AUSTRIAN ECONOMICS ADDICT

OPEC Future In Doubt As US Production, Fig Count Surge, at zerohedge.com. America’s shale revolution has changed the world oil market. OPEC wants to cut production to “balance the market”. What “balancing the market” means to OPEC is increased prices. Unfortunately for OPEC American shale is balancing the market. When the price of oil rises, because of OPEC’s production cuts, it now becomes profitable for frackers to produce more oil which ultimately lowers the price.

Inconvenient Energy Fact Of The Day, by Mark J. Perry, at carpediemblog. Solar and wind are going to provide a small percentage of of the worlds energy for the foreseeable future. So why are we wasting tax dollars to subsidize these non productive energy sources? It makes no sense outside of the political arena.

The Boston Globe Editorial Board Unloads On The ‘Pipeline Absolutism’ Of Environmentalists, by Mark J. Perry, at carpediemblog.com. Once again environmentalists activities are increasing the cost of energy. Excerpt from the article: “Why is LNG coming 4,500 miles for Boston from the Russian Arctic when the US is the world’s No.1 natural gas producer? The simple answer to the question is a lack of natural gas pipelines in New England due to the “pipeline absolutism” of anti-fossil fuel environmentalists who have blocked all new pipeline expansions…”

SpaceX CEO Elon Musk Updates Mars Colonization Plans, by Jason Davis, at planetary.org. I’m going to throw a wrench in the spokes of Elon’s plan. How will this colony be supplied with food, water, oxygen, and other supplies to sustain life on Mars? Since there are no Walmarts on Mars, these life sustaining supplies will have to be continually transported from Earth to Mars. Is this logistical nightmare even possible? And what would the cost be (probably to tax payers) if it was possible?

Why Don’t Schools Use The Most Effective Teaching Methods? By Joy Pullmann, at thefederalist.com. The simple answer is because our educational system is essentially a monopoly. Excerpt from the article: “ …and monopolies create very powerful special interests whose sole purpose is to protect those interests. And they undermine the public’s interests using the public’s money. In short, to get U.S. public schools to actively care about better instruction, what we need is some massive trust-busting.”

Loan Shark Nation: Forcing Our Kids To Choose Between Student Loans and Everything Else, at zerohedge.com. The result of Government taking over the student loan business is the cost of college has increased dramatically. Forcing our kids into debt serfdom.

How To Kill 300,000 Americans With Opioids, by Trey Goff, at mises.org. This is a great article explaining the unintended consequences of government intervention.

FBI Admits “Protocols Were Not Followed” Before Florida Massacre, at zerohedge.com. This isn’t the first time the FBI missed the warning signs of mass shooters and terrorists. But here are few points. 1) It is easier to connect the dots after the fact than it is before the fact. 2) I didn’t think we are allowed to profile, are we? 3) I think we all agree it is a good idea to keep guns out of the hands of people with mental problems.

CIA Argues The Public Can’t See Classified Information It Has Already Leaked To Favored Reporters, at zerohedge.com. Our “public servants” are really self servants.

The Media Stopped Reporting The Russia Collusion Story Because They Helped Create It, by Lee Smith, at thefederalist.com. Excerpt from the article: “But the first vehicles of the Russiagate campaign were not bloggers or recent J-school grads lacking wisdom or guidance to wave off a piece of patent nonsense. They were journalists at the top of their profession—editors-in-chief, columnists, specialists in precisely the subjects that the dossier alleges to treat: foreign policy and national security. They didn’t get fooled. They volunteered their reputations to perpetrate a hoax on the American public.”

CARTOONS

This entry was posted on February 19, 2018 at 1:49 am and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: American Shale Crushing OPEC Monoppoy, Cartoons, CIA Leaked Classified Info ToTo Press, Colony On Mars, Educatin Monopoly, Elon Musk, Environmentalists Stop LNG Pipelines, FBI and Florida School Massacre, Media and Russian Collusion Story, Opioid Problem, Solar and Wind Boondoggle, Student Loan Debt Serfs