Executive Orders To Fast-Track Oil And Gas Pipelines

 

Michael Bastasch From The Daily Caller – Re-Blogged From WUWT

  • President Donald Trump signed two executive orders to speed up oil and gas pipeline projects.
  • Trump seeks to curtail the ability of states, like New York and Washington, to kill vital energy projects.
  • New York Democratic Gov. Andrew Cuomo blocked gas pipeline projects, triggering an energy crunch in the northeast.

President Donald Trump signed a pair of executive orders aimed at speeding up oil and gas pipeline permitting, including limiting the ability of activists and states to block key energy projects.

Trump signed the orders Wednesday at an International Union of Operating Engineers’ training center near Houston. Some labor unions have pushed back against Democrats’ anti-fossil fuel agenda, including the recently introduced Green New Deal.

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Interior States Take on Coastal States over Climate-Related Project Approvals

By Ben Lieberman – Re-Blogged From Competitive Enterprise Institute

When the state of Washington rejected a proposed new coal export facility in 2017, it probably expected the usual appeals from the project’s developers. But it may not have anticipated a constitutional battle supported by eight interior states under the Commerce Clause.

The proposed Millennium Bulk Terminals coal export facility would be located in Washington state along the Columbia River, and it would have sent Wyoming and Montana coal on its way across the Pacific to buyers in Asia. But under section 401 of the federal Clean Water Act, such projects require approval by impacted states, which Washington denied.

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Trump Administration Considers Using West Coast Military Facilities for Coal & LNG Exports

By David Middleton – Re-Blogged From WUWT

The Trump Administration appears ready to put the assets of the US armed forces to work in defending US interests in the Global War on Weather.

West Coast military installations eyed for US fuel exports

Originally published October 15, 2018

The administration is interested in partnering with private entities to ship coal or liquefied natural gas through naval installations or other federal facilities, Interior Secretary Ryan Zinke said.

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Seattle’s ‘Tax-the-Rich’ Measure Spurs Freedom Foundation Lawsuit

By Rob Williams – Re-Blogged From Newsmax

The Freedom Foundation, a conservative think tank, sued Seattle after its city council passed a measure in July that would place a 2.25 percent income tax on wealthier residents.

The tax was estimated to affect the 9,000, or 2 percent, of the city’s taxpayers – people who make more than $250,000, or $500,000 for couples filing jointly.

The lawsuit, filed on behalf of 19 Seattle citizens, alleges the proposed tax violates the state constitution and restrictions on cities to impose income taxes, The Wall Street Journal reported. Another group called the Opportunity for All Coalition, founded by Seattle venture capitalist Matt McIlwain, filed a lawsuit the same day, the newspaper said.

Image: WSJ: Seattle's 'Tax-the-Rich' Measure Spurs Freedom Foundation Lawsuit

Stock Buy Backs Are Nay Votes

cropped-bob-shapiro.jpg   By Bob Shapiro

Stock prices change minute to minute based on investor perceptions and emotion. Investors compare the current price with current – and expected – earnings.

Over the longer term, it is earnings which will determine the trend of a stock’s price history. You would (correctly) expect that if Company A’s earnings rose by 25% a year for 10 years, while earnings for Company B fell by 25% a year, that the price of Company A stock would have gone up dramatically, while the stock of Company B would have fallen drastically.

One metric that investors use to compare the stock of different businesses is the PE Ratio – a simple division of the Price by the Earnings per Share (usually for the last 12 months). As optimistic investors put more money into a particular stock, the price goes up, and with it the PE Ratio also goes up.

Optimism implies that investors expect the future prospects for a business to be good. If business really is going to be good, you would expect the managers to try to put more capital to work. The business can get this capital in several ways.

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Business Cycles and Government Decisions

cropped-bob-shapiro.jpg   By Bob Shapiro

Economic conditions tend to run in cycles. Pressures build, official efforts are made to contain any perceived bad effects, and at some point, the pressures overwhelm all opposition. The cave-in frequently, but not always, sets pressures in motion in the opposite direction.

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The Business Cycle & Government

cropped-bob-shapiro.jpg   By Bob Shapiro

Sometimes, people make stupid choices.

Wait! Let me be more kind. Sometimes, people make choices which don’t work out as well as they had hoped.

You may have a passion for reproductions of historic horse and buggy rigs, and you decide to invest your life savings to open a plant to produce buggy whips. My expectation (I certainly can be mistaken myself) is that your venture won’t meet your profit hopes.

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