America’s abysmal 0.7% economic growth during the fourth quarter of 2015 meant the annual growth rate was an anemic 2.4% … and average annual growth for the six-year Obama era a pathetic 2.2 percent.
President Reagan once said, “The nearest thing to eternal life we will ever see on this earth is a government program.” The omnibus budget package being negotiated on Capitol Hill is a perfect example.
Congress concocted the mandates over fears that US gasoline demand would rise forever and keep the United States dependent on foreign oil, as America’s supposedly limited reserves were depleted. The mandates currently require that we blend 15 billion gallons of ethanol with gasoline every year, and produce over a billion gallons of biodiesel. They hammer us consumers every time we fill our tanks.
The global energy outlook has changed radically in just six years. President Obama was elected in 2008 by voters who believed we were running out of oil and gas, that climate change needed to be halted, and that renewables were the energy source of the near future.
Numerous articles document how European climate policies have been disastrous for affordable energy, economic growth, entire industries, people’s jobs and welfare, wildlife habitats and human lives. Even the IPCC, BBC[…]
As opposing camps gear up for the coming war this Congress over the Renewable Fuel Standard (RFS), we should prepare ourselves for a constant bombardment of claims and accusations designed[…]
[First posted at Warning Signs.] The rocketing costs of gasoline and the price of corn being paid worldwide are the result of U.S. government mandates requiring the inclusion of ethanol[…]
On the orders of President Theodore Roosevelt, from December 16, 1907, to February 2, 1909, two squadrons of naval vessels circumnavigated the globe in a display of the United States’[…]