Tag: "trade"

Feeling the Heat — Oil Export Stalemate in Venezuela

Typically when a currency falls in value, investors flock to purchase that country’s assets and exports under the new exchange rate. The Venezuelan government however, is stuck producing nearly the same output. Why? Simply put, because of the South American country’s involvement in the Organization of the Petroleum Exporting Countries (OPEC) and its incredible reliance […]

The Case for Lifting the Crude Oil Export Ban

The United States is running out of room in its crude oil storage facilities and the question is ― where does the crude go now? As domestic crude oil production continues to rise, it has no place to go due to an obsolete ban on the exportation of crude oil in the U.S. The International […]

Keep Oil Prices Down by Passing Keystone XL

The Tampa Bay Times conducted a fact check on some statements made by Senator John Thune of South Dakota on Sunday. The fact check covered two main points: ―President Barack Obama’s own administration has done five environmental impact assessments of the Keystone XL pipeline According to the fact check, the U.S. State Department actually had […]

Fast-Track Keystone XL Plan Doomed to Fail

Coordination by the House and Senate to quickly pass the Keystone XL pipeline was doomed to fail last week. The coordination was awkward, to say the least, the House easily passed the approval of the pipeline, yet again, while the Senate had an entirely different situation. The Senate never had the votes to pass the […]

The KEEP Energy Act

If it were not for the $300 billion boost to the U.S. economy and the more than two million jobs added each year from the oil and gas industry, we could have been in a second Great Depression. To add to this economic boom, the 114th Congress can quickly pass new legislation, such as the […]

Reducing Europe’s Dependence on Russia, Benefits United States

As tensions over the situation in the Ukraine heightened over the last few months, sanctions were thrown left and right between Russia, the United States and the European Union. The sanctions targeted the Russian banking and energy sectors, putting pressure on Russian President Putin’s inner circle. Since the sanctions, Russia has lost $75 billion in […]

Lower Energy Prices Help Many Americans Stay Warm

Many Americans struggle during the winter with expensive and excessive consumption of energy resources to keep warm. Inflated energy prices really puts a strain on many families and their budgets. However, this upcoming winter will be a bit easier to get through, thanks to the fracking boom. Propane prices are 24 percent and consumption is […]

Major Effort to Lift Oil Export Ban

Despite a fear of rising gasoline prices at the pump, a strong lobbying effort will be aimed at persuading lawmakers and administration officials that the United States can afford to export crude oil now that the country is the world’s biggest oil producer. The U.S. pumps more than eight million barrels of oil a day. […]

WTO Rules on China’s Rare Earth Exports

World Trade Organization (WTO) ruled recently that China’s rare earth elements (REE) export restrictions violate international trade regulations. China has a 90-percent stranglehold on the bulk of supply and a 70-percent share of global consumption. China is looking at removing REE export taxes, which were levied at a rate of 15 to 20 percent. The new […]

Europe’s Necessary Energy Dependence Switch

Now is the time for the United States to break the Middle East and Russian dominance of global energy supply. Providing our energy resources to Europe would break the old global energy system and bring Europe geopolitically closer to the United States. The National Review’s “Marshall Plan for Energy”, explains that the U.S. has the […]