New Colorado Law Might Stop Oil & Gas Drilling

By Michael Bastasch – Re-Blogged From WUWT

State’s Economy — Oil And Gas Drilling

From The Daily Caller

Legislation is headed to Colorado Gov. Jared Polis’s desk that would completely overhaul state permitting of oil and gas wells that’s got Republicans and the industry worried.

The bill, which passed out of the state Senate on Wednesday in a party-line vote, changes the make-up and mission of the Colorado Oil and Gas Conservation Commission, the state’s drilling regulatory body.

Once signed into law, officials will begin crafting a slew of new rules and regulations that critics fear could end up being a de facto ban on drilling in much of the state. Polis, a Democrat, is expected to sign the bill this week.

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New Inflation Indicator

By Keith Weiner – Re-Blogged From Gold Eagle

Last week, we wrote that regulations, taxes, environmental compliance, and fear of lawsuits forces companies to put useless ingredients into their products. We said:

“For example, milk comes from the ingredients of: land, cows, ranch labor, dairy labor, dairy capital equipment, distribution labor, distribution capital, and consumable containers.”

There are eight necessary ingredients, without which milk cannot be produced.

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Kicking Wells Fargo When They Are Down

By Rick Ackerman– Re-Blogged From Gold Eagle

As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn’t hurt that in the eyes of the Democrats and America’s flourishing grievance industry, many of the perps happen to be privileged white men. Wells Fargo’s bankers in particular have been bludgeoned worse than a pinata at a Cinco de Mayo party, and last summer they paid $575 million to end investigations by 50 states and the District of Columbia.

What did Wells do to deserve this shakedown? I can answer that question from personal experience, since I was one of the alleged victims. I came to possess about a dozen accounts at Wells, including business and personal checking, credit and debit cards attached to each, assorted savings accounts and related “plastic”. I didn’t need so many accounts, but Wells cheerfully opened them for me anyway over a period of several years, ostensibly so that I could enjoy all the features and privileges associated with each.

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What Causes Loss Of Purchasing Power

By Keith Weiner – Re-Blogged From Gold Eagle

We have written much about the notion of inflation. We don’t want to rehash our many previous points, but to look at the idea of purchasing power from a new angle. Purchasing power is assumed to be intrinsic to the currency. We have said that the problem with the word inflation is that it treats two different phenomena as if they are the same. One is the presumed effect of rising quantity of dollars. The other is the effect of rising regulatory and tax burdens.

Let’s use milk as an example. Suppose milk was $1 per gallon. Many would say that a dollar is worth one gallon of milk. Or, alternatively, a dollar’s purchasing power is one gallon of milk. Suppose that later, the price of milk goes up to $2. Then, people say that the dollar’s purchasing power falls by 50%, to half a gallon of milk. Regardless of what you call it, everyone would agree that the dollar buys less than it did.

Until now. Let us explain.

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Green New Deal – Boldest Tactic Yet to Advance U.N. Agenda 21

By Nancy Thorner – Re-Blogged From Illinois Review

Most people in America don’t even realize that tentacles of a dangerous United Nations program are being enacted in our nation’s cities and certainly our country, with the full cooperation of those in our highest positions of authority. It is so complicated and difficult to believe that many simply dismiss it, considering it just a conspiracy theory. But even a cursory investigation reveals it is very real and the evidence is easily attained.

This intrusive, all-encompassing plan that could eventually affect every aspect of our lives is known as “United Nations Agenda 21.”  It’s pure communistic in nature. We all must fight against it if we are to remain a free people and nation. The Green New Deal happens to represent the boldest tactic yet toward the full implementation of Agenda 21 here in this nation.

The specific plan, United Nations Agenda 21 Sustainable Development, was a product of The Rio Conference held at Rio de Janeiro from June 3 – 14, 1992.   It was to be implemented worldwide in order to inventory and control all land, all water, all minerals, all plants, all animals, all construction, all means of production, all energy, all education, all information, and all human beings in the world.  As such Agenda 21 marked a new beginning for the U.N., a decisive point of departure for the world organization.

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In Defence Of Free Markets

Why is it that no one defends free markets, and socialism, despite all the evidence of its failures, comes back again and again? Unsurprisingly, the answer lies in politics, which have always led to a boom-bust cycle of collective behaviour. Furthering our understanding of this phenomenon is timely because the old advanced economies, burdened by a combination of existing and future debt, appear to be on the verge of an unhappily coordinated bust. But that does not automatically return us to the free markets some of us long for.

Cycles of collective behaviour

Throughout history there have been few long-lasting periods of truly free markets. Contemporary exceptions are confined to some small island states, forced to be entrepreneurial by their size and position vis-à-vis the larger nations with which they trade. The governments of these islands know that the state itself is not suited to entrepreneurship. Only by the state guarding the freedom of island markets and the sanctity of property rights can entrepreneurs serve the people in these communities and create wealth for all.

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Frack’s Lacking Backing

By Steve Hawkes – Re-Blogged From The Sun

Theresa May has been urged to back fracking as company says it has found ’30 years worth of gas’ in East Midlands

Chemical giant Ineos claims the gas field in Nottinghamshire is the richest in UK history

THERESA MAY is today urged to back the fracking revolution as new tests signal the East Midlands is sitting on “30-years’ worth of gas”.

Ineos, Britain’s biggest private company, claims drilling results from its field in Nottinghamshire suggest “US levels” of shale gas under the soil.

Ineos Director Tom Pickering claims his company has seen the most significant drilling result so far in the short history of Britain’s shale industry
Tests found an average level of 60.7 standard cubic feet per tonne of gas – compared with an average 39 (scf) at a vast shale field in Texas.

Ineos Shale chief operating officer Tom Pickering claimed it was the most significant drilling result so far in the short history of Britain’s shale industry.