Goldman Sees Cheaper Energy From Border Tax But Not in U.S.
- Global coal and gas prices will fall because of dollar’s rise
- U.S. LNG exporters would make deals to maximize tax benefit
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A proposed U.S. border-adjustment tax would make fuels that provide half the world’s energy cheaper -- for everyone except Americans.
That’s the conclusion of Goldman Sachs analysts including Damien Courvalin. A tax like the one being discussed in the U.S. Congress would cause the dollar to appreciate, driving down the price of coal and liquefied natural gas, which are priced globally in the U.S. currency, they said in a Feb. 9 report.