Wednesday, July 19, 2017

The Donald has The Vladimir over a barrel

"Rome lived upon its principal till ruin stared it in the face. Industry is the only true source of wealth, and there was no industry in Rome." ~ The Martyrdom of Man by Winwood Reade (1871)

While the world obsesses on The Donald's tweets, he's been busy launching an energy revolution.
"Stop it, Donald."
Trump announced plans to make the U.S. not just energy independent, but a global energy powerhouse. Too bad everyone was hyper focused on his tweets. 
Trump said he was ushering in a new energy policy that marked an end to decades of fretting about an alleged "energy crisis" brought on by supposed limited domestic supplies and an insatiable demand for fossil fuels. 
"We now know that was all a big, beautiful myth," Trump said. "The truth is that we have near-limitless supplies of energy in our country."
You didn't hear about that on CNN, did you?

Why is it important? It's not really about what you pay at the gas pump, although the fewer dollars you pour into the tank the more dollars you have for, say, food. If you're poor, that's a good thing. So is a lower price for natural gas, if you're poor and heating you home with it.

The way we improve the standard of living for everyone is by using machines instead of muscles. A machine can do the work of several men, making the one man running it more productive. That productivity is what increases wealth for everyone.

And machines run on energy.

Moreover, while everyone was accusing The Donald of being in bed with Vladimir Putin, The Donald's energy policy sticks it directly in Vladimir's face.
With energy prices falling, Putin's Russia has essentially been in a recession over the past four years. With oil at $50 a barrel or less, Russian budgets plunge deeper into debt. It's even doubtful the Russians have enough money to upgrade their military-energy industrial complex.
There's your collusion.

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