All Posts Tagged With: "Energy"

Environmentalism: A Cult with a Ponzi Scheme

A long time ago, somebody figured out that people were afraid of nature. With this realization, our subject set out to carve a statue of a woman with a horned head dress, and declared the idol to be Ninhursag, the goddess of the earth. Our carver then set about convincing people that if they brought their best wheat, their best grapes, and their best lambs and calves to sacrifice to the goddess then they will be blessed with plenty and the grace of the divine goddess will rain down upon them, but if they refused they would be cursed with pestilence.

And thus the people, rending their garments and lamenting of their fear of the weather and their invented devil gods, brought their best produce …


Congress Is Finally Back, Price Of Oil Drops Again

Crude oil dropped to $105/bbl Monday, down $1.26.  After hours the price continued to fall, as of midnight it was hanging around $102/bbl.

Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%.  According to most Democrats, this would only be possible if actual cheaper domestically drilled oil were available to put into the system immediately, not some years into the future.  Strange as it may seem, it looks like other factors, such as the continued growth in the public pressure on Congress to act and open up domestic drilling, may also influence prices.

Of course, you aren’t required to be an economist to be a member of Congress.  The problem appears …


We’re Losing Momentum On Oil Prices

The price of crude is hovering around $115 / bbl.  At this point, I suspect it won’t make much motion, especially not downward, until some real action is finally taken by Congress to open up drilling.  I agree with the refrain of Republicans to do “all of the above”, that is, work the alternative energy agenda while opening update domestic drilling.  The market will continue to laugh at us on the alternative energy options (by the way, we’ve had Ethanol in the US since World War I, so let’s stop acting like alternative fuels are “new”).  But as we engage with definitive action, we will continue to see the impact on commodity prices.

The sad thing is that the market is so clearly expressing it’s …


The Iowa State Fair: Day 2

Just so you don’t either get too enthused or too fearful, I don’t plan to attend any more days at the fair this year… two days are enough for me right now!

But today was a pleasant day!  My wife and I left late (oh well!) with hopes essentially dashed that we would get to see John McCain.  After all, we were parking at the State Capital, taking the DART (Des Moines Area Regional Transit) shuttle, and there would be thousands there to see the Senator, right?  Well, we got on the shuttle at around 10:25, and arrived at the fair at about 10:40.  We got into the fairgrounds at 10:45 and were walking up the Grand Concourse, knowing we had missed the speech but …


Exxon Just Can’t Win

Exxon Mobil Corporation reported record earnings today, a record for any major corporation, but still came up short.  Earning 2.27 per share was still 10% below market expectations.  So, Exxon stock took a 4.7% slide.

Not really a big deal, since the close today was just slightly below Wednesday’s open… you see, Wednesday was when everyone rushed in to buy Exxon stock in hopes of a better report today.  If you discount that silly run up, the stock price really stayed where it’s been for a while.

Exxon made a ton of money off of the run up on oil prices… the largest revenue area (for most oil companies) being their own gas and oil exploration units.  They certainly don’t make as much on …


Why Do Oil Prices Continue To Drop?

Just when you thought you couldn’t afford to go on summer vacation, just when you thought the ONLY answer to rising gasoline prices was a “gas tax holiday“, just as various states are complaining they don’t have enough tax money collected to pay for road work, now oil prices fall to a 3 month low of 121.99 for US Crude and 122.71 for Brent Crude (at noon, central time), with no end in sight

You heard me, the analysts, the same ones that said we were likely stuck with $4-5 a gallon gasoline or higher by end of summer, are telling us that buying oil commodities is a bad deal right now, and even OPEC anticipates oil prices could fall …


T. Boone Pickens Has A Plan

I caught the commercial on TV and went to the web site. Here’s an ad badge for it…

I think Pickens definitely has one thing right… we need to reduce our dependency on foreign oil. That’s the basis of his “plan”.

Pickens is pushing wind energy to generate electricity, and using that to offset natural gas consumption so it can be redirected to fueling transportation. That’s right, your car running on Natural Gas (NGV).

Pickens contends that for about $1.2 trillion, we can generate 20% of the country’s electricity needs. He tells a compelling story about economic and job improvements, and is up front about the fact that he owns what will soon be the largest wind farm in the country.

Using wind to supply …


Swamp Stompers: Time For Pelosi To Go

About BitHead
BitHead runs BitsBlog and is an occasional guest writer for
The Conservative Reader.
You can email BitHead at [email protected].
This special Swamp Stomper Article
is cross-posted from BitsBlog.

Interesting. When you’re a total failure as house speaker, what do you do? You call the President a total failure. CNN:

House Speaker Nancy Pelosi called President Bush “a total failure” on Thursday, among the California Democrat’s harshest assessments to date of the president.

Quick translation: The woman is getting frantic and panicky.

But Pelosi’s comments come as a new Gallup poll registers the lowest level of congressional approval among Americans in the polling organization’s 30-year history of conducting that survey.

That poll showed that its approval rating had reached an


Swamp Stomper Alert: Democrats and fuel prices

About BitHead
BitHead runs BitsBlog and is an occasional guest writer for
The Conservative Reader.
You can email BitHead at [email protected].
This special Swamp Stomper Alert
is cross-posted from BitsBlog.

Let’s take a moment to look at the Democrat response to the President’s weekly radio address… where Energy is the issue.

Joe Donnely, Congressional Democrat is part of our energy problem, not the solution.

Good morning. This is Congressman Joe Donnelly of Indiana’s Second Congressional District. Today it is my pleasure to talk to you about a few of Congress’ recent accomplishments on an issue that I believe will help define the future of our nation: energy independence and energy security. Like many Americans across the nation, the people of northern Indiana have felt the negative effects of an energy policy that favored big oil companies


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