Hubbert's Peak

The 15 Biggest Congressional Recipients of Wall Street Campaign Cash

Reforming Wall Street is a hot topic on Capitol Hill these days. Congress is currently weighing two financial reform bills that would, to varying degrees, reshape the way the financial system is regulated.

It Doesn't Matter if a Republican or Democrat is in Office, the Hustle Remains the Same

The financial crisis hasn't been kind to General Electric Co. Its stock has lost almost half its value, the government has stepped in to prop up its enormous financial arm, and sales have slumped in core industrial businesses.

Military Stimulus?

The defence bill President Barack Obama will sign into law on Wednesday contains a new provision that would pay Taliban fighters who renounce the insurgency, Senate Armed Services Committee Chairman Carl Levin said on Tuesday. Pure genius...

Peak Oil Still in the Cards

"The IEA in 2005 was predicting oil supplies could rise as high as 120m barrels a day by 2030 although it was forced to reduce this gradually to 116m and then 105m last year," said the IEA source, who was unwilling to be identified for fear of reprisals inside the industry.

10 States Face Budget Crisis

The 10 most troubled states are: Arizona, California, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin.

'We have already entered peak oil,' IEA source reportedly claims

Two International Energy Agency whistleblowers have come forward with startling claims about the world's supply of crude oil, according to a report published Tuesday.

Progressive Liberals Push for Financial Transaction Tax

While it would seem fitting that a tax levied at the brokerages and institutions responsible for our present day maladies be brought to the table, one must look deeper than simple revenge and see that this is a problematic resolution.

Semi-truck Boat Tail Improves Fuel Efficiency 7.5%

Wow, a really interesting concept that has been shown in practice to be workable and efficient! 7.5% improvement is pretty darned good!

The Worst is Yet to Come

What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years.

Obama creates 640,329 jobs at a cost of $323,739.83 per job

Funds paid out so far = $83.8 billion + $52.1 billion + $71.4 billion = $207.3 billion $207,300,000,000 / 640,329 = $323,739.83 per job created

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