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Category: Imports

U.S. Seen Becoming Net Energy Exporter on Shale Output

April 16, 2015 Posted by Chris Wysong

New EIA estimates on crude output are fueling predicitions that U.S. energy exports will exceed imports within 15 years. U.S. Seen Becoming Net Energy Exporter on Shale Output By: Mark Shenk (Bloomberg Business) The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the shale boom bolsters crude oil production. U.S. energy exports will exceed imports from 2029 through 2032, and from 2037 through 2040, the Energy Information Administration said Tuesday in its Annual Energy Outlook. The agency raised its oil output forecasts for 2025 and 2040, while cutting total energy demand estimates for the same years. The forecast doesnt anticipate any change in U.S. law that bans most exports of crude. Advanced technologies are reshaping the U.S. energy economy, EIA Administrator Adam Sieminski said in an e-mailed statement. With continued growth in oil and natural gas production, growth in the use of renewables and the application of

Posted in Energy, Exports, Imports, Crude, Shale

US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports

August 27, 2014 Posted by Chris Wysong

Domestic steelmakers are pleased with new duties being imposed on South Korean imports. US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports By : Elvina Nawaguna WASHINGTON, Aug 22 (Reuters) - The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry. U.S. steel companies lodged a complaint in 2013 as foreign manufacturers cashed in on soaring U.S. energy infrastructure demand. Imports doubled last year and accounted for nearly two-thirds of the domestic market, according to the American Iron and Steel Institute. Although subject to appeal, the decision puts the U.S. Department of Commerce closer to imposing tariffs as high as 118 percent on oil country tubular goods (OCTG). This was a resounding victory for the domestic steelmakers, said Phillip Bell, president of the Steel Manufacturers

Posted in Imports, Duties, Policy
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