Saturday, June 23, 2012

Wheeler’s Half-Full Report for June 22, 2012

 By Dr. Jack Wheeler

Some articles on his site are free and others require a subscription.  Either way, the work is insightful and presented in a common sense manner.  The world isn’t as it appears and it certainly isn’t as the media makes it appear.  One the things that always come to the fore when reading his work is – “everything is the basics”.  If the actions of people defy basic realities they are ultimately going to fail….no matter what the spin may be from their acolytes in the media.  The concern is how much damage they will do before they are finished.  RK

We're going to go global before we get to the ever-unfolding disaster of Zero - and we'll start with a headline this morning that split my face in half with a smile: Gazprom Biggest Loser As Shale Gas Upends World Markets.

The Russians are fracked. The news has been full of Putin the Punk pushing his dinky weight around - trying to send combat helicopters to Syria (only to be cleverly blocked by Britain), backing Iran getting nukes (as long as the nukes are "peaceful"), extorting Europe with sky-high gas prices.

Gazprom, the Russkie oil monopoly, is Putin's cash cow. Yet while its sales are collapsing due to US and Chinese fracking, Gazprom continues "to take a ‘head in the sands' position on shale gas," the story above reports. Russia doesn't have the technology, the expertise, nor legal protection for investors to frack in Siberia at anywhere near a competitive extraction cost.

Goodnight, Gazprom. That's good news for the world. And good news for the US is Zero's desperation this week.

Yesterday (6/21), John Boehner gave a press conference in which he denounced Zero's invoking Executive Privilege to prevent Congress from access to Fast & Furious documents as "an admission that White House officials were involved in decisions that misled the Congress and have covered up the truth." "What," he asked, "is the Obama Administration hiding in Fast & Furious?"

Boehner knows just what they are hiding. So does everybody else in town. Read more ...

Dr. Jack Wheeler
Behind The Lines
Thursday, 21 June 2012

It's not just that the Dems are going to lose the White House in November. Control of the Oval Office regularly flips back and forth between them and the Pubs over the years.

It's not just that the Dems are going to lose big ("rrreally big, rrreally big" as Ed Sullivan would say) in November. Zero will be lucky to carry 10 states in a Romney Landslide, while the Pubs will take the Senate and gain seats in the House. Yet the Reagan Landslides of 1980/1984 were far greater than anything Romney can hope for - and the Dems were back in the White House saddle four years after the Gipper.

No, what is going on is much - as in much - bigger than mere electoral loss. What the Dems are going to lose in November is about as big as it gets. They are going to lose their raison d'être - their "reason to be," the basic justification for their existence.

This is why they are panicking, why most everything they do now is doltish, for panic makes you stupid. This is why Zero is making moves of ever-increasing desperation - Amnesty EO's, Executive Privilege merely to protect his corrupt AG. This is why the Moonbat Media is in a state of foaming hysteria. For all of them, their fear and fury is existential. Read more ...


Jack Kelly
Kelly's Panorama
Thursday, 21 June 2012

There must be something really, really bad in the documents his attorney general is trying to conceal from Congress. If not, President Barack Hussein Obama has lost his mind.

With the honorable exceptions of Sharyl Atkisson of CBS and Richard Serrano of the Los Angeles Times, the major media have ignored for more than a year one of the biggest scandals in American history. Now that the president has claimed executive privilege, they can ignore it no longer.

Since there's been so little reporting of it, most Americans are learning of the scandal for the first time. Here's a recap:

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) let more than 2,000 deadly weapons -- including .50 caliber Barrett sniper rifles -- "walk" across the border to Mexican drug cartels in an operation known by the code name "Fast and Furious." Another code name for the operation was "Gunwalker."

Its purpose, Justice said, was to trace the guns from the straw buyers to cartel bigwigs, so they could be arrested. This wasn't true, three ATF whistleblowers told the House Oversight Committee last July, because no effort was made to trace the guns once they crossed the border, and Mexican authorities hadn't been informed of the operation. Read more ...

Jack Kelly
Kelly's Panorama
Thursday, 21 June 2012

The clearest indication yet he thinks of himself more as the Emperor Barack I than as the president of a constitutional republic came last week (6/15) when Mr. Obama declared he would no longer enforce immigration law for illegals under age 30.

The president does not have the right to decide which laws he'll enforce and which he'll ignore, Mr. Obama acknowledged when he spoke at a Univision forum in March of last year.

"The notion that I can just suspend deportations through executive order, that's just not the case," Mr. Obama said then. "There are laws on the books that Congress has passed... The executive branch's job is to enforce and implement those laws."

But desperate people do desperate things. Mr. Obama's imperial decree came a day after his much ballyhooed speech on the economy bombed, two weeks after Republican Gov. Scott Walker won a smashing victory in the recall election in Wisconsin.

By arrogating to himself a power the Constitution gave to Congress, Mr. Obama hopes to accomplish three things: Read more ...

Richard Rahn Rahn on Econ101
 Tuesday, 19 June 2012

Barack Hussein Obama has been loudly proclaiming that he is not responsible as president for the big increase in spending because it was already "baked in the cake." He could have been more accurate by noting that under the Constitution, Congress is responsible for spending.

In fact, Congress -- both Democrats and Republicans -- has been by nearly unanimous votes rejecting his proposed budgets, but only because they were not willing to spend as much as he was.

As can be seen in the table below, the big surge in spending began after the Democrats took control of Congress in the 2006 election. Members of the new Congress took office in January 2007, when the fiscal year was already a quarter complete. The first budget the new Congress was responsible for was the 2008 budget.

When Mr. Obama was a member of Congress, he voted for the big increases in spending. He also was the one who proposed, and got, a nearly trillion-dollar increase in spending as part of his "stimulus" program in early 2009 after he took office as president. So, for the president to argue that he is not at all responsible for the big increase in spending is, to put it politely, a bit much. Read more ...

Kermit Hoffpauir
Guest Authors
Tuesday, 19 June 2012

Last week in Part 1 of this series, The Dynamics of Crude, we discussed refineries and products. Now we move to Logistics of Crude Oil and Refinery Products.

Although Ayn Rand's 1957 novel "Atlas Shrugged" portrayed rail as important, especially for Wyatt's Refinery, rail was on its way out by the end of WWII. Today's major transportation methods are via pipeline and water (barge & ship). The reason is quite simple: loading and receiving infrastructure.

Here is a great description of both crude oil and refined product pipelines from 2001: How Pipelines Make the Oil Market Work.

I have read lots of supposedly learned pundits wailing away how Warren Buffett and BNSF Railroad are going transport all that Canadian crude oil when Obama announced that he was blocking the Keystone XL's construction. This is impossibly dumb -so dumb that Jack Wheeler is convinced it isn't dumb at all, that it's a crony capitalist payoff to Buffett for his supporting Zero. Buffett bought BNSF for $34 billion in 2009, counting on graft from Zero to provide his ROI. Read more ...

Dr. Joel Wade
The Virtue of Happiness
 Wednesday, 20 June 2012
Those of us over about 30 can remember the days before America was a Nanny State.

Some friends of ours just got back from a mission trip to Tijuana, Mexico. They brought their kids to a park there to play, and saw all the equipment that is no longer allowed on American playgrounds - teeter totters, tire swings, carousels. That equipment had been given or sold to Mexico because it is now deemed to be too dangerous for use by kids in America (or at least in California).

There's a pattern here that extends deep into our behavior and our psyches, and I don't like what I see.

Disneyland is a safe and wonderful place. I like Disneyland. I'm always impressed with the spirit and charm that is created there. But at Disneyland you can go on the scariest ride - you can go on it many times in a row - and you won't get that same feeling of true adventure.

It's like comparing Disneyland's Jungle River Cruise with one of Jack Wheeler's expeditions to Africa. The former is the world we are making for ourselves. Yes, life is too precious to take stupid risks - but life is also too precious to take no risks at all. Read more ... 

To The Point News
Humor File
Friday, 22 June 2012
I told her she had three beautiful children.

My mistake.

She didn't have to fly into a rage, call me an infidel, and threaten me with a bomb. It was just an honest mistake
Read more for free...

No comments:

Post a Comment