USGS Survey shows huge oil-natural gas reserves in Arctic Circle

According to the New York Times, the United States Geological Survey (USGS) has just released a study showing that the Artic Circle holds one fifth of the world’s oil reserves.  Most of the oil and natural gas resources fall under current territorial claims.  As Russia, the United States and Canada begin to go after these [...]

Al Gore’s Nutty Idea

Vince Carroll, Editor of the Denver, CO based Rocky Mountain News dissects Al Gore’s outrageous proposal to replace all power generation with renewable sources in the next 10 years”
This would of course require utilities to mothball hundreds of existing power plants as they launched a crash construction program of solar plants, wind farms and transmission [...]

Privatize Fannie Mae and Freddie Mac-WSJ

The Wall Street Journal’s Holman Jenkins, Jr. makes a strong case for Privatizing Fannie Mae and Freddie Mac:
Sell off their regional underwriting offices to private investors. Don’t heed any guff about how Fannie and Freddie are “vital to the functioning of the U.S. housing market.” Houses would still need to be financed, and the private [...]

The wisdom of “hard power”

We regularly stand in awe of the wisdom of Charles Krauthammer.  This analysis of the reasons why Ingrid Betancourt was freed from her six years of captivity is a worthy example of a remarkable sage:
In the Bush years, hard power is terribly out of fashion, seen as a mere obsession of cowboys and neocons.  Both [...]

Pond Scum for Petroleum?

A July 5, 2008, Denver Post editorial, “Pond Scum to the Rescue?” touted a joint effort by ConocoPhillips and the Colorado Center for Biorefining and Biofuels to use algae (“pond scum”) as a biofuel alternative. The Post claims rather optimistically that this experimental process could “[fight] global warming and the OPEC oil cartel [...]

Boy survives Amazon forest; dies in father’s arms

From City News:
It is an incredible story of survival and a tragic tale of getting there too late. It concerns an 18-year-old from Brazil named Jonathan dos Santos Alves, who spent a harrowing and almost unbelievable 42 days lost in the Amazon rain forest, only to finally be found – and die in his father’s [...]

Oil Passes $145

From Brietbart.com:
Oil surged past 145 dollars per barrel for the first time Thursday as the weak US dollar and Middle East tension stoked black gold’s record-breaking run, analysts said. Brent North Sea crude for August delivery hit 145.11 dollars in early Asian trade, before easing back to 144.90 dollars. It had settled at a [...]

Trading sex for gas

From The Smoking Gun:
Kentucky woman is facing prostitution charges for allegedly trading sex for gasoline. Angela Eversole, 34, was nabbed last weekend during a police stakeout at a Days Inn, where she allegedly trysted with customer Kenneth Nowak. According to court records, Nowak admitted paying for Eversole’s services, in part, with a $100 Speedway gas [...]

Starbucks closing 600 stores

From the Seattle Post-Intelligencer:
For a decade it appeared there was no such thing as too many Starbucks for U.S. coffee drinkers, whose willingness to buy its $4 lattes and dark drip brews rationalized a second green-and-white mermaid awning just down the street – and sometimes even a third. But in a sign that those [...]

Saudi King: Get Used to Oil Prices

From Brietbart.com:
King Abdullah of Saudi Arabia, whose nation is the world’s number one oil exporter, called on consumer countries to get used to high prices in comments published on Tuesday. “Consumer countries have to adapt to the prices and the mechanisms of the market,” the king said in an interview published by the Kuwaiti [...]