed down the construction of nuclear power plants that Turkey is relying on to provide electricity. The Russians have also stopped importing Turkish fruits and vegetables, a $4 billion hit to Turkey’s export revenues. Russia has also curtailed travel to Turkey by its citizens. All this may just be the opening shot in an economic campaign that could cripple...
  • Will the GOP trade wind and solar subsidies to lift the crude oil export ban?

    12/12/2015 2:15:20 PM PST · by Kaslin · 3 replies
    Hot Air.com ^ | December 12, 2015 | JAZZ SHAW
    A long-time goal for many energy minded conservatives may finally be on the horizon this week as congress considers lifting the more than forty year old ban on crude oil exports as part of the next spending bill. This would be great news for jobs and the economy, not to mention giving us some leverage to help out our allies who currently rely on Russian and middle eastern suppliers. Unfortunately, such a boon still requires help from at least some of the Democrats and their attitude is less than positive. The Hill was interviewing a few of them on Thursday...
  • How Turkey Exports ISIS Oil To The World: The Scientific Evidence

    11/27/2015 12:40:07 PM PST · by Nachum · 20 replies
    zero hedge ^ | 11/27/15 | tyler durden
    Over the course of the last four or so weeks, the media has paid quite a bit of attention to Islamic State‚Äôs lucrative trade in ‚Äústolen‚ÄĚ crude.†On November 16, in a highly publicized effort, US warplanes destroyed 116 ISIS oil trucks in Syria. 45 minutes prior, leaflets were dropped advising drivers (who Washington is absolutely sure are not ISIS members themselves) to ‚Äúget out of [their] trucks and run away.‚Ä̆The peculiar thing about the US strikes is that it took The Pentagon nearly 14 months to figure out that the most effective way to cripple Islamic State‚Äôs oil trade is...
  • Saudis Planning For A War Of Attrition In Europe With Russia‚Äôs Oil Industry

    11/16/2015 7:34:10 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 16-11-2015 | rus
    Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn. The result is a heavier discount for Russia’s crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a discount to Brent of around $2 or less. But the discount has widened to $3.50 lately due to increased competition...
  • Canada's new, liberal Prime Minister immediately moves to cripple their energy industry

    11/15/2015 9:46:56 AM PST · by Kaslin · 23 replies
    Hot Air.com ^ | November 15, 2015 | JAZZ SHAW
    Well, that didn't take long at all. When Canadians went to the polls and kicked out the nasty conservatives in favor of an all liberal, all the time government, we were pretty sure there were some big changes coming. Among them were, no doubt, plans to fight carbon and save the planet, which is as hot of a topic among Canadian liberals as it is in the lower 48. That expectation was met quite rapidly with Justin Trudeau's announcement that he was getting ready to ban (wait for it) oil tankers off the west coast. (Yahoo News) Campaign promises often...
  • End of the road for oil exports on highway bill

    11/04/2015 5:25:38 AM PST · by thackney · 3 replies
    Fuel Fix ^ | November 4, 2015 | Jennifer A. Dlouhy
    A bid by oil export advocates to tether the trade issue to a federal highway bill has hit a dead end. Oil producers and their allies in Congress had hoped to use the highway bill as a vehicle for unrelated provisions lifting the 40-year-old ban on U.S. crude exports. But the House Rules Committee opted not to make any oil export amendments in order during the chamber’s upcoming debate on that highway measure this week. Dozens of amendments were blessed by the committee, which will allow them to be considered for possible inclusion in the highway bill, but neither of...
  • More Iranian Oil Could Hit The Market Now That Iran Deal Is Assured

    09/09/2015 1:18:57 PM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 09-09-2015 | Parker
    U.S. President Barack Obamaís signature foreign policy initiative Ė the historic nuclear deal with Iran Ė appears poised to fend off Congressional opposition. After several Democratic lawmakers in the U.S. Senate came out in support of the Iran deal in recent days, the survival of the accord is all but assured. Democratic Senators Ron Wyden (D-OR) Richard Blumenthal (D-CT), and Gary Peters (D-MI) all announced their support for the nuclear deal with Iran, bringing the total number of Senators who have backed the deal to 41, enough to withstand attempts by Republicans to derail the agreement. The deal will give...
  • Crude Swap with Mexico Ė The Heavy and The Light

    09/02/2015 9:52:19 AM PDT · by thackney · 10 replies
    drilling info ^ | September 1, 2015 | Eric Roach
    On August 14 the Obama Administration announced that the Commerce Department would approve applications to export up to 100,000 barrels of light crude per day to Mexico in a swap arrangement for an equivalent volume of heavy crude from Mexico. This type of export has previously been available between The US and Canada, and perhaps indicates willingness to eventually repeal the crude export ban. Hereís a quick little recap and analysis of the situation. WHY IS THIS A BIG DEAL? After the 1975 oil shock, The United States banned the export of crude oil in order to stabilize the price....
  • Oil exports could lower gas prices, federal study says

    09/02/2015 4:56:44 AM PDT · by thackney · 22 replies
    The Washington Times ^ | September 1, 2015 | Ben Wolfgang
    The Obama administration confirmed Tuesday that ending the nationís 40-year-old ban on crude oil exports will not drive up domestic gasoline prices and could even save consumers money at the pump. Tuesdayís report from the Energy Information Administration puts even more pressure on Mr. Obama, who so far has been reluctant to reverse the export ban and allow oil and gas companies to sell fuel abroad. The White House last month did approve limited crude oil sales to Mexico, but critics say the president should go much further and allow the U.S. energy industry ó which has revitalized economies across...
  • Net petroleum product exports continue to increase

    07/08/2015 5:15:47 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | JULY 8, 2015 | Energy Information Administration
    Over the past decade, domestic refinery output of petroleum products has grown significantly while consumption has declined, resulting in a major increase in product exports. Petroleum product exports averaged 4.1 million barrels per day (b/d) in the first four months of the year, an increase of 0.5 million b/d over exports the same time last year. Product imports are also higher than last year, but to a lesser extent, leading to an increase in net petroleum product exports. Import and export patterns vary by region, with most exports leaving from the Gulf Coast (Petroleum Administration for Defense District 3), and...
  • Proposed regulation could keep 3D-printed gun blueprints offline for good

    07/01/2015 7:34:57 PM PDT · by Olog-hai · 50 replies
    Fox News ^ | July 01, 2015 | Perry Chiaramonte
    Those handy digital blueprints that enable anyone to 3D print gun parts or even a weapon from scratch could be under threat thanks to a new proposal from the State Department. A notice posted on June 3rd in a recent Federal Register show that some changes are being made to the International Traffic in Arms (ITAR) regulations. Hidden within the proposal, which restricts what gear, technology, and info can and cannot be exported out of the US, is a ban on posting schematics for 3D printed gun parts online. The ruling comes just a month after Cody Wilson and, his...
  • The sooner Greece defaults and dumps the Euro the better

    06/28/2015 6:46:15 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Washington Times ^ | June 26, 2015 | Peter Morici
    <p>Greece and its principal creditorsóthe European Union, European Central Bank and International Monetary Fundóshould acknowledge that Athens will never be able to repay the Ä131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.</p>
  • 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. Itís 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 theyíre successful, my colleagues and I have called for Congress to put in place trade promotion authority. TPA, as itís 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 ó 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 Fedís Oil Export Ban ĎWould Add 630,000 New Jobsí 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 ó 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. ďMy 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 nowóloweróhas helped the economy greatly in the last month. For years Iíve puzzled over how so many Americans have lost the connection between inexpensive, reliable energy sources and a robust economy. But this monthís 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 ĎDoesnít Make Anythingí

    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 ďresetĒ with Russia. Angela Merkel spent the whole time telephoning Vladimir Putin. To what extent do you feel let down almost personally by whatís happened? Mr Obama: I donít 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 ó 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 ó 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 countryís becoming a net exporter trigger a strange hoarding reflex. Shouldnít the US ďkeepĒ its oil? Well, no, not if the oil has greater value elsewhere. The US probably wonít 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 wonít 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 Waldenís 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 Oregonís congressional delegation stand on the issue of exporting natural gas? Weíre 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 isnít 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 countryís 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 Ukraineís sovereignty in 1994 under the Budapest Memorandum. Instead, we can help our allies by diminishing Russiaís...
  • 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 Putinís 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 ÔÄÉ Ôāô ÔÉē 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¬ís 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 Texasí 7 percent growth ó about $3 billion ó 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 Californiaís 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. ďAmericaís high-tech sector is an innovation powerhouse and one of the fasting-growing elements of global trade,Ē he said. ďHigh-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 Energyís 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 DOEís approval, U.S. natural gas exports Ė and the important economic benefits Ė 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, ďHow much of it exists?ĒOur 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 Ė 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 Committeeís 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...