Daily Commentary – Wednesday, January 20, 2016 – The Price of Gas Has Fallen Along With the Cost of a Barrell of Oil
- In some areas of Michigan it’s been as low as 47 cents per gallon. That’s 1/2 of what it is in Canada and 1/6 of what it is in Southern California. There is a glut of oil on the market
Daily Commentary – Wednesday, January 20, 2016 Download
WOW, 47 CENTS A GALLON … WELL ACTUALLY 47.9 CENTS.
Gas prices hit an amazing low of 47 cents a gallon in as a price war broke out between three gas stations in in Houghton Lake, Michigan. I cannot even remember when gas prices were that low. You could imagine the reaction by Americans when they saw prices fall to such a low price. Could you imagine being able to fill your car up from with an empty tank for less than $9.00? Of course these low gas prices and cost for barrels of oil are having other adverse affects on our economy.
The price of gas hit a stunning low — just 47 cents per gallon — in Michigan on Sunday.
Michigan was the first state to have gas under $1 in likely over a decade, Patrick DeHaan, senior petroleum analyst at GasBuddy.com, told ABC News today.
A gas station in Houghton Lake, Michigan, hit the 47 cents mark after a price war between three stations in the town, DeHaan said.
GasBuddy.com’s data goes back to 2000 and DeHaan said he couldn’t find any other averages that low in the U.S.
“This is something we don’t see often at all or ever,” DeHann said. “That’s unheard of.”
DeHann said he believed the next lowest price in the country was about $1.29, at a station in Virginia.
Daily Commentary – Tuesday, July 28, 2015 – Commedian Jackie Mason is No Fan of the Iran Nuclear Deal
- Joked that NYC restaurants are subject to harsher inspections than Iran in the nuclear deal
UNREAL … YOUR HARD EARNED TAX DOLLARS HANDED OVER TO SO-CALLED GREEN ENERGY AND NO ACCOUNTABILITY.
The Daily Caller is reporting that the IRS has handed out billions of dollars to support Barack Obama’s green energy projects. You know, those one’s like those unsuccessful and bankrupt companies like Solyndra. And it gets worse, if possible. The IRS is not tracking the money to see how it was being spent. ARE YOU KIDDING, WHEN WILL THIS ALL STOP!!! The IRS, the organization who makes people’s lives miserable for not properly tracking their income, does not have to do the same with tax payer dollars? Talk about the ultimate in hypocrisy. Honestly, the IRS really does need to be abolished and converted into an entity that just counts the tax revenue sent in by Americans from a flat or fair tax and no longer allowed to harass or divvy out monies at the bequest of a president.
A new government watchdog report found that the Internal Revenue service has handed out billions of dollars to support green energy projects, and then failed to mention how the money was spent on building new power generation.
The Government Accountability Office (GAO) reports that IRS tax subsidies to green energy operators “accounted for an estimated $13.7 billion in forgone revenue to the federal government for renewable projects and $1.4 billion for traditional projects” between 2004 and 2013.
That’s a lot of money, but the IRS can’t (or won’t) tell government auditors how much green energy generating capacity their tax subsidies are supporting. The GAO says the IRS “is not required to collect project level data from all taxpayers” who claim an Investment Tax Credit (ITC) or Production Tax Credit (PTC).
“IRS officials stated that IRS is unlikely to collect additional data on these tax credits unless it is directed to do so,” the GAO reported. “Since 1994, GAO has encouraged greater scrutiny of tax expenditures, including data collection. Without project-level data on the ITC and PTC, Congress cannot evaluate their effectiveness as it considers whether to reauthorize or extend them.”
Daily Commentary – Monday, March 2, 2015 – Obama Thwarts an Israeli Air Force Attack on Iran’s Nuclear Facility in 2014
- This according to a report in a Kuwaiti newspaper on Saturday … Obama threatened to shot down Israeli Jets.