Jimbo

The Economic Impact of the G20 Ending Oil Subsidies

I favor getting rid of Jerry's subsidies. But let us also open up our potential oil and gas provinces. I agree the age of oil is coming to a close but I strongly disagree with the timing. We certainly should look at bio sources, such as Jatropha. But the Greenies are sabotaging their own cause: as you read this, they are trying to stop solar electric plants in the California desert, and wind energy farms all over the country. This kind of obstructionism will only place us at even greater dependence on energy from tyrannical, anti-democratic regimes. It may be true that coal state senators have been blocking the extended development of natural gas as a better fuel choice from an environmental, economic, and import view. But many of these coal states are also sources of natural gas.

Forget the 1930s; We're Reliving 1975 (Part II)

It appears to me that we now have stagnant, or even declining wages, marked unemployment, low industrial activity, at the same time we are having increases in the price of certain types of food, increases in electricity, increases in "fees" and taxes by state and local governments who have had a severe decline in revenues. The average household cannot consume as in the past due to lowered income and higher costs for relatively critical goods and services. This would seem to meet the criteria for STAGFLATION.