Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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The worst-case scenatio used to be nuclear war. That involved the USA vs. the USSR. Today, the two worst-case scenarios in the modern world are these: (1) terrorist use of biological weapons in several cities at the same time; (2) a terrorist attack on the power grid. These are home-brew operations. The potential perpetrators cannot [...]
Continue reading →The Environmental Protection Agency never sleeps in its quest for environmentally friendly energy. So, it awarded $90,000 to students at Vanderbilt University to work on a project. The students think they can get net energy out of spinach. The students know a good thing when it comes along. The good thing is $90,000. The students [...]
Continue reading →I recently filled my gasoline tank. It came to $75. I drive a Toyota minivan. It gets about 20 miles to the gallon on average. I don’t drive it on the road for long trips often. My 1993 Dodge minivan gets better mileage. A wife in the United States drives about 1,000 miles a month. [...]
Continue reading →Obama trumpets green energy. Green energy will make us energy independent and pollution-free. He puts his money where his mouth is. Well, he puts our money where his mouth is. He believes in green energy, and his policy is costing plenty of green. The money going to subsidize nuclear power. Private nuclear power. Good Old [...]
Continue reading →By executive order, Obama has created the beginning of a vast new regulatory system to control natural gas. Congress had nothing to say about this. Natural gas prices are falling due to new methods of extraction called fracking. This is creating havoc for the anti-growth environmentalists. It has dropped the price of natural gas. Across [...]
Continue reading →The stories just keep coming. The Department of Energy offers huge loan guarantees for “renewable energy” projects, and they keep going belly-up. Not yet two years after the Department of Energy awarded $43 million in loan guarantees for Beacon Power’s energy storage plant, government attorneys are calling the bankrupt solar company and its affiliates little [...]
Continue reading →The Obama Administration has come up with a great idea. It will have the Department of Agriculture give $5 million to construct a biogas anaerobic digester. What, pray tell, is that? It’s a way to convert bovine droppings into heat. To heat what? An ethanol plant. This will create 15 new jobs. Think of it. [...]
Continue reading →Solyndra was the first domino. This latest bankruptcy will take with it maybe $50 million or maybe $100 million. The bankruptcy lawyers will hammer out a settlement. The U.S. government had put up a $2.1 billion loan guarantee. We will not know for years how much money in the hole the latest solar energy company [...]
Continue reading →American voters who approve of President Obama’s sanctions on Iran should also approve of gasoline prices that are 25 cents per gallon higher than they would have been apart from the sanctions. Economic sanctions are restrictions on trade. Restrictions on trade raise prices. There can be no economic sanctions imposed by the federal government that [...]
Continue reading →There is a naive hope that new oil supplies in Canada and the USA will enable the world to keep up with rising demand for oil from Asia. It won’t happen. Gregor Macdonald is one of the world’s leading experts in oil supplies. He reminds us of reality: oil development takes decades, not years. For [...]
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