Drill, Dude, Drill
Yesterday the New York Times reported that the Monterey Shale, in California’s Central Valley, may be sitting on as much as 14.5 billion barrels of oil. Previously unreachable, modern ‘fracking’ technology has now put them within reach. As we’ve seen in states like North Dakota, with its Bakken Shale, fracking can bring an immediate boom […]
Barack Schwarzenegger
Following House passage of the Fiscal Band-Aid, President Obama was clear that he does not want a repeat of the past seven weeks’ drama. That may be true, but the bill he signed does exactly that both in the near-term (March) and the longer-term (December 31, 2013). It now appears that the country’s finances will […]