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Happy New Year. Welcome to 2014. Hope you had a wonderful holiday season.
I am looking forward to a year of interesting and informative meetings.
Let's start the Foghorn year off with a discussion about energy-International, Domestic and
right here at home. For years the eco-terrorists and climate change hustlers have been mocking
the US because we are so far behind Europe in "going green." In what is a nice bit of irony it
turns out Europe is also ahead of us in suffering the consequences of falling for the green con.
Here in the US the increase in energy production has been staggering. It has gotten to the point that EXXON/MOBIL is running ads asking if we know where we get most of our energy and it turns out it's right here. The bulk of it has come from fracking technology and between that and expanded oil drilling, the US has supplanted Russia and become the #1 oil and natural gas producer in the world. One of the major benefits for us has been a solid reduction in our trade deficit. Also, lower energy prices have led to a good increase in our manufacturing base (see Germany above).
So, now we come home. With Warren Buffett's Mid-American Energy buying NV Energy I thought you might be interested in some perspective on where we've been coming into the buyout.
In the last 5 years (last bill for 2008 to last bill for 2013:
What's coming over the next five years? Will working people and seniors be able to keep pace? Will the Nevada legislature keep taking us down the same green energy road to nowhere the EU has gone?
Stay Tuned .