united states Archive

chinaUS and China Close to a Stop Gap Trade Deal

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The Wall Street Journal is reporting that are exploring a trade deal in which Washington would hold off on further tariffs through the spring in exchange for new talks looking at big changes in Chinese economic policy, said officials from …

chinaPeter Zeihan Makes Bad Predictions With Bad Premises

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Peter Zeihan is a geopolitical strategist who specializes in global energy, demographics and security. He has been quoted in national and international media on a variety of geopolitical topics. He makes a prediction in the video below about the breakup …

asiaRise of China and Strictly Business Competition in the World

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There have been many books written about the rise of China and great powers going to War. Harvard political scientist Graham Allison called the problem “the Thucydides Trap,” in which the country in relative decline so fears the rise of …

economic impactCost of US Wars on Terror at $6 trillion in 2019 and $7 trillion in 2023

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Brown University estimates the US Wars on Terror will be $5.9 trillion through 2019. This includes direct war and war-related spending and obligations for future spending on post 9/11 war veterans. US war spending will continue to grow. The Pentagon …

energyTexas will add 2 million barrels of oil per day in 2019 and more in 2020

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Texas Permian oil producers will add three pipelines and 2 million barrels of oil a day. A few months ago it was believed that U.S. oil production was going to plateau from mid-2018 to 2020. However, August saw the largest …

chinaChina has the 350 ship Navy that is the US goal

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China has nearly 350 ships in its Navy. It is larger than the 280-ship U.S. Navy. China commissions nearly three submarines each year and will have 70 submarines by 2020. China should have 430 surface ships and 100 submarines by …

economic impactSustaining 3% GDP Growth instead of 2% for ten years for the USA

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National Economic Council Director Larry Kudlow talked about maintaining GDP growth at 3% for the USA for ten years. The USA had 3%-4% GDP growth most of the time from 1975 to 2007. It was only from 2008 to 2016 …

energyUS Crude oil will pass 12 million bpd in mid-2019

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US crude oil production is at 11.6 million barrels per day and will pass 12 million barrels per day in mid-2019. EIA estimates that U.S. crude oil production averaged 11.4 million barrels per day (b/d) in October, down slightly from …

militaryNext US Navy submarine has a big welding flaw and incompetent contractors

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The US Navy is spending $128 billion to build twelve Columbia-class nuclear missile submarines. A costly mistake on ballistic missile tubes almost passed undetected. Contractor BWX discovered welding problems and notified primary builder Electric Boat. This led to a halt …

economic impactInterest paid on US debt will pass Medicaid in 2019 and Defense in 2023

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In 2019, the cost of interest on the national debt will hit $390 billion. This is nearly 50 percent more than in 2017, according to the Congressional Budget Office. The increase is due to interest rates returning to about 3.0 …