When it comes to combating Climate Change, money talks and nonsense walks and, some are calling nonsense on an agreement made by the u. S. And china today on Climate Change. Announced in beijing during president obamas visit. John kerry called it a milestone. President obama said a new target that would cut u. S. I mention is by as much as 28 of 2005 levels over the next decade. The chinese president wouldnt commit to carbon cuts instead he set a target date for chinas emission to his peak li by 2030. But power economics will stand in the way of new regulation, Industry Groups here in the u. S. Claim mandated cuts in Greenhouse Gas emissions have cost the economy 2040 and 52 billion a year in lost production, the u. S. Chamber of commerce, the allpowerful business lobby in washington predicts the economy will lose 224,000 jobs per year on average, between now and 2030. Because the emission cuts will be costly to industry, and weaken Economic Growth. The white house has fired back with
When it comes to combating Climate Change, money talks and nonsense walks and, some are calling nonsense on an agreement made by the u. S. And china today on Climate Change. Announced in beijing during president obamas visit. John kerry called it a milestone. President obama said a new target that would cut u. S. I mention is by as much as 28 of 2005 levels over the next decade. The chinese president wouldnt commit to carbon cuts instead he set a target date for chinas emission to his peak lie by 2030. But power economics will stand in the way of new regulation, Industry Groups here in the u. S. Claim mandated cuts in Greenhouse Gas emissions have cost the economy 2040 and 52 billion a year in lost production, the u. S. Chamber of commerce, the allpowerful business lobby in washington lose 224,000 jobs per year on average, between now and 2030. Because the emission cuts will be costly to industry, and weaken Economic Growth. The white house has fired back with its honest mat. It claims
A stiptypical family could save 1100. They provide greater Economic Relief to low income households and Senior Citizens on fixed incomes. Even better they do not require a dime of taxpayer money. No one has to wrestle this tax cuts. Low prices patrolling are spending power. Residential heating down 1. 33 residential propane down 1. 40. Every dollar consumer save while fueling their cars and heating their home is one they can use to purchase other goods and services. This is all great news for American Consumers but not every one is celebrating lower energy prices. Crude is below break even prices. Russia iran and venezuela need Brent Crude Oil prices well past 100 per barrel to balance their budget. Mostly because brent crude prices have plummeted by 50 during the same time. On monday brent crude traded at 57 per barrel. Thats 58 less than its peak. Russia needs brent to trade around 107. Ie venezuela needs prices to go to 151. Around 50 of its annual budget from the oil and gas indust
Low gas prices act distributed to every american. A stiptypical family could save 1100. They provide greater Economic Relief to low income households and Senior Citizens on fixed incomes. Even better they do not require a dime of taxpayer money. No one has to wrestle this tax cuts. Low prices patrolling are spending power. Residential heating down 1. 33 residential propane down 1. 40. Every dollar consumer save while fueling their cars and heating their home is one they can use to purchase other goods and services. This is all great news for American Consumers but not every one is celebrating lower energy prices. Crude is below break even prices. Russia iran and venezuela need Brent Crude Oil prices well past 100 per barrel to balance their budget. Mostly because brent crude prices have plummeted by 50 during the same time. On monday brent crude traded at 57 per barrel. Thats 58 less than its peak. Russia needs brent to trade around 107. Ie venezuela needs prices to go to 151. Around 5
They are not the same people dedicated to producing the light, sweet crude thats produced in the oil sector, for the most part. So if you offer discounts to asian consumers at large so that they become beholden to your type of oil and they build refineries specifically dedicated troo processing your type of oil its going to be harder for them to switch to somebody elses oil down the line. So it makes sense to keep the price a bit lower right now so that asian consumers build up refinery capacity for medium and heavy sour sulphur rich, saudi type oil, and you try and guarantee your market down the road when you will be putting on the brakes and sending prices back up. Okay, this is kind of thinking about the supply and demand side of the market, but there are other factors that we need to think about that i think people dont often like to consider. And that is that the saudis, the qataris and their friends in the gulf on the sunni side of the aisle have created a monster. By funding rad