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In the midst of an election year, tied to a flurry of headlines about high prices for gasoline, there have been a lot of questions about the value and significance of government subsidies for the oil and gas industry. On a global scale, a closer look at the role of government subsidies reveals that they can be very much to blame for high oil prices. The “S” word It is becoming clear that the Europeans will not get it together to save the Euro and avoid a major debt crisis. I guess we can hope that the next major crisis intervention meeting will produce results that prop things up for more than two days, but I’m not holding my breath. The European approach has been characterized by draconian hard money policies and a demand for austerity, whether deserved (Greece) or not [...] by DFA Two local news stories tell the tale here in NE FL… 1st, our property taxes are going up 8% next year (think about that number – one year!!!) and that comes after two years of lesser though still significant increases… 2nd, our monopoly utility company was just granted a 6% rate increase across the board (elec, water, sewer)… Oh, the joy!!! My gov’t tells me the CPI is essentially flat… [...] |
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