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Posts Tagged ‘oil’

Drill, Brazil, Drill!

by Flyovercountry ( 34 Comments › )
Filed under Barack Obama, Democratic Party, Environmentalism, Politics, Progressives, Regulation at March 30th, 2011 - 11:30 am

Where do you start asking the questions of an Administration that threw coherent policy direction out from day one? One of the things the Democrats have been whining about since the Nixon years was the need for a national energy policy. We could argue the merits of such a policy for hours. The dry and often boring statistics of energy production and the economics of commodities prices would put all but the most serious of political wonks to sleep.  Sometime during the Jimmy Carter years, the Department of Energy was born.  A brand spanking new Federal Bureaucracy designed to deliver the much needed energy policy to ensure that our most needed commodity would be stable in price and supply was touted as a better solution than the free markets.  How has that worked? 

O.K. the last question was a cheap shot, but also a valid question.  I keep getting tired of hearing politicians state that we need to ween ourselves off of foreign oil.  Maybe it’s true, and maybe it’s not.  That is not what this essay is about.  What it is about is the incoherently inept/utterly dishonest energy policy being inflicted on the United States Citizenry today.  When the political left makes this claim to carry the mantle of energy independence, what they actually mean is that we little people must stop consuming energy and live a 7th century lifestyle.  If they campaigned on us little folk living in the dark ages, no one would vote for them.  So, they dress up their message, and state that we need to innovate and develop some mythical form of powering cars and heating our homes by developing something called green sources of energy.  Jimmy Carter installed Solar Panels on the White House in 1977.  Even with the power of 3Presidencies, and Democratic controlled congresses, 34 years later, and solar power, wind power and pixie sprite developed power account for zip. 

What is different this time, is that President Obama and his Administration have gone out of their way shut down every legally operating American Business producing the energy America needs.  It has gotten so bad in fact that a Louisiana Federal Judge has found the President of the United States in contempt of court.  For anyone who does not understand the historical perspective of this, it is the first time it has happened in our nation’s history.  President Obama earned 3 Pinocchios for making the statement that the reason we needed to drill in 1 mile deep ocean water is that we have exhausted our supply of oil closer to the continental United States.  Question:  How on Earth can we ween ourselves off of foreign oil by not drilling for our own supply here?

At the same time we are not drilling for our own oil here, but Obama and his minions are devising a plan to penalize those companies who hold leases to land and are not drilling.  This maneuver deserves the full 4 Pinocchios.  It gives the appearance that we are doing something to actually solve the problem.  Yes, the oil companies hold leases to land where they don’t currently drill.  Not being an expert, my guess would be because they know already that drilling would not actually produce any oil.  I don’t know how expensive it is to drill for nothing except the joy of drilling, but since it does not happen all that often on purpose, I believe that I will side with the oil companies decision making on this particular issue.  What else has the Obama Administration done to help America supply its markets?  This one will blow your collective minds.

Obama and his cronies are giving George Soros, the owner of the Democrat Party, Two Billion Dollars to do some oil drilling in Brazil.  Let that sink in for a minute of two.  So, the answer according to Obama is to forgo allowing American Businesses from doing what they do, hiring American workers, providing a more cost efficient commodity, and establishing the, “best environment for conducting commerce in the world,” to help a foreign speculator employ Brazilians produce the same commodity and increase the added expense of transportation and excise tariffs, and a Two Billion Dollar taxpayer funded gift.  How does this ween us off of foreign oil? 

One of the positives of Obama being President is that when he was candidate Obama, the press was able to keep his policy ideas a secret and just tell us all it was hope and change.  It is far more difficult to do that with President Obama.  When candidate Obama announced in a meeting on the campaign trail that his policies would bankrupt the electric producers and the oil companies, only a few news sources carried the story.  If you watched CNN, ABC, NBC, CBS, MSNBC, HLN etc., then you did not get to hear that.  Now, as President Obama, and his policies are actually, as planned, bankrupting the electric producers and the oil companies, it will be far more difficult for the aforementioned news outlets to keep that fact hidden.  I really have to laugh at those of you who idiotically refer to Fox News as Faux News.  We all saw this disaster of a Presidency coming, you are still under the delusion that this was unexpected.

Crossposted at Musings of a Mad Conservative.

“Try DOME GAS – It’s Better”

by Bunk Five Hawks X ( 97 Comments › )
Filed under Economy, History, Humor, Open thread at June 16th, 2010 - 10:00 pm

[Originally posted here, 12 July 2009, but not entirely out of date. Click on the image for a larger view.]
Dome Gas 1926_Strange Cosmos 090710

WHOA! 23¢ a gallon! And what a GREAT slogan.

Let’s talk about gas prices vs. inflation.
Inflation calculator: 1926-2009 = 1,108.2%

Price per Gallon in 1926 (regular, leaded): $0.23/gal
Federal Gasoline Tax (up to 1933): $0.01/gal = 4.55%
Actual cost per gallon (1926 dollars): $0.22/gal
Actual cost per gallon, less taxes (2009 dollars): $2.66/gal

Price per Gallon (regular unleaded) 10 July 2009: $2.90/gal
Federal Gasoline Tax 2009: $0.184/gal
California (Local + State + Fed Taxes) 6 July 2009:
$0.645/gal* = 2.9%

* Includes CA Sales Tax (7.25%) CA County & Local Sales Tax (1.25%), and UST tax (1.2%) whateverTF that is.

Actual cost per gallon, less taxes (July 2009): $2.26/gal**

**Note that the base price stated for California gasoline includes costs for state mandated fuel additives, summer/winter mixes, ethanol. Note also that this amount includes franchise fees, business license fees, miniscule profit by the small business folks, and Swantzenegger Boxer Feinswein Pelosi & Waxman fees, other “revenue enhancement fees” emanating from Sacramento, and costs for gettin’ the lead out.

[Sources found here and here.]

Now Let’s talk about mileage and cost and technology.

MILEAGE & COST

Say you’re in Washington D.C. and you want to drive to Little Rock Arkansas to have a chat with a former President at his library, Bubba’s Books. It’s a little over 1,000 miles away. Let’s also assume that all the roads are paved and level; no mountain passes or dirt roads to take. Lookee here.

1926 Model T

1926 Ford Model T (1909-1927)

When production of the Model T began, the cost was around $850, around $1200 less than most cars. By the early 1920’s, the price of the Model T cost about $300.

(Cost $300 in 1920 dollars = $3,207 in 2009 dollars.)

22hp engine, no a/c, no electrical appurtenances, manual windshield wipers, manual crank start (risking a broken arm):
Top speed (level paved road): 30 mph
Gas mileage: 13-21 mpg
1K miles @ 30 mph (excluding stops): 1 day 9 hours 20 minutes.

Trip Cost in 2009 dollars:
1,ooo mi./21 mpg x ($2.66+$0.645 taxes)/gal = $157.62

2009 Ford Escape

 

2009 Ford Escape SUV – $20,515 (basic)

171 hp engine, electronic ignition, emission controls, a/c, electrical appurtenances, safety equipment;
Top speed: 100+? mph
Gas mileage: 20-28 mpg
1K miles @ 65 mph (excluding stops): 15 hours 23 minutes.

Trip Cost in 2009 dollars:
1,000 mi./24mpg x $2.90/gal (incl. taxes) = $120.83

Cool. 83 years later, a 1,000 mile roadtrip in an evil gas-hoggin’ SUV takes less than half the time and costs almost $40 less. Is this a Great Nation or what?

We have cheaper gasoline than at the dawn of the automotive era, and we’re able to drive farther, faster and more efficiently than ever. So what did Our President have to say about it?

Obama, touring a California electric car plant on Thursday, said, “The 1908 Model T _ think about this _ the 1908 Model T earned better gas mileage than the typical SUV in 2008… Think about that: 100 years later, and we’re getting worse gas mileage, not better, on SUVs,” Obama said.

Complete apples/basketballs non-sequitur.

Yeah it’s an Obama story that’s only 4 months old as of this post. My point is that gasoline is cheaper and of better quality now, and that automobiles are cheaper, more efficient, and safer than they’ve ever been in the history of the industry.

Wanna make gasoline EVEN cheaper, reduce oil imports, and employ more workers and give REAL stimulus to the US economy?

Let’s compete with OPEC by drilling in ANWR, the Gulf of Mexico, Atlantic & Pacific Oceans, and refurbish and build more refineries. Then we can buy PEMEX, too, and help resolve some of Mexico’s financial problems.

It’s my opinion and it’s very very true.

Cause I’m The Tax Man….Yea, I’m The Tax Man…

by WrathofG-d ( 92 Comments › )
Filed under Barack Obama, Democratic Party, Politics, Socialism at September 1st, 2009 - 3:02 pm

Let me tell you how it will be.  There’s one for you; nineteen for me…

View ImageAFL-CIO, Dems Push New Wall Street Tax

The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.

The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.

[Thea Lee, policy director at the AFL-CIO. said that] “The big disadvantage of most taxes is that they discourage some really productive activity,” she said. “This would discourage numerous financial transactions. People flip their assets several times in an hour or a day. They make money but does it really add to the productive base of the United States?

Lee said that taxing every stock transaction a tenth of a percent could raise between $50 billion and $100 billion per year, which could be used to pay for infrastructure projects and other spending priorities. She said the tax could be applied nationwide or internationally.

The AFL-CIO and some allied Democrats would like to cut down on the overall level of trading, or at least give the U.S. government a piece of the action, which would likely tamp down trading.

Democrats and labor officials would also like to take a bite out of Goldman’s profits. Liberals are angry the company, which immersed itself in the frenzy of speculation leading to last year’s financial collapse, is now making huge profits after accepting (and repaying) $10 billion in government aid. Goldman employees are on track to earn an average of more than $700,000 this year.

There is also a growing realization among Obama administration officials and lawmakers that tax increases may be necessary to curb the ballooning federal deficit.

{The Article}

Spreading the wealth around? Check! Attempting to control the free actions of the people? Check! Spending other people’s money? Check! Arrogant attitude about how much others should make? Check!  Check!  Internationalism?  Check!

Ah…this must be “Change We Can Believe In”.

…And your working for no one but me!

__________________________________

Let’s put this Congressional “generosity” in context:

–  Congress’ Travel On Taxpayer’s Dime Rises Tenfold

Yukia Amano To Replace ElBaradei As IAEA Head

by WrathofG-d ( 19 Comments › )
Filed under Iran, Nuclear Weapons, United Nations, World at July 2nd, 2009 - 10:31 am

After three previous rounds of inconclusive voting back in March, the UN nuclear agency’s 35-nation board finally chose Yuikya Amano to replace Mohammad ElBaradei as IAEA head.  He will start in November 2009.

____________________________


Mr Amano won the required two-thirds majority from the IAEA governing board, defeating his South African rival, Abdul Samad Minty, by 23 votes to 11.

Mr Amano had the support of many industrialised countries while Mr Minty was favoured by most developing nations.

The vote reflected that split, with Mr Amano scraping through to victory by the bare minimum margin, without the support of developing states. There was also one abstention.

Mr. Amano has held senior arms control posts in Tokyo and most recently was Japan’s representative at the IAEA.

{The Rest of The Article}

_________________________________

The jury is still out on what type of difference this election make on the agency, if any.  While some are very unenthusiastic about this change, the BBC (as quoted above) seems to consider Mr. Amano to be the West’s guy.

However, insofar that Japan just entered into a major oil deal with Iran, I’m not very optimistic that Mr. Amano is going to be the watchdog we are looking for.