Subscribe to our free, weekly email newsletter!



Deal with Colombia could secure energy

By Patrick Burnson, Executive Editor
March 21, 2011

As President Obama completes his trip to Brazil, Chile and El Salvador, U.S. manufacturers are urging his administration to move forward on the pending free trade agreement with Colombia.

William D. Marsh, a vice president for the top-tier oilfield service company, Baker Hughes Inc., was a witness last week at a House Ways and Means Trade Subcommittee hearing on the FTA, testifying on behalf of the National Association of Manufacturers (NAM).  The main thrust of his comments were that such an agreement is vital to our national energy security.

“From a security perspective, there are advantages to developing Western Hemisphere energy sources like those in Colombia,” he said. “Colombia is considered a U.S. ally with a relatively stable government and economy. Oil and gas from Colombia could displace oil from less secure foreign sources of supply. Helping Colombia maintain a strong economy is also in our national interest. Therefore, adopting this reciprocal treaty is a win for both countries.”

Furthermore, noted Marsh, just as it is better economically and strategically to import oil and natural gas from Canada than, say, Russia, it would be preferable to have Colombia instead of Venezuela as a major supplier of energy to the United States.

For related stories click here.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

In recently issued research and data, JLL pointed out that its market data indicates rents are on the rise, with companies on the hunt for warehouse and distribution space.

U.S. Carloads were up 0.3 percent annually at 290,963, and intermodal at 260,893 containers and trailers dropped 2.4 percent compared to the same week last year.

Researchers say the ships are operating in international waters with a "worrying lack" of regulation, adding that they could pose a threat to regional peace and stability.

Compared to November, spot market freight volume was up 3.0 percent, according to the DAT North American Freight Index.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA