You have to laugh about comments from the US. China needs to devalue their currency, the EU needs to get its house in order, all because the above is causing uncertainty in the markets. Our treas sec latest: Europe hasn’t moved fast enough to solve its debt problems but a solution is within the region’s capacity, Treasury Secretary Timothy Geithner said on Tuesday. So our super committee hasn't reached a resolution on budget cuts so where is Geithner and our gov on that issue. Grid lock is permanent in the US so how do we tell others how they should act when we can't get our own house in order, what a joke. That obviously impacts stocks and HFC tho not directly. I'm sick of our gov ineptness on handling our economy + the fed should be disbanded as they bring nothing to the party. We are all being held hostage to these cronies in washington. They should all be voted out and if they new electee's can't get it, vote them all out, regardless of party affliation. They should all be held to the same standards as the rest of the population. AKA, they fall under SS + bene's and nothing more, forget about their own plan. That includes pensions as well as medical. If they have to live under what we do then let them enact laws in those areas but not until they are held to the same standards. Our gov has exempted themselves of the laws they pass for the rest of the country + that has to stop.
Wow, the washington post says we need to eliminate our carbon footprint. Unfortuantely they didn't pose the alternative, love those left wing news corps. Another wow, 750K bbls/day on rails?!?!?
As the Washington Post noted in a sharply-worded editorial after the Keystone-delay decision was announced, “The United States must reduce its dependence on fossil fuels, from any source, and it should encourage nations such as China to lower the carbon intensity of their economies, too. Even if that happens, though, the world will continue to use oil, with all the dirty realities that entails. Rejecting Keystone XL will not change that fact.”
7. Sue Me, Sue You: It probably wasn’t the best PR move for TransCanada to start threatening landowners with eminent-domain proceedings this fall. In Nebraska, the company sent out two rounds of letters stating its intent to exercise eminent domain within 30 days if an agreement was not voluntarily reached. A foreign company pressuring landowners even before it receives a federal permit to build a pipeline? Not smart. “It is presumptuous for the company to take on eminent domain cases before there is any decision made,” a federal official with knowledge of the permitting process told the Omaha World-Herald.
8. Oil aboard, redux: We discussed the increasing use of railroads (both in the U.S. and Canada) to haul crude in a recent column . The State Department apparently likes the idea, too: Part of Keystone was to be filled with oil from Montana and North Dakota, where a new oil play is producing rivers of new oil. By 2013, the State Department’s Keystone-delay review says, there will be enough capacity there to load 750,000 barrels a day onto railcars — up from just over 100,000 last year