Four decades ago this month, members of the Organization of the Petroleum Exporting Countries (OPEC) launched an oil embargo against the United States in retaliation for our steadfast support of Israel in her hour of need. As the Jewish State fought off the Soviet-backed Egyptian and Syrian armies in what would become known as the Yom Kippur War, the OPEC cartel's actions sent the price of oil soaring and our economy into a recession.
Sadly, 40 years later, we have not learned the appropriate lesson from that experience: We must disconnect our oil-dependent transportation sector from OPEC and the associated national oil companies that together manipulate the global oil market to harm America. Americans are vulnerable to OPEC's manipulation in large measure because oil is the dominant fuel of the American economic engine, and because it holds a monopoly position in our transportation sector, accounting for 93 percent of its fuel base. Therefore, even as oil prices skyrocket, American motorists and businesses have no choice but to spend more.
In the years since the embargo officially ended, OPEC and national oil companies have leveraged this structural vulnerability to their benefit. They have done so by sticking to an anti-competitive playbook that enriches their coffers and weakens our economy. more >>
1. Having Bible Study
- A great way to strengthen the body. The spiritual one that is!
- Build a personal relationship with God and come closer to your Christian brothers and sisters in the love of Christ. more >>
We're all paying more at the pump. It's hurting consumers and dangerous for the fragile economy. And, it's because of a Washington handout to corn farmers and big Wall Street banks – all disguised as a measure to promote renewable energy and clean-burning fuels.
The Renewable Fuel Standards (RFS) mandates an ever-increasing floor of ethanol be mixed with gasoline. The bill, which was expanded under President Obama, ensures a baseline level of demand for ethanol, distorting the market and sending the price of corn substantially higher. That's because gasoline refiners have to purchase ethanol, regardless of the price.
So, corn prices tripled, which has factored its way into the prices of other agriculture products. In fact, the Congressional Budget Office estimates that the impact of the RFS is so broad that ethanol subsidies account for 10-15 percent of the rise in overall food prices. In terms of the overall economy, the RFS is expected to cause a decline of $770 billion in GDP in 2015 alone. That's real economic activity, which translates to real jobs and incomes for Americans throughout the country. more >>
NEW YORK – Former U.K. Prime Minister Tony Blair and top leaders from around the world warned at the start of the Climate Week conference in New York that man-made climate change is a 95 percent certainty, calling for serious and urgent action to address the devastating disasters that have impacted the planet in recent times.
"This year is perhaps more critical than ever before," Blair said at the opening ceremony of the 5th annual Climate Week on Monday. "Here in the U.S., people's lives and livelihoods have been disturbed by extreme weather. The devastating floods of Colorado are a one in a thousand year event – and at the same time, 60 percent of the country is gripped in a severe drought."
Blair added that he is not pessimistic about the world's response to climate change, but is worried about the speed of progress. more >>
The American captain of the Greenpeace ship Arctic Sunrise and a 29-member international crew are being held at gunpoint by Russian authorities who stormed the ship on Thursday following protest against oil drilling.
The ship remained under Russian control in the Arctic as of Friday morning, and the latest updates said it was being stirred toward Russian territorial waters.
"The safety of our activists remains our top priority and we are working hard to establish what is facing them. They have done nothing to warrant this level of aggression and have been entirely peaceful throughout. In our last phone call with the ship, the crew said that their spirit remains high and they have been boosted by messages of support from thousands of people who stand with them to oppose dangerous Arctic oil drilling," said Ben Ayliffe, head of Greenpeace International's Arctic oil campaign. more >>
Climate Week NYC 2013, taking placing from September 23-30, is pushing for a "clean revolution" and gathering together world leaders to discuss how innovations in clean technology can create jobs and boost the economy, and will also look at why Christians should be engaged in pressing matters affecting the planet.
Leading organizations such as The Climate Group and The Weather Company are partnering in Climate Week efforts, bringing together a major global forum taking a look at climate change and how a low carbon economy could prove to be successful in today's world.
"We are delighted to be partnering with The Weather Company for the fifth Climate Week NYC. Their commitment to analyzing the topical issues of climate change and low carbon leadership, and the consequential impacts on America's economic opportunities and energy security is to be admired," Amy Davidsen, The Climate Group Executive Director said in a press release. more >>