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OBAMA WANTS TO DESTROY AMERICA

Published on Apr 28, 2012 by TheAmericanMilitiaHQ

OBAMA WANTS TO DESTROY AMERICA! Watch this video and forward the link to your friends who still believe in America. Video content by Free Market America.

Wrecking a Nation: Oil, Dependency, and Redistribution

Monday, 28 March 2011 01:00
Written by  Ralph R. Reiland

Here’s how the economic and political system of a nation is destroyed.

Every price increase of just a dime per gallon of gasoline at the pump extracts approximately $5 billion from the pockets of U.S. consumers over the course of a year.

On top of killing family budgets, with a dollar per gallon jump at the pumps picking our pockets of $50 billion per year, there is on the macro level an inverse relationship between the price of oil and the overall health of the economy — oil price hikes deliver less job growth, less demand for labor, more unemployment, more poverty, more inequality, more inflation, lower real income increases, and smaller advances in the standard of living.

Additionally, higher oil prices directly cause greater amounts of U.S. capital to be exported, both to pay the higher prices and to pay for the growing levels of imported oil.

In 1985, the U.S. imported 25 percent of its oil usage. Today, it’s 61 percent. And still we are placing restrictions on increases in domestic production, both for oil and other sources of energy.

A few days back, President Obama, rather than sticking around a couple hours to explain to the American people or to the U.S. Congress why we were going to war in Libya, flew off to Brazil to hand out a permit to allow deep sea oil drilling in the Gulf of Mexico to Brazil’s state-run oil company, Petrobras. Capitalist companies in America need not apply.

This particular foreign deal was an especially snug and nostalgic fit for Obama. Brazilian president Dilma Rousseff is somewhat of a Latin form of Obama’s old Weather Underground chum Bernardine Dohrn.

In earlier days, Rousseff, a former Marxist guerrilla, was charged with running with a gang of redistributionists who accumulated revolutionary capital by way of kidnapping foreign diplomats for ransom.

A top priority for Rousseff today mirrors the “spread the wealth around” objective that Obama stated to Joe the plumber.

Dohrn, just home from a trip to Cuba in 1969 where she hoped to pick up some pointers on how to impose a “classless” society on the United States, displayed her true psychopathic colors in a speech she made to the Weathermen’s “War Council.” Speaking elatedly of the murders by the Charlie Manson gang of actress Sharon Tate, coffee heiress Abigail Folger, and three other people, Dohrn proclaimed, “First they killed those pigs, then they ate dinner in the same room with them, then they even shoved a fork into the victims’ stomachs! Wild!”

That’s the fully hateful Bernardine on public display, seeing herself as a new George Washington, a revolutionary fighter for a new nation. It’s the same role, except this founding mother was in serious need of a super-sized bottle of antipsychotic drugs and a super-tight straight-jacket.

Of all the places for candidate Obama to kick off his political career in 1995 in his first run for the Illinois State Senate, he picked the living room of Bernardine Dohrn and husband Bill Ayers, co-founder of the Weather Underground and, more recently, the national vice president for curriculum studies at the American Educational Research Association.

I’d have kept up my guard when Bernardine sashayed out of the kitchen and began circulating around with the hor dourves and metal forks.

In any case, it’s no surprise that things are coming apart, especially on energy. “If somebody wants to build a coal-fired plant, they can,” pronounced Obama during the presidential campaign. “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.”

What’s the end game?  “Suicide Mission Accomplished”?

Ralph R. Reiland is an associate professor of economics at Robert Morris University in Pittsburgh.

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Gulf index still shows oil permits behind

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By Debbie Glover
St. Tammany News

Before oil spill, deep water drilling permits were being issued at a rate of an average of 7 per month. Today, only 4 are being issued on average a month.

Things are not much better for shallow water permits. While an average of 7.3 permits are being issued a month, about 14.7 permits per months were issued before the oil spill.

In addition, the number of days it is taking for a plan to be approved is now 115, compared to the historical average of 61 days. All deep-water plans that include any type of drilling activity must now undergo an environmental assessment process; for those plans requiring them in 2011, the average approval time is 235 days, significantly higher than the overall average approval time. Additionally, in 2011, 37 percent of plans submitted to BOEMRE are being approved, or about half of the historical 73.4 percent approval rate. At a St. Tammany West Chamber of Commerce meeting earlier this year, Sam Giberga, senior vice president and general counsel of Hornbeck Offshore Service said the typical cost of a well is $120 million. The success rates of wells is about 15 percent. “You’ve got to drill a lot wells to get oil,” said Giberga.

“Companies are dying every day,” he said. “Each barrel of oil that is used has to be replaced and it is getting harder and more expensive to replace it.” Giberga said that from the first leasing of the territory to a working, producing drilling rig is about five years. Plans must be approved, testing and explorations are done long before the rig is built. Therefore, even though the statistics that are released show a permit has been issued, this does not mean a rig will suddenly appear and produce oil.

In fact, some of those permits that have been given since the moratorium was declared over last October are permits that are being re-issued from last year, not new wells that can drill that day and oil will flow. Since last October, only four drilling plans have been approved. There is a backlog of plans pending approval for both deepwater and shallow water in exploration and development.

With the new regulations that have been issued by the executive branch, new sources of conflict are arising because of environment assessments that are now required for all permits, spurring environmental groups for the first time regarding drilling in the Gulf of Mexico.

There is a lot of confusion over the new regulations. “There exists now a cloud over the industry. Do we need to rebuild existing structure? What kinds of adjustment must be made? Other questions entering the minds of the industry are what’s coming into the future?” asked Giberga. When so much capital is needed prior to realizing any return, companies are asking if it’s worth it.

The lack of drilling is also affecting other industries. “Shutting down rigs has caused a ripple effect,” said Giberga. “There is a web of infrastructure that depends upon this industry, and if the assets leave, they won’t be coming back… There is a direct threat to companies and the country at large.”

Sadly, many states around the country still don’t understand the plight of the industry in the Gulf. For one thing, Giberga confirmed that it is true that other countries are drilling in areas of the Gulf not regulated by the United States. In other words, drills from Mexico, Venezeula and other countries can drill in other parts of the Gulf and could cause a spill due to lack of safety or poor decisions that would still effect the United States’ coastlines, not to mention the economy.

The affects of the new regulations on permits and plans and the long range energy economy will be seen for many years to come. Meanwhile, the permits are being approved—very slowly.

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