Bill Gates Apparently Doesn’t Understand How the Private Sector Works

Given the amount of money Bill Gates has made, one would think he already understood how the private sector works. But his recent comments concerning green energy research and the public and private sector makes me think he has no idea what he’s talking about: Yes, the government will be somewhat inept… But the private […]

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Is Wind Power Viable? Denmark Thinks So

On a particularly windy day in Denmark last Thursday, wind turbines were able to collect 140% of Danish electricity needs and export some to other European countries as well. This is causing some people to think wind power and other renewable energy sources might be sufficient to power the whole world: “It shows that a […]

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Do We Need A Gas Tax Hike to Repair Our Aging Infrastructure?

Democrats in most states are calling for a gas tax hike in order to pay for road repairs and construction. Most Republicans resist any new taxes out of hand, but even they don’t now how to fund infrastructure repairs and construction without either raising the taxes or going further into debt. Conservatives don’t like either: […]

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As Expected, Obama Vetoes Keystone Pipeline Bill

We can’t say we didn’t see this one coming. Obama has vetoed the bill allowing the construction of the Keystone Pipeline, giving himself control over its future: With no fanfare and a 104-word letter to the Senate, Mr. Obama vetoed legislation to authorize construction of a 1,179-mile pipeline that would carry 800,000 barrels of heavy petroleum […]

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Drop in Gas Prices Will Reverse by the Fall

According to a former executive at Shell Oil, we should expect to see gas prices go back up by the fall of this year. The reason? American oil producers are idling their oil rigs in this time of overabundant supply: In an interview with CNBC, former Shell Oil President John Hofmeister predicts that U.S. oil […]

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Oops! Your Electric Car is Not Better for the Environment

It’s probably the case that you are not helping the environment with your 100% electric car. That’s because, even though you aren’t using pollution-emitting fuels inside your engine, you are using them to make your electricity. That is, unless something drastically changes to produce a cleaner electricity grid for the US. So, oddly enough, a […]

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The Dwindling Power of OPEC

As if you hadn’t noticed, gas prices are plummeting. You may have wondered why this is the case. There is really one main reason, and it is shaking things up for OPEC. The US is producing far more oil than it ever has before: Opec nations are producing about 200,000 bpd more than their agreed […]

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