Why are 292 Union Pacific engines sitting idle in the Sonora Desert? Along with all the people that would have jobs if they were busy hauling goods. Full story @ http://www.dcclothesline.com/2016/0...-sitting-in-the-arizona-desert-doing-nothing/
Because many of them were used to haul fracked oil out of the Dakotas, and now with the price of oil dropping, those shipments have decreased. You know, sometimes a cigar really is just a cigar and most of the time the simplest explanation is the correct one.
You just indirectly reinforced the original argument that the economy is not so great. Energy usage is directly tied to quality of life and economic activity. Less oil, less energy, less economic activity.
Looks like the shale industry was just another bubble. A gasping last breath of air from a dying economy desperate to find something it could be productive in.
Well, that and coal no longer is being mined in most places. The richer have gotten richer, the poorer have gotten poorer during Obama's reign. It's truth. Race relations are in the process of reverting to the 1960s levels.
UP has 1,500 idled engines and 4,100 furloughed employees. They attribute it to the decline in coal shipments. No worries though, all those unemployed workers will embrace Hillary's plan to kill the rest of coal I am sure.
economy is not great!! Bill Clinton: “The problem is, 80% of the American people are still living on what they were living on the day before the [2008 finnancial crash. And about half the American people, after you adjust for inflation, are living on what they were living on the last day I was president 15 years ago. So that’s what’s the matter.”
And after 2008 the Federal Reserve was intentionally trying to keep house prices up. Everything else declined, but since the Fed tried to prevent housing prices from going down, that just made it more difficult for people to afford housing. Let's not forget that it was Bill Clinton who signed NAFTA into effect.
after 2008 the Fed was trying to prevent a huge depression that would have collapsed all prices for everything.
Free trade is very very very good. The more with whom you trade the richer you get and the fewer with whom you trade the poorer you get. Imagine a tiny country or individual who had to make everything themselves.
