Cold Fury

Harshing your mellow since 9/01

Good ol’ American ingenuity triumphs again

Despite the best efforts of the nefarious forces aligned against it—up to and including the current illegitimate junta running the FUSA.

Opec’s worst fears are coming true. Twenty months after Saudi Arabia took the fateful decision to flood world markets with oil, it has still failed to break the back of the US shale industry.

North America’s hydraulic frackers are cutting costs so fast that most can now produce at prices far below levels needed to fund the Saudi welfare state and its military machine, or to cover Opec budget deficits.

This is a cold douche for Opec. It has been an article of faith among Gulf exporters that hedging contracts had kept US shale companies on life-support and that there would be a brutal cull as these expired in the first half of this year.

No such Gotterdamerung has occurred.

Aww, so sad. Imagine how upset our enviro-douchebag, Muslim-sucking retard of a pRetend pResident must be. As always, if it makes Obama unhappy, it’s bound to be good for America.

Suck on it, asswipes, every last one of you, from the shores of Tripoli to the festering, diseased swamps of Mordor on the Potomac. We’ll defeat you yet, by God. I’m suddenly reminded of a great quote from one of H Beam Piper’s books, one I use as an e-mail signature sometimes: “You know, Yves, he’ll do it. He doesn’t know how impossible this is, and when we try to tell him, he won’t believe us. There’s no stopping a guy like that.”

Says one hell of a lot, don’tchathink?


The feel good story of the year decade

Or: Government gets the hell out of the way; businesses recover, economy prospers, everyone benefits.

Excepting our adversaries abroad and shrieking domestic Eco-tards. Which, hey, I’m good with that too.

The Trickle of U.S. Oil Exports Is Already Shifting Global Power
The sea stretched toward the horizon last New Year’s Eve as the Theo T, a red-and-white tug at her side, slipped quietly beneath the Corpus Christi Harbor Bridge in Texas. Few Americans knew she was sailing into history.

Inside the Panamax oil tanker was a cargo that some on Capitol Hill had dubbed “Liquid American Freedom” — the first U.S. crude bound for overseas markets after Congress lifted the 40-year export ban.

It was a landmark moment for the beleaguered energy industry and one heavy with both symbolism and economic implications. The Theo T was ushering in a new era as it left the U.S. Gulf Coast bound for France.

The implications — both financial and political — for energy behemoths such as Saudi Arabia and Russia are staggering, according to Mark Mills, a senior fellow at the Manhattan Institute think tank and a former venture capitalist. “It’s a game changer,” he said.

For the Saudis and their OPEC cohorts, who collectively control 40 percent of the globe’s oil supply, the specter of U.S. crude landing at European and Asian refineries further weakens their grip on world petroleum prices at a time they are already suffering from lower prices and stiffened competition. With Russia also seeing its influence over European energy buyers lessened, the two crude superpowers last week tentatively agreed to freeze oil output at near-record levels, the first such coordination in a decade and a half.

Meanwhile, plummeting oil and gas prices, driven in part by the U.S. shale revolution, have already eroded OPEC and Russia’s abilities to use natural resources as foreign policy cudgels. They are also squeezing petroleum-rich economies from Venezuela to Nigeria that rely heavily on crude receipts to fund everything from military budgets to fuel subsidies.

What’s already clear is that even with crude losing about 70 percent of its value since the middle of 2014 amid a worldwide production glut and a slowdown in Chinese demand growth, buyers are happy for the chance to diversify their sources of supply.
“If you’re a buyer in, say, South Korea, and you’re offered the same price from Saudi Arabia, Russia and the U.S., you’re going to make the obvious choice: the U.S.,” Mills said. “It’s the one supplier you know is never going to threaten you or cut off supplies, which is certainly not the case with Saudi Arabia, Russia or Iran.”

“We will definitely replace Russia as the lowest-cost supplier,” Fadel Gheit, an analyst at Oppenheimer & Co., said of the U.S. expansion. “All of these things will have geopolitical and economic consequences. It’s a win-win for the U.S. and the West.”

It most certainly is. Would that it were even slightly likely the socialists would learn the old lesson being taught yet again over their muttonheaded objections: freedom works.

(Via Insty)


“What does baby want? Diaper change! When does baby want it? Now!”

And oil. Let’s start with that (via Maet).

A graduate of Princeton with a degree in English, Bryan Walsh lectured the public on how “virtually the entire field of Republican presidential candidates has decided to abandon science — with the exception of Jon Huntsman, whose negligible support has to be measured with an electron microscope — I could easily spend the next 15 months shooting down every false statement they make about climate change, energy policy or evolution.”

He chose $2 gasoline. He chose poorly.

Did he ever. To wit:

Now, there are a few things wrong with this. For one, the $1.79-a-gallon figure that Bachmann cites is from December 2008, before Barack Obama actually took office. (When Obama was inaugurated, gas cost $1.81 — not a big difference, I know, but how hard would it have been to get the right figure? The data are right here.) More important, though, is the reason that gas was — comparatively speaking — so cheap a few years ago. It wasn’t because the U.S. was suddenly pumping more oil, or because the Saudis had decided to flood the market, or because the head of ExxonMobil lost his mind and started to give all Americans a 2-for-1 deal on gas. The U.S. — and the world — was in the depths of the worst recession since the 1930s, depressing demand for everything from data centers to electricity to driving. It’s Econ 101: precipitous falls in demand usually trigger precipitous falls in price, which is what happened to gas prices, dropping from a high of $4.05 a gallon in mid-July 2008 to a low of $1.69 a gallon at the end of December that year. If you see sub-$2-a-gallon gas again, I strongly suggest that you stock up on bottled water and canned tuna, because the economic end times may be at hand.

Of course, the other way to cut prices is to increase supply, and Bachmann and other politicians argue that we could do so by opening up more territory for oil exploration in the U.S. — a policy known in 2008 as “Drill, baby, drill.” She’s right — up to a very, very, very small point.

Yeah–that point being the one where gas is back around two per gallon, the near-dead economy–punch drunk from repeated socialist body blows–beings to come around, and people feel the big-government chokehold around their necks begin to loosen exactly as Palin and Bachmann and the rest of us said all along they would. Which would be a direct result of growing American energy independence annoying the hell out of our Mideast “allies,” the Saudi oil ticks, to the point where they’re willing to forego short-term profits to do long-term damage to the fracking industry. Y’know, the point that denotes current reality. That tiny, tiny, very insignificant little point. Surber twists the knife some more:

I am puzzled as to why Time magazine editors called this political diatribe science. It’s a political hodge podge at best.

But Bryan Walsh sneeringly made the case that was liberal dogma at the time. Drilling is useless. You only save 3 cents a gallon — a figure that came from the same liberal number crunching that brought us 1 in 5 college women are raped! The actual figure is 1 in 500.

The fact is, a sudden and global drop in demand in 2008 crushed oil prices.He got that right. Six years later, that is not the case. Demand may be down elsewhere, but demand remains high in the United States, which purchases 25% of the world’s oil. Trimming the U.S.imports to their lowest levels since the 1960s has caused a worldwide panic in the oil industry. That has led to a price war that has already halved the price of oil. We did that not by checking our tire pressure — President Obama’s plan — but the Sarah Palin way: Drill, baby, drill.

So once again, of course and as usual, we get a demonstration of reality thwarting liberal-fascist command-and-control scheming and dreaming, just as it always does. One might be inclined to wonder: is there some larger underlying flaw in “liberal” thinking that always produces this hilarious result? Some gap in their jejune philosophy that can be relied upon to produce these amusing pratfalls every time, sending them pompous-ass-over-teacups to land right on the top of their pin-heads?

Why, yes. Yes, there is.

For the Gnostic-progressive, everything boils down to competing meta-narratives; everything is about “optics.” There is no essential reality, only interpretations according to various narratives. The game is just one big power quest of who will control the narrative? Likewise, there are no flesh-and-blood people filled with good and bad, but only two-dimensional characterizations according to the Gnostic archetypes.

Gnostics believe life is the story of the Self’s liberation from (or reconstituting of) family, church, economic, national, linguistic, and bodily realities in order to pursue the heroic journey of Self-divinization.

Darren Wilson and Michael Brown were not flesh-and-blood people possessed of the capacity for good or evil seen in the light of what actually happened, but symbolic characters in the narrative which preordains the interpretation of their actions: evil cop (archon guarding the gates of the “system”) suppresses innocent black man (an oppressed Self seeking liberation) engaged in lawlessness (Self iconoclastically breaking bonds of the oppressive system of property ownership, racial hierarchy, or whatever).

The same is true for the college rape narrative, the facts be damned. Or the narrative pinned to murder done by an American Muslim screaming allahu akbar! No terrorism to see here; Islam is a peaceful religion; go back to your regularly scheduled programming. Shut up and accept what the pretty people on the news tell you to believe.

Or consider gay marriage and transgenderism according to the Gnostic meta-narrative. The idea that sex can be abstracted from the physical body, based on something science calls the reproductive system, and reconstituted in its current weird ways is nothing short of madness. (Try doing this to the digestive system, say, by institutionalizing public post-meal vomiting at Bob Evans as a form of “alternative eating.” Hey, who are you to say bulimia is a “disorder”? Didn’t psychology call homosexuality a disorder until 1973?) The only way we can arrive at this point is through the Gnostic reading of humanity, which says the Self has nothing to do with the physical body, but rather the body is nothing more than vesture to be tailored any way one wants.

It’s all rooted in the narrative of one’s “Self” being liberated from the stifling oppression of the body and its various determinations (like genital), rooted in the Gnostic notion that life is the story of the Self’s liberation from (or reconstituting of) family, church, economic, national, linguistic, and bodily realities in order to pursue the heroic journey of Self-divinization.

Pop culture elites almost always assume this meta-narrative. It criss-crosses American culture at all points. It explains neo-evangelicalism’s “New Reformation” focused on self-esteem and “changing paradigms” of worship, trading 2,000 years of tradition for the Swedish self-massage otherwise known as “contemporary worship.” It explains the dominance of pop existentialism in Hollywood’s scripts, existentialism being a species of Gnosticism (see Hans Jonas). It explains deconstructionism and the decline of language, to be replaced by the magical use of language, or cynically using it for social manipulation. It explains the decline of logic and linear or propositional thinking, to be replaced by memes, symbols, logos, and other such sigils. It explains the liberating role given over to the erotic, music, and drugs. It explains our addictive society, ever seeking that buzz, that ecstasy, that utopian life which, of course, can’t happen—nature and reality being what they are. That leaves only melancholy and depression, another sign of America’s pathological Gnosticism. Recall the general melancholy, even suicidal ideation, following the movie “Avatar” a few years back. Returning to real life was downright depressing.

So long as our minds marinate in electronic wonderlands and see the regular burdens of reality as a prison cell to escape, the American soul will always be slouching toward political and cultural collectivism.

So long as our minds marinate in electronic wonderlands and see the regular burdens of reality as a prison cell to escape, the American soul will always be slouching toward political and cultural collectivism, because we will ever be susceptible to promises that things can “change for the better” or that the world can become “a better place” provided we support some person or movement promising the fulfillment of that hope. We’ll also be ever seeking that charismatic leader sold as the voice and promise of the collective vision.

t’s ironic, really, that an ideology promoting authoritarian collectivism is actually rooted in basic, primal selfishness. But the problem for the Left is a larger and yet more elementary one, I think: they make a fetish of childishness and juvenilia, and all their political ambition and intention amounts to the petulant child’s cri de coeur against a cruel and indifferent world.

Do note: I freely admit that I say this as just about a near-perfect product of Boomer perpetual adolescence myself. You can take that either as a disclaimer, or as an indicator that I know whereof I speak. I’m a 55 year old guy that makes his (very meager) living from bitching on this website, tinkering with Harleys, and playing rock and roll guitar; I didn’t marry until I was 47, and didn’t have a child until I was 49. No paragon of responsible adulthood, I. Never have been and most likely never will be, although now that I have a young ‘un to care for I do find myself at least trying a little bit harder, after decades of foolishly standing athwart the relentless march of Father Time yelling “Stop! Or at least slow down a little.” For all the good that’s done me.

And in my long-gone youth, I was as good a little Leftist as could be. Around age thirty, though, I began to notice that most of Leftist politics, for all that it masked its truest self by wrapping its real aims in a thin tissue of self-sacrifice and nobility, was about avoiding things Leftists didn’t want to do or acknowledge–things that young Leftards actually feared and resented. They didn’t want a real job; they didn’t want to own a home in the suburbs or undertake the sacrifices necessary to raise a family. They didn’t want to contribute to charity or do volunteer work in a soup kitchen or old folks’ home; those unpleasant necessities were either to be foisted off on Big Mama Government or avoided altogether.

Everything should be “free” and readily available, provided by the Nanny State, which after all is “just another name for the things we decide to do together,” right? Life should and could be like Star Trek: everyone works in a job they love, there is no money or competition and its concomitant risk of failure and disgrace; everyone has plenty of leisure to pursue his or her own idea of what “the good life” might be, nobody is stressed out or deprived. Starships don’t have barnacles that need scraping, nobody has to cook or clean toilets, and those dilithium crystals will mine themselves.

And everybody is a victim, and has a basic, unalienable right not to be offended–ever.

I mention this because I notice the idea has grown up recently — especially among the young — that offending people is wrong per se. This idea — taught at universities and in entertainments and in the media — is wholly false. Rudeness and unkindness are very often unnecessary — much less necessary than many counter-cultural warriors suppose — but offending people is unavoidable. It is a natural outgrowth of telling the truth.

Speaking generally, people don’t like the truth. It tends to be less flattering than pretty-sounding falsehoods and far more challenging than relativistic blather. Simply to declare the good — liberty, personal responsibility, independence — better than the bad — equality, victimhood, slavish safety — makes people more conscious of their shortcomings and moral failures. That thing that happens where you fearlessly tell the truth and people carry you on their shoulders in thanks and congratulations? That’s a movie scene, not real life. In real life, the aftermath of truth-telling looks a whole lot more like the crucifixion than Mr. Smith Goes to Washington.

But if we’re going to rebuild American culture…  in the arts, in the history books, in schools, at home…the truth is the only place to start. Dramatic truth, comic truth, historical truth, moral truth. None of it goes down easy. And so you’re going to be hearing “I’m offended,” all day long and into the night. It’s not a sin to offend people. It’s not even a problem really. Getting offended is just one of the ways people react to reality — it’s the way American culture has been teaching them to react for the past forty-five years.

The problem with Leftism, right down the line, is its puerile delusion that reality is not immutable but malleable. It is not eternal, but transient; it can be manufactured, manipulated, and altered, not by hard work and sacrifice undertaken at risk of serious personal cost, but by mere words and passionate belief.

Y’know, sort of like an incantation.

All that, leading to the fierce urgency of waaah!

When Ferguson protesters bucked at being co-opted by the self-serving antics of Al Sharpton Inc., Kirsten West Savali of the Root chalked that up to the “fierce urgency of now” and its uncanny ability to inspire young people to “bum rush the mic,” to use the fierce urgency of slang from 1987. In 2012, Peter Dinklage led a band of po-faced celebrities taking time out from the extraordinarily profitable creation of blood-drenched entertainment to advise the sort of people who take their political cues from Game of Thrones actors to “demand a plan — right now!” on gun control. The accumulation of celebrity brainpower around Dinklage would not provide enough neuro-electric juice to fire up one of Henry Winkler’s free lighted magnifying readers, but never mind — Now is the point, the alpha and the omega. Don’t just stand there thinking carefully about the nature of the problem and considering your options with mature judgment — do something! Peter Dinklage and Will Ferrell — the main artistic forces behind Elf — demand nothing less.

Organizing for Action, the permanent Obama campaign, would very much like to sell you a limited-edition — “while supplies last!” — poster bearing the slogan: “The Time to Act Is Now.” The catalog of asininity goes on forever.

Sure feels like it, at any rate. But all this juvenilia–this childish, mulish determination to trump reality with shallow and simplistic fantasy–leads us to some pretty horrible places; nationally, societally, it can only lead to a fascist police-state with plenty of militarized bad cops to keep the surly dependent class in line and placidly on the tit, and never mind the leash; ultimately, to degeneracy and collapse. On an individual level, it leads us here:


Which, I might be a case of arrested adolescence myself, but it sure doesn’t look like any place I wanna be.



For OPEC, Putin, Iran, and…Obama and the Democrat Socialists.

America’s unconventional oil boom continues to yield major benefits—economic and geostrategic. The latest evidence is OPEC’s decision on Thursday to defy expectations and maintain its current oil production target despite the steepest price decline since the 2008-2009 recession. The price of Brent crude, the global oil benchmark, plunged as a result to about $70 a barrel, continuing its decline from a peak of nearly $116 in June.

Not too many years ago the Organization of Petroleum Exporting Countries might have cut production to maintain higher prices. The cartel’s countries have long sought to keep prices high at a level consistent with a growing global economy, not least to keep the revenue flowing into government coffers. Rogue states such as Venezuela and Iran desperately need the cash flow.

But the cartel has lost much of its pricing power thanks in part to the revival in U.S. oil production. Horizontal drilling and hydraulic fracturing—business innovations done mainly on private land—have pushed U.S. oil output to its highest level since the 1980s.

The Energy Information Administration says U.S. production reached more than nine million barrels a day this year and is expected to keep climbing. OPEC is afraid that demand for its crude will keep falling as U.S. supply continues to grow and more of it makes its way to the global market as American export barriers fall.

Meanwhile, lower oil prices are an unmitigated boon to American consumers. The average gasoline price per gallon in the U.S. fell to $2.79 on Friday, down 50 cents from a year ago. That’s a big difference to the average family filling up the SUV each week, especially wage earners who haven’t had an increase in their standard of living during this entire economic expansion. Consumers who feel less pinched might open their checkbooks for non-energy purchases.

Lower prices will also add to the economic pressure on some of the world’s worst dictators, notably Vladimir Putin. Russia doesn’t belong to OPEC but it has benefited to the extent that the cartel’s production controls have kept prices high. Already under pressure from EU and U.S. sanctions, Mr. Putin’s ability to buy domestic political support will decline along with oil prices.

All of these benefits are flowing from a U.S. oil boom that government didn’t predict and had almost nothing to do with. The political class has force-fed subsidies to renewable energy with little economic benefit. The new oil order is a reminder that markets and American ingenuity are better economic pillars than all the schemes of government planners.

Can’t really add much to that, other than to remind everyone again of who benefits from all this–Americans–and who doesn’t–un– and anti-Americans.

(Via Insty)

Update! More of the good news:

Seldom has so much good news been portrayed so negatively. Oil prices continue to fall in the U.S. and around the world, but near everyone in the media is grumpy about it. The headlines today are among the silliest I’ve seen: Energy-company stocks are declining, oil deflation is an economic threat, the Fed might raise rates much later than expected, OPEC is dissolving, shale companies are going bankrupt, Russia is going bankrupt(!), and on and on.

Well, most of this is just humbug. Lower oil prices are unambiguously positive.

First, U.S. oil production has nearly doubled in recent years to 9 million barrels a day, and the Paris-based International Energy Agency (IEA) expects U.S. supply to rise by more than 1 million barrels a day next year. And it is this supply increase that is driving down prices. Saudi Arabia and OPEC have essentially thrown in the towel, surrendering to the inevitability of lower prices from exploding U.S. energy production.

This is not only a triumph of U.S. energy independence, it is a victory for the workings of the free market. Greater supply, not government cartels, is driving down prices.

Another in a long, long line of ’em. Unlike socialism and top-down control, it works every time it’s tried.

The American energy revolution, combined with the market forces of supply and demand, is delivering something on the order of a $125 billion tax cut. Not only have wholesale oil prices dropped from about $100 a barrel to $66, but gasoline prices have fallen from near $4 a gallon to $2.78 at the week’s close.

That’s a tax cut. With no big-government spending hikes.

While very few Democrats, including President Obama, supported the entrepreneurial, innovative dynamism of horizontal drilling and hydraulic fracturing, they’ve lately tried to take credit for the oil and gas shale revolution. No one’s buying it. AEI’s Mark Perry actually wonders why the Democrats aren’t scheduling hearings in the lame-duck Congress to blame oil-industry manipulators and evil speculators for the drop in oil prices.

Of course, the far-left Democratic enviros aren’t sitting still. The EPA is now taking aim at the entire U.S. energy industry with its newly proposed smog rules — probably the most expensive regulations in history — even though the fracking revolution is producing much cleaner energy than ever before.

So what we have is a clean-energy revolution, and it’s lighting a much-needed fire under the economy.

Not a lot to like here for Democrat Socialists and His Royal Majesty, as I said before.

As King Dollar rises, gold falls, inflation is barely discernible, and oil prices have dropped, the year-end 2014 economic story looks a lot better, with the possibility of a rosier 2015. No, we haven’t fully recovered. Not by a long shot. Year-on-year economic growth is still only 2.4 percent. It ought to be running 4 to 5 percent. And 200,000 new jobs a month ought to be twice that rate. For this we need more pro-growth economic policies from the new Republican Congress, especially lower corporate tax burdens and regulatory rollbacks.

But the entrepreneurial, free-market energy revolution has given us a big step in the right direction. Can we please be optimistic about it? 

Some of us can, yeah. The fact that the rest can’t–well, it ought to tell you all you need to know about ’em, if you hadn’t figured it out already.


Promise: kept

To all those blind GOP’ers who insist on judging Obama by their own traditionally pro-American standards of success, nattering on and on about his “incompetent, inept, failed” regime: is this a failure too?

Even in the wake of the “energy crisis,” the energy index barely topped the CPI. And while the 2008 gasoline price spike pushed energy costs up, it lasted for only a short time. When Obama took office, the energy price index was 15% below the overall CPI.

Since then, gasoline prices have been stuck above $3 a gallon while electricity prices climb. In the first half of this year, they jumped 3.2% — the highest on record since 2009.

Why the big reversal? Despite Obama’s alleged “all of the above” energy policy, he’s declared virtual war on conventional energy sources.

Oil production on federal lands has dropped 6%, according to a Congressional Research Service report. Obama continues to block the Keystone XL Pipeline, and he’s planning new smog rules that will dramatically raise the cost of energy production.

The EPA’s greenhouse-gas rules could be the death knell for coal — which generates almost 40% of the nation’s electricity.

So congratulations, Mr. President. You’ve made it that much harder for the economy to grow and for families to make ends meet.

Which, as with all those other supposed “failures” of his, is exactly what he and his supporters wanted all along. Maybe our ersatz “opposition” party will figure it out someday.


“Why Won’t Obama Visit North Dakota?”

Too many hated White People, too much economic success that can’t in any way be credited to Our Beloved FederalGovCo…or himself personally. In other words: They DID Build That.

DICKINSON, N.D.—North Dakota is like an overachieving child who attracts the attention of everyone—except Dad.

The oil boom taking over western North Dakota and transforming America’s energy landscape has prompted visits from people around the world—Germany, Turkey, Japan, Dubai, and elsewhere—to see what they can learn and how they can benefit.

President Obama, however, has not visited the state since moving into the White House (although he did drop in twice during the 2008 presidential campaign).

Sen. Heidi Heitkamp, D-N.D., has a goal to change that, and she asked Obama earlier this year if he would visit.

What the hell would she want that for? Myself, I’ve always considered an unnecessary visit from an obnoxious, deceitful, pompous, self-aggrandizing blowhard to be a bad thing.

“I would encourage him to go out,” said former Sen. Byron Dorgan, D-N.D., who campaigned with Obama in the state in 2008. “You’ve got to see it to believe it. It’s a big boost to our economy and also a big boost to our nation’s energy policy.”

Neither of which he’s even slightly interested in. In fact, it’d be more accurate to say he’s opposed to both. Stay in DC where you belong, Barky; all you’ll do in North Dakota is fuck things up. Just like you have everywhere else.


His Majesty gets a big idea

Unfortunately, he’s too stubborn and stupid to realize that it’s the same old one he always had. All together now: MORE. OF. THE. SAME.

Before we let Obama take us for a drive down another fantasy lane, let’s review the results of his last bold effort to transform our energy economy.

As today, he promised that this “investment’ would create new sources of energy, new jobs, and lower energy costs.

What did we get?

Solar panel maker Solyndra crashed and burned, taking $535 million in guaranteed loans with it. Battery maker A123 Systems filed for bankruptcy protection, after getting $249 million in grants. Fisker got huge loans for a promised electric car it never delivered.

Obama gave a $151 million grant to LG Chem, a lithium-ion battery plant in Holland, Mich., that was supposed to churn out 15 million battery cells a year for electric cars. He called the company “a symbol of where America’s going.”

Actually, he’s right about that one.

But three years later, a local news station reported that there was “so little work to do that (LG Chem workers) spend hours playing cards and board games, reading magazines or watching movies.”

A follow-up inspector general report found that after spending almost all the $151 million LG Chem had yet to produce a single commercial battery.

Yep, Barky nailed it in one. It’s exactly where America’s going, if he has to drag us there on a leash all by himself.

The National Renewable Energy Laboratory created a mere 910 jobs after spending $9 billion in stimulus money.

And gasoline prices? They are almost $2 a gallon higher than when Obama took office, and they’ve been over $3 a gallon since way back in December 2010.

Despite what Obama says, we don’t need to get our cars and trucks “off oil” in order to avoid price spikes, thanks to advances in drilling technology that have brought vast domestic supplies of oil and gas within reach.

All that’s needed is a strong commitment to go after it. Instead, Obama remains content to keep what he can off limits, while endlessly promising that a beautiful “green” energy future is just a few billion taxpayer dollars away.

His obstinate, blind faith in green-weenie bullshit has damned sure gotten results, you gotta give him that. It’s just that none of them are good for anybody but his ideologically-correct partners in crime.



What a damned idiot.

LEMONT, Ill. (AP) — Envisioning cars that can go “coast to coast without using a drop of oil,” President Barack Obama on Friday urged Congress to authorize spending $2 billion over the next decade to expand research into electric cars and biofuels to wean automobiles off gasoline.

Envision everyone being a billionaire, a brilliant concert pianist, physically lovely and without defect or infirmity, and living forever in good health and happiness while you’re at it. See if you get it.

Look, there’s a reason for the ubiquity of the internal-combustion engine: because it is the best apparatus for doing its particular job that mankind has managed to come up with yet. Doesn’t mean something else won’t come along eventually, of course. But that isn’t going to happen by throwing government money at the problem, or by “envisioning” things in some Oval Office stoner-college-boy daydream. It DAMNED sure is not going to come about by legislating it, while throwing every roadblock possible in the way of the continued success of one of the most successful devices in history.

Obama, expanding on an initiative he addressed in his State of the Union speech last month, said the United States must shift its cars and trucks entirely off oil to avoid perpetual fluctuations in gas prices.

Another way to avoid that “perpetual fluctuation” (read: increase) is for government to get its boot off the necks of those that provide the fuel, get its fat, meddlesome ass off of all that federal land with oil under it, get the EPA back on something resembling a proper leash, and let the market work. Of course, that would be entirely too American and liberty-minded a solution for any neo-Marxist micromanager to countenance for a moment, offering as it does fewer opportunities for graft, tighter control of the population, cronyism, manipulation, and fascism generally.

The money would fund research on “breakthrough” technologies such as batteries for electric cars and biofuels made from switch grass or other materials. Researchers also would look to improve use of natural gas as a fuel for cars and trucks.

Which “breakthrough technologies” have been touted as “the way of the future” since the horse and buggy ruled the rutted, crumbling dirt roads, and is still every bit as far out of reach now as it was then–because batteries are not as efficient, safe, and clean a means of creating horsepower as gasoline is. Biofuels? Don’t make me laugh.

White House officials said the president’s proposal would not require expansion of drilling to federal lands or water where it is now prohibited.

No, of course not. That might actually have a real chance of having an impact on those “perpetually fluctuating” gas prices Obama lies about worrying about, but in truth cares not one single, tiny damn about.

This jug-eared clown isn’t the leader of a nation; he’s the ringmaster of a circus.

(Via Hoft)

Update! Jammie calls the fool in the center ring “delusional,” and follows up with this:

He’ll cancel White Hours tours to save five bucks, but is willing to thrown another $2 billion down the green energy rathole.

Well, naturally. Granting the people free access to Their House isn’t nearly as important to him as keeping them corralled and fattening the bank accounts of his crooks-and-liars campaign contributors.

Blast from the past update! I just gotta include the relevant section from the old WaPo article I linked above, in case any of you guys missed it:

Nissan and Tesla are just two of the manufacturers that are increasing production of all-electric cars. But in the electric car’s century-long history, failure tailgates failure. In 1911, the New York Times declared that the electric car “has long been recognized as the ideal” because it “is cleaner and quieter” and “much more economical” than its gasoline-fueled cousins. But the same unreliability of electric car batteries that flummoxed Thomas Edison persists today.

Those who believe that Detroit unplugged the electric car are mistaken. Electric cars haven’t been sidelined by a cabal to sell internal combustion engines or a lack of political will, but by physics and math. Gasoline contains about 80 times as much energy, by weight, as the best lithium-ion battery. Sure, the electric motor is more efficient than the internal combustion engine, but can we depend on batteries that are notoriously finicky, short-lived and take hours to recharge? Speaking of recharging, last June, the Government Accountability Office reported that about 40 percent of consumers do not have access to an outlet near their vehicle at home. The electric car is the next big thing — and it always will be.

And let’s not forget where the power to recharge those “clean” electric cars will come from, either. Hint: it ain’t unicorn farts.


It ain’t about safety

It’s about destroying the fossil-fuel industry. Propaganda is just one of the ways in which they intend to do it.

The U.S. is enjoying a startling revival of its oil & gas industry. Millions of jobs and billions in revenues have been unleashed by tech-centric drilling on private and state lands. Domestic oil production has reversed a 40-year decline. There’s so much natural gas in production that ports planned a few years ago to handle imports are now being redesigned for exports.

But the primary technique responsible for this largesse, simplistically known as “fracking,” has become embroiled in controversy over safety claims. Activists are trying to get it banned wherever they can — by town, city, or state — and simultaneously to encourage onerous new federal regulations that could throttle the industry.

Much of the alarmism can be traced to a widely excerpted clip from GasLand, a 2010 documentary. It shows well water, drilled near fracked gas fields, flowing from a kitchen sink, aflame. Actually, the water in question “contained biogenic methane” not attributable to hydraulic fracturing. But GasLand writer/narrator Josh Fox says that fact isn’t “relevant.”

This particularly egregious distortion is likely what animated Irish investigative journalist Phelim McAleer to dig deeper into GasLand’s claims. McAleer’s resulting documentary, FrackNation, opens January 7 in New York City. FrackNation is an elegant antidote to GasLand, and coincidentally to Matt Damon’s new Promised Land, the latter a “clumsy crusade against fracking,” according to a recent NRO review.

McAleer begins with a revealing public exchange with Fox at a GasLand screening in 2011, then visits the residents of the bucolic farmlands where fracking is done, or could be done. (Full disclosure: McAleer also interviews my colleague, Manhattan Institute senior fellow Robert Bryce.) Fox repeatedly refuses an interview, so McAleer executes a Michael Moore–style ambush. Fox scurries away, and gets security to remove McAleer and his team from a public building. In running, Fox only indicts himself.

There’s more, of course, along with all the supporting links I didn’t transcribe, as is my wont. When you’re dragging worms of this particular breed up from their filthy holes, you always find more the deeper you dig.



This is, as we have been told again and again by Leftist economic supergeniuses, unpossible:

The US shale gas boom, drastically cutting the cost of gas, is shaking the foundations of the Saudi Arabian economic model—and more is coming. The highly profitable $100bn Gulf petrochemical industry is taking a hit as its biggest customer—the U.S.—is importing less and relying instead on domestic production.

US gas prices have plummeted due to new techniques, known as fracking and horizontal drilling, developed to extract the vast deposits of shale gas in the North American bedrock. Production has jumped by nearly a quarter since 2000, reducing demand for Saudi gas. If China figures out how to exploit its own shale gas reserves the Saudis will have every reason to be nervous. The two pillars of the Saudi economy—oil and petrochemical exports—will both be on shaky ground.

Butbutbutbutbut…I thought that increasing domestic production would have no affect whatsoever on prices, that the law of supply and demand didn’t apply since oil was traded on a global market and blahblahblahwoofwoof. Plus, all you drill-baby-drill nuts have forgotten that it will take at least ten years for any new sources to come on line, negating any possible positive impact on current prices and the OPEC lock on production.

Guess Ogabe will have to get busy fighting this even harder than he has been, once he gets the gun-grab out of the way and all.


Obama to have tougher time forestalling US energy independence than previously thought

The slope on His Majesty’s uphill battle just got a bit steeper. But fret not; I’m confident he’ll find a way to pull out another victory in the end.

Preoccupied by the election, Americans may be under the delusion that most major social and economic changes proceed from the ballot box. Not so.

The latest reminder of this comes from a surprising source: the annual World Energy Outlook report from the Paris-based International Energy Agency (IEA). In the report, the agency comes to the startling conclusion that, by 2020, the United States will displace Saudi Arabia — albeit temporarily — as the world’s largest oil producer. Even more astonishing, the United States is projected by 2035 to be virtually self-sufficient in oil, with modest imports coming from secure suppliers.

Richard Nixon must be cheering from his grave. In 1973, Nixon launched Project Independence; the United States would be energy self-sufficient by 1980. It didn’t happen, and although many politicians later embraced the same popular goal, most energy experts considered it a self-serving fantasy. Oil demand crept steadily upward, while America seemed to be slowly exhausting its once-large reserves. “Output had been widely assumed, even as recently as a few years ago, to be in inevitable decline,” notes the IEA.

No more. Geology and technology, it seems, are destiny.

Not if left-wing neo-Luddite politics have anything to say about it, they aren’t.


All of the above–except gas, oil, coal, nuclear, and anything else that actually works

I know it might get tiresome to some of y’all, this endless debunking of Obama’s myriad lies. But it must be done.

Mr. Obama (and his green allies) must have died a little on the inside when he said that, given that he ran in 2008 on a promise to build a “new energy economy,” by which he meant everything but fossil fuels.

As we have learned, the plan was to subsidize dozens of companies with little commercial potential but that were often owned by Mr. Obama’s green allies. Meanwhile, the Environmental Protection Agency would go on a regulatory binge like nothing in modern U.S. history against traditional carbon-based sources of energy, coal in particular.

The problem for the President is that a government outfit called the U.S. Energy Information Administration (EIA) compiles these statistics. That’s where Mr. Romney got his accurate figures on oil and gas production on government land and permitting in Mr. Obama’s first term. The EIA also reports that total fossil fuel production in public areas—oil, gas and coal—has plunged to a nine-year low, to 18.6 quadrillion BTUs from 21.2 quadrillion in 2003.

Mr. Obama is correct that overall domestic energy production is up, thanks largely to the shale boom in states like Pennsylvania and North Dakota. But he’s trying to take credit for something he had nothing to do with, given that this surge is taking place on private property and the EPA is searching for an excuse to supplant state regulation and slow down drilling. Wait for the second term.

The President’s cameo as a coal guy is even more amazing. In 2008 Mr. Obama declared that he wanted electricity rates for so-called dirty fuels to “necessarily skyrocket” and “if somebody wants to build a coal plant, they can—it’s just that it will bankrupt them.”

That’s one promise he’s kept: For the first time, coal is in decline, with production falling 6.5% since 2008, according to the EIA. Part of the reason is a shock from cheap natural gas. But the major reason is a surge of EPA air and water rules, such as an unrealistic and pointless $9.6 billion rule for trace mercury emissions that the agency put out last year.

And let us not forget the Keystone XL pipeline from Canada, which Mr. Obama personally rejected amid a furious green lobbying campaign. His debate answer to that fact was to assert that “we’ve built enough pipeline to wrap around the entire Earth once,” whatever that means. It reflects well on Mr. Romney’s temperament that he didn’t pull the full Joe Biden and start hooting.

That’s okay. Much as I wouldn’t mind seeing some outright derision and mockery from Romney whenever Ogabe tries to pass off another of his laughable whoppers, Romney can leave the hooting and sneering to guys like me; it’s a job I’m more than happy to do, I assure you.

That’s right, Barky: the skyrocketing energy costs that have all of us suffering at the pump, paying higher prices for every commodity that gets transported by truck or rail (which is all of them), and which will eventually leave us all shivering and starving in the dark, are YOURS. Yours alone. You own ’em. As with the broader economy, you broke it, you bought it. Everybody except the dwindling handful of stupes and dupes still slurping at your shriveled sac knows it. Lie all you want; try to writhe and wriggle and squirm as you will, there’s no getting out from under the weight of the dismal reality you’ve created.

Very soon now, we’re going to make you pay for the pain you’ve inflicted on us intentionally, knowingly, and with malice aforethought. We’re going to send you packing back to Chicago, or Hawaii, or Kenya, or wherever the fuck you end up going, in disgrace and humiliation. This is one finish line the liberal media won’t be able to drag you over, raising one of your scrawny arms in a victory salute to the braying throng of Lefty jackasses; you’re gonna get your ass kicked across it.

Spend your remaining years living on the taxpayer dime, telling yourself how wonderful you are, staring into the mirror, and whining to whoever will listen that it was all Bush’s fault; we don’t care. Just so long as you’re well and truly gone, and have no further access to the kind of absolute power over us that makes life worth living for a guy like you. Trust me, we’ll all be a lot happier and better off for it…even you.


Price fixing

You can’t put it any more bluntly–or accurately–than this.

California’s record gasoline prices and long service station lines are a warning to all of us about what green energy can do to our pocketbooks.

Yep. And those ridiculous and unnecessarily high prices are a feature of the idiotic “green” agenda; they’ve all said so, up to and including The Chief himself. Anybody who is being stretched on the rack by Obama gas prices has no business of even dreaming of voting for a Democrat Socialist. Period.

And yet.

The price spike started with an August fire in Chevron’s Richmond refinery. Then, two other refineries, operated by Tesoro and Exxon Mobil, went down for maintenance. Because California requires different blends of gasoline from other states, and pipelines across the Rockies are limited, gasoline can’t be shipped in from elsewhere.

On Sunday, in an attempt to lower gasoline prices, Gov. Jerry Brown suspended the environmental regulations that kept California prices above those in the rest of the United States.

When liberal-fascism bumps up against reality, everybody suffers until liberal-fascism is forced to yield.

Since President Obama’s inauguration in January 2009, base gasoline prices nationally have more than doubled, from $1.84 to $3.81.

And that is neither happenstance nor coincidence. It’s enemy action. Furchtgott-Roth has suggestions on how we go about fixing this intentional disaster, and they’re all good. And not one of them will ever be implemented as long as the Democrat Socialists have anything to say about it. You want to truly fix a problem, you fix the root cause, not the downstream symptoms and breakdowns. The problem here is not high gas prices; the problem is Democrat Socialists. Fix that, and you fix everything.


Wheels: coming off

What you get when you keep electing Democrat Socialists:

Drivers in Southern California awoke Friday to find that their gasoline prices had spiked by nearly 20 cents a gallon overnight as a result of fuel shortages caused by a series of refinery disruptions in recent weeks.

Some gas stations around the Los Angeles area were forced to shut off their pumps because of rationing by suppliers, and they displayed makeshift signs explaining that the shortages were not their fault. Drivers formed long lines at stations that did have gas, with some stations raising prices to more than $5 a gallon for regular gasoline.

“What are they doing to us?” said Marilyn Tucker, a FedEx employee, as she stopped pumping at a central Los Angeles gas station at $37, well before the tank of her sedan was full. “It’s just ridiculous.”

They’re doing just what you elected them to do, or one of those things anyway: artificially restricting your ability to drive your car via over-regulation. They want gas prices high; it keeps you out of your evil car and off their highways. They haven’t been shy about telling you about it either, but you’re either too stupid or too stubborn to listen, and keep electing them anyway. They and their Imperial Federal Government compadres try to discourage driving in all sorts of ways: high taxes on gasoline, ridiculous seasonal requirements for what kind of gasoline you must use, ludicrous CAFE standards, subsidies for joke-vehicles like electric cars, limits on exploiting our own abundant resources.

And you keep right on voting for them. You deserve everything you’re getting, good and hard, and my sympathy for you isn’t just limited; it’s completely nonexistent. You’re in a hell of your own damned devising; hope you fucking well enjoy it.


Tools of Big Oil

And not in the way you’re probably thinking, either.

A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates.

The creators of Promised Land have gone to absurd lengths to vilify oil and gas companies, as Scribe’s Michael Sandoval noted Wednesday. Since recent events have demonstrated the relative environmental soundness of hydraulic fracturing – a technique for extracting oil and gas from shale formations – Promised Land’s script has been altered to make doom-saying environmentalists the tools of oil companies attempting to discredit legitimate “fracking” concerns.

While left-leaning Hollywood often targets supposed environmental evildoers, Promised Land was also produced “in association with” Image Media Abu Dhabi, a subsidiary of Abu Dhabi Media, according to the preview’s list of credits. A spokesperson with DDA Public Relations, which is running PR for the film, confirmed that AD Media is a financier. The company is wholly owned by the government of the UAE.

The UAE, a member of the Organization of Petroleum Exporting Countries (OPEC), has a stake in the future of the American fossil fuel industry. Hydraulic fracturing has increased the United States’ domestic supply of crude oil and natural gas in areas such as the Bakken shale formation and has the potential to increase domestic production much more in the foreseeable future. That means more oil on the market, and hence lower prices for a globally traded commodity.

Either they’re Machiavellian propagandists working in league with a foreign government to further its national interests to the detriment of our own, or they’re just too goddamned stupid and venal to tie their own shoes without technical assistance. Take your pick. I know which one I’m going with–especially in the drooling blockhead Damon’s case.


How you guys liking those Obama gas prices?

Ed opines on a real shocker:

After imposing a drilling moratorium in the Gulf in defiance of a court order, blocking oil exploration and extraction on both coasts, and then killing the Keystone XL pipeline to Canada’s oil fields, the US has grown more dependent on Saudi Arabia for its oil needs.

WHAT?!? How could it BE…? Why, it’s uncanny–damned near inexplicable, that’s what it is. Josh Trevino is as puzzled as anyone else by this bizarre conundrum, and indulges in a little wishful thinking:

If only there were some friendly neighboring oil-producing country that we could build a pipeline to…

Crazy talk. If you’re a stupid fucking liberal, that is. Read the rest of Ed’s piece for a thorough debunking of the NYT’s disingenuous and feeble attempt to explain away the law of supply and demand.



Y’know, it just isn’t possible to drill our way to lower gas prices, prosperity, and energy independence. Can’t be done. And if you don’t believe King Barrack the Magnificent and his Puissant Pragmatic Progressivist Pissants, just ask the Saudis. It never worked for them, right?

( – The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.

Sounds great, right? Well, it would be. There’s just one little teeny-tiny problem.

The GAO testimony said that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.

Oh. So we’re screwed, then.

“As you can imagine having the technology to develop this vast energy resource will lead to a number of important socioeconomic benefits including the creation of jobs, increases in wealth and increases in tax and royalty payments for federal and state governments,” she said.

“While large-scale oil-shale development offers socioeconomic opportunities it also poses certain socioeconomic challenges that also should not be overlooked,” she testified. “Oil shale development like other extractive industries can bring a sizable influx of workers who along with their families put additional stressed on local infrastructure. Development from expansion of extractive industries has historically followed a boom-and-bust cycle making planning for growth difficult for local governments.”

Yeah, that would truly suck. What could possibly be worse than growth that isn’t planned and controlled and managed by bureaucrats at every level? Nothing, am I right? So, y’know, never mind.

All my sarcasm aside, in all seriousness, every American out there who is having trouble making ends meet, who finds himself having to forego this or that little luxury or even necessity because of the pain inflicted by the Ogabe ruling junta and its intentionally, artificially high gasoline prices–or who has seen their family budget pinched because of rising prices for anything and everything brought to market by a truck running even more expensive diesel–ought to get killing mad every time they pay Obama’s price at the pump.

Yes, I mean killing mad. As Jeff says:

Energy independence is ours!

That is, were our government not the very thing actively preventing us from achieving it so that it can keep with the transnational progressivist plan to use junk-science environmentalism as the justification for global wealth redistribution and, if things go well, an end to the silly, jingoistic framework of nation states and sovereignty.

The long and the short of it: this government is NOT your friend. Not by a long yard, it ain’t.


Energy fact, energy fiction

Don’t believe the liars (PDF link).

Energy policy would be greatly improved if policymakers took into account the actual energy landscape. Far too often, energy bills are based on incorrect assumptions, such as the notion that new, revolutionary technologies, such as affordable cellulosic ethanol, are just around the corner if only the federal government provides the energy industry sufficient mandates and subsidies. Time after time, experience has shown that the government cannot force new technologies to market.

Policymakers should take time to understand the facts about energy and the obstacles to making it affordable and reliable given its critical role in our lives and our economy. America is home to vast natural resources, but many of our energy policies are built on the notion that energy is scarce and becoming more scarce. The reality is that we have more combined oil, coal, and natural gas resources than any other country on the planet. We have enough energy resources to provide reliable and affordable energy fordecades, even centuries to come. The only real question is whether we will have access to our abundant energy resources, not whether sufficient resources exist.

In the past few decades, there has been a strong political push to return to renewable energy. Solar and wind have proved to be expensive sources of energy and so far have not lived up to the economic promises of their proponents. Since at least the 1980s, wind and solar advocates have claimed that these technologies would be affordable in just a few years if they continued to receive subsidies.

Despite decades of subsidies and special treatment, wind and solar continue to be far more expensive than other sources of energy. Even with these subsidies and mandates, wind and solar still provide very little of our energy needs. In 2011, for example, wind and solar combined to produce a mere 1.3 percent of the energy used in the United States.

The American taxpayer does not get much of a bang for its subsidy buck with renewable energy subsidies. Renewable energy subsidies were 49 times greater than fossil fuel subsidies when comparing the amount of energy produced per dollar of subsidy. In 2009, renewables received a 77 percent share of total federal energy incentives, while fossil fuels received a 13 percent share but produced more than 7 times the energy. This is not to say that oil, coal, or natural gas should receive subsidies, but they do produce much more energy per dollar of subsidy received.

Lots more fun facts, charts, and graphs throughout this one, including this:

The President is confusing proven oil reserves with recoverable oil or the total amount of oil actually in the ground. His comment is similar to looking at all of the food in a grocery store and saying that when the food currently in the store is gone, there is no more food.

Proven reserves are similar to the food currently in the grocery store. They are the estimated reserves that are easily accessible and recoverable with today’s technology and today’s oil prices. But proven reserves are a small fraction of the amount of oil that is in the ground. History has shown us that as today’s proven reserves are used, people find more reserves.

Consider the history of proven oil reserves in the United States. In 1980, the U.S. had 29.8 billion barrels of proven oil reserves. From 1980 through 2010, however, we produced 77.4 billion barrels of oil. In other words, over the last 30 years, we produced more than double our total proved oil reserves in 1980.

The “President” isn’t confusing anything; he’s obfuscating, for his own nefarious purposes. The “peak oil” scare, relied on by the Left for years now to stampede us away from fossil fuels, is and always was intentionally-misleading bullshit. And Ogabe knows it quite well, thanks.

There’s all kinds of good, useful information in this report, and you should definitely read it. In fact, just about everybody in the country should, at gunpoint if necessary.

(Via John Hinderaker)


We don’t need no steenkin’ energy!

“No one knows”–but we can make a pretty good guess.

In a recent interview, Department of Interior Secretary Ken Salazar claimed that “no one knows” if gasoline prices in the United States will reach $9 per gallon. “I don’t think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.”

This is true. Then again, erecting roadblocks to domestic production is part of the global economic picture. And Ken Salazar has done exemplary work in that regard.

Salazar has spent his public life supporting policies that make energy more expensive. (It’s the goal of many in this administration.) It’s something we need to be reminded of every time he claims it has got nothing to do with him. Even if it doesn’t, it’s not for a lack of trying.

Ain’t THAT the sorry truth. Another for the “funny how…” file: funny how liberal fascists always say there is simply no way to control high energy costs…unless a Republican is President.

Update! Ross highlights the “hypocridity“:

Respectively, the driver of gas prices — at least according to the Democrat “intelligentsia” — are: (a) speculators targeting Obama; (b) Bush conspiring with big oil to keep prices high; (c) Bush conspiring with big oil to keep prices too low.

Not supply and demand. Not the free market.

But malevolent actors imagined by Democrat hacks.

Folks, these people are so stupid I’m surprised they can breathe without mechanical assistance.

I think it’s a damned shame that they can, myself.


The hyena can’t change his spots

No matter what the problem, the “solution” is always and forever more regulation, more regulators, more confiscation, and more government.

Under pressure to take action on rising gasoline prices, President Barack Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.

As I understand it, speculation has little or no impact on gas prices, seeing as how speculators don’t actually care whether prices rise or fall; depending on which position they’ve bet on–that future prices will be higher, or lower–they can make money either way. My understanding of how it works may be incomplete, or even incorrect, but I very much doubt that in the list of reasons for high gas prices (and there is certainly more than one), speculation is gonna rank very high, and it certainly isn’t going to trump supply and demand, which is what Ogabe and the rest of the Green Socialists are insisting on. But Geraghty noticed a little something that gives the game away:

If this pledge sounds familiar…it’s because Obama and his administration announce some new initiative to do this every year, usually as spring turns to summer and the price of gas increases as Americans drive more. It’s almost like the Cherry Blossom Festival.

Now…with gas averaging $3.89 per gallon nationally and much higher in many parts of the country, we can conclude that either every previous initiative announced by the administration was spectacularly ineffective at containing the nefarious menace of oil price speculators…or that oil-price speculators are not really the reason gas prices increase.

Pretty much, yeah. When the only tool you have is the socialist hammer, you have to convince people that every problem is the free-market capitalist nail.


Yeah, but that’s diff’runt!

Absolutely hilarious. Note well: “…the high price of gas under the Bush administration.” But hey, I thought the President had no control at all over gas prices, right?

Did I say hilarious? Sorry, I meant utterly fucking infuriating. Worthless, despicable, lying pieces of shit, every last one of them. Hats off to Misha for a very nice catch indeed.

(Via Bill)


Unravelling yet another Obama lie

Surprise, surprise: turns out Ogabe IS responsible for high gas prices after all. I know, it’s shocking, especially when denied so piteously by the exact same people who insisted that Bush was responsible for the astronomical, unsustainable price of a buck eighty a gallon by the time he left office, but there it is.

“Right now the key thing that is driving higher gas prices is actually the world’s oil markets and uncertainty about what’s going on in Iran and the Middle East, and that’s adding a $20 or $30 premium to oil prices,” President Obama said March 23. It’s complete and utter nonsense. Oil is trading in lockstep with expectations for economic growth, as reflected in stock prices. There’s not a shred of evidence that geopolitical uncertainty has added a penny to the oil price. Obama’s $20 to $30 per barrel risk premium is a number pulled out of a hat, without a shred of empirical support. In effect, the President is blaming Israel for high oil prices.

Hey, a twofer for liberals! How very…convenient.

During the past three years, oil prices have tracked equity prices almost perfectly, with a regression coefficient of nearly 90%. (For statisticians, the correlation of daily percentage changes in the two markets is 51%). Equity prices embody expectations of future economic growth, and higher growth means more demand for oil. If oil supply cannot keep up with demand—because the Obama administration has restricted development, among other factors—the oil price goes up.

If it walks like a duck, flies like a duck, quacks like a duck and correlates in first differences, we can say with confidence that it is a duck.

Which means that, by the walks-like-a-duck standard, His Li’l Majesty is an America-hating socialist, bent on the destruction of the capitalist economy and its replacement by one manipulated and controlled from Washington–one in which gas prices are kept artificially high to discourage consumption and force us into adopting Green technologies that are not ready for general use and most likely never will be; are inefficient, unscalable, expensive, and generally inadequate to meeting the energy needs of a vast and prosperous nation; and have been so for well over a hundred years.

The first gasoline-powered cars were made in the late 1800s. The first electric car appeared not long after. The first flex-fuel vehicle made its debut in 1908. The first solar power system (to generate steam) was developed in 1860. The first solar cell to generate electricity from sunlight was demonstrated in 1876. Windmills, of course, have been around for centuries (most of these facts sourced from here, not exactly a propaganda site for Big Oil).

These are assuredly NOT new technologies, nor are they the cutting-edge way of some magical, mystical future of plentiful cheap, renewable energy. What they all are–at least when it comes to generating the quantities of energy required to run modern, large-scale economies–is failures. Excepting, notably, the internal combustion engine, whose remarkable success and efficiency opened whole new vistas–literally as well as figuratively–to both individuals and society as a whole, making transportation of both people and commodities available and affordable to the masses, and over distances previously unimaginable.

We know what works. We know what doesn’t. Ogabe and his blockheaded, numbskull ilk have chosen to cast their lot with what doesn’t, for all sorts of reasons–most of them having more to do with paranoia, power, and control than feasibility and likelihood of ultimate success (for any value of the word most of us would recognize). Full stop, end of story.

The problem is not risk, but supply. When demand increases, we observe in Chart 3, prices trend to rise fasterthan demand, because supply is relative inelastic (it can’t quickly expand to meet additional consumption). The only way to reduce gas prices is to drill for more oil.

And thus does that pesky ol’ law of supply and demand raise its ugly head again, to the great discomfiture of both starry-eyed pipedreamers and nefarious weavers of command-and-control schemes and stratagems alike.

Via Insty, who adds: “If only we had, I dunno, a friendly country nearby that was willing to sell us oil or something.” Well, we did, and at a discounted rate, even. But not anymore. Must be some more of that “smart” diplomacy way too many of us were so enamored of not so long ago, I guess.

Update! Edited slightly for clarity and, just possibly, grammar.


Keystone summary

This is a good, thorough, and concise one, although really, the headline pretty much says it all: Obama’s energy lies.

In his weasel-worded decision to block a perfectly harmless pipeline that would have provided America with jobs, energy and hope, President Barack Obama betrayed his country, lied and then, just the other day, halfway reversed himself, once more fraudulently.

Lots more I could excerpt, but that oughta be enough to convince you to read the rest, I think. Trust me, Ambrose has nailed it down clean and tight here, and pulls not a single punch to Oagbe’s empty head.


King Hussein Obama the Just defends no-energy policy

I know it’s kind of a dog-bites-man yawner by now and all, but guess what? Yep, you got it: he’s lying again.

Obama: We are doing the “all of the above” strategy right. Obviously, we wish Solyndra hadn’t gone bankrupt. Part of the reason they did was because the Chinese were subsidizing their solar industry and flooding the market in ways that Solyndra couldn’t compete. But understand: This was not our program, per se. Congress — Democrats and Republicans — put together a loan guarantee program because they understood historically that when you get new industries, it’s easy to raise money for startups, but if you want to take them to scale, oftentimes there’s a lot of risk involved, and what the loan guarantee program was designed to do was to help start up companies get to scale. And the understanding is is that some companies are not going to succeed, some companies will do very well — but the portfolio as a whole ends up supporting the kind of innovation that helps make America successful in this innovative 21st century economy.

“All of the above”–as long as “all” doesn’t include gas, oil, coal, nuclear, or any other method of generating the energy we rely on every minute of every day that has proven to be successful, useable, plentiful, relatively inexpensive, convenient, efficient, readily available, profitable, and reliable. Other than that, yeah, all of the above.

But don’t you just love how the Liar In Thief has now seen fit to throw Solyndra under the bus, saying “This was not our program”? Of course, that’s another lie: the misguided Bush admin started the whole loan-guarantee program, but voted against giving anything to Solyndra. Sorry, Ogabe, but lie as you might, you own this one, pal.


“Under my plan, energy costs would necessarily skyrocket”

Just another reminder, folks: our dictator’s plan is NOT a failure. It is working exactly as intended.

An IBD review of the president’s energy proposals finds that, if they have any effect on oil consumption and prices at all, it won’t be for decades. Among the main ideas in his energy plan:

Wind, solar, etc.: Obama argues for expanding the use of renewable fuels, such as wind, solar and biofuels. “It’s time,” he says, “to double down on clean energy industries that have never been more promising.” But the federal Energy Information Administration says these will account for just 13% of the nation’s energy production as far out as 2035, up from 7% today. In contrast, traditional fuels — such oil, coal and natural gas — will still make up 73%. A separate report from the EIA shows that these energy sources are still a long way from being economically viable without heavy government subsidies. And the Obama administration has directed billions of dollars in grants and loans to this industry, only to see some companies — like Solyndra — spectacularly fail.

Algae: In his February energy speech, Obama talked up algae as an alternative fuel source. “Believe it or not, we could replace up to 17% of the oil we import for transportation with this fuel that we can grow right here in the United States,” he said.

But the study backing up that statistic simply assumes that “numerous technical challenges to achieving commercial-scale (algae fuel) production can be met.” Right now, nobody knows if or when that will happen. Plus, producing that much algae fuel would require large amounts of land and water, the study notes.

Efficiency: In his “Blueprint for a Secure Energy Future,” Obama talks about “the enormous benefits that come with greater energy efficiency.” The only problem is that the country has already made huge strides in improving efficiency, but that hasn’t prevented sky-high energy prices.

There is, of course, more. Lots more. Isn’t it nice that we all get to pay the price for this Left-wing douchebag’s pie-in-the-sky fantasies, not one of which will ever put so much as a single jet in the air or drop of gas in your tank?

Update! I keep saying it, but some folks still haven’t quite come to terms with it.

BOULDER CITY, Nev. — President Obama will tout investments in “renewable” energy Wednesday at the local Copper Mountain Solar 1 plant, although the plant has only five full-time employees.

The plant, owned by San Diego-based energy company Sempra, was built in late 2010 at a cost of $141 million. Funding included $42 million in federal-government tax credits and $12 million in tax-rebate commitments from the state of Nevada.

Construction of the plant involved over 300 part-time jobs, but currently only five full-time employees operate the plant, a Sempra spokeswoman confirmed. That comes out to $10.8 million in tax-dollar subsidies per employee.

“President Obama’s visit to the Solar 1 Facility in Boulder City is the perfect illustration of why the president’s economic policies are such a failure,” said Andy Matthews, president of NPRI. “The government has spent over $50 million to ‘create’ five permanent jobs and build a plant producing a product — expensive solar energy — that no one would purchase without a government mandate.

“That’s not a path to a vibrant economy; it’s the road to serfdom.”

There ya go. NOW you’re getting it. It’s not a failure, it’s a success…by Ogabe’s standards. Which are in no way American ones. No matter what soothing platitudes the Liar In Thief may let roll trippingly off his forked tongue, it ain’t about “lowering” costs in any way; it’s about keeping us on the road to serfdom.

(Via McQ)




"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." – Claire Wolfe, 101 Things to Do 'Til the Revolution

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