Posts Tagged ‘energy’
A few years old, but still funny if you’re not North Korean, from The People’s Cube
Many consumers in the dark about Jan.1 start of light bulb phase out
Most plan to switch to compact fluorescent lamps, some plan to stockpile incandescent 60- and 40-watt bulbs
Read more at ComputerWorld.com
It’s spring and gasoline prices are soaring in Milwaukee, a trend that has become as predictable as the sunrise.
The price for a gallon of regular gasoline in metro Milwaukee is running nearly 40 cents a gallon higher than the U.S. average price, according to AAA and the Oil Price Information Service.
The national average for a gallon of regular is $3.52. The price in metro Milwaukee is $3.90. This time last year, a gallon of regular was selling for $3.88 in Milwaukee on average.
Read more by Joe Taschler of the Journal Sentinel
If we look at what’s skyrocketed in price (healthcare, college tuition), we find they are government funded and supported. This is not a coincidence.
Inflation is generally viewed as a monetary phenomenon (print money excessively and you get inflation), but let’s use a very simple definition: any loss of purchasing power. If your income buys fewer goods and services, for whatever mix of reasons (geopolitical, weather, monetary, fiscal, etc.), that’s inflation “on the ground.”
–SNIP– What differentiates medical and college costs from everything else? The Federal government’s direct role in these markets. The Central State directly spends over $1 trillion a year on Medicare and Medicaid, and controls private spending with rules and regulations.
As for college costs: could their incredible expansion have anything to do with the Central State backing $1 trillion in student loans?
Read more by Charles Hugh Smith at charleshughsmith.blogspot.com
Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country. By Monday, the price of a gallon of regular unleaded jumped 13 cents from last week in Detroit to settle at $3.99. The spike in retail gasoline prices follows a series of pipeline spills in Wisconsin and refinery shutdowns in Chicago and elsewhere. The impact of the string of industrial incidents on consumers in the region may be short-lived, but retail prices rarely decline as fast as they increase. The ‘cluster of bad luck’ leaves refineries shut down at a time when the region is using “summertime gasoline,” a blend not manufactured very much outside of the Midwest.
Read more by Daniel Graeber of OilPrice.com
The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.
The GAO testimony said that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.
Read more by Terence P. Jeffrey at CNSNews.com