Let’s Export Oil
Posted in Main Blog (All Posts) on September 28th, 2014 11:08 pm by HL
Let’s Export Oil
Robert Samuelson, RealClearPolitics
WASHINGTON — One of the economy’s good-news stories is the oil boom, a derivative of the natural gas boom. When the drilling techniques used to tap vast new reservoirs of natural gas were applied to oil, they yielded similarly astounding results. Since 2008, U.S. oil production has increased from 5 million barrels a day (mbd) to 8.3 mbd in 2014. The U.S. Energy Information Administration says it could go to 9.6 mbd by 2019. By all logic, we should be working to sustain the boom. We aren’t, and therein lies a classic example of how good policy is held hostage to bad politics and public…
Middle-Class Squeeze: Costs Rise 32% While Wages Stagnate
Christopher Rugaber, RealClearPolitics
WASHINGTON — Three years ago, Jason Prosser was stunned to discover the cost of child care for his newborn son — so much so that he and his wife postponed having a second child. The day-care center they found near their Seattle home tops $10,000 a year. Next year, their son, now 3, can attend a Catholic preschool less than half as costly. “It’ll be nice to have enough relief next year,” Prosser said. “It’s just funny that the relief will be a private school.” He and his wife are among legions of middle-class families who are straining under the…
