Trump: Oil Has Become “Less Valuable Than Water”

By Associated Press – Re-Blogged From Headline Wealth

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus.

THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds value and there are few places where that is more evident than oil.

Over the last quarter the price of crude has fallen harder than at any point in history, plunging almost 70%, to around $20 per barrel. Those are levels not seen since 2002.

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What Was Revolutionary About the American Revolution?

By Allen Guelzo

Everyone knows the basics of the American Revolution: thirteen North American colonies revolted against British rule and won their independence. But there’s much more to the story: the American Revolution, of all revolutions, was a game-changer for the entire world. How so? And most importantly, why? Renowned historian Allen Guelzo explains.

Please watch the VIDEO

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Heartland Institute Creating One-Page Climate Summaries Geared Toward Policymakers and Teachers

Via press release. Re-Blogged From WUWT

ARLINGTON HEIGHTS (March 12, 2020) – The Heartland Institute is excited to announce a groundbreaking new tool for policymakers, teachers, and anybody else interested in climate change. Heartland’s new ClimateAtAGlance.com website provides powerful, concise, one- or two-page summaries of the most important topics in the climate change debate.

Today’s climate debate is often fought over sound-bites and bullet points. Heartland has broken down 20 of the most frequently argued climate issues into short, “at-a-glance” summaries that provide the most important, accurate, powerful information. Bullet-points at the top of each summary provide quick, memorable information.

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Do You Solemnly Swear?

Stay with me on this… the purpose will become clear soon.

Assume (without laughing or crying) that our U.S. senators are honest individuals filled with integrity. Yes, I know, but stay with me…

They voted during the impeachment trial for President Donald Trump. They swore to uphold the following oath:

Do you solemnly swear that in all things appertaining to the trial of the impeachment of Donald John Trump, president of the United States, now pending, you will do impartial justice according to the Constitution and laws, so help you god?”

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What To Make Of The Bureau Of Lying Statistics’ Contradicting Jobs Reports

Employment has been the one stickler in my recession prediction for 2019, and finding a trustworthy measurement from the government’s statistics is like finding a virgin in a brothel. Depending on which official figures you look at, employment has refused to fall and new jobs are strong … or they stink.

We recently got two extremely conflicting reports from the same government agency that reveal, AGAIN, how dubious the official numbers from the government are. Because one report was stellar, the stock market blasted off like a rocket when it heard the news. Because the other report of the same item was abysmal, the stock market ignored it. The Fed, however, did not ignore it, and carries it in its official charts.

Climate Policy Debate’s Corpse

By Larry Kummer, Editor – Re-Blogged From Fabius Maximus

Summary: The climate policy debate ran for 30 years but produced little action (it ranks #17 of the public’s top 18 concerns). Now it has died. The autopsy reveals not just who killed it but also disturbing insights about America. This is post #404 in a series about climate change that I began 12 years ago.

Man drowning in sea - Dreamstime-27423027

ID 27423027 © Tom Wang | Dreamstime.

Bottom line: the climate activists are decisively winning. The science no longer matters in the public policy debate. Activists have moved beyond it and the major science institutions no longer defend it against the activists’ exaggerations and misrepresentations. There are rumors are that the IPCC’s Sixth Assessment Report will break with the past and fully embrace the hysteria. Meanwhile, skeptics are talking to themselves, like characters in Alice in Wonderland – vocal but effectively locked out of the news media.

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What If We Banned Frac’ing?

By David Middleton – Re-Blogged From WUWT

Note: This is a politically charged post. If you don’t like such posts, don’t bother reading it.

What would happen if frac’ing was banned?

The short answer: We all freeze in the dark. For the long answer, read the US Chamber of Commerce paper.

The 2016 report was intended to lay out the implications of reckless, if not treasonous, energy policy demands of politicians and activists.

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