We need more oil. This is not secret. In fact it hasn’t been a secret for the last 30 years.
We’ve just been denying it:
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The energy crisis is real. It is worldwide. It is a clear and present danger to our nation. These are facts and we simply must face them.
That was Jimmy Carter speaking [...]
Archive for July 16th, 2008
More Oil!
Posted in Energy, tagged Moratorium, Obama, Oil on July 16, 2008 | Leave a Comment »
Mae, Mac and Indy
Posted in Economy, Finance, Politics, tagged Bank run, Fannie Mae, Freddie Mac, Housing, IndyMac, Paulson, Schumer on July 16, 2008 | Leave a Comment »
These last couple weeks has been filled with more economic woes.
IndyMac has failed, mostly fueled by speculation of its demise which forced a run on the bank. Always a dangerous thing. Part of it, if not most of it was fueled by a letter written by Senator Chuck Shumer of NY on June 26th. Midday [...]
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