Porter Stansberry: End the Ban on US Oil Exports

Porter Stansberry doesn’t mince words. Politicians? Scumbags. People in general? Lazy. Laws against oil exports? Disastrous. In this interview with The Energy Report, the Stansberry & Associates Investment Research founder argues that oil exports could usher in an era of unprecedented prosperity, if legislation would only allow it. However, he says there’s no holding . . . → Read More: Porter Stansberry: End the Ban on US Oil Exports

Things to worry about

Is this not one of the biggest threats to Pittsburgh’s economy in years?

AP:Army Corps cuts river flow, raising barge worries on Mississippi

Why a local economic story? A lot of this stuff is not leaving here by plane:

If you dig into that export data lots of things pop out.  The value of . . . → Read More: Things to worry about

Waiting for Exports – Shale Gas Version

Something that might be of minor interest across all of greater Frackylvania.

A new report just out from Rice University debunking some assumptions about the future of natural gas in the US.  Read:  U.S. LNG Exports: Truth and Consequence

So if we do not start exporting it… where will it all go? Still waiting . . . → Read More: Waiting for Exports – Shale Gas Version

Leave no hagiography behind

I don’t quite have it in me to wade into the ever and yet again ascendant assessment issues in Allegheny County…. leaving me a bit factoid deficient for the day.

So apologies a bit for the echo chamber-ness of this, but Jim R. has some interesting catches for the day. One is a whole . . . → Read More: Leave no hagiography behind

Spot the Fallacies, Free Trade Edition

From Mises.org, in response to Obama’s claim that international trade isn’t always fair:

Here we see the view, commonly held by the media and non-economists in our universities, that international trade is a competition, analogous to sports or military competition (sometimes, “trade competition” is compared to the Cold War). If the playing field is . . . → Read More: Spot the Fallacies, Free Trade Edition

A Troubling Sentence

From the Grey Lady:

The United States trade deficit surged in January to the widest imbalance in more than three years after imports grew faster than exports.

This is not a good sign. The US economy is predicated on false demand, by which I mean that the US, and the citizens thereof, buy a . . . → Read More: A Troubling Sentence

Be skeptical. Be very skeptical.

In recent months, we’ve had a few slip-ups by the official statistical system in India:

Yesterday’s IIP release was preceded by a mistake. Mint says: On Monday, the government was guilty of a similar error in its factory output data. Till it corrected the number pertaining to capital goods output, analysts were left scrambling . . . → Read More: Be skeptical. Be very skeptical.

Porter Stansberry: U.S. Shifts to Gas Export Role

With America “the Saudi Arabia of natural gas,” as Stansberry & Associates Investment Research Founder Porter Stansberry puts it, U.S. energy independence is no longer a pipe dream. It’s evolved from political posturing to promise based on practical factors that he shares in this Energy Report exclusive. Porter’s “incredibly bullish” outlook stems in part . . . → Read More: Porter Stansberry: U.S. Shifts to Gas Export Role

Daily Ranking - Education Impacts

Daily ranking via the Boston Herald – Top 10 Metro Areas impacted by higher education listed in: Education a Growth Industry.

Pop Quiz

Q: Who said this:

Second, the idea that U.S. economic difficulties hinge crucially on our failures in international economic competition somewhat paradoxically makes those difficulties seem easier to solve. The productivity of the average American worker is determined by a complex array of factors, most of them unreachable by any likely government policy. So . . . → Read More: Pop Quiz