Sunday, October 02, 2011

There are some flat nutty people out there

for whom 'insane' hardly seems more than a beginning.

Iowahawk taps into a phone call from someone in the Administration to Mexico.

'Bad day on the range', no bloody kidding.

The geniuses we have in the White House:
When it was Mr. Hamm’s turn to talk briefly with President Obama, “I told him of the revolution in the oil and gas industry and how we have the capacity to produce enough oil to enable America to replace OPEC. I wanted to make sure he knew about this.”

The president’s reaction? “He turned to me and said, ‘Oil and gas will be important for the next few years. But we need to go on to green and alternative energy. [Energy] Secretary [Steven] Chu has assured me that within five years, we can have a battery developed that will make a car with the equivalent of 130 miles per gallon.’” Mr. Hamm holds his head in his hands and says, “Even if you believed that, why would you want to stop oil and gas development? It was pretty disappointing.”
Even if you believed this battery crap, you STILL HAVE TO GENERATE THE ELECTRICITY TO CHARGE THE DAMN THING. Bleep. For that matter, I wonder if Chu and Obama have any idea how many products oil is the base for? Or if they do, do they care?
One further bit:
Washington keeps "sticking a regulatory boot at our necks and then turns around and asks: 'Why aren't you creating more jobs,'" he says. He roils at the Interior Department delays of months and sometimes years to get permits for drilling. "These delays kill projects," he says. Even the Securities and Exchange Commission is now tightening the screws on the oil industry, requiring companies like Continental to report their production and federal royalties on thousands of individual leases under the Sarbanes-Oxley accounting rules. "I could go to jail because a local operator misreported the production in the field," he says.

The White House proposal to raise $40 billion of taxes on oil and gas—by excluding those industries from credits that go to all domestic manufacturers—is also a major hindrance to exploration and drilling. "That just stops the drilling," Mr. Hamm believes. "I've seen these things come about before, like [Jimmy] Carter's windfall profits tax." He says America's rig count on active wells went from 4,500 to less than 55 in a matter of months. "That was a dumb idea. Thank God, Reagan got rid of that."
There was a lady who worked in the agency I used to work for; she and her husband had a stripper well on some land they owned(drilling rights leased to the oil company), produced something like $150 or so per month for them. Until that moron Carter did this; after it went into effect, their check came out to a few dollars a month. So many people got a little extra income off wells like this, and Carter screwed them out of it with this 'windfall profits' bullshit. If he'd come through OK after that, he'd have had trouble getting out without either a necktie party or having trash thrown at him.

And last, Weerd notes one of the more idiotic things I've read in a while concerning courtrooms and idiot/dirtbag lawyers and prosecutors.

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