Petro Unfriendly California Changing it’s Stance on Oil
The financial crisis changed the way people think. At least some people.
In North America, the bursting of the housing bubble dispelled the myth you could get rich simply by owning a home. Likewise, people are now realizing that buying and holding stocks is not a sure-fire way to grow wealth.
The "get rich easy" schemes are falling by the wayside. Leaving people to once again make money the old fashioned way. Earn it.
The crisis has forced us to ask: what can I offer the world? What value do I bring that someone will pay me for?
With unemployment running near 10% in the U.S. (and similarly high in many other countries), these are crucial questions. You're no longer going to get a job simply by showing up. You need to provide something worthwhile.
And it's not just individuals asking what they can offer the world. Companies and even governments are being forced to rethink the way they handle their finances. A graphic illustration is the financial chaos that has gripped many municipal and state governments in the U.S. A number of states are teetering on the edge of technical bankruptcy.
California is one of them. And news this week suggests that the state's financial problems are forcing officials to rethink what they might offer in order to earn much-needed income. The answer appears to be oil.
Full article at: California and Oil
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