The practiced confidence of oil and gas industry executives, captive Wall Street analysts and fake think tank academics has convinced the public that there is nothing to worry about when it comes to America's energy future, Cobb writes. But, the realities of our energy situation suggest that we should have little confidence in such pronouncements, especially given their self-interested nature.
Stock markets are closing lower and lower as the government remains shutdown. Brown argues that a greater fall in stock prices may be the wake-up call Washington needs. The market needs to scare congress straight before Washington will get serious about finalizing a budget plan and re-open the government.
The Federal Reserve and Fed Chief Ben Bernanke surprised Wall Street by announcing the Fed would not reduce its stimulus purchases to boost the economy. Because mortgage rates had surged in anticipation of a Fed move, Wednesday's announcement could send mortgage rates down and give the housing market a big bounce.