Maybe Banning Fracking Wasn't Such A Good Idea After All -- August 17, 2015

Tweeting now:

Royal Dutch Shell granted final permit it needs from US federal government to drill for Arctic oil off Alaska's northwest coast for 1st time in more than 2 decades - @AP

I guess this proves that President Obama meant it when he said, "all of the above (except coal)."

 

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Market Watch is reporting that New York area manufacturing has plummeted, falling to recession levels:

A reading of New York-area manufacturing conditions fell swiftly and brutally in August, one that could make the likelihood of an interest-rate hike next month — or even this year — more remote.

The Empire State general business conditions index nose-dived to a reading of negative 14.9, from positive 3.9 in July, marking the worst level since April 2009, the New York Fed said. The index, on a scale where any positive number indicates improving conditions, was far worse than the positive 4.5 forecast in a MarketWatch-compiled economist poll.