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2008-03-10 Home Front Economy

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Posted by tipover 2008-03-10 00:25|| || Front Page|| [3 views ] Top

#1 We now live in a paradoxical era where many decisions are too complicated to be made by a group of imbeciles who have never done anything more intellectually rigorous than run for office, but at the same time, we don't want elite "technocrats" running things either. Honest politicians and scientists? Waaaaaay too much to hope for...

Posted by M. Murcek">M. Murcek 2008-03-10 12:41|| 2008-03-10 12:41|| Front Page Top

#2 Energy Independence and Security Act 2007

What a misnomer, like Religion of Peace. Also known as the alcohol (hic) producer's income security act.

the law limits US government procurement of alternative fuels to those from which the lifecycle greenhouse gas emissions are equal to or less than those from conventional fuel from conventional petroleum

Also limits US gov purchase, therefore private development of, coal (200 year US supply) or oil shale (100 years) based fuels. What's smarter, purchasing a barrel of high quality CTL diesel at $45 or West Texas Intermediate Crude at $100+. We are ruled by either by idiots or cynical greedheads. Put them in a black box and I'm not sure one could tell the two apart.

We produce less than half the oil we did during the 1973 Arab oil embargo and our leaders go around insisting nothing is wrong. Oh well. Hemp oil isn't prohibited. At least Willie Nelson and stoners across America have a song in their hearts.

Posted by ed 2008-03-10 15:35|| 2008-03-10 15:35|| Front Page Top

#3 Now it is starting to become clear why W was pushing back on this Gorbal Warming crap.

Hope you're happy, Moonbat in Chief Al.

Posted by gorb 2008-03-10 17:42|| 2008-03-10 17:42|| Front Page Top

#4 i work in a grogery store, and notice the prices go a few cents a time on every porduct in the and thats alot of diff items that everyone buys

Posted by sinse 2008-03-10 17:53|| 2008-03-10 17:53|| Front Page Top

#5 From http://www.businesswire.com/
The US oil import bill last year came to some $327 billion, and should easily top $400 billion this year. That's an increase of some 300% since 2002, according to PIW.

US Oil Import Bill
($-bill) Total . Crude .Products
2000 - 119.26 089.88 29.38
2001 - 102.74 074.29 28.45
2002 - 102.77 079.25 23.52
2003 - 132.44 101.80 30.64
2004 - 179.27 136.03 43.24
2005 - 206.06 138.94 67.12
2006 - 300.07 225.53 74.54
2007p 327.34 245.53 81.81
2008e 440.00 331.00 109.00
p-preliminary, e-estimated.

Posted by ed 2008-03-10 21:31|| 2008-03-10 21:31|| Front Page Top

23:55 Jan
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23:33 3dc
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23:17 Rambler in California
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