Tag: Exports

Since Congress Lifted Crude Export Ban in 2015, US Has Dropped ‘Climate Bomb’ on World

Rail cars carrying crude oil are seen on April 24, 2020 near Odessa, Texas.After Congress lifted a ban on crude exports in late 2015, oil and gas production in the Permian Basin soared while domestic consumption remained flat—leading to a massive build-out of pipelines and other infrastructure that culminated in the U.S. “flooding global markets” with fossil fuels at the expense of humanity, in general, and vulnerable Gulf Coast communities already overburdened by pollution, in particular.

Source: Since Congress Lifted Crude Export Ban in 2015, US Has Dropped ‘Climate Bomb’ on World

Australia the big winner from Trump’s disastrous trade wars

If Australia is leading the world in export growth, then where is all this wealth ending up? As shown in multiple publications, the large foreign mining companies and other big exporters seldom pay anywhere near the tax they should. There are no other mechanisms for retaining the vast wealth in Australia. So most of the wealth gets shunted straight offshore into tax havens or to make mega-rich foreigners richer still.

via Australia the big winner from Trump’s disastrous trade wars