President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
Quite a stretch to call Obama anti-drilling. Besides reversing Bush era leases near national parks and the temporary deepwater moratorium, the Obama Administration has been consistantly supportive of oil and gas development. "Drill baby drill" is now a reality in the US, as evidenced by growth in production volume, new leases, development etc.
The U.S. is not just heading towards default, says Ben Stein, we're racing towards it. Our country has simply taken on far too many obligations than we can afford, Stein asserts. We've got to raise taxes and cut expenditures, particularly on unemployment and disability, where there's so much fraud "it's just insane." (video) [View news story]
The U.S. is not just heading towards default, says Ben Stein, we're racing towards it. Our country has simply taken on far too many obligations than we can afford, Stein asserts. We've got to raise taxes and cut expenditures, particularly on unemployment and disability, where there's so much fraud "it's just insane." (video) [View news story]
"Odds are 75% of all disability cases are frauds." Care to back that up?
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
There isn't anything in the Constitution that allows the Congress to impose a debt ceiling in the first place.
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
The U.S. is not just heading towards default, says Ben Stein, we're racing towards it. Our country has simply taken on far too many obligations than we can afford, Stein asserts. We've got to raise taxes and cut expenditures, particularly on unemployment and disability, where there's so much fraud "it's just insane." (video) [View news story]
The U.S. is not just heading towards default, says Ben Stein, we're racing towards it. Our country has simply taken on far too many obligations than we can afford, Stein asserts. We've got to raise taxes and cut expenditures, particularly on unemployment and disability, where there's so much fraud "it's just insane." (video) [View news story]
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
The Bedrock of the Gold Bull Rally [View article]