Thursday, February 26, 2009

NO ENERGY FROM OIL SHALE?

Interior Decision on Oil Shale Locks Away American Energy Resource Larger than Total Reserves of Middle East. This is simply hard to believe. We'll pay billions for Saudi oil, but not unlock our own resources simply because it "might destroy our environment."

Here's what sticks in my craw.

As an engineer, I'm reasonably confident that American technonogy, dollar for dollar and BTU for BTU, can extract energy from the ground with less environmental damage than can any other nation on Earth.

If the environmental lobby had even an ounce of common sense, they'd be demanding that we "drill here, drill now."

But no, America is their back yard, you see.

PRAY FOR IRAQ

News reporting is that President Obama will announce a deadline of August 2010 for a complete pullout of combat troops from Iraq.

Pray for the Iraqis ... they'll need all the help they can get.

A MODEST PROPOSAL

The Obama administration is planning to finance the "stimulus" by selling Treasury bonds to China.

I have an idea. It has been a time-honored American tradition to "cut out the middleman" by selling directly to the customer. GEICO does it; Amazon.com does it; Craig's List does it. Why don't we?

Sell our personal bonds to China, that is. Cut out the Treasury Department entirely, and save our children a little money.

A TRILLION HERE, A TRILLION THERE ...

Back in the 1960's, the late Senator Everett Dirksen (R, IL) was supposed to have said "A billion here, a billion there, and pretty soon you're talking real money." Today the number is a trillion, but the meaning is the same.

It is interesting to note that as an analogy for growth of government, the increase from a billion to a trillion in roughly 45 years corresponds to a growth rate of nearly 17%.

Big government, anyone?

HEARD ON THE RADIO

The Rocky Mountain News is going out of business, with the last newspaper to be published tomorrow. The reason given for going out of business: "this extraordinary economic decline."

Bull.

The reason the Rocky Mountain News went out of business is simple: it, like so many others in the news media, deliberately and with malice aforethought chose to advocate rather than report.

Now they're paying the price. Good riddance.

WALL STREET TO OBAMA


Your budget? I'm not lovin' it.

OBAMA ANNOUNCES FIRST BUDGET


What are the Democrats going to tax when it reaches zero?