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I guess it’s smaller than I expected reading the article — 5 years, for a total of $2 billion per year; however, the regulatory tax per year is $1.75 trillion according...to an SBA commissioned study Wall Street Journal (8/23/11) reports: The Obama administration will release final plans Tuesday for ending or cutting back hundreds of regulations, an effort to reduce the burden on business and counter criticism that the White House is tone-deaf to business concerns…Certain railroad cars...
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It’s so sad when families squabble Washington Examiner (8/22/11) reports: Some top Congressional Democrats are losing faith in President Obama's signature employment initiative, the promotion of so-called "green jobs."  They've lost so much faith that on Thursday one liberal Democratic member of Congress called the president's green jobs program "a lot of talk.".."Of course, we want to be a part of the new innovation and the green jobs," Rep. Maxine Waters said on MSNBC Thursday.  "But...
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Let the great experiment begin! Super Committee received over $64 million in special interest money Fox News  (8/18/11) reports: Let the gridlock begin where it always does, with political donations…The bipartisan "super committee" created under the debt ceiling deal that is supposed to come up with at least $1.2 trillion in deficit savings by the end of November got $64.6 million from special interests groups over the past decade, according to a new analysis by MapLight, a nonpartisan...
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More news from the peak oil front…San Francisco Chronicle  (8/16/11) reports: Norway's Statoil has received a huge boost to its reserves with the announcement that two previous North Sea oil discoveries are connected which may represent the biggest find in the Norwegian continental shelf in 30 years…Statoil said in a statement Tuesday that the Aldous and Avaldsnes oil discoveries together contain between 500 million and 1.2 billion barrels of oil — significantly more than previously...
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Obamanomics: destroy demand by eviscerating all value created over the past decade and you’ll have cheaper gas at the pump Wall Street Journal  (8/15/11) reports: The tumbling price of crude oil this month and signs of falling fuel demand point to lower U.S. gasoline prices ahead, though consumers will have to wait for savings to trickle down to the pump…After reaching an almost three-year high of $3.97 a gallon in early May, U.S. retail gasoline prices have fallen nearly 30 cents on a...
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Good News! Texas Wind Power breaks new records for showing up to work fourteen to twenty-five percent of the time instead of the usual 8%! Bad news; every hour wind makes a megawatt, U.S. subsidies mean we Borrow $22 more dollars from the Chinese who make the confounded things Houston Chronicle (8/11/12) reports: The wind hasn't provided much relief to Texans during the recent run of 100-degree-plus days, but it has helped keep air conditioners humming…Texas' wind turbines, particularly...
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I guess that once you’ve done all the damage you can do, it is time to move along.  I wonder if Ron gets the concept of moral hazard yet E&E News (8/10/11) reports: Ron Bloom, an Obama administration official who helped oversee the auto industry bailout, will leave his position as a presidential adviser on manufacturing policy at the end of the month, the White House announced today…Bloom had previously served as the administration's "auto czar" and helped work on the restructuring of...
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For those of you scoring at home, Mitch used to be chief of staff to Senator McConnell and once upon a time ran the NRSC.  So maybe we might get some sort of pushback against the Obama Administration’s attempts to make sure that:  1) people have to pay more (a lot more) for cars; 2) automobile fleet turnover is consequently retarded (delaying all the environmental benefits that come with turnover; and 3) more people die in highway crashes than would have otherwise E&E News (8/9/11)...
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Real brave of you NYT to come out and say America can save money by raising taxes on oil and gas companies.How about we stop jerking energy producers around on a short leash and let them go back to work. New York Times (8/7/11) reports: If the Republicans are truly determined to slash the budget and end government waste, they will start with two obvious and long overdue cuts: ending the web of tax breaks enjoyed by the rolling-in-dough oil industry and terminating the ethanol subsidy....
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President Obama figured out how to drive down the price of gasoline by lowering demand. The downside? His policies have wiped out an entire year of wealth creation Fuel Fix  (8/5/11) reports: Oil prices extended sharp losses, falling to near $85 a barrel today in Asia amid expectations a slowing global economy will weaken demand for crude…Benchmark oil for September delivery was down $1.31 to $85.32 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile...
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