Commodity Trade Mantra

Posts Tagged ‘Tax Revenue’

Why "Supply & Demand" Doesn't Work For Oil Prices

The costs of producing oil continue to rise, as a result of diminishing returns, so this fall in oil prices is clearly a problem. Low oil prices make future production unprofitable; it also leads to an increasing number of debt defaults. It is also inevitable that the price of oil must stop rising at some point because of the adverse impact on spendable income of consumers.

The World’s Next Big Trading Block May Be India

A new Common Market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the EU has members & twice the population of North America. It’s called India. Given the size of its 29 states & a predicted growth rate of at least 7.5%, potential benefits of integration are huge.

Falling Oil Prices and the Fallout

Will Western American states continue to boom without $90/barrel oil prices? What will American GDP look like without this latest bubble industry to fuel job creation, tax revenue, and investment? It’s impossible to say right now, although the price of oil in relation to the last four recessions does provide some fuel for speculation.

US now Spending 26% of available Tax Revenue just to pay Interest

In Fiscal Year 2013, the US collected $2.49 trillion in tax revenue & after deducting payroll tax of $891 billion (tied directly to funding Social Security & Medicare), had $1.599 trillion available to pay for its operations & total US interest payments were a whopping $415 billion – That’s Approximately 26%

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