By Nathan Barton
On Friday the 3rd, Greg Guenthner over at Daily Reckoning published a good article, “You’ll Never Believe How Low the Price of Oil Can Go…” which I actually didn’t get to read until late Monday, when his immediate prediction of oil prices came to be proved correct, as oil has dropped and closed below $90, the lowest in more than 20 months, despite the fact that inflation has been galloping away otherwise. He is reporting that it could reach $60/barrel, a 50% drop from where it has been ($90) for the past week or so and well below its highs in recent months. That is, of course, good for Americans in general, and is primarily a result of lots of oil coming out of the ground (with LOTS of human help, of course) right here in the Fifty States: North Dakota, Texas, and elsewhere. The nice stuff, not the nasty Alberta tar sands oil. And decades and decades of supply of the stuff, to boot. Continue reading →
Libertarian Commentary on the News, #14-40E: Home Front
By Nathan Barton
Good morning. Again a raft of cop abuse and school abuse from across the nation. Dream of a land where peace officers are limited to night watchmen and private firms hired to investigate real crimes, and schools are competing for parents to send their children there (or come to the home). And a land where we respect privacy and people in general, and don’t have to worry about people democratically voting to take away our liberties. Continue reading →