Wednesday - July 02, 2008
busy day
Not much time for posting today, but here are a couple quick things
- Wall Street Journal says that merely starting to drill our own oil now will lower prices now, even though the oil would be years out!
Now here is the good news. Any policy that causes the expected future oil price to fall can cause the current price to fall, or to rise less than it would otherwise do. In other words, it is possible to bring down today’s price of oil with policies that will have their physical impact on oil demand or supply only in the future.
For example, increases in government subsidies to develop technology that will make future cars more efficient, or tighter standards that gradually improve the gas mileage of the stock of cars, would lower the future demand for oil and therefore the price of oil today.
Similarly, increasing the expected future supply of oil would also reduce today’s price. That fall in the current price would induce an immediate rise in oil consumption that would be matched by an increase in supply from the OPEC producers and others with some current excess capacity or available inventories.
Any steps that can be taken now to increase the future supply of oil, or reduce the future demand for oil in the U.S. or elsewhere, can therefore lead both to lower prices and increased consumption today.
So I guess Obama is wrong, and we can drill our way out of this crisis? “Yes we can!”
- The world is blowing up! Volcanoes erupting under the Arctic ice, volcanoes erupting on the Galapagos Islands, and a huge volcano erupting way down in the south end of Chile, first time in 9370 years! Can major global cooling be far behind?
- WTF?“Britain bans military wing of Hezbollah” Cuz British forces in Iraq face insurgents trained and supported by Hezbollah. So what do the staunch bulldogs do? They impose “tight limits” on Hezbollah fundraising in Britain!!!
“Hezbollah’s military wing are providing active support to militants in Iraq, who are responsible for attacks both on coalition forces and on Iraqi civilians, including providing training in the use of deadly roadside bombs,” McNulty said.
So the Brits strike back against the enemy in their midst byt curtailing how much money they can raise in England ... to help kill British soldiers!! But don’t worry, they won’t put a stop to any of the social networking (ie spying and recruiting):
McNulty said Hezbollah’s social and political work in Britain would be unaffected. But the ban will place tight limits on fundraising ...
“It sends out a clear message that we condemn Hezbollah’s violence and support for terrorism,”It most certainly does! It tells the whole world you’re a flaming pussy with his head totally up his own ass. The proper solution is to line them all up, shoot them in the back of the head, then toss their bodies in the Thames. And then round up every other terrorist cult member, recruiter, fundraiser and “religious leader” and throw them the fuck out of the country. Fool.
- Oh, and just for laughs, now that Obullshit is jumping aboard the “faith based initiative” bandwagon, all the uber-lefties are pitching a fit. Can’t a semi-brotha catch a break?
- Also on the Obama front, it turns out the lying rat got an incredible break on his mortgage, bigger and better than you or I could ever do. Hmmm…
Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois. The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a “super super jumbo.” Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates.
I’d like to know where he got the $330,000 for the downpayment from in the first place. What with 2 kids to raise and all those big donations to the church, his poor wife barely managing to pay for the hired help and the children’s piano lessons, not to mention her lower salary at the hospital at that point, plus whatever was left from his paltry State Senator income ... (freshmen Senators earn $165000, but as an Illinois Senator Obama was only making $58,000. Pretty ballsy to go buy a million and a half-plus house!
Have a nice day, and avoid the moonbats whenever possible.
Posted by Drew458 on 07/02/2008 at 12:39 PM
Filed Under: • Miscellaneous •
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