Category: Roadkill

We Don’t Need No Stinking Hybrid Cars

And people complain about the Chinese goods at Wal-Mart…

The NY Times reports that the Chinese government has placed a trade embargo on all exports to Japan of a crucial category of minerals used in products like hybrid cars, wind turbines and guided missiles.
China mines 93 percent of the world’s rare earth minerals, and more than 99 percent of the world’s supply of some of the most prized rare earths, which sell for several hundred dollars a pound.

Y2Kyoto: Green Retreat

Uh oh…

The Ontario government is dropping its short-lived and controversial eco fee in the face of growing consumer and retailer malcontent.
Environment Minister John Gerretsen will announce on Tuesday that fees attached to thousands of household items will be eliminated, according to government sources. The fees went into effect on July 1, the same day as the Harmonized Sales Tax, without the knowledge of most Ontarians. They were attacked by politicians of all stripes, along with retailers, including Canadian Tire, which announced on Monday it was refusing to collect the fee.

More of this please.
Previous – Nova Scotia emissions climb down.

I Wish I Owned All The Oil Companies In The World Right Now

I’d make a surprise appearance in Washington, just to announce my retirement.

Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason estimates that the first six months of the Obama administration’s moratorium on oil and natural gas exploration in the Gulf of Mexico will trigger a loss of more than 8,000 jobs, nearly $500 million in wages, and over $2.1 billion in economic activity in the Gulf region alone.
[…]
According to the study, the United States will see a net loss of 12,000 jobs in the six months – a number which could grow to 36,000 over the next year. Additionally, Dr. Mason estimates that the U.S. economy will lose about $2.8 billion in economic activity and the federal treasuries will lose about $220 million in lost tax revenue.

You can download the paper here (word doc.)
Related: “Where did the jobs go?” Bepuzzlement at the New York Times. Not so much in the comments.

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