Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Tuesday, October 20, 2009

Political Musings

Huckabee 2012 ??
No Way! Conservative commentator, Tom Roeser posited this question in a recent blog on his site, TomRoeser.com. Mr. Roeser is an excellent wordsmith and I have to admit that I agree with him 90% of the time. On this notion of Huckabee in 2012, we depart. I do not think Huckabee has the stones to cut government as it must be. In fact, in my estimation, I do not believe any of the top tier candidates Romney, Palin or Huckabee would be capable of making the necessary cuts. Perhaps former Colorado Governor, Bill Owens or current Indiana Governor, Mitch Daniels would have the tenacity to make cuts to the profligate federal spending.

CATO Institute
The CATO institute, a free-market oriented think tank in Washington, D.C., has come out with a plan to downsize the Federal government. CATO proposes to eliminate the Department of Education, a good portion of the Department of Agriculture, and the Department of Housing and Urban Development (HUD). I have long advocated the elimination of the Department of Education, ever since President Jimmy "The Cracker" Carter created it. The Department of Agriculture is another matter. CATO proposes to gut most of the department moving most of its functions to the states. For the most part I agree. Where I disagree, is the "Legacy" National Parks. They should be left in Federal Hands. The smaller, so-called National Parks that have been created by US Senators and Congressman seeking to gain favor with the ecotopians, should be left in state hands or as CATO proposes private land trusts. HUD can go and after reading CATO's proposal it makes more sense.

$100 Oil is still Coming
In my last post I said it was on the way. Now the US Dollar is getting pounded even more. Commodity prices are on the rise. As the rest of the world is beginning to show signs of recovery from the Bankers Flu (swine flu, if you wish), the US still putters along while the Obama administration does nothing.

Charity begins in Your Community!
Even as we all struggle in this troubled economy, please remember to give to those organizations in your community whose mission is to help the less fortunate. Even if you only have clothing items or other materials, it is important that we continue to help the "Independent Sector" grow.

Tuesday, October 13, 2009

100 Dollar Oil !!

Yes. It is coming to a gas pump near you, the pricing impact of $100 per barrel OIL. It will hit us by 2Q 2010 and will negatively effect our troubled economy in a big way.

As of this writing oil is sitting at $73.96/bbl. The economies in other countries seem to be showing some signs of recovery. In particular, the emerging economies of the BRIC (Brazil, Russia, India and China) are again on a forward growth path. Consequently, demand for oil is rising and the price is rising along side this increased demand. Not only will we feel a price impact at the pump, but prices for other products derived from our petro-chemical industries will also rise. We will certainly feel it in the plastic products we buy and other distillate products we use.

What has our government in Washington, DC done since Oil hit the $147/bbl mark last year? Not much. Oh, there was some elements of the so-called stimulus plan that may help, a little. But for the most part all that has emanated from Washington, DC has been a lot of hot air. [Now if only we could harness this hot air, we could heat the Capitol building for a decade]. Since oil prices dropped below $60/bbl it has been business as usual. Now they are on the rise.

Washington should lead by example and convert all government vehicles to alternative energy sources. Since the Post Office is running such a significant deficit, this should be the first quasi-agency to go alternative. All of their trucks and delivery vehicles could convert to CNG (compressed natural gas) or LNG (liquid natural gas) as a fuel source.

Additional tax incentives should be put in place to encourage private sector businesses to convert to alternative fuel sources thereby reducing our reliance on foreign oil. To sit and emit hot air on this issue will only cause greater harm to our country.