Showing posts with label Energy. Show all posts
Showing posts with label Energy. Show all posts

Friday, November 21, 2014

If You Want to Know Why Gasoline Prices are Down -- Way Down

U.S. oil production has risen by two-thirds since its 2006 low.


Dear President had warned that we can't drill our way to lower gas prices, and castigated those who said so (which would include me) as bullshitters and liars. 



Thank you Barack Obama for your reserve, level headedness and respect.

Good luck to all and have a great day!



Wednesday, November 19, 2014

Since Democrats Hate Energy

And don't dispute it ...

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Democrats want America to be energy independent. As long as it doesn't involve the pipeline. Or fracking. Or any new dam, coal plant, nuclear plant or oil refinery. But wind is good, as long as it isn't near any beach used by a Kennedy. And solar is good, even if it does set birds on fire.

    Let's put it to a test this winter. Create a national regulatory system that requires Democrats to heat their homes with wind, solar and burning corn cobs this winter, period. What is good for the goose, is good for the goose.

    Saturday, October 18, 2014

    Market Savvy

    It turns out the President of Venezeula believes in market forces more than the President of the United States.
    Nicholas Maduro, el President of the "Fifth Republic" of
    Venezuela, guaranteeing free quality health care, free education
    through college, a clean environment and protection of the
    rights of all minorities and indigenous people. The country
    is mired in a long term economic slump. Real incomes are plummeting.
    CARACAS, Oct. 16 (Xinhua) -- Venezuelan President Nicolas Maduro on Thursday blamed Washington for the slump in global oil prices.
    Washington is "flooding" the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting.
    "The U.S. and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy," said Maduro.
     Yet your President, Barack Obama, preaching to his legions of ignorant believers, has famously said "We can't drill our way to lower gas prices." If you are wondering why he can't get hardly anything right, it is because the President of the United States is immune to the realities of commerce and economics. He is no better on matters of national security and disease control. Barack Obama is the most non-empirical president ever, a fellow who is delusional to the point of thinking he makes things true by his mere utterances.

    We have two years and three months left of this. God help us all. 



    Tuesday, April 15, 2014

    Tick-Tock-Tick-Tock --- Keystone XL

    Now, thanks to the re-election of Barack Obama as President of the United States of America, the Keystone XL pipeline remains in limbo, years after it should have gotten whole-hearted support. We have a president who fails to comprehend the importance of energy to a prosperous economy, and the key role that energy independence plays in our national security. 

    I was in Bismarck, North Dakota this past January. Believe me, there is no global warming up there dude.  It's about time the double talking lawyer in the White House gets off his rear and makes a move that is good for America. A decisive majority of  both houses of Congress agrees. The Keystone XL is swell.



    Monday, January 27, 2014

    Morning Musings on the Misleading

    I was momentarily encouraged.


    On the front of the paper this morning, we learn that "North Dakota's congressional delegation is pressing the Obama administration to reverse course on proposed changes that would significantly reduce the amount of ethanol in the country's fuel supply." Wow, something sensible I thought. The government is pulling back on one of its green in name only environmental follies -- a corny requirement. Alas, it is not to be. The EPA is merely maintaining the current insanity which has driven up food prices, polluted rural environments, and recklessly put sensitive and marginal lands into crop production. Only in Washington, DC is maintaining the status quo considered a significant reduction.

    Then, a dose of redemption on the editorial page was Thomas Sowell's latest column, beginning thus:
    Someone summarized Barack Obama in three words -- "educated," "smart" and "ignorant." Unfortunately, those same three words would describe all too many of the people who come out of our most prestigious colleges and universities today.
    Sewell recounts the collapse and destruction country states and regimes over the centuries whose overarching goal is economic equality. He points out that
    President Barack Obama awards the Presidential Medal of Freedom
    to the richest of Americans, Warren Buffett.
    there is no income gap between men and women when they are "in the same occupation, with the same skills, experience and education, hours of work and continuous years of full-time work."  He points out that the income studies about the status of the 1 percent do not concern "flesh-and-blood human beings" who contrary to the studies' implications "are moving from one bracket to another over time."  Sowell is a good read.  Check him out. 

    Friday, January 24, 2014

    North Dakota Is Number One

    North Dakota is the first state when it comes to a having a unique state capitol.

    North Dakota's 19 story art deco Capitol tower completed in 1934, photo January 24, 2014.

    And growing population, low unemployment and blistering economic growth.

    In today's Bismarck Tribune we learn that North Dakota is leading the nation in population growth.
     BISMARCK, N.D. — North Dakota had the largest percentage growth of population in the latest U.S. Census Bureau release of such numbers.
    The agency says the state grew by 3.1 percent from July 2012 to July 2013.
    North Dakota's population has bounced back to exceed its previous high, experienced in 1930. This is a major short term turn around for the state as well, economically and oil driven.
    Just a decade ago, North Dakota held the dubious distinction of being the only state to lose population. But its strong economy, led by the booming oil patch in the western part of the state, has attracted thousands of new residents in the past few years, reversing a decades-long trend of outmigration, where more people were going than coming, said Kevin Iverson, manager of the Census Office at the state Commerce Department. 
    "Obviously, the reason people are migrating here is for economic opportunity," he said. "The economy in the rest of the country isn't very good, and if the rest of the country wasn't helping us out, we wouldn't be where we are at." 
    North Dakota has gone from the nation's ninth-biggest oil producer in 2006 to the second, behind only Texas. The state has thousands more jobs than takers and the lowest unemployment rate in the nation, at less than 3 percent, Job Service North Dakota data show. 
    "After years of out-migration and population decline, it's great to see that our economic growth continues to keep North Dakotans home and that we are attracting new residents throughout the state," Gov. Jack Dalrymple said in a statement.
    And the rebound here is bringing young people and all that vibrancy stuff into the state.
    North Dakota Black Gold
    theme hat, January 2014.
    North Dakota's loss of young people between the ages of 25 and 39 was the highest outmigration rate of that age group in the United States from 1995 to 2000. The state's population is now getting younger. Census data show that the median age of North Dakota residents increased between 2000 and 2008, to 37.3 years of age. Since 2008, the median age of North Dakota residents has declined to 36.1 years of age, data show. 
    Iverson said people have moved from all states to North Dakota. 
    "Oil is the engine," he said. "It's just opportunity. People are realizing this is where the future is at."
    Oil it is, black gold, North Dakota tea.

    For more than 15 years, New York state has led the country in domestic outmigration: For every American who comes here, roughly two depart for other states. This outmigration slowed briefly following the onset of the Great Recession. But a recent Marist poll suggests that the rate is likely to increase: 36 percent of New Yorkers under 30 plan to leave over the next five years. Why are all these people fleeing? 
    The drivers are clear.
    For one thing, according to a recent survey in Chief Executive, our state [New York] has the second-worst business climate in the country. (Only California ranks lower.) People go where the jobs are, so when a state repels businesses, it repels residents, too.   
    Indeed, the poll also found that 62 percent of New Yorkers planning to leave cited economic factors — including cost of living (30 percent), taxes (19 percent) and the job environment (10 percent) — as the main reason.   
    Upstate, a big part of the problem is extraordinarily high property taxes. New York has the country’s 15 highest-taxed counties, including Nassau and Westchester, which rank Nos. 1 and 2.Most of the property tax goes toward paying the state’s Medicaid bill — which is unlikely to diminish, since the state’s most powerful lobby, the alliance of the hospital workers’ union and hospital management, has gone unchallenged by our new governor, Andrew Cuomo. 
    North Dakota yes, New York state no.


    Wednesday, January 8, 2014

    Can the Corn

    Don Surber, one the best bloggers blogging, wrote a dead tree media op-ed piece today, quoting song and verse, on the government ethanol mandate. Referring to Everly Brothers songwriters Felice and Boudleaux Bryant, Surber writes,
    The duo also wrote the blue-grass classic "Rocky Top," a tribute to the Great Smoky Mountains of Tennessee that the singer pines for, including the moonshine.
    "Corn won't grow at all on Rocky Top, dirt's too rocky by far. That's why all the folks on Rocky Top, get their corn from a jar," one verse goes.
    A jar is one place where corn belongs. Another place is on a cob. A third place is in a pig or a cow where the corn can eventually become bacon or a steak.
    Corn does not belong in an automobile.
    It's a corny requirement. Read it here, from the Charleston Daily Mail.
    Rural ethanol plants, one of the"green" consequences of the political influence of corn state senators.  Young corn plants grow next to the Guardian Energy ethanol plant in Janesville, Minn (NPR).  How about scheduling the first Presidential primary in 2016 somewhere other than Iowa?







    Sunday, January 5, 2014

    Get Competence Into Government

    Our first term Congressman is 5th generation Montanan, Steve Daines, formerly of Proctor and Gamble, Daines Construction, and RightNow Technologies (Oracle Corporation). He is probably the most competent and grounded in real world economic experience member of the United States Congress. He has announced his candidacy to replace retiring Senator Max Baucus who played the lead role in managing the passage of the cost increasing, choice reducing spaghetti mess known as Obamacare through the United States Senate. In the Senate races coming up this fall there is probably no one more capable of helping our country get back on the right track than Steve Daines. The news story is here.

    Congressman Steve DainesKTVQ story on my meeting with Crow Tribe leaders yesterday-- it's exciting to see the potential that exists on the Crow Reservation for responsible, job-creating energy development. Now it's time for Washington to get out of the way and allow the Crow Tribe to develop its resources and create good jobs for the Crow people.Crow leaders tell Congressman tribe needs jobs | KTVQ.com | Q2 | Billings, Montana
    ktvq.com
    CROW AGENCY - Congressman Steve Daines visited the Northern Cheyenne and Crow reservations, on Saturday.Unlike ·  ·  · 1421 · about an hour ago ·