August 17, 2009

UNlimited Government Is The Watchword

Let’s all drop what we’re doing and go to work for Uncle Sam! That way, we’ll each be able to earn back our tax money and more as those taxes continue to go up and come full circle: They pay our salaries and benefits, we pay it all back to them in taxes.

Almost like kiting a check.

The House-passed climate change bill, if enacted, would expand the federal government so much that it would take billions of dollars and thousands of new employees to implement.

Yes, let’s just keep on bloating the government, blow it up like a balloon until it bursts.

Now-obscure federal agencies such as the Commodity Futures Trading Commission and the Federal Energy Regulatory Commission would have to become mini-behemoths in order to handle their expanded responsibilities. Congress would have to appropriate billions of dollars for more bureaucrats, much of which is not reflected in the House bill.

So, what’s a few billion here, a few billion there, right? Ask any liberal, it’s nothing at all, surely not when it’s being spent wisely, such as in the course of pushing a really bad idea based solely on the replacement of scientific evidence by the politics of a gaggle of agenda driven left wingers.

“It could be a $2 trillion market within five years,” said Bart Chilton, commissioner of the Commodity Futures Trading Commission.


The commission, which would police the new futures market for allowances, apparently would need to expand its work force by at least 31 percent initially to fulfill its obligations under the bill. The Federal Energy Regulatory Commission, which would oversee the day-to-day trading of allowances, has estimated that it would have to expand by 20 percent or 30 percent.

The Environmental Protection Agency, which would oversee pollution regulation, also would balloon in size. The agency regulates 330 million tons of pollution a year but would regulate 6 billion tons of carbon dioxide emissions a year from 7,400 facilities under the legislation.

I say go for it! Let’s bankrupt the country once and for all!

What’s with these people, anyway? Don’t we look for stuff like common sense and brains in the candidates we vote for?

I guess not. :-(

“I’m not sure the government is capable of handling the bureaucracy that will come if the carbon market is set up,” said William Kovacs, senior vice president of environment and regulatory affairs for the U.S. Chamber of Commerce.

That’s okay, as long as they’re spending our money faster than they can tax it out of us, the sun will be shining in Liberal Land.

Read the entire article here.

by @ 3:44 pm. Filed under Abusive Energy Policies, Politics As Usual, The Economy

July 31, 2007

Everybody’s Bitchin’…

…about the price of gas being over $3.00 a gallon at the pump, the cost of heating a home in winter and water year round with natural gas, and the cost of electricity going up as consumption increases, Democrats and Republicans alike. I’ve heard a vicious, nasty, ugly rumor that many on the left blame George Bush. Can you believe that? I mean, Democrats blaming Bush for something. Preposterous!

How could they? It is, after all, the Democrats who are responsible for the lion’s share of our dependence on greedy, terrorist producing countries for oil. They’re the culprits behind energy resources and capabilities laying fallow within the boundaries of U.S. territory and good old American know-how.

I ran across this spot-on commentary by Pete Du Pont in yesterday’s (30 July 07) Opinion Journal, titled Just Drill, Baby that literally brims over with information.

America’s domestic oil production is declining, importation of oil is rising, and gasoline is more expensive. The government’s Energy Information Administration reports that U.S. crude oil field production declined to 1.9 billion barrels in 2005 from 3.5 billion in 1970, and the share of our oil that is imported has increased to 60% from 27% in 1985. The price of gasoline has risen to $3.02 this month from $2 in today’s dollars in 1985.

Washington politicians will tell you this is an “energy crisis,” but America’s energy challenges are far more political than substantive.

First, we are not running out of oil. In 1920 it was estimated that the world supply of oil was 60 billion barrels. By 1950 it was up to 600 billion, and by 1990 to two trillion. In 2000 the world supply of oil was estimated to be three trillion barrels.

I can testify, personally, on the heady days of the late 1970s, when I worked in the offshore “oil patch” for awhile out of Louisiana. I say “heady” because every other week was seven days of party time on “the beach” (in Nawlins) between weeks on the rigs. Back then there was an oil boom in the Gulf of Mexico. Somewhere in the very early 1980s, the oil companies capped most of the wells in favor of keeping our domestic oil in reserve and buying from the Arabs.

Depending on the Mooslims for our main sources of energy and transportation fuel is pretty dumb when there are alternatives. Lately, OPEC went so far as to cap the amount of oil they produce in order to keep prices up.

And there are alternatives.

The U.S. has substantial supplies of oil and gas that could be accessed if lawmakers would allow it, but they frequently don’t. A National Petroleum Council study released last week reports that 40 billion barrels of America’s “recoverable oil reserves are off limits or are subject to significant lease restrictions”–half inshore and half offshore–and similar restrictions apply to more than 250 trillion cubic feet of natural gas. (We consume about 22 trillion cubic feet a year.)

Access to the 10 billion barrels of oil in Alaska’s Arctic National Wildlife Reserve has been prohibited for decades. Some 85 billion barrels of recoverable oil and 420 trillion cubic feet of natural gas exist on the Outer Continental Shelf, but a month ago the House again, as it did last year, voted down an amendment that would have allowed the expansion of coastal drilling for oil and natural gas. All of which leaves the U.S. as the only nation in the world that has forbidden access to significant sources of domestic energy supplies.

Just as we’re the only country on earth that permits rampant violation of our borders and permits our immigration laws to be made a mockery of, we are the only nation in the world that has forbidden access to significant sources of domestic energy supplies.

Then there are all the other energy ideas Congress wishes to adopt–better energy efficiency for washers, driers, boilers, motors and refrigerators; greater fuel efficiency for cars; and more use of wind, solar and geothermal power generation. Good ideas all–especially more fuel-efficient automobiles–but not substantively or immediately very helpful in meeting the challenge of increasing America’s energy supplies to keep our economy, jobs and prosperity increasing.

To do that we must build many more nuclear power plants and increase our drilling for oil and gas. The NPC report says it takes 15 to 20 years from exploration until production begins, and it costs $3 billion to build an average 120,000-barrel-a-day oil refinery. That is just the opposite of the current congressional policy of reducing oil use, blocking access to existing domestic oil reserves, not increasing nuclear power generation, and touting ethanol as another subsidy for farmers.

Ah, ethanol, ahem…

I’ve already posted on the reality behind the ethanol lie in the past. Evidently, Mr. Du Pont feels the same way I do about it.

Oil, natural gas and nuclear power are the indispensable energy resources to insure the prosperity of America’s economy. But that is not what the congressional leadership thinks. So if we mustn’t drill offshore for oil or natural gas, or build nuclear power plants, what is the politically correct action Congress intends to take?

Increasing ethanol subsidies for farmers is at the top of the list. Ethanol is a politically hot energy substance produced from crops like corn, soybeans, sunflowers and switch grass. Current law requires 7.5 billion gallons to be produced by 2012; the new Senate bill would increase that to 36 billion by 2022.

But ethanol is not a good gasoline substitute. It takes some seven gallons of oil to produce eight gallons of corn-based ethanol–diesel fuel for the tractors to plant and harvest the corn, pesticides to protect it, and fuel for trucks to transport the ethanol around the country. So there is not much energy gain, nor with all the gasoline involved does it help with global warming by reducing carbon dioxide emissions. And ethanol yields one-third less energy per gallon than gasoline, so that mileage per gallon of ethanol-blended auto fuel is less than gasoline mileage.

Ethanol is a politically popular subsidized product. Producers get a 51-cent-a-gallon subsidy and are protected from international ethanol imports by a 2.5% tariff and an ethanol import duty of 54 cents a gallon. These subsidies have brought more than 100 American ethanol refineries into operation, and another six dozen are going to be built, which has nearly doubled the price of corn, raised the cost of beef and other corn-fed livestock, and increased the cost of milk and corn syrup for soft-drink manufacturers.

(Above emphasis mine, though I will add that I disagree with Mr. Du Pont’s intimation regarding man’s activities having any effect on climate change, ie nor with all the gasoline involved does it help with global warming by reducing carbon dioxide emissions, though the Goremongers might give it some thought)

It’s quite obvious that the reason a large number of these people we elect to the Senate and the House pursue lifelong careers in politics is because they wouldn’t last a week in the private sector…at least as businessmen and businesswomen. Corporate shareholders wouldn’t stand for being bankrupted by incompetents the way we Americans tolerate these idiots bankrupting our country, creating unnecessary inflation and squandering our taxes.