|Posted on Tuesday, May 17, 2011 - 05:45 pm: ||
Imitation President Obama's speeches sum up his views on oil, natural gas and energy prices in just 44 words.
"We have less than 2 percent of the world's oil reserves. We're running out of places to drill. We're running out of oil. We need to end our $4 billion in annual taxpayer subsidies to oil companies. We need to invest in clean, renewable energy," he said.
As Congressman Joe Wilson would say, That's a lie!
Or at least a deliberate distortion of facts.
Oil "reserves" are what can actually be produced at today's prices, with existing technologies, and under current laws and regulations. America has vast oil, gas and coal resources — centuries of potential hydrocarbon energy. We certainly have the technology to extract it, especially at $100 a barrel. What we don't have are laws and regulations that allow us to do so.
If the President were honest, he would say: "We're running out of oil that Democrats, my Administration and our radical environmentalist allies will let this country produce. We're running out of places we'll let companies drill. We have 2 percent of world oil reserves, because we've made most of our resources off limits."
|Posted on Tuesday, May 17, 2011 - 05:50 pm: ||
and in addition....etc.etc..
"We oppose subsidies for oil and coal companies (even in the form of tax deductions for actual expenses), because they promote drilling — and their CEOs and workers rarely vote for us. We support huge subsidies for wind, solar and ethanol, because those guys help keep us in power and drive a transition to renewables.
“We know oil, gas and coal generate royalty and tax revenues, and provide 85 percent of the energy that powers America and supports jobs, commuting, factories, transportation, tourism, hospitals, ambulances, churches and living standards. But we don’t care about that or about revenues, except when they come from higher taxes on corporations – or rich families that make over $250,000 … $150,000 … $65,000 a year. We detest free enterprise, and think government should control more of your energy, economy and lives.
“And we love the way supply and demand laws drive prices up. DC area gasoline is already $4.25 a gallon. That’s about half of what Energy Secretary Chu and I would like it to be: European prices. And we know restricting energy supplies even further will send all prices skyrocketing even higher.”
As crazy as they sound, these ideologies are even more frightening and demented in practice.
Oil production in the Gulf of Mexico is projected to drop 240,000 barrels a day this year. That’s $9 billion more that America will have to pay this year to import replacement oil … $1.3 billion we won’t collect in federal royalty payments … thousands of jobs that won’t be “created or saved” … and billions in corporate, personal income and sales taxes we won’t collect.
The U.S. Geological Survey says upwards of 90 billion barrels remain to be discovered in the Arctic. ANWR alone could hold 16 billion barrels of recoverable oil, producible from areas totaling 1/20th of Washington, D.C. But it’s all locked up, off limits to We the People who own it.
Meanwhile, the huge Prudhoe Bay field is slowly running dry. So the Alaska Pipeline is operating at a fraction of its capacity, which increases corrosion and blockages in the pipe, magnifies the risk of ruptures and spills, and threatens the future of all Alaskan oil. Shell Oil spent $3.5 billion acquiring and exploring leases in the Chukchi Sea — but Interior and EPA refuse to issue drilling permits, because diesel emissions from the rig could cause global warming or affect the health of natives 20-50 miles away! It all adds up to less oil, less royalty revenue, fewer jobs and more imported oil. Just as Obama & Co. intend.
Made in America technology and innovation have unlocked centuries of new natural gas in U.S. shale formations (and similar deposits all over the world). This game-changing development has reduced gas prices … completely unhinged Obama, Democrat and other environmental ideologues … and devastated their “we’re running out” mantra. So they’ve rallied the troops, to produce a bogus “documentary” film (“Gasland”), a sloppy Cornell University “study,” and reams of new EPA regulations, to stymie shale gas. A thorough analysis by science writer Matt Ridley provides much needed facts and perspectives. (The same horizontal drilling and “fracking” technologies are also unlocking eco-nightmarish new oil riches.)
Coal generates half of all U.S .electricity, and 70-98 percent in twelve states — sustaining jobs by keeping air conditioning, heating and machinery operating costs at about half of what is typical in states that get little or no electricity from coal. But the EPA has issued 946 pages of new air quality rules and launched a massive propaganda campaign against mercury emissions — even though those power plants account for barely 0.5 percent of all mercury in the air Americans breathe. President Obama has said he wants to “bankrupt” the industry.
All told, over a billion acres of onshore and offshore energy prospects are locked up — costing us centuries of fuel, millions of jobs, and hundreds of billions in bonus, royalty and tax revenues. Of course, there are “no quick fixes” for our energy problems, as President Obama loves to remind us. But if we’d begun drilling in some of these places 10-20 years ago, we wouldn’t be in this fix today.
As to subsidies, even the alleged billions for oil companies are a pittance compared to subsidies for wind, solar and ethanol. Subsidies per unit of energy actually produced are even more shocking. According to the Energy Information Administration, gas-fired electricity generation received a mere 25 cents per megawatt-hour in 2007 subsidies; coal got 44 cents. By comparison, wind turbines got 23.4 dollars and photovoltaic solar received 24.3 dollars per mWh.
Moreover, oil and gas is 24/7 — with 95 percent reliability. The industry supports 9.2 million jobs, directly and in companies that depend on reliable, affordable oil, gas, gasoline, fertilizer, plastics, pharmaceuticals and electricity. It generates federal revenue, paying billions in taxes and royalties. The same holds true for coal.
By contrast, wind and solar produce electricity just two to eight hours a day — with backup generators making up the monumental shortfall. That means we must duplicate every megawatt of wind and solar with a MW of (mostly gas-fired) backup power — which requires even more land and raw materials to support the government-mandated transition to “eco-friendly” renewable energy systems.
More appalling, instead of generating tax or royalty revenues, wind and solar require perpetual subsidies. Solar panel maker Solyndra got a $535 “stimulus” loan in 2009; then, the day after the 2010 elections, it announced it was laying off 190 people. In April 2011 alone, the Department of Energy poured $9 billion in loan guarantees into wind and solar projects that will blanket large swaths of crop and habitat land.
Ethanol receives subsidies of $5.72 per million Btu (190 times what oil and gas companies get), so that we can burn food to make fuels that government won’t let us drill for. In 2010, American farmers turned 36 percent of their corn crop into ethanol, which provides 30 percent less energy than gasoline — meaning cars get less mileage per tank for more bucks per gallon. Making one gallon of this substandard fuel also requires some 1,700 gallons of water and large quantities of petroleum-based fertilizers and pesticides. Worse, energy economist Indur Goklany calculates, biofuel policies cause up to 200,000 deaths a year in poor countries, by raising food prices, increasing malnutrition and making people more vulnerable to disease.
Overall, since assuming power in Washington, the Obama Administration has channeled over $60 billion into the “green jobs” sector. And the renewable energy subsidy train rolls on, with tanker cars of red ink bankrolled by US taxpayers and consumers — to provide less than 1 percent of the energy we use.
If Congress still refuses to hold inquiries and end these tax-subsidized scams, perhaps the most we can hope for is that a few courageous and publicly spirited governors and AGs will step into the breach.
Read more at NetRightDaily.com: http://netrightdaily.com/2011/05/rants-lies-subsidies-and-job-killing-policies/# ixzz1Mf1BF6XG
|Posted on Wednesday, May 18, 2011 - 05:09 pm: ||
Left-wing billionaire George Soros (Soreass) is using his money to advance a radical, globalist world order agenda while diminishing American sovereignty... and the liberal media are in on it.
The Media Research Center -- the nation’s foremost liberal media watchdog has launched a national “Demand the Media Tell the Truth About George Soros” petition -- alerting the public, and holding the liberal media accountable for their active participation in Soros’ anti-American plans in bringing our nation down.
Sign the petition demanding the media to tell the truth!!
|Posted on Friday, May 20, 2011 - 02:25 pm: ||
Koch: Israel Facing 'Most Dangerous and Critical Period' Ever
Democratic senior statesman Ed Koch says Israel is facing its “most dangerous and critical period” and he is ready to break with his party in the next presidential election over President Barack Obama policies on the Middle East.
In an exclusive interview with Newsmax.TV, the former New York City mayor said, "Mitt Romney correctly summed it up when he said that President Obama has once again thrown Israel under the bus."
Another stupid stunt to bring him closer to his Muslim religion and Cronies.
LEAVE ISRAEL ALONE!!! They are God's people and will kick your rear if attacked.
|Posted on Thursday, June 09, 2011 - 11:31 am: ||
10 Reasons Obama Can't Feel Your Pain:
Single-handedly destroying the economy
Driving up gas prices to unthinkable numbers.
Forcing Americans to accept ObamaCare.
Advocating and pushing amnesty for illegals.
Engaging in back-door gun control measures.
Stuffing the courts with Liberal ideologue judges.
Massive failed stimulus packages.
Government takeover of private enterprise.
Punishing job creators.
Taking over the Internet.
|Posted on Sunday, June 12, 2011 - 04:31 pm: ||
There is enough oil under Prudo Bay in Alaska to serve this country for 200 years... But, it is top secret...
|Posted on Wednesday, June 15, 2011 - 02:33 pm: ||
Former Defense of Marriage Act Defenders' History of Unprofessionalism
June 15, 2011
Former Defense of Marriage Act Defenders' History of Unprofessionalism
J. Christian Adams
The giant law firm King & Spalding received a flurry of criticism recently for canceling its agreement to represent the United States House of Representatives in defending the Defense of Marriage Act. After Attorney General Eric Holder announced that the Obama administration would no longer defend the constitutionality of the law, the House retained the high priced Atlanta firm to do the job Holder took an oath to do.
After vocal pressure from gay activist groups, the firm flinched, and dumped their client in the middle of litigation. King and Spalding attorney Paul Clement nobly resigned in protest over the ethically questionable dump of their client and continued to represent the House at a new firm.
But I have learned that this isn’t the first time King & Spalding has been criticized for its unprofessionalism. Those familiar with the New Black Panther voter intimidation case I brought while I was an attorney at the Justice Department will also recognize the name Christopher Coates. Coates was the former Justice Department Voting Section Chief who testified, as I did, before the Civil Rights Commission about the Justice Department’s racially unequal law enforcement priorities.
In Williams v. General Motors Corp., 158 F.R.D. 510 (M.D.Ga. 1993), Judge Duross Fitzpatrick chastised King and Spalding in a published opinion for trying to “take advantage of the personal crisis” of Coates when he was in private practice.
Counsel for both sides of the lawsuit were in Albany, Georgia, to take depositions. In the middle of the night before the first deposition, the Coates got an emergency call telling him that his father was gravely ill and imploring him to come to Charlotte, North Carolina immediately. (Coates’ father died a few weeks later.) Coates instructed his paralegal to call the King and Spalding lawyers to explain what happened (which she did), and Coates immediately left for North Carolina to be with his dying father.
Human decency and professional courtesy would dictate that the lawyers merely reschedule the deposition. But King and Spalding instead filed a motion for monetary sanctions against Coates for being at his critically ill father’s bedside instead of attending a deposition!
Not only did Judge Fitzpatrick deny the motion for sanctions, he actually awarded sanctions against the King and Spalding lawyers for filing the motion in the first place. An obviously angry Judge Fitzpatrick unloaded on Paul Clement’s former firm. Fitzpatrick wrote that the law had “reached a sad state when one lawyer will take advantage of the personal crisis of his brother lawyer…The fact that Defendants’ counsel is a member of one of the most respected law firms, not only in the state, but in the whole country, make his conduct even more shameful.”
The same could be said for King and Spalding abandoning a client and case it had taken.
Judge Fitzpatrick described the base character of the firm’s actions. “Traditionally, at least in smaller towns and cities of this state the reaction of a lawyer to his opponent’s personal crisis would be one of concern, but here, the reaction was solely one of greed – who will pay me for my lost time?”
Since Paul Clement left King and Spalding, numerous clients have fired the firm, including Virginia Attorney General Ken Cuccinelli and the National Rifle Association. Paul Clement, by resigning to continue the representation of the House of Representatives, has clearly helped to safeguard the interests of the professionalism. Sadly, King & Spalding’s actions have twice harmed the profession.
Few understand how large high priced law firms have devoted millions of dollars in attorney time to the agenda of left wing activist groups. Two firms, Jenner and Block and Eric Holder’s old firm, Covington and Burling, have spent hundreds of pro bono hours representing terrorists held at Guantanamo Bay. In contrast, the same sort of giant law firms dump paying clients who represent organizations or efforts seeking to defend the traditional American family. These giant law firms are using their top end legal fees to subsidize an activist agenda at odds with most of America. Whether the clients who pay the exorbitant fees to subsidize these activist agendas even know or care remains to be seen.
Judge Fitzgerald concluded his decision sanctioning King and Spalding by saying that when “all courtesy, goodwill and decency should finally be bled out of the practice of law it will be a sad and bitter calling that remains; I cannot imagine a more unpleasant way to earn a living than to be a lawyer in a profession devoid of any semblance of kindness, courtesy or humanity.” The firm never learned that courtesy, goodwill and decency includes representing your client even when that representation does not meet the latest politically correct standards, or when an opposing lawyer has a critically ill relative.