US Action News

It is insane that Americans will be paying $4, $5 or more for a gallon of gasoline and it is insane to believe environmentalists when they tell you the Earth is running out of oil “by the end of this century.”

Since commodity prices tend to move in unison across the board, there could be some massive selling ahead – the proverbial “Blood in the Streets”, at least for anything commodity related

Yes, things really are that bad. The mainstream media has been really busy downplaying the economic impact of the disaster in Japan and the chaos in the Middle East, but the truth is that these events have huge implications for the global economy.

Gingrich speaking at the Conservative Political Action Committee (CPAC) in Washington called for an end to the EPA’s “war against American oil and gas.” He attacked the Obama administration’s environmental policies that “kill American jobs” and help our enemies. Gingrich also said the U.S. has more coal to produce energy than Saudi Arabia has oil to produce energy, and it is insane for our Government to hinder clean-coal technology and the building of coal-powered power plants.

If Obama wants to set us on a path to a sustainable-energy future – and a green one, too – he should propose a very simple solution to the current mess: eliminate all energy subsidies. Yes, all of them – oil, coal, gas, nuclear, ethanol, and wind and solar.

Alaska Governor Sean Parnell said “the federal permitting system is broken and we are paying the price. These appeals are not all about protecting the environment”

‘Follow the Money’ panel on the risks gas prices might become too high for most people to afford. The panel misses the most critical point of the dollar devaluation that is creating inflation in all commodities and especially oil. Recently Persian Gulf economists recommended giving up on the dollar.

GCC states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority (DIFCA).

Friday, 6 Nov 2009 – The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.

Energy produced by coal, natural gas, oil, or nuclear is energy that has changed from one form of matter to another. The attack on these sources of energy is a direct attack on the economic success of America and it is one that is at a dangerous peak of activity generated by the Obama administration, primarily through the Environmental Protection Agency.