Mark Knows It All

I continually pound the table that at the end of the day, the well being of the American economy is directly tied to the cost of energy. The ups and downs in the economy, albeit subject to other forces as well, are directly linked to the cost of energy in a straight forward manner that doesn’t need some academic economic whackadakic scholar to analyze it. When the cost of energy spikes, the economy tanks! It happens every single time. The inevitable recessions are severe. It has been this way since the oil crises in the mid 1970’s. There are those who scream and yell that our government has no energy policy. They are wrong. The United States energy policy is to restrict and prohibit the development of new energy sources within the confines of our borders. Environmental concerns have been raised to a religion. We have put most of the oil reserves off limits to drilling, and have actively discouraged either through deliberate policy, accidental policy, ...