New Mexico Initiative On Oil Imports -- May 20, 2016

Over at the discussion group, a reader has posted an editorial on a New Mexico initiative to stop / curtail importing crude oil into the US. My reply:

I think anyone who thinks this through realizes "cheap" imported oil is not the problem.

It actually starts closer to home: US government subsidies/support for intermittent, unreliable, expensive, inefficient, wasteful, bird-killing wind and solar energy, which requires back-up fossil fuel.

The problem extends to keystoning new pipelines and hysteria over CBR. The problem extends to the war on coal which under the next administration could expand to the war on fracking.

The problem extends to CAVE dwellers. 

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Headlines From The Wall Street Journal and Comments

Credit-card debt nears $1 trillion as banks push plastic. I helped the banks hit the $1 trillion threshold. I am moving some of my money into Stickley Furniture. LOL.

Deere's 2Q16 sales decline wasn't as steep as feared, resulting in earnings that topped expectations. One wonders if the significant drop in royalties in the Bakken, the Eagle Ford, and the Permian could have affected farmers. In western those who consider themselves farmers are more likely to be oilmen, whether they care to admit it or not.

US existing-home sales rose in April.

First glance at iPhone maker's retail revamp. This is something worth checking out. I haven't looked at the story yet. When I last visited the local Apple store, I asked one of the employees how the retail store has changed under their new senior vice president of retail and online stores, Ms Angela Ahrendts, former CEO of Burberry, who now reports to Tim Cook. It will be interesting to see if the article says anthing the Apple employee said. [The article was worthless; the comments are much more helpful.]

How the 15-minute doctor's appointment hurts health care.