Gasoline prices are rising again. As the global economy recovers, the demand for oil increases. Add the unrest in the Middle East, and prices at the pump are likely to continue moving higher rather than lower.
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The Economic Impact of Agriculture in Wisconsin Counties, by Steve Deller and David Williams, quantifies agriculture’s contribution to the state’s economy. The study reveals that on-farm production and food processing provide over 350,000 jobs in Wisconsin, or about 10% of jobs in the state. The study goes a step further by estimating agriculture’s total employment […]
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The U.S. Treasury reports that, as of March 24th of 2011, those participating in TARP have repaid $250.8 billion of the $411 billion they received through TARP. The Treasury has received another $37 billion in interest, dividends and capital gains on their investments in these companies. In total, $287.8 billion (70%) of the money dispersed through TARP has been recovered
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The six OPEC countries in the Persian Gulf (Saudi Arabic, Iran, Iraq, Kuwait, Qatar, and United Arab Emirates) supplied 18.4 percent of all U.S. crude oil imports in 2009. But who supplied the bulk of the crude oil?
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About 100 countries produce crude oil and NGPL(the liquid separated from natural gas during processing that is used in refining petroleum). The United States was the third largest producer of crude oil and NGPLin 2009.
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Almost half (48.3 percent) of all U.S. crude oil imports in 2009 were supplied by the twelve countries comprising the Organization of the Petroleum Exporting Countries (OPEC). Six of these members are from the Persian Gulf: Saudi Arabia, Iran, Iraq, Kuwait, Qatar and the United Arab Emirates. 18.4% of the oil imports come from these six countries.
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With gasoline again breaking the $3.00 per gallon barrier and violent demonstrations and unrest spreading throughout the Middle East, oil is again in the headlines. According to the U.S. Department of Energy (DOE), net imports accounted for 51% of the total petroleum consumed in the U.S. in 2009.
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The official unemployment rate (U-3) in Wisconsin in September was 7.8 percent. U-3 includes those people who do not have a job, are available for work, and have actively looked for work in the last four weeks. A broader measure (U-6) includes those people who want work and are available for work, but are discouraged and have not actively looked for employment in the past four weeks.
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According to the Internal Revenue Service, 45,283 people filing federal income taxes as Wisconsin residents in 2008 lived and filed their taxes in another state in 2007. Almost 20 percent of these new Wisconsin residents (8,698) lived in Illinois the previous year.
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The Internal Revenue Service reports that 45,283 people filing federal individual income taxes in Wisconsin in 2008 lived and filed their taxes from outside of Wisconsin in 2007. Adding the dependents they claimed, a total of 83,432 new residents moved into the state during the year.
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