Obama Needs to Lift Crude Oil Export Ban This Year
University of Texas’ annual energy poll found that 58 percent of Americans incorrectly thought that America’s major source of foreign oil is Saudi Arabia and another 15 percent say it’s Iraq. The truth, of course, is that America’s biggest oil suppliers is Canada, which provides 28 percent of U.S. oil imports. If you add in Mexico and Venezuela, that number goes up to 50 percent. How much oil do we actually get from the Middle East? Saudi Arabia and... Read More
Shutting Down Ex-Im Bank Punishes American Entrepreneurs and Job Seekers
With all the barriers stacked up against American entrepreneurs, a bright spot has been access to working capital through the Export-Import Bank, which is essential if American exporters are to compete in the global marketplace. Ex-Im provides working capital guarantees, insurance and direct loans to American manufacturers, helping to open new foreign markets that allow the U.S. economy to grow, while creating good-paying jobs. Yet some in Congress are leaning toward not... Read More
Shutting Down Future US Jobs
As usual, President Obama fails to think about long-term solutions to our economy. His role in the shutdown is one example, but a far more dangerous decision was his willingness to cancel his trip to Indonesia for the Asia-Pacific Economic Cooperation Summit (APEC). The outcome of this decision could stop the creation of millions of good-paying American jobs. According to data from APEC, its members — including the United States and China, Russia, Mexico, Canada and 16... Read More
Better Late Than Never
As an exporter, I half-heartedly believed President Obama’s proposal to double U.S. exports in five years. That pledge was made in his State of the Union address in 2010, which means the clock is ticking on his plan to double American exports from $1 trillion to $2 trillion by 2015. His National Export Initiative (NEI) was supposed to “help farmers and small businesses increase their exports.” At the core of this plan was to create an environment that allows... Read More
