mixed signals
MDN recently brought you the news that the Trump U.S. Bureau of Industry and Security (BIS) was blocking at least three (possibly more) cargoes of ethane by rejecting permits to export to Enterprise Products Partners (see U.S. Denies Permit for Enterprise to Export Ethane Cargoes to China). Ethane is a raw feedstock used to create plastics. Denying China access to our ethane will hurt the Chinese economy. We later reported that the export ban to China was just a bargaining position and had been lifted (see Trump Trade Deal Lifts Ethane Export Ban to China; Cargo to India). However, in another twist to this saga, the Trump administration has informed Enterprise Products and Energy Transfer (the two companies exporting ethane to China) that they can load the ethane and ship it. However, before unloading, they will still need U.S. government permission. Huh?
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