Filed under: Democrat Corruption, Law, Politics, Progressivism | Tags: big government, Nannyism, Over- Regulation
I yield to no one in my distaste for bureaucrats who think they must regulate everything. But there is a serious side to all this nit-picky nannyism. Excessive regulation leads to disrespect for the laws, When regulations are silly, and unnecessary, people lose respect for both the regulations and for the regulators.
It seems strange for a government to outlaw incandescent lightbulbs because of a false idea that we are short of energy, as government officials build themselves multiple homes of ridiculous size, and demand private plane service.
The regulators seldom have any intent of being regulated themselves, nor of obeying any regulations. The regulations are meant to apply only to the distasteful masses — us.
Filed under: Humor, News of the Weird, Politics, Progressivism | Tags: Capitol File Cover, Nancy Pelosi, Retouched
Do we all have friends whose communications mostly consist of emailed jokes? I know I do. Here’s one I got today from an old friend:
A 54 year-old woman had a heart attack and was taken to the hospital.
While on the operating table, she had a near-death experience. Seeing God, she asked “Is my time up?”
God said, “No, you have another 43 years, 2 months and 8 days to live.”
Upon recovery from her heart attack, the woman decided to stay in the hospital and have a face-lift, liposuction, breast implants and a tummy-tuck. She even had someone come in and change her hair color and brighten her teeth! Since she had so many good years ahead of her, she figured that she might as well make the most of it.
After her last operation, she was released from the hospital. While crossing the street on her way home, she was hit and killed by an ambulance.
Arriving in front of God, she demanded: “I thought you said I had another 43 years? Why didn’t you pull me from out of the path of the ambulance”?”
God replied: “I didn’t recognize you!”
Filed under: Capitalism, Economy, Energy, Environment, Politics | Tags: BP, Deepwater Horizon, Louisiana Marshes
A process called cementing is being scrutinized as a possible cause of the explosion on the Deepwater Horizon oil rig in the Gulf of Mexico, drilling experts said Thursday. The procedure is supposed to keep oil and natural gas from escaping, by filling gaps between the outside of the well pipe and the inside of the hole bored into the ocean floor.
Cement is pumped down the well from the drilling rig. It is also used to plug wells after they have been abandoned, or when drilling is finished and production hasn’t yet begun. In the case of Deepwater Horizon, workers had finished pumping cement, and had begun temporarily plugging the well with cement. It isn’t known if they had completed the plugging process before the blast.
“The initial likely cause of gas coming to the surface had something to do with the cement,” said Robert MacKenzie, managing director of energy and natural resources at FBR Capital Markets and a former cementing engineer in the oil industry.
Several other drilling experts agreed, though they cautioned that the investigation into what went wrong at the Deepwater Horizon site is still in its preliminary stages.
The problem could have been a faulty cement plug at the bottom of the well, he said. Another possibility would be that cement between the pipe and well walls didn’t harden properly and allowed gas to pass through it.
A 2007 study by three U.S. Minerals Management Service officials found that cementing was a factor in 18 of 39 well blowouts in the Gulf of Mexico over a 14-year period. That was the single largest factor, ahead of equipment failure and pipe failure.
The spill volume will probably be much less than the massive spill from the infamous Exxon Valdez, but the Exxon Valdez oil was all spilled in Prince William Sound, and thus somewhat contained, and the sound had rocky beaches that could be steam cleaned. The oil headed into the Louisiana marshes can’t be contained in the same way. The Exxon Valdez spill happened on the surface. This is bubbling up from leaks 5,000 feet down, and once on the surface, can drift. Apparently BP’s safety record isn’t so good, and lots of litigation can be expected.
Robert Bryce said that he left out of his piece on the risks of offshore drilling what is probably the biggest risk: the public relations risk. What is bad for the oil and gas industry will be good for the corn ethanol and wind industry. On Wednesday, President Obama was in an ethanol plant in Missouri, singing the praises of ethanol:
I may be the President these days, but I want to remind everybody I was the senator from Illinois. I didn’t just discover the merits of biofuels like ethanol when I first hopped on the campaign bus. I was telling Steve this was not the first ethanol plant I visited. And I believe in the potential of what you’re doing right here to contribute to our clean energy future, but also to our rural economies.
Robert Bryce suggests that the Obama administration will soon approve a bailout for the ethanol industry in which the EPA will remove the “blend wall” which will raise the amount of ethanol in US gasoline from 10% to 15%, an amount that supposedly will damage most car engines. Only 3% of the automotive fleet have flex-fuel engines. The Energy Tribune says:
Corn ethanol is the biggest scam to hit America since the days of Charles Ponzi. Making subsidized motor fuel out of the most subsidized crop in America borders on fiscal insanity. No matter how you slice it, corn ethanol cannot provide enough fuel to displace imported oil. In 2005, U.S. farmers produced about 11.1 billion bushels of corn. If the U.S. turned all of its corn into ethanol, it would only supply about 6 percent of America’s total annual oil needs.
ADDENDUM: ExxonMobil is sending equipment and experts to help with cleanup efforts in the Deepwater Horizon disaster. The company has offered a drilling rig as a staging base, two supply vessels, and underwater vehicle and support vessel.
Exxon has sent experts to respond to BPs request for technical advice about blowout preventers, dispersant injection, well construction and containment options, the company said in a statement. Nice move, when the crisis is such a public relations disaster for the oil industry.
Filed under: Freedom, Islam, Middle East | Tags: Iran, Status of Women, UN Human Rights Circus
The United Nations is a remarkable organization in many bizarre ways:
Without fanfare, the United Nations this week elected Iran to its Commission on the Status of Women, handing a four-year seat on the influential human rights body to a theocratic state in which stoning is enshrined in law and lashings are required for women judged “immodest.”
Just days after Iran abandoned a high-profile bid for a seat on the U.N. Human Rights Council, it began a covert campaign to claim a seat on the Commission on the Status of Women, which is “dedicated exclusively to gender equality and advancement of women,” according to its website.
And back home, Tehran’s police chief said a national crackdown on opposition sympathizers would be extended to women who have been deemed to be violating the spirit of Islamic laws. He said:
The public expects us to act firmly and swiftly if we see any social misbehavior by women, and men, who defy our Islamic values. In some areas of north Tehran we can see many suntanned women and young girls who look like walking mannequins.We are not going to tolerate this situation and will first warn those found in this manner and then arrest and imprison them.
Well, there you go. Human rights. Words fail me.
Filed under: Capitalism, Economy, Energy, Environment | Tags: Deepwater Horizon Oil Rig, Real Risk, Tragic Explosion
The explosion, fire and sinking of BP and Transocean’s Deepwater Horizon oil rig in the Gulf of Mexico eight days ago has been a tragedy that took the lives of eleven workers. “The preliminary assessment of the accident indicates that the rig was hit by an uncontrolled blowout — an unexpected surge in pressure in the well bore — that sent oil and gas rushing to the surface and onto the rig floor” That led to the terrible explosion and fire. There are blowout preventers on the rig, but why they didn’t work is unknown. Perhaps there was something wrong with the equipment, perhaps there was human error. It will probably never be known just exactly what went wrong.
President Obama announced today, eight days after the disaster, that Department of the Interior Swat Teams will be inspecting every oil rig in the Gulf of Mexico. “Swat Teams” from the Interior Department? Ken Salazar has his own swat teams? And these “swat teams” are so much more knowledgeable than two of the world’s most experienced companies — Transocean and BP? Homeland Security Secretary Janet Napolitano and Interior Secretary Ken Salazar are taking charge. The White House released photos today of President Obama being informed.
In spite of efforts by submersibles, they have not succeeded in capping the well, and the oil slick is approaching the Louisiana coast. It is, of course a terrible tragedy.
Robert Bryce, Managing Editor of the Energy Tribune, explains some of the risk in offshore drilling in a most informative article:
The fire and sinking of the Deepwater Horizon earlier this week provides yet another example of just how complex and dangerous the energy business can be. Sure, poker players in Vegas can wager tens of thousands of dollars at a time. But consider this: the lost revenue to BP – just from the loss of the oil production from the well being drilled by the Deepwater Horizon – amounts to about $600,000 per day. …
The accident on the Deepwater Horizon reminds me of a brief conversation I had a few years ago with James Mulva, the CEO of ConocoPhillips. I asked Mulva to name the most difficult part of his job. His reply: assessing risk. He said that ConocoPhillips had so many different businesses in so many different parts of the world, that he had difficulty in figuring out all of the regulatory, political, currency, and other risks that the company was facing. That conversation led me to think about risks facing companies that are drilling offshore.
Bryce lists, and explains, some of the kinds of risk and in so doing explains a lot about the oil business. There is Geologic risk, Engineering risk, Technology risk, Capital risk, Weather risk, Human error risk and Market risk. A very risky business, but essential.
Also just announced, is Secretary Salazar’s approval of the Cape Wind Project. Robert Bryce notes in his new book: Power Hungry, that:
More than 2,500 skyscraper-sized wind turbines, spread over 500 miles of terrain, and a passel of natural gas units at 90 percent of wind’s maximum output — and hundreds of miles of new transmission lines/voltage regulation — would be required to provide parity with the capacity of a single 1500 MW nuclear facility.
That sort of puts things in perspective. Opponents of Cape Wind promise a long legal process to defeat the project entirely. The administration seems to believe all the hype.
Do read the whole thing. We ordinary folk are far too ignorant about energy policy. The hype and misinformation are far too prevalent, and they get away with the misinformation because we don’t know any better. Besides, it’s really interesting.
Filed under: Politics | Tags: India, Pakistan, Wagah Attari Border Closing Ceremony
I borrowed this video shamelessly from Ace of Spades, simply because it is so fascinating. I have no information beyond what is shown in the video. Apparently there is a nightly ceremony of closing the gates between Pakistan and India, so elaborate that it attracts a large and partisan audience.
There is so much more one would like to know. What do they do the rest of the day? Are they simply regular border guards, or is a special team hired for the display ceremony? It is almost like the mating dance of rare tropical birds. Does the ceremony take place at all border crossings, or is this one special? Any travelers to India among our readers? It’s nice to have such a peaceful ceremony when there has been so much unrest between the two nations.
Filed under: Capitalism, Economy, Freedom, Politics | Tags: Economic Freedom, Spending, Taxes, Unions
Economic freedom helps to create jobs. For over a decade, the Wall Street Journal and The Heritage Foundation have tracked the march of economic freedom around the world with the Index of Economic Freedom. Now there is more evidence from a state-level study from the Federal Reserve Bank of St Louis. The authors state:
Our results suggest that policy-makers concerned with employment should seriously consider the degree to which their own labor market policies, as well as those of the national government, may be limiting economic growth and development in their respective states.
Economic freedom is the fundamental right of every human to control his own labor and property. In a society that is economically free, individuals are free to work, produce, consume and invest in any way they please, with that freedom both protected by the state, but unconstrained by the state.
In economically free states, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. (click to enlarge)
The stimulus was supposed to bring back the jobs and keep unemployment below 8.8 percent. The reality is something quite different. Long- term unemployment has been growing significantly, and the stimulus bill and other “job bills” didn’t change the trend. There are another 5.8 million workers who want employment but are excluded from BLS unemployment statistics.
Texas significantly continues to outperform the rest of the American economy, especially California. The reasons can be summed up in three little words: unions, taxes and spending. The role of unions, particularly public unions is huge in California. Texas has a relatively low rate of unionization — about a third of Californias.
Texas has had a good long run of small-government, low-tax conservatism. Texas has a trillion-dollar economy that would make it the 15th largest national economy in the world if it were a country. By one estimate, 70 percent of the new jobs created in the United States in 2008 were created in Texas. That’s economic freedom, and it works.
The Obama administration had spent lots of words on job creation, but the legislation passed has favored unions, higher taxes, and lots of spending. For example, the Democrats’ student-loan “reform” which was tacked onto the health-care reconciliation bill caused student lender Sallie Mae to close a call center in Killeen, Texas, eliminating 500 jobs.
The health-care bill itself will eliminate many jobs. Higher taxes, higher premium costs, an ineffective small business credit, and the high cost of complying with health care regulations will hinder growth of small business and make increased hiring unlikely.
The inclination and beliefs of the administration lean toward big government. Few in the administration have any significant experience in the business world, and they do not grasp the fact that government jobs are just another drain on the pocketbook of taxpayers. They are jobs, but it simply doesn’t count as job growth.
Try explaining that to a Democrat.