Texas Rainy Day Fund Minimum Balance Remains At $7.5 Billion; Some Call For Tapping the Fund To Rebuild After Harvey — and Repair Oil Boom Roads?

November 30, 2018

 

As the Texas “Rainy Day” Fund grew to a record high of more than $12 billion — including a new contribution from the state comptroller — a state committee freed up funds to be used in the future.

There is talk that some of that money could be used for emergency repairs for Texas roads that are being torn up by greatly increased truck traffic because of the West Texas oil boom.

On Thursday, Comptroller Glenn Hegar’s office announced the placement of $2.77 billion into the Economic Stabilization Fund and into the State Highway Fund, to be split equally at about $1.4 billion each…
 

US Interior Secretary On Arizona Representative After Halliburton Accusation: “It’s hard for him to think straight from the bottom of the bottle”

November 30, 2018

 

Interior Secretary Ryan Zinke slammed a top Democratic lawmaker on Friday, saying it was hard for Rep. Raúl Grijalva (D-Ariz.) to “think straight from the bottom of the bottle.”

Zinke’s made the statement through his Twitter account as a response to an op-ed in USA Today authored by Grijalva that called on Zinke to resign…
 

Controversial National Climate Assessment released

By Alex Mills

 

The federal government has issued an extensive report that gives a gloom-and-doom assessment of civilization unless drastic measures are taken soon to stop climate change.

Of course, stopping, or even slowing, climate change is very difficult, if not impossible, because the climate has always changed and will continue to change.

The paper, called the Fourth National Climate Assessment, is filled with general allegations and controversial assumptions. The paper itself points out that the effects of climate change “are often difficult to predict” and can be “difficult to quantify.”

The 1,600-page report suggests many potential negatives to civilization including: growing challenges to human health, major flooding, extended droughts, quality and quantity of water, extreme heat, rising tides, longer-lasting power outages, and doom the U.S. economy.

Steven Koonin, a University Professor at New York University who served as undersecretary of energy and science during President Obama’s first term, wrote an op-ed column in The Wall Street Journal on Tuesday challenging the prediction of economic doom.

“Projecting human-caused changes in the global climate is a major scientific challenge: estimates of the temperature increases due to rising greenhouse-gas concentration are uncertain by a factor of three,” Koonin wrote. “Trying to make projections for a particular regions – such as the contiguous U.S., which comprises only 1.6 percent of the globe’s surface – compounds the uncertainty. Estimates of the economic impact are less certain still, in part because as yet-unknown modes of adaptation will mitigate the effects.”…