Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise." This morning I outlined three possible contingencies for Republicans, none of which is especially attractive. But is there a fourth way? The GOP's dilemma is a doozy. Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...
that the US was a superpower in the 20th century but won't be in the 21st doesn't hold up so well now. Compare us to countries like China, which're going to be overwhelmingly dependent on energy imports. The US is in a much stronger position.” A sharp unprecedented increase in US crude oil drilling rigs are in operation. That means an unprecedented increase in US supply is around the corner. The US is still in its infancy for shale drilling. There's still a huge shortage of drill rig supplies, fracking crews. If you doubt any of this view this chart: files.dailywealth.com/images/psi-chart3.jpg Oil is now much cheaper in the US than it's in the rest of the world. That's a startling development that hasn't happened in more than 40-yrs !
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