Energy and Entrepreneurs

by Raymond J. Keating- As reported earlier this year, first quarter 2019 real GDP growth in the United States came in at a solid 3.1 percent rate. Looking at the latest report on GDP growth by state, released by the U.S. Bureau of Economic Analysis on July 25th, we see that real growth in the […]

by Raymond J. Keating- It’s no secret that the U.S. economy has not exactly been a juggernaut since the Great Recession – in fact, one can argue since the start of the current century. But throughout the last near-15 years, energy has been a good news economic story. And that continued into 2018, as noted […]

by Raymond J. Keating- No matter the short term price changes and accompanying reactions in the market, the story of American energy production has been the most significant economic plus for the U.S. economy for some 13 years now. For good measure, while trade has been an area of policy indifference or troubling protectionism for […]

by Raymond J. Keating- Free and growing international trade is good news for American consumers, small businesses and workers – expanding opportunity, choices, competition and growth. Imposing barriers to trade, such as tariffs and quotas, achieve the exact opposite, including increasing costs and reducing opportunity. While there are seemingly countless examples of the benefits of […]

Small Business Insider by Raymond J. Keating- The data show quite clearly that 2005 was the turning point for the United States in becoming the number one energy producer on the planet. As the U.S. Energy information Administration (EIA) reported in May 2018: “The United States remained the world’s top producer of petroleum and natural […]

An article in Ecopreneurist reports on the big rise in clean energy in the U.S. business market. As reported by Carolyn Fortuna: “One long year after the Trump administration withdrew from the Paris Agreement, renewable clean energy is stronger than ever in the US business market. That’s because business owners of all sizes are increasingly understanding […]

by Raymond J. Keating- The U.S. economy, including small businesses and consumers, derive enormous benefits from international trade on the energy front, and policymakers need to appreciate this economic fact of life and not undermine such trade with misguided measures, including any undermining of free trade with Mexico and Canada via NAFTA renegotiations. The U.S. […]

by Raymond J. Keating- On January 4, U.S. Interior Secretary Ryan Zinke announced the Trump administration’s plan to significantly expand offshore drilling opportunities. That’s good news for the U.S. economy, energy leadership and small businesses. Over the past dozen years, the U.S. has been transformed into the world’s largest energy producer. That occurred thanks to private-sector […]

by Raymond J. Keating- The U.S. energy story has been strikingly positive for some dozen years, including in 2017, and that looks to continue in 2018. That’s good for small business. This energy story has been particularly noteworthy given that this stretch covered the Great Recession and the subsequent poor recovery/expansion period. Consider that U.S. […]

by Raymond J. Keating- The U.S. Senate-passed “Tax Cuts and Jobs Act” would allow for oil and natural gas production in the Arctic National Wildlife Refuge (ANWR). That would be a clear positive for the state of Alaska, for small businesses, and the economy. In a joint statement released by Alaska’s three Members of Congress – […]