Russ McBee

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  • Nationalizing the banks, regime change, and William Jennings Bryan

    Just a few short years ago, no one would have thought this sentence even a remote possibility: Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. The US ...
    Posted to Russ McBee (Weblog) by RussMcBee on October 8, 2008
  • Oil industry wastes $40 billion per year by "flaring" gas

    This is incredible: a study conducted by NOAA has concluded that the practice of ''flaring'' natural gas (burning it at the outlet of an oil well) wastes an amount of gas worth $40 billion per year, resulting in an unnecessary annual injection of 400 million tons of extra carbon dioxide into the atmosphere. That equals half the current CO2 ...
    Posted to Russ McBee (Weblog) by RussMcBee on September 9, 2007
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