Oil Prices
Mainstream Media Plays Catch Up. Again.
60 Minutes finally asks why gas started costing more than fine champagne last year. Better than late than never, we guess.
January 13, 2009 | Read More
Crude Awakening
Congress is talking tough about investigating oil speculation. That’s nice. But where were you guys when we were taking out third mortgages to fill up our gas tanks?
November 26, 2008 | Read More
The Consumer Comedown
After a housing crash, a speculation-fueled oil spike, and a credit crisis, the whole country is like a frat house after a three-day kegger. The beer’s gone. Someone smashed the furniture. Someone else drove his car through the front door. And the Dean is on his way over.
November 12, 2008 | Read More
Reason #95: The Great Shell (And Exxon) Game
Beyond the direct and indirect military costs for the Iraq War, this enormous mistake is bleeding our economy dry as well. At the outset of the invasion, oil was around $25 a barrel. Incredibly, hawks and war cheerleaders predicted military action would lower the cost of oil. We all know how well that’s worked out.
We’re already paying a almost half a trillion in interest every year for our national debt. Now, we’ll add to that billions more to service the debt we’ve incurred.
In their book The $3 Trillion War, Joseph Stiglitz and Linda J. Bilmes figure that the war has caused…
August 28, 2008 | Read More
