Jun 06
From an Op-Ed piece in a recent New Your Times story titled, “Dumb as We Wanna Be“:
“Congress has been bickering over whether and how to renew the investment tax credit to stimulate investment in solar energy and the production tax credit to encourage investment in wind energy. The bickering has been so poisonous that when Congress passed the 2007 energy bill last December, it failed to extend any stimulus for wind and solar energy production. Oil and gas kept all their credits, but those for wind and solar have been left to expire this December.”
Dumb, indeed. Our congresspeople are talking about windfall profit tax out of the left side of their mouths while voting for oil and gas credits from the right. As Seinfeld would say, “what’s up with that?”
Joe
written by JOE
\\ tags: congress, Finance, gas, oil
May 30
Back in September, I wrote an article titled “All That Glitters“, and expressed my thoughts on gold as an investment. Recently, I’ve seen more charts that compare the price of oil and gold by forming a ratio, the number of barrels of oil that an ounce of gold will buy. First, on CNBC’s Kudlow and Company, and more recently in an Economist article borrowing my September story’s title. From that article, I offer this chart:
What conclusion do we draw from this chart? Gold priced too low? Oil too high? I believe both are in bubble territory, each for its own reason. Only time will tell who is the right prognosticator.
Joe
written by JOE
\\ tags: Finance, gold, money, oil, Savings
Mar 17
On Feb 13th I posted Unintended Consequences III and talked about the conflict between crops used for food vs biofuels.
I just found a New York Times article “A New, Global Oil Quandary: Costly Fuel Means Costly Calories” which discusses this topic and confirms my fears.
Joe
written by JOE
\\ tags: Finance, food, fuel, oil, power, solar
