Marathon Petroleum Corp agreed to buy rival Andeavor for more than $ 23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and growing
U.S. fuel export markets.
Not exact matches
Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of
exports to the
U.S. Indeed, Canada is contending with more than just low oil prices.
The now - repealed
U.S. oil
export ban dated back to an era of feared
fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for
U.S. support of the Israeli military.
Meanwhile, with a series of supportive economic factors at play «we expect the country's real estate market to continue the strong showing it posted in the second half of 2013,» Soper said, noting among other things favourable interest rates and an improving
U.S. economy
fuelling demand for Canadian
exports.
This and other advances have pushed American oil and gas output to record highs and
fueled a revival of
U.S. energy
exports.
NEW YORK, April 26 (Reuters)- Demand to ship
fuel on Colonial Pipeline's Line 2, its main distillate line, has dropped to about a six - month low as rising Gulf Coast
exports have kept barrels from being sent through the pipeline to other
U.S. regions, traders said.
NEW YORK, April 20 Prices for heating oil and diesel
fuel traded on the
U.S. East Coast are scaling multimonth highs, bolstered by unusually cold weather across the country and a surge in
export demand, particularly from Brazil and Canada.
NEW YORK, April 26 Demand to ship
fuel on Colonial Pipeline's Line 2, its main distillate line, has dropped to about a six - month low as rising Gulf Coast
exports have kept barrels from being sent through the pipeline to other
U.S. regions, traders said.
The top
U.S. exports to Chile are mineral
fuel, machinery, vehicles, electrical machinery, and aircraft.
The United States» bilateral deficit with Thailand is just under the $ 20 billion threshold, and the
U.S. runs a bilateral surplus with Singapore (even with Singapore's massive global surplus) thanks in part to large
exports of
fuel oil.
The negative effects of lower oil prices hit the economy right away, and the various positives - more
exports because of a stronger
U.S. economy and a lower dollar, and more consumption spending as households spend less on
fuel - will arrive only gradually, and are of uncertain size.
Distillate inventories are projected to increase by 0.5 million barrels as
exports of distillate
fuel out of the
U.S. Gulf were steady last week.
The
U.S. Export - Import Bank (USEXIM) is the third - largest supporter of fossil
fuels among all G20 countries, according to a new report out today from Oil Change International, Friends of the Earth
U.S., and WWF's European Policy Office.
After providing almost $ 6 billion annually to fossil
fuels from 2013 to 2015, the
U.S. export credit agency — the U.S. Export - Import Bank (Ex-Im)-- has been unable to finance large fossil fuel projects for the past two
export credit agency — the
U.S. Export - Import Bank (Ex-Im)-- has been unable to finance large fossil fuel projects for the past two
Export - Import Bank (Ex-Im)-- has been unable to finance large fossil
fuel projects for the past two years.
Washington, D.C. — The
U.S. Export - Import Bank (USEXIM) is the third largest supporter of fossil
fuels among all G20 countries, according to a new report from Friends of the Earth
U.S. and Oil Change International.
Despite President Obama's commitment to tackle climate change, the
U.S. Export - Import Bank (Exim) President Fred Hochberg continues to underwrite some of the world's largest and most destructive fossil
fuel ventures.
«While Americans have rallied in support of clean renewable energy at home, the
U.S. Export - Import Bank has made it a priority to handout money to fossil
fuel companies to work on projects abroad,» said Kate DeAngelis of Friends of the Earth
U.S. «If Trump gets his way,
U.S. Export - Import Bank will become a slush fund for Big Oil's plans to accelerate climate change.
Canada and Mexico serve as top suppliers of crude oil and also as top
export destinations for
U.S. refined products such as motor gasoline, kerosene - type jet
fuel and other commodities.
All in all, a number of
U.S. fossil -
fuel development and
export policy positions suggest an administration that is attempting to straddle climate and energy policy in such a way that it wins support on the progressive side for having a proactive domestic climate policy while, in effect, failing to challenge the obstacle to climate change mitigation posed by corporate energy interests and their global ambitions.
Fuel Fix Blog: The Obama administration on Wednesday authorized a fourth company to broadly export U.S. natural gas, giving Dominion conditional approval to sell the fossil fuel abroad after processing it at a Maryland facil
Fuel Fix Blog: The Obama administration on Wednesday authorized a fourth company to broadly
export U.S. natural gas, giving Dominion conditional approval to sell the fossil
fuel abroad after processing it at a Maryland facil
fuel abroad after processing it at a Maryland facility.
In response to campaigns launched by climate activists to impose regulations and controls on
U.S. exports of coal, liquefied natural gas and oil, corporate trade lawyers and dirty energy apologists are insisting that government controls on fossil
fuel exports are illegal under international trade and investment law.
Dirty energy apologists are ignoring the economic and scientific data that call out for regulation and control of
U.S. fossil
fuel exports.
ECONOMIC OVERVIEW Currency: Australian Dollar ($ A) Market Exchange Rate (5/24/02): US $ 1 = $ A1.79 Nominal Gross Domestic (GDP, 2001E):
U.S. $ 365.8 billion Real GDP Growth Rate (2001E): 4.1 % (2002F): 3.8 % Inflation Rate (2001E): 4.3 % (2002F): 3.0 % Unemployment Rate (2001E): 6.9 % (2002F): 7.0 % Current Account Balance (2001E): - $ 15.3 billion (2002F): - $ 16.9 billion Major Trading Partners: Japan, other Far East, European Union, United States Major
Export Products: crude materials, food and live animals, mineral
fuels and lubricants Major Import Products: machinery and transport equipment, manufactured goods, chemicals
In «Dirty Deals ``, Friends of the Earth Europe and other environmental groups reveal how
U.S. negotiators at the Transatlantic Trade and Investment Partnership talks work to undermine the EU's
Fuel Quality Directive and unleash
exports of dirty
fuels, including tar sands oil, a highly intensive source of greenhouse gas emissions.
Not only is the
U.S. gearing up to
export both oil and gas, it is also a major coal exporter, helping to crash prices there, too, and to bring affordable fossil
fuel to the world.
(1) No False Choices: To Preserve a Livable Climate, We Need to Slash Both CO2 and Methane ASAP; (2) Oil Change International Report: Fossil
Fuel Production Subsidies Exceed $ 21 Billion Annually in United States, have increased by 45 % under Obama's «All of the Above» energy policy; (3) Joint Economic Committee Hearing on «The Economic Impact of Increased Natural Gas Production» (video); (4) Leaked Trade Deal Document Shows EU Pressuring
U.S. to Lift Crude Oil
Export Ban; (5) Deep Decarbonization Pathways Project (DDPP) Presents Interim Report to UN Secretary - General Ban Ki - Moon.
The leaked position paper reveals that the proposed trade deal - the Transatlantic Trade and Investment Partnership, or TTIP - could change
U.S. energy policy to allow for increased
exports of oil and gas and keep the EU dependent on high levels of fossil
fuel imports.
While the majority of
U.S. exports are met coal, growing steam coal demand is
fueling 2012
exports to an expected all - time high.
For example, Froman apparently has already been successful in challenging an EU
fuel quality directive that would limit shipments to Europe of dirty tar sands oil, including that which would flow through pipelines like the proposed Keystone XL system for
export from
U.S. ports.
Fossil
fuel giant PetroVietnam is in the process of building the Long Phu 1 coal power plant in southern Vietnam and asked for international financial support from the
U.S. Export - Import Bank (Ex-Im).
A leaked European proposal for TTIP energy provisions similarly would expand fossil
fuel exports from the
U.S. to the EU.
Trump's Ex-Im Bank appointment could accelerate climate change WASHINGTON, D.C. - A multi-part Columbia School of Journalism investigation published this week reveals that the
U.S. Export - Import Bank has financed tens of billions of dollars in fossil
fuel projects under the Obama administration, triple the levels seen under the Bush administration.
A 2014 Department of Energy study found that
exporting U.S. LNG will reduce global greenhouse gas emissions, because
U.S. natural gas consumed in Europe or Asia has lower life - cycle GHG emissions than power generation from locally sourced fossil
fuels.
«
U.S. exports of distillate
fuel (which includes diesel) reached a record 656,000 barrels per day (bbl / d) in 2010 and have grown every year since 2003» Source: USEIA,
U.S. distillate
fuel exports continue to grow.
As with fights under way over the Keystone XL pipeline from Canada, and plans to build coal
export terminals on
U.S. coastlines, the new fossil
fuel abundance is touching off a backlash among those alarmed by the consequences for climate change.