BUT DON’T EXPECT THAT TO BE MAKING HEADLINES. WHY?
U.S. Manufacturing just hit a 3 year low - but it’s not likely to make a ripple on the summer economy (and thus, not a ripple on the 2012 U.S. Election) for at least three reasons:
1. In July, U.S. consumers will receive approximately $1.1 Billion in rebates — health insurance rebates under the Affordable Healthcare Act. Read What Obama Cooked into the Healthcare Act to Get an Edge in the Election
2. Energy prices continue to drop (and in fact, a massive shaddow inventory is being developed) in the down-drifting economy, and these lower costs free up more consumer spending.
3. Suddenly, state and local governments are on a hiring spree — with some sectors hiring up by 20% year-over-year. Read More
"When you average out the emissions from all 55 million iPads sold (7,590,000 kg CO2), it equals the emissions of 1.2 million cars in one year."
"You have to remember that energy is a huge, capital-intensive business, and it takes a very long time for new technologies to scale. The euphoria that comes out of Silicon Valley when you see how quickly a Twitter or a YouTube can emerge doesn’t apply to the energy industry."
"Not only are oil supplies plentiful, but demand in the US and Europe has been lower, owing to decreasing car use in the last few years and weak or negative GDP growth in the US and the eurozone. Simply put, increasing worry about a military conflict between Israel and Iran has created a “fear premium."
— Quoted from Nouriel Roubini’s article, Scary Oil