Suddenly, due to improved drilling techniques, the U.S. is overflowing with natural gas, driving down domestic prices. But foreign prices remain high, which means there is an opportunity for us to export natural gas. Unfortunately, the infrastructure does not currently exist. To transport natural gas across the ocean, you have to liquefy it first. We have the facilities to import liquefied natural gas, but not to liquefy it ourselves and export. In order to start exporting, we need to build the appropriate facilities, which requires regulatory approval from the Energy Department.Read more »
New bitcoin trading site, Coinabul.com, is now accepting bitcoins in exchange for gold. Orders are currently live during the private beta. Coinabul is the only true Bitcoin-to-Gold exchange in the world. Bitcoin is a digital stored value vehicle, able to provide near-instant transaction capability in a global Internet economy. Bitcoin users are able to trade in bitcoins to their national currency via currency exchanges, but for users who prefer to save their money in gold, Coinabul provides instant gold purchasing capabilities.Read more »
Rob Harmon discussing a market solution to keep streams flowing by selling large consumers of water "restoration", and using the proceeds to pay those who owns water rights to allow it to flow.Read more »
Prof. Douglas J. Amy of Mount Holyoke College has created a personal web project called “Government is Good: An Unapologetic Defense of a Vital Institution.” Here Daniel Brackins refutes Prof. Amy’s piece, “The Forgotten Achievements of Government.”Read more »
But while administration officials have long said they prefer Congress take action on climate change, the economic official who spoke with reporters Tuesday night made clear that the EPA will not wait and is prepared to act on its own.
And it won't be pretty.
"If you don't pass this legislation, then ... the EPA is going to have to regulate in this area," the official said. "And it is not going to be able to regulate on a market-based way, so it's going to have to regulate in a command-and-control way, which will probably generate even more uncertainty."Read more »
Since the FBI arrested a Brooklyn businessman in late July on federal charges of organ trafficking, CNN has been conducting a worldwide investigation into the sale of kidneys using WILLING donors and WILLING recipients from China to Israel to the United States.Read more »
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