I kept seeing this ad by Thomas Peterffy on CNN while watching Sandy Coverage.
I love how it’s just a guy who spent his own money because it’s something he believes in, ok true, he’s got a lot he can spend! I thought it was funny that it was on CNN during what had to be HUGE ratings for them & I bet he didn’t plan it that way, just lucked into it.
In Obama’s speech the other night from the oval office, he claimed that our dependence on oil has forced us to look in places that are difficult to drill in. Here’s his exact words:
After all, oil is a finite resource. We consume more than 20 percent of the world’s oil, but have less than 2 percent of the world’s oil reserves. And that’s part of the reason oil companies are drilling a mile beneath the surface of the ocean — because we’re running out of places to drill on land and in shallow water.
One small problem, that’s not true at all.
Take a look at what the USGS had to say about North Dakota & Montana in 2008:
North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil.
Technically recoverable oil resources are those producible using currently available technology and industry practices.
Oh at the time of the article they went on to say that only a limited number of wells produced oil from the assessed areas.
And here’s more:
The U.S. is sitting on the world’s largest, untapped oil reserves — reservoirs which energy experts know exist, but which have not yet been tapped and may not be attainable with current technology. In fact, such untapped reserves are estimated at about 2.3 trillion barrels, nearly three times more than the reserves held by Organization of Petroleum Exporting Countries (OPEC) nations and sufficient to meet 300 years of demand — at today’s levels — for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.
That article details all the untapped reserves!
Way to go Mitt!
Has it come to this again? The president is meeting with his oil spill experts, he crudely tells us, so that he knows “whose ass to kick.” We have become accustomed to his management style — target a scapegoat, assign blame and go on the attack. To win health care legislation, he vilified insurance executives; to escape bankruptcy law for General Motors, he demonized senior lenders; to take the focus from the excesses of government, he castigated business meetings in Las Vegas; and to deflect responsibility for the deepening and lengthening downturn, he blames Wall Street and George W. Bush. But what may make good politics does not make good leadership. And when a crisis is upon us, America wants a leader, not a politician.
He makes some great points.
Geat piece in the WSJ today. Here’s a great quote:
It is a White House that has focused consistently on the sensitivities of the world community—as it is euphemistically known—a body of which the president of the United States frequently appears to view himself as a representative at large.
It is what has caused this president and his counterterrorist brain trust to deem it acceptable to insult Americans with nonsensical evasions concerning the enemy we face. It is this focus that caused Mr. Holder to insist on holding the trial of Khalid Sheikh Mohammed in lower Manhattan, despite the rage this decision induced in New Yorkers, and later to insist if not there, then elsewhere in New York. This was all to be a dazzling exhibition for that world community—proof of Mr. Obama’s moral reclamation program and that America had been delivered from the darkness of the Bush years.
It was why this administration tapped officials like Michael Posner, assistant secretary of state for Democracy, Human Rights, and Labor. Among his better known contributions to political discourse was a 2005 address in which he compared the treatment of Muslim-Americans in the United States after 9/11 with the plight of the Japanese-Americans interned in camps after Pearl Harbor. During a human-rights conference held in China this May, Mr. Posner cited the new Arizona immigration law by way of assuring the Chinese, those exemplary guardians of freedom, that the United States too had its problems with discrimination.
First it was James Carville. (OK, you have to ignore all the typical Lib bashing of capitalism.) Here’s a second Carville:
Next Chris Matthews:
And Bill Maher:
Maher again (THis one’s good because he gets smacked down too!):
Spike Lee too? He’s even a little unhappy!
A great video of Carville ripping Obama on GMA
Karl Rove has a great piece in the WSJ about Obama’s response to the BP Oil Spill and a discussion of the differences between Obama & Bush in their responses to Gulf disasters:
Could this be Mr. Obama’s Katrina? It could be even worse. The federal response to Katrina was governed by the 1988 Stafford Act, which says that in natural disasters on-shore states are in charge, not Washington. The federal obligation is to “support . . . State and local assistance efforts” by providing whatever resources a governor requests and then writing big checks for the cleanup. Mr. Bush had to deal with a Louisiana governor and a New Orleans mayor who were, by federal law, in charge.
But BP’s well was drilled in federal waters. Washington, not Louisiana, is in charge. This is Mr. Obama’s responsibility. He says his administration has been prepared for the worst from the start. Mr. Obama’s failure to lead in cleaning up the spill could lead voters to echo his complaint in Katrina’s aftermath: “I wish that the federal government had been up to the task.”