A fact that many people do not know is that the US has not exported crude oil since 1975, when Congress banned the act. The reason back then was that domestic reserves where becoming depleted due to the 1973 Arab embargo. But that was over 40 years ago. So why is the ban still in effect?
Monthly Archives: August 2014
“The next twenty years will be completely unlike the last twenty years.
The world is in economic crisis, and there are no easy fixes to our predicament. Unsustainable trends in the economy, energy, and the environment have finally caught up with us and are converging on a very narrow window of time—the “Twenty-Teens.” The Crash Course, by Chris Martenson (Phd), presents our predicament and illuminates the path ahead, so you can face the coming disruptions and thrive–without fearing the future or retreating into denial. In this book you will find solid facts and grounded reasoning presented in a calm, positive, non-partisan manner.
This week’s book review takes a look at Of Paradise and Power: America and Europe in the New World Order by Robert Kagan.
This book is both short, to the point, and very readable. What Kagan does is analyze the different viewpoints of both the United States of America and of the European Union.
Robert Kagan, a leading scholar of American foreign policy, forces both sides to see themselves through the eyes of the other. Europe, he argues, has moved beyond power into a self-contained world of laws, rules, and negotiation, while America operates in a “Hobbesian” world where rules and laws are unreliable and military force is often necessary.
It is 1944 and the Allies are preparing for the invasion of Europe. In the occupied town of Sainte-Cecile, the French Resistance is preparing to blow up the chateau that now houses the crucial telephone exchange connecting the French telephone system to that of Germany. Bombers have been unable to inflict enough damage on the chateau to disrupt communications for more than a few hours at a time, but the Allies need to make sure that communications is down for longer so that there will be as little warning of the invasion as possible.
Our “thirty-is-the-new-twenty” culture tells us the twentysomething years don’t matter. Some say they are a second adolescence. Others call them an emerging adulthood. Dr. Meg Jay, a clinical psychologist, argues that twentysomethings have been caught in a swirl of hype and misinformation, much of which has trivialized what is actually the most defining decade of adulthood.
The media, government officials, economists, and nearly anyone else with mainstream attention talks about the unemployment level. They freely use it as a gauge of how well the economy is doing. The unemployment level has essentially become the official thermometer with which to judge the health of our economy.
But is it really enough? Can one figure, one form of measurement, truly be all that is necessary to gain a comprehensive idea of the state of our economy?