Showing posts with label Energy 2012. Show all posts
Showing posts with label Energy 2012. Show all posts

Sunday, December 23, 2012

The Greatest Economic Boom Of Our Time Coincided With The Cheapest Gasoline

Arguably the greatest economic boom period of the 20th Century, the period between 1986 and 2000, was fueled, quite literally, by the cheapest gasoline prices on an inflation-adjusted basis since the end of The Great War. Real gas prices during those years in today's dollars ran down from $2.00 a gallon in the mid 1980s to $1.50 by the late 1990s and up again.

Chart and discussion, here.

Say what you will about former Speaker of the House Newt Gingrich's presidential run in 2011-2012, he's the only public figure who has had the vision to understand the imperative of getting the price of gasoline below $2.50 a gallon to gun the economy.

With four more years of a regime which is the enemy of all things fossil fuel, expect little more than idling in the driveway.

Monday, December 17, 2012

Oil Is Up 335% Since The Summer Of 1999

Oil prices have soared over 300% since leaving the $20/barrel range for good in early 2002.

The first time oil hit $19/barrel was in the summer of 1979.

The last time it hit $19/barrel was in January 2002.





Sunday, December 16, 2012

Expensive Oil Since 911 Has Coincided With Slow GDP Growth

Reagan-Bush-Clinton era low energy costs coincided with economic "good times" when real GDP increased 83% over twenty years.

By contrast the last twelve years have witnessed real GDP growth of barely 24% in the face of soaring energy prices.

The country's most urgent need is for lower energy prices, not tax increases. Revenues take care of themselves when the economy is growing well.

Crude Oil Is Priced About Where It Was 5 Years Ago


Saturday, December 8, 2012

Sunday, November 18, 2012

What A Shock. Senator Elect "Independent" Angus King Of Maine To Caucus With Dems

The Boston Globe has the story here about the two-term former Governor's victory:


Republican-aligned groups spent $3.7 million in a losing attempt to defeat King. The National Republican Senatorial Committee dumped $1.3 million, while Crossroads GPS spent about $1 million.

The Democrat in the race for Senate in Maine, Cynthia Dill, who thought she was running against Todd Akin of Missouri, came in a very distant third with 13% of the vote behind the Republican in distant second with about 31% of the vote to King's 53%.

King's enthusiasms appear to be fingerprinting and windmills.

Saturday, November 17, 2012

Your Food Costs More Because Of Obama's Stalinist EPA Ethanol Policy

Feed prices have skyrocketed as a result of drought and dedication of ever larger portions of corn harvests to fuel production instead of for feed, and it will get much much worse according to this in depth story in The Detroit News:


This year, the Renewable Fuel Standard requires the use of 13.2 billion gallons of corn ethanol, the production of which could require using more than half the country's corn crop, up from 5 billion gallons in 2007.

Next year, the standard increases to 13.9 billion gallons. By 2022, the U.S. must use 36 billion gallons of biofuels, though 21 billion gallons are supposed to be from advanced cellulosic ethanol.

Sunday, November 11, 2012

Hurricane Sandy Victims Search For Gasoline

In the Mad Max movies, it took an apocalypse to start the war for gasoline. In 2012 in New York and New Jersey it only took a Category 1 hurricane.

Oh yeah. We're so advanced.  

Saturday, November 3, 2012

Mayor Doomberg Cancels NY Marathon: Starting Line Was On Staten Island

Mayor Doomberg has canceled the NY Marathon because . . . it was to have started on Staten Island, and the optics of starting a race at ground zero for Hurricane Sandy were simply unthinkable. People there are still under water and without electricity, food and heat.

AP Obama reports here:


The storm forced cancellation of Sunday's New York City Marathon. Mayor Michael Bloomberg reversed himself Friday and yielded to mounting criticism about running the race, which starts on hard-hit Staten Island and wends through all five of the city's boroughs. ... [O]n Staten Island, there was grumbling that the borough was a lower priority to get its services restored. "You know it's true," said Tony Carmelengo, who lives in the St. George section of Staten Island and still does not have electricity. Added his neighbor, Anthony Como: "It's economics. Manhattan gets everything, let's face it."

Wednesday, October 17, 2012

Tell Us, Governor, Why Don't You Care For 47% Of The Country?

Last question of the second presidential debate, picked by Candy Crowley, a hanging curve ball for the president:

CROWLEY: Governor Romney, I want to introduce you to Barry Green, because he's going to have the last question to you first.

ROMNEY: Barry? Where is Barry?

QUESTION: Hi, Governor. I think this is a tough question. To each of you. What do you believe is the biggest misperception that the American people have about you as a man and a candidate? Using specific examples, can you take this opportunity to debunk that misperception and set us straight? ...


CROWLEY: Mr. President, last two minutes belong to you.



OBAMA: ... 

I believe Governor Romney is a good man. Loves his family, cares about his faith. But I also believe that when he said behind closed doors that 47 percent of the country considered themselves victims who refuse personal responsibility, think about who he was talking about.

Folks on Social Security who've worked all their lives. Veterans who've sacrificed for this country. Students who are out there trying to hopefully advance their own dreams, but also this country's dreams. Soldiers who are overseas fighting for us right now. People who are working hard every day, paying payroll tax, gas taxes, but don't make enough income. ...

Saturday, September 1, 2012

What Do Today's Gasoline Prices And Chevrolet Have In Common?


"When I take her to the track she really shines
She always turns in the fastest times
My four speed dual quad posi-traction 409"

Tuesday, August 28, 2012

Can You Imagine Auto Fleets Averaging 35 MPG In 2016 And 55 MPG In 2025?

Notice the dramatic uptick in fuel economy after the oil embargo of the 1970s. Economy went from about 12 mpg to about 20 in just about 5 years, an improvement of over 60 percent in a very short time.

Then economy was flat to declining for 30 years.

Since we've committed ourselves to the suburban lifestyle, it only makes sense to get the best fuel economy we can. And if anyone can do it, the Japs can.

Story here.

Gas Prices Above $3.11 Nearly Three Times As Long Under Obama

The national average price of a gallon of gasoline stayed above $3.11 for about 7 months under liberal George Bush, but under catastrophe Barack Obama we're now well into our 19th month above $3.11.


Sunday, August 26, 2012

Threat From "Regionalism" Mirrors Why Your Rep. Doesn't Know Your Name

If you haven't yet heard of it, the threat from "regionalism" is the attempt to overturn the dominant organizing principle of physical space in America today: the suburbs and the governments formed to serve them. In my most recent local primary election, the Republican candidate favoring the regionalist philosophy not so narrowly won against a challenger who ran opposing it. 

Americans overwhelmingly live in the suburbs not in the least because they like it. There they have four walls of their very own, some green grass to enjoy and a little peace and quiet away from the bustle of life and the crime associated with large cities. Love of country-like living also happens to be an important inheritance from our English past, from which we get the ideal of the country gentleman, the garden and the hunt. Our estates are often less impressive and the ideal not so self-conscious, but few of us can imagine a better way to live.

The war against this way of life has taken many forms in recent times, the war against the SUV and now against the gasoline engine itself being prominent examples. What better way to deprive us of our dream than to compromise our access to and enjoyment of it? Another is to force us back into trains, where TSA VIPR units will soon be frisking us as frequently as they do now at airports. Yet another is to take away the tax deduction for mortgage interest, to make home ownership in the suburbs itself less appealing economically. So many forces are arrayed against the way of life of millions of normal Americans that one might be forgiven for thinking it is all some vast conspiracy.

Lately the war against our preferred way of life has taken shape in the drive toward "regionalism", a dreary subject to most Americans which is really a sleeper threatening to deprive citizens of representation and extend a trend which has been at work since at least the 1920s. At that time in America the US House of Representatives, chiefly controlled by Republicans, voted to circumvent the constitution and fix the number of representatives at the then current number of 435, when on the constitution's principle we should have by now at least 10,267 members in the US House. That's the reason your congressman doesn't know your name, and why you probably don't know his.

Today Democrats and Republicans in various places are uniting to extend this trend by forming alliances on behalf of "tax sharing" districts and "amalgamated" governments at the local level in the name of squeezing "efficiencies" out of larger scaled units. In fact the real motivation often turns out to be finding new sources of revenue to pay the exorbitant salaries, pensions and health care benefits of unionized government employees who have been promised the moon by big cities but which can no longer afford it, if they ever could.

There is a new book on the subject by Stanley Kurtz, Spreading the Wealth: How Obama is Robbing the Suburbs to Pay for the Cities, and an important article here by Wendell Cox, REGIONALISM: SPREADING THE FISCAL IRRESPONSIBILITY, a short and helpful introduction to the subject, from which this excerpt:


"[S]pecial interests have more power in larger jurisdictions, not least because they are needed to finance the election campaigns of elected officials, who always want to win the next election. They are also far more able to attend meetings – sending paid representatives – than local groups. This is particularly true the larger the metropolitan area covered, since meeting[s] are usually held in the core of urban area[s] not in areas further on the periphery. This [gives] greater influence to organized and well-funded special interests – such as big real estate developers, environmental groups, public employee unions – and drains the influence of the local grassroots. The result is that voters have less influence and that they can lose financial control of larger local governments. The only economies of scale in larger local government benefit lobbyists and special interests, not taxpayers or residents."

Thursday, August 2, 2012

Obama's War On Coal Is A War On The Heartland Of America

From a worthwhile discussion of the issues, here:


America produces 40 percent of its electricity from coal. Eight states, including Kentucky, Indiana, Ohio, Missouri, and West Virginia, use coal to generate more than 80 percent of their electricity. But over 100 coal-fired generating plants have closed since January 2010, mostly due to Environmental Protection Agency regulations.

EPA's Mercury and Air Toxic Standards for Power Plants rule, issued last December, will make electricity generation more complex and expensive, especially in the eastern half of the United States. It will lead to the closure of many coal- and oil-fired power plants that would be too expensive to bring into compliance. Ultimately, power users will bear these costs.