HAPPY MOTHERS DAY TO ALL THE MOTHERS OF THIS WORLD. I BRING GOOD NEWS FOR YOU and more evidence that Communist Socialist manipulators who hide behind "environmentalist" and "progressive" lables want people to believe that we are running out of everything so that we give up our freedom and let the government limit our wealth and our industious developments. (Thats the bad news)
The truth is we need more entrepreneurship and a better appreciation and understanding about the fundamentals of business and economics, not bigger and bigger government which encroaches on liberty and limits our capabilities while it makes promises that it cannot keep and which it is not the role of the government to be making. Human beings and their economy and spirit are very resilient and can recover very well from bad times and experiences and failures. (The good news)
In India "Warehouses are overflowing and huge quantities of wheat and rice [...] millions of tons of wheat rotting because India ran out of warehouse space to hold another bumper crop" Steven Hayward asks: "REMEMBER HOW PAUL EHRLICH WAY BACK WHEN HE SAID FOOD PRODUCTION WOULD NEVER CATCH UP WITH POPULATION GROWTH, THAT INDIA WAS DOOMED, ETC, ETC? (Lester Brown still says this every other week.)"
(From "Paul Ehrlich Was Unavailable For Comment" by Steven Hawyard
http://www.powerlineblog.com/archives/2012/05/paul-ehrlich-was-unavailable-for-comment.php)
Meanwhile, America is "Swimming in Oil" which we have not been allowed to access FOR NO GOOD REASON!
"America has more fossil fuel resources than any other nation. Russia is second, Saudi Arabia is third."
Just last Thursday "a representative of the Government Accountability Office testified before [Congress] that the Green River Formation alone [...] at the intersection of the states of Colorado, Utah and Wyoming, and mostly underlies federal lands–CONTAINS AS MUCH OIL AS THE ENTIRE PROVEN RESERVES OF THE REST OF THE WORLD COMBINED"!!!
Will the LIE-beral Marxist control freaks "block the development of the resources that can assure America’s economic supremacy for generations?"
(From We Are Swimming in Oil by John Hinderaker
http://www.powerlineblog.com/archives/2012/05/we-are-swimming-in-oil.php)
Tim Dunn and expert in the field and the CEO of Crown Quest Operating and a member of the Texas Public Policy Foundation writes:
"The Ghawar field in Saudi Arabia is probably the most prolific oil field in the world. When I worked on the field in 1979 as a young Exxon engineer fresh out of college, it produced around seven million barrels per day out of only a couple hundred wells.
"The enormous coral complex buried almost two miles under ground that contains the oil is so large it creates a hill on the surface...
"In time smaller, more difficult to produce fields get found. Since the oil industry as we know it was largely invented by Americans, the United States was developed preferentially.
"The US currently produces less than ten percent of the world’s daily oil production but STILL RUNS HALF THE WORLD'S DRILLING RIGS. Oil production peaked in the US in the early 1970’s and declined until just recently.
"In my last post I mentioned that an American’s daily need for 2200 Calories from food is equaled by only four 13 ounce bottles of oil, and each bottle would only cost about a quarter. But only a few years ago it was less than a dime per bottle. I think this Peak Oil theory is accurate when applied to the easy-to-access oil the industry focused on until recently.
"BUT ONCE THE PRICE WENT FROM TEN CENTS PER 'COKE CAN' TO TWENTY FIVE CENTS OIL ENTREPRENEURS WENT TO WORK. In Canada, they started accessing oil so heavy it won’t flow. It requires steam heating and processing before it is useful. At the higher price of twenty five cents per 'coke can' that is now profitable. Canada comes just after Saudi Arabia in oil reserves; they just aren’t the easy-to-access sort.
"I spoke with a guy developing some of these Canadian reserves. He told me they spent a hundred and fifty million dollars building a road just to get trucks and equipment to an oil field. But at the higher price for oil, entrepreneurs find a way and paying the cost of access is part of it.
"Canadian oil producers now expect production to double in the next fifteen years.
http://www.capp.ca/aboutUs/mediaCentre/NewsReleases/Pages/2011-Oil-Forecast.aspx
"Higher prices make it worthwhile to pay the additional cost to recover oil supplies that aren’t more easily accessed like the oil at the 'conventional' Ghawar Field.
"By the way, since the Obama Administration killed the Keystone Pipeline, Canada will sell their oil to Asia.
http://www.commentarymagazine.com/2012/04/03/china-canada-oil-and-obama/
"So our Energy-crats spurned nearby oil supplies from friendly, politically stable Canada in favor of imports from… Venezuela. Want to turn over more decisions about our economy’s 'food supply' to the Energy-crats?
"We all prefer cheap prices, but the recent price increase will be a part of ensuring ample supplies of this miracle fuel, that even at the higher price of twenty five cents per 'coke can' costs less than half the price of a comparable amount of carbonated sugar water. Natural gas supplies are now seemingly endless, and if you owned a compressed natural gas car you would be driving for the gasoline equivalent of forty cents per gallon (before taxes.) But first natural gas prices went from $2 to $8.
"And in fact, something similar is happening in the US oil sector. More on that in the next Post."
(From Oil-Haters and Energy-crats by Tim Dunn, posted by Hugh Hewitt. More here
http://www.hughhewitt.com/blog/g/e1ca80e6-ea62-4097-84bc-155e9b5a4bbb)
-Chris, Free Market Circle, Patriots in Action Los Angeles
HAPPY MOTHERS DAY!
