The losers in this scenario would be aircraft manufacturers, which have built up record backlogs on a cocktail of high fuel prices, low cost of capital, and new technology. Lower oil prices mean new aircraft models promising 15-20% fuel consumption reduction are not as attractive from a financial perspective. Coupled with the current trend of increasing cost of capital, this could mean a wave of cancellations of sexy new aircraft models. Or it could mean manufacturers need to revisit pricing assumptions. What is a fair price for a new widebody like the Boeing 777X, for example, in an $85/barrel world where its annual fuel cost falls by $3-4 million?
Rep. Mike Pompeo (R., Kan.), a member of the Energy and Commerce Subcommittee on Energy and Power, said the emails suggest that the EPA is straying from its mission by working hand-in-hand with hardline green groups.
“It’s unfortunate that EPA has spent more of its resources promoting and coordinating a political agenda with environmentalists instead of doing its job,” Pompeo said in an emailed statement.
“In Kansas, we expect public officials to serve the public interest, not the interests of radical environmentalist groups.”
…unlike those who wish to suppress homeschooling, homeschool parents are rarely if ever heard demanding that the government pass a law demanding that every other family in the country do things the way they do. Unlike our German friends, homeschool parents do not wish to seize custody of other people’s children simply because they prefer a different model of education. The irony here is that more than a few of our public schools are so dangerous and dysfunctional that sending one’s children there really ought to be considered an act of neglect, if not for the fact that those poor parents have practically no choice in the matter.
