Yesterday, while speaking at a college in Virginia, President Obama laid the blame of high oil prices at the feet of speculators: Obama said that global oil supply is adequate and that speculators are driving up prices significantly. “It is true that a lot of what’s driving oil prices up right now is not the […]
The healthcare Gestapo is up to their old tricks: Health and Human Services Secretary Kathleen Sebelius today will release a new report showing more dramatic health insurance premium increases are proposed in Connecticut, Maine, Michigan, Oregon, Rhode Island and Washington. Keying off the Obama administration’s recent probe into a planned 39 percent rate hike from […]
Like many others I was shocked the other day to see gas jump up 25 cents in one day. Of course we start writing it off as “increased demand”, something we hear every year at this time. Well it looks like the Republicans also noticed the increase and now are going to use it for […]
Oil prices spike as Hurricane Gustav nears Gulf Every time a hurricane approaches the Gulf, we see oil prices spike. If we open up more off shore drilling, these spikes will send a tidal wave through our economy. With hurricanes become more frequent and stronger, can our economy handle oil prices that will be just […]
We feel the pinch every time we have to fuel up. Gas prices continue to climb closer to the $3.00 a gallon mark. Yesterday, oil prices alone hit an all time high of $66.00 a barrel, and expected to hit $70.00 a barrel within a week. So what lies in the future of our economy? […]