The news out of Japan about the earthquake and tsunami that are likely to have killed more than 10,000 people. This is a sad and devastating disaster to the people of Japan. It is made worse by the fear that is spreading as a result of the problems at the nuclear reactors at the Fukushima […]
(CNN) — The explosion Tuesday at Japan’s Fukushima Daiichi nuclear plant has elevated the situation there to a “serious accident” on a level just below Chernobyl, a French nuclear official said, referring to an international scale that rates the severity of such incidents. The International Nuclear and Radiological Event Scale — or INES — goes […]
Japan races to avert multiple nuclear meltdowns this Sunday. An explosion caused by hydrogen buildup Saturday blew the roof off a concrete building housing the Daiichi plant’s No. 1 reactor. At a second plant, in Onogawa, excessive radiation levels also were recording radiation up 400 times. The Japanese government is assuming, but has not confirmed, […]
A CNN report Friday revealed the stark reality that gas prices have risen by 37 cents since February 22, reaching an average of $3.50 per gallon nationwide. Prices are expected to follow an upward trajectory in coming months. At Friday’s press conference on rising gas and oil prices, the President correctly stated that families, consumers, […]
(Reuters) – U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday. The average U.S. household will spend about $700 more for […]
The oil price spike, driven by instability in the Middle East, has the potential to cause repercussions in the U.S. housing market, according to Barclays‘ Luca Ricci. The simple reason why a rise in crude prices could tank the housing market is that it has done it before. From Barclays’ Luca Ricci (emphasis ours): The […]
Award-winning journalist Arnaud de Borchgrave tells us that the increasingly volatile situation in the Middle East could push the price of oil quickly to $300 or even $400 a barrel. De Borchgrave, who has interviewed Moammar Gadhafi six times, also says the Libyan leader is manic-depressive who is going through a manic phrase where he […]
The former president of Shell oil is predicting that the United States will face 1970s-style energy shortages and rationing by the end of the decade, accusing the federal government of turning its back on the country’s domestic oil supply. The dire prediction comes as energy analysts toss out a string of frightening predictions about the […]
WASHINGTON — The Spanish professor is puzzled. Why, Gabriel Calzada wonders, is the U.S. president recommending that America emulate the Spanish model for creating “green jobs” in “alternative energy” even though Spain’s unemployment rate is 18.1 percent — more than double the European Union average — partly because of spending on such “green” jobs? Calzada, […]
Businesses are facing increasing uncertainty — temporary tax rates and burdensome regulations are just two of the factors slowing America’s economic recovery. Now even Kris Kringle is voicing concerns. Jolly Old Saint Nicolas is the star of a new video from Bankrupting America, a group that shines the light on policies slowing economic opportunity in […]
