Studies show that historically, around 90% of US recessions post World War II were preceded by oil price shocks. The most recent occurrence took place when oil more than doubled in price from January 2007 to July 2008 due to a sharp increase in Chinese demand. The pullback of US consumer and corporate spending already put a drag on economic growth before the subprime-induced financial crisis closed the deal on the Great Recession.
Post Tagged with: "gas prices"
April 17, 2012 05:27
Overthrowing Environmentalism
The lies required to maintain environmentalism and its vast matrix of laws and regulations are being publicly rejected and a recent example is a letter sent to NASA administrator by fifty present and former astronauts, scientists, and engineers who work for NASA is a seminal moment, not unlike Martin Luther’s 95 theses nailed to the door of the castle church in Wittenberg.
April 15, 2012 15:43
Four more years of this insanity?
Yates Walker has assessed Obama’s term succinctly in 231 words. – The Daily Caller
April 15, 2012 14:42
“Greenbacks” energy boondoggles versus real energy
Wind, solar, algae and switchgrass companies take billions in Other People’s Money. They pay virtually no taxes, and provide virtually no usable energy, except in the minds and press releases of their promoters.
April 15, 2012 14:31
Power Grab for Natural Gas – New Executive Order
The new Executive Order issued [Friday the 13th], “Supporting Safe and Responsible Development of Unconventional Domestic Natural Gas Resources” must give you pause.
April 11, 2012 04:58
Supply matters – tell Obama
Oil traded near its lowest price in almost two months in New York after an industry report showed stockpiles rose for a third week in the U.S., the world’s biggest consumer of crude. – Bloomberg.com
April 10, 2012 05:22
Is Obama ‘Dangerously Close To Totalitarianism’?
Given the president’s end-runs around Congress, his shredding of the Constitution and his assault on the authority of the courts, a second term free of electoral restraints may be a frightening prospect. – IBD Editorials
April 10, 2012 05:03
“PC” power is not “sustainable”
Increasing pain at the pump and plug underscore the reality that Mr. Obama’s energy policies are anything but all-inclusive, and his PC power is anything but sustainable – though they certainly are transforming our country.
April 9, 2012 11:30
Obama feels your gas pain at the pump – still wants higher gas prices
To paraphrase Grouch Marx “Who ya gonna believe, Obama our your own eyes?” Obama and prominent Democrats railed against high gas prices under Bush but what is the excuse now? It’s all lies, lies and damned oil lies. Obama will say anything. To him the ends (his power) justifies the means. He taught Saul Alinsky tactics as a young community organizer.
April 6, 2012 12:28
In case you forgot – Obama wants higher energy costs
Obama warned Americans that he wanted higher energy prices. Higher energy prices mean higher prices for everything. Everything uses energy in manufacturing and / or distribution. He couldn’t get his cap and trade scheme passed so he’s doing it with the EPA.
