Category: Regulation
A very informative look into domestic oil production and oil pricing in general .
“However, Midwest refineries are
generally designed to process light,
sweet oil, which means they can handle output from the Bakken but are not up to processing heavy oil from the sands.
Oil-sands crude needs to go to the Gulf Coast, where an army of sophisticated refineries are thirsty for heavy oil. All that is lacking is a pipeline to connect supply with demand, but at the moment there is no such pipe; thus, the supply glut at Cushing has discounted
heavy oil significantly. Western Canada
Select, the benchmark crude oil coming out of Canada’s oil sands, closed at US$ 74.73 per barrel on March 5, a 30% discount to WTI and a 40% discount to Brent. ”
HT/ Instapundit
Posted by John Galt
In fact, a new Rasmussen Reports national telephone survey finds that twice as many–30%– believe the Supreme Court does not limit the government enough.
Forty percent (40%) say the balance is about right, while 15% more are undecided.
(To see survey question wording, click
here.)
Posted by John Galt
“War on Women” ? Could they be anymore lame ? Trayvon ? , caterpillers ? , war on women ? Anything BUT the economy , gas prices , bankrupcy , inflation , deficits …. you know … the things that really matter …
Posted by John Galt
“Under my plan… electricity rates would necessarily skyrocket.” Barak Obama
This needs to be endlessly repeated from now til November . The voters need to be reminded that this has been his goal all along .
This and his ” green energy ” stimulus plan/payback Solyndra, Fast and Furious/Gunwalker , Lightsquared, GeneralGovernment motors , and other ,should be scandals , small and large should be garuanteeing him a journey to prison and not just a possible spot in the unemployment line .
Posted by John Galt
The audacity of this administration would make even Joseph Goebbels and Leni Riefenstahl wilt in admiration .
This plays hand in hand with a previous post regarding the complete lack of respect for authority being engendered today due to the “peasantry” being fed nothing but a tissue of lies from every allegedly ” authoritative ” source .
Posted by John Galt
America’s Berlin Wall:Owe The IRS?
Bill Would Suspend Passport Rights ForDelinquent Taxpayers.
Tar. Feathers.
Reader Jim McCrory writes: “Would this mean Warren Buffett would have to stay home?”
UPDATE: A reader emails: “Or Geithner. Or the 40+ white house staffers that owe back
taxes. Might make Obama’s international
travel cheaper though…” I think it’s down to 36 White House staffers, but yeah.
Posted at 10:39 am by Glenn Reynolds
H/T :Instapundit
I had to lift this one wholesale , forgive me , but the comments were just too good to pass up .
Posted by John Galt
From the wonderful mind and hand of Michael Ramirez by way of Investors Business Daily .
To my mind no political cartoonist is more in touch with our present situation than 2 time Pulitzer Prize winner Michael Ramirez .
Day after day after day this amazing artist hits the nail on the head .
Posted by John Galt
Glenn Reynolds
GUERRILLA STREET ART: Reader George
Warner emails: “Saw this on a gas pump in
Pennsylvania. So, I went inside and
purchased a gift card with Tim Geithner
bills stamped ‘Tax Cheat.’ Heh.”
Long may “guerrilla street art” reign . I just had to borrow this from Professor Reynolds , it was too good to pass by
This , along with the budding gas pump post it campaign is what makes my days fun .
Posted by John Galt
