Economics
That’s right, it’s a total myth. For those of you who are unfamiliar with how the commodities market works, here’s a primer. If you are a speculator who thinks the price of oil is going up, you have to find a speculator who thinks the price of oil is going down. Got that? You have to buy oil…
Today, President Obama totally contradicted himself in the same paragraph, but it’s nothing new. He’s trying to claim we’re drilling a bunch of oil as compared to the past, but he’s refusing to tell you the full story, which is not that hard to understand.
You have read the headline correctly. The Obama administration’s Commerce Department has imposed a tariff on Chinese solar panels imported from China. The administration complains the Chinese government has subsidized their own solar manufactures and unfairly put US manufactures at a disadvantage.
When the cost of doing business increases, the business can increase prices, take a lower profit margin, cut dividends, cut labor and R&D, or most likely a combination of those options. Basic business right?
It may seem simplistic, but wouldn’t measuring they buying power of your salary (or what’s left of it) in terms of gallons of fuel per hour make a certain amount of sense? Think about it: it will make the effects of increasing fuel prices something directly relevant to everyone except the minority of people that…
He’s serious, so much so, he’s created a task force to “look into speculation to make sure folks are not taking advantage of the situation on the global oil markets”. We’ve heard about oil task forces before … never seem to hear what they have found.
I’ll just point you over to Ed Morrissey at Hot Air.
If someone asked you about total college loan debt as compared to credit card and car loan debt, would you know that college loan debt was highest?
In 2010, the United States consumed about 3.28 billion barrels of gasoline. With 42 gallons per barrel, that’s 137.8 billion gallons. There are state and federal taxes collected at the pump. How much did government collect?
… and in 2011 manufacturing increased 11 percent from 2010. But you thought all of the manufacturing was leaving the United States?