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  • U.S. domestic crude oil production exceeded imports last week for the first time in 16 years, according to the EIA's latest data. Since Jan. 1997, weekly U.S. crude imports averaged ~9.2M bbl/day, topping domestic output by 3.5M bbl/day. But by late 2014, U.S. crude oil output should top imports by nearly 2.5M bbl/day. A slow shift, 16 years in the making, is set to become a flood in little more than 16 months. [View news story]
    Let's import more Elon Musks and subsidize exports of our krony kapitalist " public servants" !
    Jun 6, 2013. 10:53 PM | Likes Like |Link to Comment
  • Ben Stein Watch: In Defense of Exxon Mobil [View article]
    IF AUTHOR HAS AN INKLING OF ECONOMIC AND FINANCIAL ENLIGHTENMENT, RUN SOME COMPARATIVE MEASURES OF INDUSTRY PROFITS, RETURN ON EQUITY, RETURN ON ASSETS, RETURN ON TOTAL INVESTED CAPITAL, ETC,ETC, AND YOU WILL NOTE BIG OIL'S MEASURES OF PROFITABILITY AREN'T SPECTACULAR. AND EVEN IF YOU MANIPULATE NUMBERS TO ARRIVE A SELF-SUPPORTING CONCLUSION, THEN TAKE 5 AND 10 YEAR AVERAGE RETURN COMPARISONS AND BIG OIL'S MEASURES WILL PROVE WELL BELOW AVERAGE IN INDUSTRY PROFITABILITY RANKINGS. BUT, THIS VIRTUAL ANTI-CAPITALIST STARTS WITH THE DEMOCRATIC RULE NUMBER ONE FOR PUBLIC DECEPTION AND CLASS WARFARE -THROW OUT THAT "HUGE" $40 BILLION NUMBER, FOR THAT'S ALL THAT THE LITTLE PEOPLE WILL REMEMBER, IT MAKES THEM VICTIMS IN DESPARATE NEED OF A DEM POL SAVIOR, AND THIS IS HOW THE COMING ELECTION WILL BE WON - WITH DECEPTIVE APPEALS TO UNTHINKING PEOPLE WITH NO UNDERSTANDING WHATSOEVER FOR CAPITALISM AND FREE MARKETS. THERE'S BIG TROUBLE AHEAD ON ALL FRONTS FOR OUR BELO0VED U.S.A., BUT EXXON ISN'T THE CAUSE AND $16 BILLION IN NEW TAXES ON A CRITICAL INDUSTRY WITH SHORATGES AS FAR AS THE EYE CAN SEE IS SO ASININE, 180 DEGREES WRONG THAT THE MERE PROPOSAL OF SUCH AN ECONOMICALLY INSANE BILL FULLY DISQUALIFIES THE CANDIDATE AND THE PARTY FROM SERIOUS CONSIDERATION. AND NO REFINERIES BUILT IN USA IN LAST 30 YEARS - HMMMMM, NO DOUBT THIS, TOO, IS XON 'S AND BIG OIL'S CONSPIRACY , RIGHT??? " A NATION WHICH EXPECTS TO BE IGNORANT AND FREE EXPECTS WHAT NEVER WAS AND NEVER SHALL BE !" - JEFFERSON
    S
    Mar 3, 2008. 10:11 AM | Likes Like |Link to Comment
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