The oil industry in the USA isn’t using most of the oil fields they have leases for, but they’re begging for more? I don’t understand.  The USA uses 21 million barrels of oil per day, and produces 8; the oil fields they have access to which they are not using could be worth 5 million barrels a day. Meanwhile, the proposals to open up more offshore drilling, combined with the proposals to drill in the Arctic National Wildlife Refuge, could lead to 2 million barrels a day. So, they’re begging for the ability to get half of what they already have available which they aren’t using. I honestly don’t understand economics, but that just doesn’t sound kosher to me.

I understand the investment to exploit the open fields would be substantial, and the leases they are asking for would be cheaper to exploit. But, still - makes you wonder about the rhetoric about who is patriotic, eh?

Tags Categories: Economics, News, Political Posted By: Gary
Last Edit: 23 Jun 2008 @ 08 35 PM

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 23 Jun 2008 @ 10:40 AM 

Ever since listening to the fantastic FM & AM album during my broadcast journalism class back in 1982, I’ve been a huge fan of George Carlin.  Son of WINO was a great piece of absurdist humor (weather report tonight is dark, with scattered light toward morning), his counterculture cred got a bit of unneeded burnishing with his appearance in the Bill & Ted movies (far outshining the acting ability of the stars), and his social commentary was always biting and spot-on.

I’m amazed at his consistently funny career, his ability to come up with topical humor for fifty years, and his almost unnatural capacity to seem to be a young smartass well into his AARP years. His passing will leave a giant hole in the world of satire and humor, and he will be missed by anyone with a funnybone.

Tags Categories: News Posted By: Gary
Last Edit: 23 Jun 2008 @ 10 40 AM

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