As the country waits with bated breath for the Obama Administration to belatedly approve nearly a dozen natural gas export projects, big chemical companies are lining up in opposition. Leading the charge is Michigan-based Dow Chemical, whose corporate leadership recently voiced its strong opposition to natural gas exports. According to …
An energy renaissance is underway in the United States. According to a new report by the International Energy Agency (IEA), America’s decades-long dependence on foreign oil may soon be over. By the mid-2020s, the United States is set to surpass Saudi Arabia as the world’s largest oil producer. Even more …
The Obama Administration appears to be picking winners and losers again. The President has said he wants to “double our exports over the next five years” through his National Export Initiative. Apparently, those exports don’t include natural gas, a booming and vibrant sector of the national economy. Currently, liquefied natural …
A new article published yesterday in The Wall Street Journal, featuring new research by The Heritage Foundation, tries to slice through the rhetoric on trade policy during a week when the Obama Administration announced a new trade suit against China. The article reaffirms the basic benefits that free trade brings …
The presidential debate yesterday moved to trade with China, with the usual rhetorical suspects—including “outsourcing” and the “trade deficit”—taking center stage. President Obama announced that his Administration had filed a complaint against China with the World Trade Organization. But a groundbreaking new report from Heritage proves that importing goods from …
As reported by Fox News earlier this year, the World Intellectual Property Organization (WIPO) approved the transfer of computers and other equipment to Iran and North Korea—both of which are under sanction by the U.S. and the United Nations—without notifying WIPO member states or the U.N. sanctions committees. In response, …
Former Governor Jennifer Granholm (D–MI) confessed Wednesday to an “obsession” with creating manufacturing jobs in the United States. That is a brave admission, given that the dictionary defines obsession as “a persistent disturbing preoccupation with an often unreasonable idea.” Following up on President Obama’s call in Charlotte for creation of …
The federal government recently announced that it is expected to run a budget deficit of more than $1 trillion for the fourth straight year. One often-overlooked result of these large budget deficits is their negative impact on U.S. exporters. Sales of U.S. Treasury securities to foreigners are not counted as …
The U.S. Bureau of Economic Analysis (BEA) just announced that the country’s current account deficit for 2011 was $473.4 billion. This number includes transactions like exports and imports. Cue the “sky is falling” headlines. However, the BEA did not point out that the overall U.S. international transactions deficit was $0. …
The U.S. Bureau of Economic Analysis today announced that U.S. exports for January were $4.4 billion higher than in December. This is good news for U.S. exporters. The bureau also reported that Americans imported $10.5 billion more in January than in December. This is good news, too. As President Obama’s …
