Tag: Mergers and acquisitions

Biden’s push for more Chinese steel tariffs is a political decision, not an economic one: Analyst

Tina Marie (Ms. Cat)
Biden’s push for more Chinese steel tariffs is a political decision, not an economic one: Analyst

Biden wants to hike tariffs on imports of Chinese steel and aluminum

Chinese steel imports account for less than 1% of U.S. demand, officials told reporters. But Chinese subsidies and programs mean its steel prices are 40% lower than U.S. prices, and the Biden administration is worried that there could be a surge of exports.

Related:

Trump’s tariffs are equivalent to one of the largest tax increases in decades

New Democrat Coalition Trade Task Force Statement on Section 301 Tariffs Announcement

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

Tina Marie (Ms. Cat)

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.

Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.

The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.

Related:

US Strategic Oil Reserve Refill Is Limited Despite Low Prices

Guayana Esequiba: Geo-economics of an Occupation

Tina Marie (Ms. Cat)

An air of bonanza has raised the projections of the Exxon Mobil corporation, which accumulated around 414 billion dollars in 2022, an unprecedented income in its history, which represents 44.8% more than the previous year. It is a gigantic increase if compared to its crisis in 2020, when its losses put its place in the stock market in jeopardy. Also from the research of that American corporation, it is said that Guyana could become “the country that produces the most barrels of oil per inhabitant in the world, surpassing Kuwait, in that case, when measuring the wealth per capita of its 800 thousand inhabitants, it would become a rich country, since in 2021 its GDP increased by 57.8% and in 2022 by 37.2%”.

Guayana Esequiba: Geo-economics of an Occupation

Why America Is Out of Ammunition

Tina Marie (Ms. Cat)
This chart is from the Government Accountability Office’s recent report on the Department of Defense’s lack of strategy around corporate mergers. Bow down before Powerpoint you peasants.

Today, as the U.S. is drawn into wars in Israel and Ukraine, as well as the defense of now-peaceful Taiwan, I’m writing about war. Not the policy choices, or whether U.S. military power is a net force for good or ill, but the actual practical machinery behind the American defense base that produces the weaponry necessary to sustain the military.

Why America Is Out of Ammunition

Is China really buying up U.S. farmland? Here’s what we found

Tina Marie (Ms. Cat)

Is China really buying up U.S. farmland? Here’s what we found

A review by NBC News of thousands of documents filed with the U.S. Department of Agriculture, however, shows very few purchases by Chinese buyers in the past year and a half — fewer than 1,400 acres in a country with 1.3 billion acres of agricultural land. In fact, the total amount of U.S. agricultural land owned by Chinese interests is less than three-hundredths of 1%.