Sunday, April 03, 2011

Multiple Fouls Called on US Energy Policy

Posted By CotoBlogzz
Rancho Santa Margarita, CA - Were it a basketball game, a number of fouls could  be called on the US President’s latest energy policy statements.  Firstly, you may recall that just like Nero, as the world literally melts down, the president apparently decides that NCAA basketball is more important than the Japan tsunami crisis, or the chaos in the Middle East, and fills out his March Madness bracket.  For the record, we did not fill out a bracket and instead opted to  fill out the Presidential Mad Madness brackets Unfortunately, our bracket is still in the play – the president’s has become irrelevant.

Now that the Libya situation has gone the way we predicted, and no the way the President implied, he    pivots  to  demagogue the energy crisis.   Not sure if his motivation is to take the focus off of his March Madness performance, or his lack of leadership in the Middle East.  In any case, in basketball, a flagrant foul could be called in this instance.
Prior to the pivotal flagrant foul however, the president while on vacation in Brazil, err….working in Brazil, he told the energy-independent people of Brazil that their country has twice the reserves as the United States and the President wants the US to be Brazil's best customer.   Using his favoir Weapon og Mass Dininformation (WMD), in his radio address, the President said: “We’re adapting. We’re producing more oil, and we’re importing less.  Now, the hard truth is, is that as long as our economy depends on foreign oil, we’ll always be subject to price spikes…. our oil production reached its highest level in seven years. Oil production from federal waters in the Gulf of Mexico reached an all-time high…..for the first time in more than a decade, imports accounted for less than half of what we consumed.” Another fragrant could be called here easily,  but we settle for a double-dribble
Using the bully pulpit as a WMD, the President asserted that the oil  “Industry holds leases on tens of millions of acres both offshore and on land where they aren’t producing a thing, then adds that he wants to  “encourage companies to produce  the leases they hold.”   The problem of course is that while the  moratorium finally ended, there is in fact, a  permitorium by Ken Salazar’s  parasitic bureaucracy.  That is, even if oil companies wanted to drill baby, drill, regulators would simply say, hurry up and wait to drill - you first need to get a permit, good luck getting it!   A clear delay of game foul

For the last seven years, Russia was the world’s largest producer of natural gas. However, the  US  has overtaken Russia to  become the world’s largest producer.  The  US natural gas industry has grown steadily mostly due to technological and business process innovation, risk capital, the imagination and entrepreneurship of the independent E&P company, start ups, attractive business models, the substantial and continuing expansion of field and takeaway infrastructure – not government intervention.  Yet, natural gas rarely, if ever, is mentioned in any serious energy strategy debate.  A serious flagrant foul of omission and proving yet one more time that the problem with the government, is the government

But wait, there is more.  The NCAA Finals game has not even been played, but the eternal candidate has now officially declared himself, a candidate- Seems like an ejection is in order

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