Why Are we Subsidizing Big Oil?


President Obama must be asking the same thing as he proposes cutting out approximately $36.5 billion a year in oil and gas company subsidies and tax breaks in his new budget, which is set to be released at the end of February. "We will not continue costly tax cuts for oil companies," president Obama said in his announcement of the proposed budget for the 2011 spending year, which starts in October. This isn't the first time president Obama has tried to cut off big oil. He has tried to cut the subsidies from the federal budget two previous times but was rebuffed each time as intense lobbying from energy producers and opposition from both sides of the aisle in Congress prevented it.

The argument against cutting subsidies has been the same each time; ending the subsidies would damage the economy. "This is a tired old argument we've been hearing for two years now," said Jack Gerard, president of the American Petroleum Institute, the oil and gas industry's main lobby in Washington. "If the president were serious about job creation, he would be working with us to develop American oil and gas by American workers for American consumers." Mr. Gerard, in an interview with the New York Times turned the subject of subsidies on its head, stating that "The federal government by no stretch of the imagination subsidizes the oil industry.

The oil industry subsidizes the federal government at a rate of $95 million a day." The administration's response has been that big oil has been raking in record profits for years (while charging $3.50 a gallon for a gallon of gas). Considering that Exxon Mobil's profit for the last year came in at $124 billion, cutting a subsidy of $36 billion for the entire industry doesn't look like it's going force any of the members of big oil into bankruptcy. A second look at Exxon's profit, put in the context of Mr. Gerard's comment hinting that big oil needs to continue receiving subsidies to create jobs, seems a bit disingenuous but an extra $36 billion can buy a lot of toys. Reuters reported that renewable energy will get a funding boost in the 2012 budget, including "$302 million for solar energy (up 22 percent), $123 million for wind energy (up 53 percent) and $55 million for geothermal energy (up 25 percent)". If Obama is successful in getting the oil subsidy lifted, it would be encouraging to see more money allocated toward renewables. While the percentage gains are impressive, the money going to renewable energy sources would be less than 3% of the money saved from cutting the $36 billion subsidy.

Share Market News to Make a Wise Investment


The various forms of written media and multimedia are not just informative, but also educative. We acquire genuine knowledge of several things. World business news encompasses almost every aspect of business possible which includes share market news, company news, in every nook and corner of the world. Books, newspapers, magazines and pamphlets are responsible for shaping personalities, writing skills of individual and thinking habits too. People who have cultured a healthy reading habit are inundated with latest news about gadgets, machines, cars, computers, home appliances etc which helps them to decide quality goods.

Many silently suffering masses get impetus to revolt when a person takes interest in their cause and makes documentaries to show the world the real plight of downtrodden people. World business news makes for such heart-rending facts at times that some people forget their own tension while empathizing with those suffering elsewhere. In a fiercely fashion conscious world of today, latest news about fashion trends are a turn-on. Aspiring entrepreneurs, businessmen should keenly go through the share market news to know the latest trend of business and where to invest to maximize profit.

Environmental Benefits of Solar Panel Installation

One of the main reasons that many people are choosing to heat and power their homes with alternative sources of energy like wind and solar power is that they are relatively inexpensive after the initial setup costs. Mother Nature provides sunlight for people to collect with their solar panels. Another reason that compels some people to choose solar power is because of the environmental benefits of a solar panel installation. These days "green," energy efficient, and environmentally friendly technologies are in vogue and as the costs of fossil fuels go up, options like solar panel installation will continue to increase in popularity

Most electricity in industrialized nations is produced by burning fossil fuels like coal and by nuclear fission, both of which can have detrimental effects on the environment. When fossil fuels like coal and oil are burned, the combustion of these fuels produces greenhouse gases like carbon dioxide and methane. Environmental scientists have noticed a trend since they began keeping records in the early 20th century that global temperatures have slowly been rising. What is interesting is that this rise in temperature corresponded directly to industrialization and the burning of fossil fuels that release carbon dioxide. The anthropologically produced carbon dioxide traps excess heat in the Earth's atmosphere that would normally be reflected back into space, thus heating up the planet. A hotter Earth can have severe consequences on climate like causing sea levels to rise, floods, droughts, and powerful storms. Scientists believe that it is necessary to curb the emissions of greenhouse gases before climate change becomes irreversible. By choosing solar panel installation for their homes, homeowners can help to reduce the use of fossil fuels to produce electricity. Some studies have shown that by installing a solar panel, single family homes can reduce their greenhouse gas emissions by as much as 20,000 tons per year.

Not only do traditional methods of producing electricity add greenhouse gases to the atmosphere, but they also produce toxins, which can pollute the air and infiltrate the water supply. Nuclear power is thought to be clean and environmentally friendly, but a by product of nuclear fission is nuclear waste, which must be stored in underground vaults. Transportation of these hazardous, radioactive waste products can be dangerous as can the actual storage. The waste can leak out, poisoning the ground and the water supply in the process. Also, nuclear power plants can have meltdowns, which can release toxic, radioactive clouds of gas, which can poison and kill organisms. Burning fossil fuels can also create harmful toxins like sulfur dioxide, which can combine with water vapor to form acid rain. Solar panel installation in a home can help to decrease the demand for power from these traditional sources, reducing the amount of toxins and wastes produced from them.

While a solar panel installation may not completely remove the need for fossil fuels and nuclear power, it is a step in the right direction.

The Apple of My Eye – Unavoidably


It's like a stampede. Everywhere you look, it's Apple, Apple, Apple and once again… yes, you guessed it, Apple! A technophone doesn't know what to think. Should he hide? Should he talk about it? Should he ride the wave? Is there any point in resisting? Apple will find the technophobe anyway? Statistics on Apple are staggering. Those numbers are getting more and more varied, based on all the different trends emerging in connection with the usage of Apple products. But even a technophobe can see: their products sure look nice. So sleek and shiny and clean and pretty. Anywhere you go, someone has something from Apple. Whether small or big. It's just omnipresent. Maybe that's what makes some people hesitant. Any movie you go to see nowadays, it seems there's at least one Mac in there, usually pretty prominently displayed. And don't get us started on Apps- we are still resisting and we still don't really know what they do, even though we seem to be able to joke about them. We do know there seems to be an App for almost everything. There are probably a lot of people out there reading this who we are making laugh right now. Bear with us.

The good thing is, there are so many Apple products to choose from, and they are appearing so fast, that no one will be left out whenever they decide to buy something in an Apple store. That's probably a pretty accurate prognosis. Whatever you're thinking about, dreaming about, Apple most likely has it. Or if not, they soon will. And as soon as you have whatever gadget or device you've been hunting for in your hand, you'll probably immediately feel like your life has only now become sleeker and better, just like the product you bought. There are people out there who can't use a normal computer or laptop keyboard for going online anymore, because they can only do it on their iphone.

Can you imagine? And they can't use the old cell phones us technophobes still have either. Because the old phones have no screen you can scroll over with your finger. And according to statistical forecasts, iphone sales will only be going up. Whenever an Apple store opens somewhere, it's like a parade on some national holiday. Police stand watch, hundreds of people stand in line and some almost cry when they finally get to go inside. What is it? What is it that makes them behave like that in relation to Apple? I think I have to ride the wave. It's the only way to find out.