The 1970s oil crisis led to a lot of new policies to address energy security, one reason why some policymakers have opposed exports of LNG today. On top of that, the social and environmental problems with the globalization of the U.S. fracking industry would be overwhelming.
Oil honchos and their legion of lobbyists petitioned Congress last week to pad corporate profits at the expense of American energy independence and national security. And Republicans on a Senate committee voted to comply.
Whatever the motivations, Dirk Philipsen points out, "thinking about life as volume of economic output" has become an article of faith in the modern world. And Gross Domestic Product is the universally accepted measure of the state of every nation's economy.
More times than not, it falls to America's mayors and governors to persuade companies to expand business investment and increase living standards in the United States. And for too long, the federal government has been an imperfect partner in this effort.
The next Commerce Secretary will have the challenge and opportunity to view the two in a more synergistic manner. After all, the nation's weather and climate agency was placed in Commerce for a reason, right?
Monday marked the beginning of arguably the biggest trial of this century, as the U.S. Department of Justice went to court with global oil giant, BP. With money most likely on the way to states, and needs still so acute, the question is, how to invest it most effectively.
No one is saying the minimum wage should propel folks into the middle-class, because, clearly, that wasn't its intention. So Obama's proposed bump is significant. But even at $9 per hour, you're still poor. You're just less poor.
We define "Creation Nation" as a country in which the private and public sector collaborate to develop and commercialize innovative products and services that create businesses or business opportunities that grow the economy and generate good-paying, value-added jobs.
Small businesses won't have anyone in their corner if the Department of Commerce, with its close ties and loyalties to large corporations, absorbs the SBA. Small businesses stimulate job growth, and without a specific entity supporting them, our economy can't improve.
Small businesses are proven to be this nation's chief engine of economic stimulus and job creation but President Obama plans to close the only federal agency that exists to help America's 28 million small businesses.
With the bitter partisanship in today's Washington it's hard to imagine the Republicans in Congress giving President Obama the power to implement even his far more modest governmental reorganization plan before next November's elections.
Within a matter of months, if Obama's proposed merger is successful, small businesses will once again be unrepresented on the president's cabinet, and even worse -- they will no longer have a federal agency to assist them.
We need to aggressively pursue clean energy while we still have control of the game, before it is too late and our climate has changed forever, we are running out of oil, and we are running out of time. Silicon Valley is ready to lead.