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Right on the money re: China & India. The pressure they exert on the demand side of the equation is likely to make domestic production more feasible than it's been in my lifetime.
You raise a relevant point, but it's not nearly as valid as it has been during most of my lifetime, in the wake of the massive deposits located all over the world in the last 10-20 years: Alaska, the Gulf of Mexico, North Sea, & Canada; and the emergence of Russia as a major player.
Big Brother needs to get out of the way and let the chips fall where they may.
Not only is he mucking up the works domestically, he's sticking his nose into one of our most reliable ally's affairs, by deep-sixing the Keystone Pipeline. I'm guessing the 20,000 Americans who would have been employed by the project may consider the President's decision to reek of “intrusion.”
Fact: we consume far more energy than we produce. Of the amount we import, nearly 40% is acquired from regimes who would like nothing better than to see the U.S. brought to its knees. We have the ability and the resources to produce all we need. The single biggest roadblock is government red tape.
You're wearing an impressive set of blinders. Coal produces quite a number of jobs in these parts; let's start there. We have sufficient domestic deposits to keep us supplied for 3 centuries, at current consumption rates. The industry has be relentlessly attacked, in a campaign that has ramped up considerably over the last decade. Google 'Montgomery County, Maryland carbon tax'. I'll wager that the state's sole producer of electricity find their government “intrusive” - not to mention the consumers whose rates skyrocketed as a result. And there are endless additional examples. The President has made your side's position explicitly clear:
“So if someone wants to build a coal powered plant, they can. It's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.” http://www.youtube.com/watch?v=wF7Qm3...
If he and his compadres on the left are able to pass cap and tax, that's exactly what will happen. I'll bet all those suddenly jobless Americans would find that a tad “intrusive.”
The President's 2011 budget imposed another $80 billion in taxes on the oil & gas industries. Congress (Dem Reps Markey & VanHollen) has introduced legislation that will retroactively change existing contracts between the government & companies presently drilling in the Gulf of Mexico; the President has indicated he'll sign it and agrees with the requirement that the companies cough up $54 billion in the name of “deficit reduction.” Costs, which will of course, be passed on to the consumer. Sounds “intrusive” to me.
LSU Prof Joseph Mason's congressional testimony last year tallied the costs of the President's Gulf drilling moratorium:
“… [O]utput losses continue to mount with stalled development in the Gulf, rising from $2.1 billion regionally and $2.8 billion nationally to $3.3 billion and $4.4 billion, respectively. Job losses are estimated to have increased from 8,000 regionally and 12,000 nationally to 13,000 regionally and 19,000 nationally. Lost wages previously estimated to amount to $500 million regionally and $700 million nationally are now $800 million regionally and $1.1 billion nationally. Finally, lost tax revenues estimated to be $100 million on the state and local level and $200 million on the national level now amount to $155 million and $350 million, respectively. ”
I'll bet the 19,000 people out of work found Big Bro to be more than a little “intrusive.”
Nice example of taking a single statistic out of context in service to personal axe-grinding. It's useful to define petroleum “products” - as we are able to use our own refining capacity to produce the finished products that countries like Brazil, Mexico, the Netherlands, Spain, Guatemala, Canada, France, Argentina, & Turkey can't turn out on their own. Crude is the grist for that mill, and the import v. export numbers on that score are undeniable.
U.S. crude imports by supplier (barrels per month):
Total U.S. imports per month: 340,821. Source: U.S. Energy Information Administration http://188.8.131.52/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
Total U.S. exports per month: 96,233. Source: U.S. Energy Information Administration http://184.108.40.206/dnav/pet/pet_move_exp_dc_NUS-Z00_mbbl_m.htm
I gather that Spicoli must be a pop-culture referent that I'm just not hip to. I suspect it's not a compliment. Most impressive! I don't think I've been so thoroughly chastened since Ronnie Heffler called me a doodie head in the second grade. You should start a debate team, Leroy. You're truly formidable. Really.
American Airlines has filed Chapter 11, citing years of high fuel prices as among the most prominent reasons. AA sends a 737 and a 757 daily to YVRA during the season. It is communities like ours that will eat some of the first bullets fired from the left's punitive energy policies.
We don't rely on foreign oil because we don't have enough of our own. It is a reliance mandated by an intrusive government arbitrarily dictating which of our own resources we can and cannot extract. Colorado & Wyoming boast deposits which rival those of Saudi Arabia. Throw in the reserves beneath a rock quarry called ANWR, along with the offshore deposits, and we could easily meet our energy needs for the next century. Not to mention the job creation and economic growth that would result.
On the other hand, we could cave to the NIMBYs and continue to rely on hostile regimes for the energy we need. Prices go up and the economic hole gets even deeper.
Jet A is $7.38/gallon today at YVRA. Care to speculate what happens to our local economy when it climbs to $9, $10, or $11?
Drill, baby drill!
Here's Obama, ripping into W for having added $4 trillion to the national debt: http://www.youtube.com/watch?v=1kuTG1...
"It's irresponsible! It's unpatriotic!"
Of course, now that BHO has piled more than 3 times that amount onto the deficit; so that for the first time in history, government debt now exceeds GDP, he has nothing to say. Which begs the question: Was BHO lying then, or is he lying now? The answer is obvious: it's the punchline to the age-old joke - how do you know when so-and-so is lying? Easy: whenever his lips move. And that he is determined to put us on the same road to ruin alongside Greece, England, Italy, Portugal, Italy, & Spain, the joke's on us.
Worst. President. Of my lifetime.
I hope Mr. Bays is as tough as he looks. I have a cop friend who has had to transport prisoners to DOC facilities. He says that even he - an experienced, armed cop - is always uncomfortable venturing into those snake pits.
I was in radio, once upon a time. At one of my early small-market gigs, we did a weekly interview with the local school superintendent, as part of our public service obligation.
On one occasion, the supe was shilling for the district’s literacy initiative, and brought a parent with him. Her son had been having a hard time with his reading, and had benefitted from the school’s program. Though she was pleased, she remained frustrated at what a struggle it was.
I related a personal story: I too, had had a devil of a time learning to read. My parents bought some flash cards with basic words printed on them. Every morning, the cards were arrayed on the kitchen table, arranged in simple phrases. I was required to read them after breakfast. One of my parents was always there to help me sound it out, but I had to do the work. Their efforts were successful, and it was like water downhill thereafter.
I suggested to the mother that she might try something similar. She looked at me as though I had sprouted horns and a tail. “Do I look like a teacher? That’s the SCHOOL’S job!”
Which is just a long-winded way of saying that I couldn’t disagree more strongly with you and Hillary. It doesn’t take a village. It takes parents. Unfortunately, some who procreate really shouldn’t.
Last login: Saturday, July 25, 2015
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