Tag Archives: oil

Newsworthy – Dec 7th, 2018

Pediatricians weigh in on the best toys for tots, Drake is the most-streamed artist of 2018, the Trump administration proposes changes to the USPS, and the Pentagon carries out flight over Ukraine.

Here are the top newsworthy items from this past week as shared on our Facebook page.

Read more

Advertisements

Don’t Stand for a “Flawed Democracy”

It hasn’t even been a full week under President Trump and the US has been downgraded from a full to a “flawed democracy”.

I wasn’t happy with the election results, but I decided to give Trump a chance and see whether he and a GOP led Congress can make some positive change.

It is very sad to say that the hope I held is already almost fully diminished.

Read more

Book Review: The Crash Course

“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.

Read more

High Gasoline Prices Keep Lid on Consumer Spending, Recovery

Gas prices are on the rise, once again, and they are leading to higher prices in other commodities as well.

The price of gasoline has reached $4 per gallon again in some U.S. cities, hurting consumers and businesses, especially those who are poor and middle class. High prices are containing the U.S. and world economy.

Before the onset of the war in Iraq, oil was $25/barrel, higher than normal, because of the strong economy up until 2000, and then September 11.

Not only was the Iraq War long and bloody, but speculators found opportunities to invest in petroleum due to the declining value of the U.S. Dollar; occasional outbursts of terrorism globally; or, even a hurricane.

Read more

What is ‘Fracking’

I read a BBC.com article on ‘fracking’ in the US. More specifically, this article discusses a new $20 billion project to open an export terminal in Louisiana where extracted natural gas will be shipped abroad. To give a brief overview, when the terminal was first started it was intended as an import terminal for natural gas. However, with recent discoveries of plentiful reserves, the US is moving towards exporting the energy source to countries such as the UK. A factor in this recent boom is the new innovations in the processes of discovering and exploiting natural gas reserves.

Hydraulic fracturing, or ‘fracking’, occurs when pressurized water is forced into the shale. Granules of sand in the water help make the fissures in the shale larger, allowing the natural gas to flow out. The 90 degree turn allows for a wider field of exploitation.

Read more