The economic arguments against subsidies include the one that government should not pick “losers” over “winners.” Fair argument. But the reality of Republican Whip Eric Cantor’s “You Cut” scheme: just about all the suggested programs are those that (surprise!) would be in the tea party’s crosshairs. What about Republican-supported programs?
The financial reform legislation in Congress, the Dodd-Frank act, is sure turning into a monstrosity. Now it’s totaling over 2000 pages. Tucked away in the bill, in a “miscellaneous provision,” Senator Richard Lugar of Indiana slipped in language covering the disclosure of revenues from oil and mineral extracting companies.
More than three weeks after the Deepwater Horizon oil rig exploded, over 200,000 gallons of petroleum a day is still spilling out into the Gulf of Mexico. Meanwhile, the blame game is fully underway. Regardless of who is to blame, these photos show what is at stake.
Probably not. Despite the oft-heard cliché, history does not repeat myself. But once again, an unpopular Argentine government is stirring up deep nationalistic feelings as a distraction from its failed policies. I have vague memories, around junior high years, when Argentina’s then-military junta, unable to tackle growing economic problems, diverted attention by invading the [...]
“Oil of coal, of course, is a fungible commodity and they don’t flag, ya know, the molecules where, where it’s going to, where it’s not, but and in the, in the sense of the Congress today they know our very, very hungry domestic markets that need that oil first.” No that wasn’t Tina Fey, [...]
Last month I mentioned that the future of alternative energy could hinge on investment from big oil. Well, it’s certainly looking that way. (more…)
Oil companies are easy targets. Well, first of all they are big, we see their logos everywhere, and we can picture folks like Dick Cheney and his cronies in an underground secret conference room, plotting to pollute the world while lining their pockets, laughing like Heath Ledger’s Joker while they conspire to sabotage any new [...]