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EDITORIAL: Schumer’s Keystone fight: Demagogic ignoramus

In their zeal to obstruct progress, Democrats yet again are being exposed as the economics ignorami and hypocrites that they are. And Sen. Chuck Schumer is their ringleader. The New York Democrat — on CBS’ “Face the Nation” on Sunday — claimed his party has the votes to sustain a presidential veto should the newly controlled Republican Senate approve the ...

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COLUMN-Catching a falling knife in the oil market: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Jan 5 (Reuters) – “Don’t try to catch a falling knife” is sage advice for investors trying to identify the trough in a market like oil following a sharp selloff. Yet big moves also create the greatest potential for the mispricing of financial assets and commodities, ...

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EDITORIAL: New York’s fearful ban on hydraulic fracking

The state of New York has ended its six-year-old temporary moratorium on hydraulic fracturing for oil and gas drilling in shale formations by implementing an outright ban on the practice. It’s a shame for landowners in the Southern Tier of the state who would benefit from royalty revenues, workers who would get good-paying jobs and citizens across the country who ...

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OPINION: If deer complain, who’s listening?

Used to be, the morning deer hunt involved climbing into a blind as quietly as we could, cringing in the pitch dark at each creak and squeak we made, hoping we weren’t scaring off the critters. We’d use our flashlights sparingly to evade the attention of the aforesaid critters. My, how times have changed. These days when I creep into ...

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EDITORIAL: Pipeline project, on balance, is good for us

So far, the reaction to a planned major natural-gas pipeline in eastern North Carolina has been quiet — except for some of the land owners who may become the line’s unwilling hosts. If it wins approval from federal regulators, the pipeline will begin in West Virginia and follow I-95 all the way to Robeson County. Here in Cumberland County, it ...

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EDITORIAL: Learning the art of compromise

Pennsylvania’s oil and gas trade organizations don’t like Gov.-Elect Tom Wolf’s proposal to impose a severance tax on Marcellus Shale natural gas extraction. No sir — not one bit — and no compromise, never. The trade groups’ warnings are dire: loss of jobs, statewide economic disaster. Sixty-seven percent of the state’s Certified Public Accountants however suggest that imposing the governor’s ...

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EDITORIAL: The sanctions (with help) are working

This is the price Russia is paying for Vladimir Putin’s imperial dreams: An economy in shambles. It has been a devastating one-two punch: Sanctions from the West aimed at punishing the Russian president and his cronies for Moscow’s aggression in Ukraine, coupled with the plummeting price of oil. The Russian economy has been simplistically described as a petroleum conglomerate subsidizing ...

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EDITORIAL: Not one well; not a bit too soon

The official public schedule for Gov. Andrew Cuomo on Wednesday, Dec. 17, read as follows: “11:15 AM Governor Cuomo Holds Cabinet Meeting, The Red Room, State Capitol, Albany, New York. OPEN PRESS.” Savvier political minds than ours may have anticipated that a bombshell would be dropped at this otherwise unremarkable-sounding event. But it’s safe to say that many New Yorkers ...

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Clausewitz and oil prices: Kemp

oil slick

LONDON, Dec 18 – “If we consider the actual basis of this (intelligence), how unreliable and transient it is, we soon realize that war is a flimsy structure that can easily collapse and bury us in its ruins.” German military theorist Carl von Clausewitz was writing about the role of intelligence in warfare, but his insight about unreliable information is ...

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