“The degree of trade integration between America and Europe is already fairly advanced…. In particular, the average level of tariffs is relatively low (around 3%). Therefore, unlike most previous and current discussions on trade treaties, the Trans-Atlantic Trade and Investment Partnership will focus much more on non-tariff barriers where a protectionist rationale advances an environmentalist or health regulatory agenda.”
“Free trade can be good for the economy, and for the environment too.”
The United States and the European Union are in the process of negotiating a new free trade agreement, the so-called Trans-Atlantic Trade and Investment Partnership (TTIP). The treaty has the potential of delivering significant benefits to both parties, because of increased trade, lower barriers, and better labor specialization.
Energy may be a significant part of the deal: according to a leaked “non paper”, trade in energy commodities and technologies between the EU and the US would be freed from most of the burdensome red tape that, until now, has significantly hampered the possibility of achieving a greater integration among the two world’s largest economies.…
Continue Reading“In 2009, Robert F. Kennedy, Jr., wrote in the Financial Times that increased natural gas use was the ‘first step towards saving our planet and jump-starting our economy.’ Last year, he changed course and called natural gas a ‘catastrophe‘.”
An environmental group that opposes fracking has deleted from its website a page that touted the land use benefits of horizontal drilling, a move that comes as activist groups increasingly focus on surface issues related to development, and as some cities debate whether to ban drilling based on those claims. The attempt to conceal prior support for drilling also reflects a trend among several activist organizations that used to promote natural gas.
The Washington, DC-based Earthworks – an aggressive anti-fracking group that has published or promoted several dubious reports suggesting harm from shale development – used to house a page entitled “Directional Drilling” on its website, which described how directional and horizontal drilling can actually reduce overall surface impacts from oil and gas development.…
Continue Reading“Each year, the Progressive Policy Institute publishes its list of ‘investment heroes’ – non-financial companies that are investing the most in the U.S. economy. Of the 25 companies that make up the Institute’s ‘investment heroes’ list this year, 10 are involved to some degree in the exploration and production of oil and natural gas or involved in energy distribution and power.”
“For decades now, the United States has pursued energy policies based on the fear of scarcity. The thinking in Washington, D.C. – and even at some energy companies – was that reviving domestic energy production was a dream…. Now, we need energy policies that are designed for this new era of abundance.”
ExxonMobil CEO Rex Tillerson recently addressed the Greater Houston Partnership on the State of Energy. He paid homage to Houston, where ExxonMobil’s far flung operations are about to be brought together at one campus.…
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