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Gas Prices Will Soon Be Under $1 As a Result of COVID-19 Lockdowns, Saudi and Russian Price War

Minnesota drivers might have noticed falling prices at the pump over the weekend, and prices are about to fall below a dollar per gallon of gasoline, at least that's my prediction based on the fact that crude oil prices have now fallen to a 17-year low. Prices are falling because many people are no longer commuting to work and businesses are closed to help slow the spread of the COVID-19, and because a price war is being waged by Saudi Arabia and Russia, the second- and third-largest producers of oil in the world, behind the United States. Demand Drops from COVID-19 According to...

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American Experiment Submits 27 Pages of Comments Opposing the California Car Mandates

Last Friday, Center of the American Experiment submitted comments opposing Governor Walz's attempt to force Minnesota to comply with California's Low Emission Vehicle (LEV) and Zero Emission Vehicle (ZEV) car mandates. The comments, which span 27 pages, highlight several reasons why the California mandates are bad news for Minnesota....

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Minnesota Citizen’s Utility Board Harms Ratepayers By Advocating For Bad Policy

It is clear that the Citizens Utility Board is either unwilling or unable to advocate for the policies that will actually reduce costs for consumers. Center of the American Experiment is the leading advocate for energy consumers in Minnesota, and we can say that utilizing Minnesota's existing coal-fired power plants for the foreseeable future is the single-best way to keep our energy bills low, not adding unreliable and expensive sources like wind and solar. ...

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Fed: Economy “Remarkably Positive,” and Unprecedented in Modern History

The article below originally appeared in the Washington Post. - I know, I was as surprised as you are. Federal Reserve Chair Jerome H. Powell said Tuesday that the U.S. economy appears to be in the midst of a “remarkably positive” period that is unprecedented in modern history. The Fed is predicting that unemployment will remain below 4 percent through 2020 and that inflation will stay low — around 2 percent — during that time. This has never happened in modern U.S. history. The last time unemployment was that low for several years, in the 1960s, it triggered high inflation, but the central...

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