Economy

America and Saudi Arabia are at War!

Gas prices that continue to decrease around the nation- some as low as $2.50 a gallon- certainly have people talking. A congressional debate has broke out regarding increasing federal gas taxes to help fun infrastructure projects.

So what is the gas taxes for?

  •  rebuilding roads, sidewalks and bridges
  • eliminating the $16 billion dollar funding gap in planned construction costs and actual funds

What is the likely hood of it being passed?-

  • Passing a gas tax in a republican controlled house and senate is not very likely
  • Barbara Boxer (D) and Nancy Pelosi (D) both argue for higher gas taxes saying because of the low gas prices Americans can afford to pay a higher tax
  • There is a small amount of support from republican senators

It is important to understand why gas prices have dropped so low.

Saudi Arabia has declared war on the American energy industry.

Saudi companies have begun losing market shares, as people invest in American oil companies.

Between 2001 and 2011, the weekly U.S. field production of crude oil averaged 5.5 million barrels per week.

The weekly U.S field production of crude oil in 2014 averaged 9.1 million barrels. According to international energy experts America is predicted to be the number one producer of oil by 2015.

Needless to say- the Saudi’s are not happy about losing their market.

In recent weeks Saudi Arabian drilling companies have been producing double if not triple the amount of crude oil they were before. By drastically increasing their supply, they were able to drive down the price. In fact, the Saudi drilling companies were so successful at this that many American drilling companies including WBH Energy (located in Texas) were unable to compete and had to declare bankruptcy.

America is in an all out energy price war with the Middle East, and losing.

I live near a American drilling site. About a month ago the rigs were running up and down the road 24-7. I couldn’t believe the amount of rig traffic there was, it seemed like they never stopped working. Then about 2 weeks ago it all stopped. The American drilling company was unable to compete with their Saudi counterpart. The stock prices of American drilling companies are falling right along with the gas prices.

The Saudis recent push for production coupled with increasing fuel efficiency in vehicles has not only begun crippling American companies, but also American infrastructure.There is not enough money being spent on gas- therefore there is not enough money to fix the roads.

by Kyra Azzato

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What You Really Learn at College: 5 Surprising Things You Could Put on Your Resume

The Beatles - AllYou Need Is Love

Can you eat love? No. What about use it to heat your house? Well not exactly. Photocred: Wikipedia

The Beatles told us “All you need is love.” But unfortunately love won’t put a roof over your head, and although I’m sure your local grocer is a wonderful man, I don’t think he wants to trade milk and bread for hugs and kisses.
Luckily unemployment rates seem to be rebounding, and have hit a six- year all time low.  So what does this really mean what we think it does?

 

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This is a picture of the U.S. unemployment rate, not a rollercoster. Photocred: The Motley Fool

No one likes the bearer of bad news… but unfortunately these low unemployment rates are not as transparent as they seem. (If you’re a little tired and bored skip down to English Translation, I don’t want you falling asleep).  The rate at which unemployment is decreasing is much slower than it used to be. According to the Labor Department the U-6 rate is much lower than usual.  Meaning the gap between the hiring rate, and unemployment is much larger than before the financial crisis.

English Translation – The big boss man is not hiring as fast as before.

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Can’t fool this employer…AGAIN! Photocred: smoch.com

Not to worry- Here at The Modern Common Sense we have come to realize college life is truely providing students with skills that can help to bolster their resumes so they are more likely to be hired. We highly suggest immediately adding these skills to your resume if you haven’t already.

1. Works Well Under Pressure

Uh oh! Its 11:00 Sunday night, you know what that means! Time to start your 8 page paper that is due 8:00 a.m. Monday morning. Sleep? Thats for the weak, what do you think I bought 4 red bulls, and 2 coffees for!

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This college student is a prime example of success. Photocred: funny.st

2.  Good With Change

The night seems to be going perfectly when all the sudden… blue flashing lights, and sirens cut through the party music. Looks like its time to go somewhere else! Flexibility is a must in the workplace. Future employers will appreciate your ability to quickly change based on the situation at hand.

the daily mail. co

The police officers just wanted to join the party. Photocred: thedailymail.co

3.  Innovative

Lazy? No, innovative! That is exactly what your future boss will think when he sees how creative you are. College students are continuously coming up with newer better ways to increase productivity while minimizing work.

davinportlibrary.com

Innovation at its finest. Photocred:davinportlibrary.com

4. Dedicated

Do you know how difficult is is to watch every episode of House of Cards on Netflix in one sitting? That takes serious commitment. Not everyone has the ability to sit alone in a dark room for over 24 hours doing nothing but looking at a screen.  In the 50’s this may have even been considered a form of “cruel or unusual punishment”.

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House of Cards will be back this February for those of you dedicated students. Photocreds: Netfix

5. Excellent People Skills

We all know it can be extremely difficult to get along with others, especially in the work place. Which is why it is important to know when to turn on the charm and really create positive relationship with your coworkers. Employers tend to value workers that are able to get the job done and keep everyone happy.

much pics.com

we all know the truth. Photocreds: muchpics.com

clothing crasher.com

Although college students like to pretend they are anti social….Photocreds: clothingcrasher.com

 

 

 

 

 

 

 

 

With these 5 skills there is no need to worry about the volatile job market. These skills will open up a wealth of opportunities and help employees to earn promotions.  And if not, well theres always welfare.  The hard working Americans who slave away probably won’t mind the government taking away their hard earned money to pay for your cell phone and cigarettes anyways!

Photocreds: Rottenecards.com

By Kyra Azzato