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China slams oil prices, but tariff war can’t stop U.S. boom in oil and gas exports

  • China's targeting of natural gas and oil products for tariffs is a special rebuke aimed at U.S. officials who had pushed energy products as a way for China to narrow its trade gap with America.
  • Signs that China is cutting back on oil imports weakened crude prices Wednesday but will not derail the longer term outlook for robust U.S. energy exports.
  • The U.S. export business is growing rapidly. Oil exports could grow by a million barrels a day annually over the next five years and liquified natural gas exports could more than double by 2020 to 9 billion cubic feet a day from 4 billion cubic feet, according to Citigroup.https://www.businesstimes.com.sg/government-economy/chinas-july-exports-accelerate-as-us-prepares-new-tariffs

    China's July exports accelerate as US prepares new tariffs

    Its surplus with US shrinks marginally but US$28.09 billion figure still near record highs

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American sociologist and political scientist Seymour Martin Lipset spent years trying to figure out why the United States was the only industrialized country that did not create a significant socialist movement or party. It’s a complicated subject, but Lipset was able to unpack it by comparing America to its nation-state cousins, Canada and Australia. Both […]

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