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Venezuela’s Economic Collapse: A Process 50 Years in the Making

In recent times, Venezuela has been the object of many headlines across the globe that detail its current economic predicament. Once Latin America’s most stable country, Venezuela is now experiencing a historically unprecedented economic and social collapse. How did such a nation awash with bountiful oil reserves and numerous decades of democratic stability stoop to…

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Venezuela is Teetering on the Edge of Societal Collapse and Socialism is Absolutely to Blame

Once Latin America’s richest country, present-day Venezuela has reached such low points in its economic and social development that it is not out of the question to consider it a failed state at this juncture. Lurid imagery of soldiers stealing goats, citizens turning to vigilante justice, public hospitals lacking supplies, and long lines to get…

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Does Fracking Increase Or Decrease Global Warming? The Report Environmentalists Don’t Want To Read

By Andrew Follett Environmentalists like to claim that fracking accelerates global warming, but that’s likely not the case, according to numbers crunched in a report published Monday by the pro-industry group Energy In Depth (EID). Environmental claims that America’s hydraulic fracturing, or fracking, boom accelerated global warming due to methane emissions were just blown away, according to a report published…

Map Compares Electricity Prices in ‘Green’ Europe to Prices in the US

By Andrew Follett The various nations of the European Union pay a lot more for electricity than American states do, according to an analysis of data by The Daily Caller News Foundation. The DCNF aggregated average annual power prices from the E.U. and U.S. in 2013, the last full year of data. The average European spent 26.9 cents…

Global Warming

Gov’t Prosecutors Likely To Target More Groups Skeptical Of Global Warming

By Michael Bastasch A libertarian think tank was served with a subpoena by U.S. Virgin Islands prosecutors as part of a racketeering probe not long after Democratic attorneys general promised to investigate groups with ties to the oil industry for allegedly misleading the public on global warming. More subpoenas are likely on the way as…

Putin Just Created His Own Personal Army

By Russ Read In an apparent attempt to further consolidate power, Russian President Vladimir Putin announced his plan to create a Russian “National Guard” that will take over the duties of several other security agencies, potentially upsetting the precarious balance of power in the Russian security apparatus. The new force will be comprised of personnel…

This Map Shows How Cheap Gasoline Is In Your State

This Map Shows How Cheap Gasoline Is In Your State

By Andrew Follett The average American now pays less than $1.80 for a gallon of gasoline. Prices today are the lowest they’ve been since 2009 but can vary a great deal depending on the state. A report published Thursday by the American Automobile Association determined that the U.S’s highest gas prices can be found in Hawaii and California, which pay an average…

South American President Up And Quits, But For Good Reason

By JP Carroll President Rafael Correa of Ecuador will not be running for re-election as the leader of his oil rich OPEC member country which he has ledsince 2007 and is facing economic turmoil due to low global oil prices. The country’s National Electoral Council announced Feb. 19 that elections would be held a year from…

Study Shows Fear Of Oil Industry Collapse Is Overblown

Study Shows Fear Of Oil Industry Collapse Is Overblown

Chris White   Those worried that rock-bottom crude prices might collapse the oil industry have little to fear, according to a report by research group Wood Mackenzie. Citing analysis of production costs on 10,000 oil fields, Wood Mac said it believes only 4 percent of the global oil supply is unprofitable at oil prices below $35 per…