Scotsman + 14 LB May 19, 2018 Would really welcome everyone's thoughts on this article: https://www.axios.com/energy-deals-cut-us-china-trade-deficit-1526651120-12062378-10df-4ed8-8605-3cedc759ef91.html When President Trump demanded that China cut its $375 billion trade deficit with the U.S. by $200 billion, Chinese officials and the U.S. press shrieked. It seemed impossible. However, there's a simple way for China to give Trump this “win”: buying $200 billion worth of American oil, as well as liquefied natural gas (LNG) from Alaska, Texas and Louisiana. The details: Alaska is estimated to have nearly $1 trillion worth of LNG that it's eager to sell and heartland states have several trillion dollars’ worth of oil and gas reserves available for export. While there would be some delays in delivery — new production and transportation infrastructure would first have to be built — the trade deficit is measured by date of sale, so the impact would be seen right away. 1 Quote Share this post Link to post Share on other sites
Guillaume Albasini + 851 May 19, 2018 Not sure the Chinese will need so much american oil... they will have very soon cheap iranian oil ! A gift from Mr. Trump ! Quote Share this post Link to post Share on other sites