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  • Monthly Archives: July 2008

    Tankosphere Today: July 25, 2008

    Global Warming Produces New Oil Boon – The Minority Report Well, Well, Well Hollywood couldn’t have written a more ironic twist to the potential outcome of global warming. While Man-made global warming alarmists are cowering in retreat… (tags: Environment, Oil) Mortgage Bailout Bill Is “Structurally Unsound,” $25 Billion Tab Is … More

    Congress Is Only Barrier Between Consumers and Arctic Oil

    America needs more oil, and we just found plenty. The United States Geological Survey (USGS) recently published its “Circum-Arctic Resource Appraisal: Estimates of Undiscovered Oil and Gas North of the Arctic Circle,” and this first-ever assessment of the entire Arctic region estimates are that it contains 134 billion barrels of … More

    Reauthorization of PEPFAR Likely to Yield Mixed Results

    On July 24, 2008, the House of Representatives voted to accept a Senate bill reauthorizing the President’s Emergency Plan for AIDS Relief (PEPFAR). The President is expected to sign it as soon as possible, to much fanfare, because of the popular program’s effectiveness in its first five years. Even though … More

    Time to Drill? Pelosi Says No Way

    Forget voting to lift a ban on offshore drilling; House Majority Speaker Nancy Pelosi isn’t having any of it. In fact, she won’t even let an offshore drilling debate hit the House floor. When asked why she was so adamantly opposed to offshore drilling she responded, “What the president would … More

    Free Trade Fact of the Day

    Fearing that the latest round of World Trade Organization negotiations are on the verge of collapse, the New York Times looks at what failure could mean for the world: Locking in lower farm subsidies would encourage direly needed agricultural investment in Africa and in poor nations that are struggling with … More

    Ethics, Shmethics

    Speaker Nancy Pelosi’s (D-CA) first act when taking over control of the House was to pass a bill that the Washington Post called “the broadest ethics and lobbying revision since the Watergate era.” Since then, it has become well documented that the government sponsored entities Fannie Mae and Freddie Mac, … More

    Yet More Oil Liberals Want to Cede to Foreigners?

    This week, the U.S. Geological Survey released a report estimating that the Arctic Circle contains 1,670 trillion cubic feet of natural gas — nearly two-thirds the proved gas reserves of the entire Middle East — and 90 billion barrels of oil. Unfortunately, the United States is far behind Russia in … More

    Morning Bell: More Evasions on Medicare

    Earlier this month, Anheuser-Busch was bought by the Belgian brewer InBev for $50.3 billion. As symbolic as the purchase was for American beer drinkers, the deal will have an even bigger impact on Belgium’s economy. A gross domestic product (GDP) of $378.9 billion makes Belgium the 28th-largest economy in the world. Now … More

    Housing Bailout Case Study in Rent Seeking

    Recently, a scandal has broken out that provides great insight into the housing crisis. Countrywide Mortgage brokers have been treating Congress to VIP lending rates. Accepting donations of $100 or more is illegal for these politicians, but scandals like this are not uncommon. The deeper question is why a profit-seeking … More

    Tankosphere Today: July 24, 2008

    The Great Swindle – Adam Smith Institute I’m pleased to see that The Great Global Warming Swindle is still up on the website of the UK’s Channel 4 television station, despite the communication regulator’s critical remarks on it… (tags: Environment) Has Real Median Household Income Fallen Since 2000? – The … More