“I’ll promise you this,” Perry said. “I’ll work every day to try to make Washington, D.C., as inconsequential in your life as I can.”
Rick Perry’s Promise during his Presidential Bid, 2011
Team Biden, while not explicitly saying so, takes the opposite tack. Team Biden will decide what kind of car you can buy by 2030. Team Biden and other progressives have not learned from the German experience and are discarding coal fired utility plants, while we have plenty of coal to power them. That will do nothing to staunch climate change while India and China add coal fired plants on a daily basis. And then there is Climate Czar John Kerry’s private jet burning way more carbon fuel in just one flight than my Toyota SUV will in the next few years.
The Department of Energy revealed a proposed rule Wednesday that would set a new “energy conservation standard” for gas stoves and electric cooking equipment, according to an announcement.
We are being treated to more John Edwards junk science hoo ha with claims gas stoves promote asthma. But an article by a real neurologist in today’s WSJ suggests adequate ventilation solves any such problem.
I am not nearly as worried about the climate here as I am being energy independent from the most unstable regimes in the world. Two years back San Antonio was without electricity for several days. We did just fine with a gas stove in the kitchen, a gas water heater, and three propane bottles for the outdoor gas grill. This intrusion into our way of living has nothing to do with climate and everything to do with big brother intruding on our lives. Prepare to fight unelected bureaucrats who know better than you and I how we should live.
The NASD index led the way down in 2022 with the largest 30% fall. It reversed the decline since its October low under 10,250. Better results from Meta boosted the index hundreds of points Thursday. Elsewhere the DJIA has been hovering around 34,000.
The FED boosted the overnight lending rate by a quarter of a point, and the markets responded in positive fashion. Our position is that the FED held rates too low for too long and is now chasing them up. But the yield curve remains inverted (two year rate above ten year rate). Long rates have dropped causing our recommended closed end municipals to rally.
Crude oil is trading under $80 and has yet to break out. An expansion of Putin’s Ukraine invasion will likely help boost oil prices. I don’t like Team Biden’s well no but later okay sometime answers to Ukraine’s pleas for help. We have yet to see a plan for victory, just one for endless war with an undesirable Korea type outcome. Where is Collin Powell (massive force) when we need him?
