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  1. 10 points
    Mr. Biden is very rapidly getting the United States into an energy bind. He still has time to back up and let things be, but that door is closing rapidly. With the new administration's rhetoric on Saudi Arabia taking on a sour tone, the KSA will be a target for Iran, probably via Yemen, but possibly through a direct hit to the Strait of Hormuz. They're crazy bastards in Iran so it might even be a baby nuke. Presto! Just like that we wouldn't have enough heavy crude to mix in with our light sweet shale basin oil. We'd be in a war but with no real way to provide the aviation fuel to fight it. We need ready, reliable access to Canadian heavy oil . . . for many reasons. First is the strategic location next door. Second is to heal trade relations. Third is to cut Saudi Arabia loose. Venezuela heavy, nah. Mexican heavy, yes--again for the same simple reasons. Mr. Biden has bought into the California Plan: solar and wind energy stored in a lithium-ion battery concourse capable of emitting it over the grid as needed, providing electricity to electric vehicles that during crisis levels can send energy back into the power plant, cutting all ties to fossil fuels. I have yammered on for months about the dangers of such a transition without fossil fuel backup--in the case of California, the many natural gas fired utility plants that can provide backup now and will be valuable for NG to hydrogen in a couple of years. Mr. Biden seems to have sold his soul to the company store, which in this case is the magical wonder-world of the Green New Deal. He refutes that, calling it the "Biden Plan" instead, but it's the same deranged logic. No one really took this seriously--especially in the shale basins--because it was reasoned that he could never get it through a Republican-controlled Senate. Well, so much for that stopgap! With his abrupt cancellation of the Keystone Pipeline and moratorium on lease-letting on federal lands (even though it looks like a compromise), he has let the whole world know that he wants the United States out of the fossil fuels business as quickly as possible, at the same time sticking an eye in the prince's eye, and flipping off Canada too. How smart can you get! Be careful what you wish for, Mr. Biden. Right now the mainstream press is so gushy about your hair-brained ideas that you may get the impression you can do no wrong. But take it from me, you're about to get us in one hell of a jam: 1) raging inflation, 2) very high oil prices, 3) energy-insecurity, 4) a Middle East hellhole. It would be quite a setback for your devoted left to wake up one day and realize that 75% of the country yearned for Mr. Trump and the "good ole days." 😊
  2. 9 points
    24% of the oil produced by the US is on federal lands. That's really, to paraphrase, no big deal except to certain drillers (EOG, Devon, Matador), and you're right, Texas has very little federal land that is oil-rich. What Mr. Biden may not realize quite yet is that he has himself in a box, as they say. His newly-appointed but yet-to-be-confirmed Sec. of Interior is a Native-American from New Mexico, which was a very poor state before the Delaware Basin--part of the Permian--came along. The special fund in New Mexico currently receives $1-2B a year from oil and gas. The state is blue and getting bluer. Gov. Michelle Luhan Grisholm has already asked Mr. Biden for an exclusionary waver for New Mexico. If he gives that, he has shown favoritism that would very likely become a Supreme Court case (exceptionally profiting one state while punishing another) from other shale basin states (Wyoming, Oklahoma, Colorado, North Dakota, Pennsylvania). That would be a very black eye for the new president. As I said, he is in a box, as he promised the radical left, including the Sierra Club, that he would ban fracking on federal lands "the very first day in office, period, period, period!" The great concern I have is that when Ms. Harris picks up Mr. Biden's fallen gauntlet (sometime this year if his appearance/comments/actions in his first day in office are any predictor), she will ban fracking period, period, period . . . as in all of it. She doesn't seem to have any national foresight or gravitas at all. May be his way "out of the box" as a great # of leases were permitted during the several months leading up to the election--probably enough to last those companies through a four-year moratorium.
  3. 9 points
    Well, he did tell the whole country he was going to do this. I never doubted him. Then, choosing as Sec. of Interior a Native American woman who has professed hatred for fracking sort of underscored the statement. This is serious. Everyone who thought this was campaign rhetoric can now get nervous. For a while, this will help people like me. Obviously, no individual landowner or royalty owner is going to be hurt by this. However, this is only the beginning. When Ms. Harris becomes President Harris, it's lights out for the batch of us. WTI $100? Nah! I'm thinking more like $150. The Saudis are going to try to corral OPEC. Iran and others won't go along. But as I've said all along, Joe Biden wants high oil prices, even higher gas prices at the pump, all to get his Biden Green New Deal through and enable him to pump trillions of subsidies into renewables.
  4. 9 points
    No one won yesterday. It was a disaster on many fronts. I have said many times that I am no particular fan of Mr. Trump's. However, from my viewpoint, I see socialism coming in. And if the right thing had been done--the early appointment of a bipartisan commission to oversee a forensic examination of the voting machines--this issue (which the American people need to have settled) would have been long put to rest. This was a sad day for America, and for Mr. Trump. As is my wont, I tried to put myself in his shoes: sharp voting irregularities, news censored, social media deleted, Republican Party mostly deserted, total failure of the courts to examine the complaints. I would have been angry too. Any supporter would say that he'd showed conviction and determination in his stand; any detractor or hater would say that he incited a riot. Either way, he is finished. Partly by his own narcissism, pride, lack of humility and meanness to underlings. Partly by a very determined Democrat Party hell-bent on obtaining power and changing America to their own design. Lots of people--including many in the Republican Party--want to see him utterly destroyed, a shadow of his former self, gone under the cloud of Section 25. He hasn't much more to lose. Me? I'd buy a very big boat and enjoy the sunshine of Florida. He? I don't think so. I think he will spend the rest of his days looking for an answer that could have been readily provided by all the failsafe systems put into place by an almost leakproof Constitution. And we all have to work to heal this great divide that has been somehow wedged down the spine of our country. I imagine from the tenor of your post that you see me as some mean-spirited old fellow. Well, I'm old, and I would desperately like to protect my oil and gas interests; they are pretty much my life. On the other hand, I have had a difficult time figuring out your side of things too; I don't understand installing such an elderly, compromised man as president, only to have him cloistered and speaking only from a teleprompter for fear of the demolition of a simple sentence, backed up by a socialistic-leaning woman--the two of them with repeated vows to ban fracking. I have railed against violation of TRRC Statewide Rule 32--venting gas for >24 hours or flaring for >10 days--because I believe in reducing the amount of methane gas emissions as much as possible, not to mention the optics and the waste. However, when I try to look back at what and where we'd be if there had been no fracking, it looks worse. To confuse my solid stand against things--venting/flaring, installing an administration ready to destroy the American oil & gas industry--with condoning other things--rampant damage to the environment, violence--is a silly and irresponsible way to make your point. It's the main reason that I too shall depart this site. Not from having my feelings hurt, or some sense of being on the wrong path--I feel just as strongly about how this should have been handled. But because of people like you, who just keeps pushing on a string. Your post shows that somehow, for some utterly obscure reason, want to paint me into this corner, as if I am some Proud Boy or something. I'm not leaving angry or even hurt, just sad at the terrible mean spirit and division that has taken over our country. Maybe I've lost my mojo, but I just don't see any use in railing on about how a bipartisan commission should be appointed to make damn sure there was no major-league voting irregularity. I have a pretty decent education and like to think that I'm of a measured mind when stating my opinion; I'm no brawler. Like the rest of you I'll be watching to see how the next few years unfold, and if there was an issue with the machines, the truth will out. I wonder what that would do to the fabric of our flag.
  5. 9 points
    I am my own man thank you. I am no Dem thank you. However I am anti Trump thank you. I have laid out issues that I am at odds with Dems also. I claim to be an issue type guy so I catch heat from both sides. I know that is beyond the comprehension of some but I have little control over that. I apologize when my immaturity at 63 overcomes me and sometimes I react a little harsh. I guess that’s the factory boy in me where I spent 35 years. I do remember occasions of being ridiculed for suggesting clean air is good as one example. I have lung damage due to a virus before COVID came along. That’s why things flaring and pollution peak my interest. If dirty air advocates clean up their personal attacks I have no problem discussing issues in a more professional way.
  6. 8 points
    I've been predicting the takeover of Taiwan since Biden was selected as the candidate. The Chinese own him, lock, stock and barrel. They're not worried about being cut off from western markets. Western countries are worried about being cut off from cheap Chinese goods, including as this fustercluck has proven, the precursor drugs needed to support Big Pharma. Biden won't do a thing when China takes over, but it won't start with shooting, they've been Shown the way. One phony election, a "pro" China candidate no one voted for and that President asking for "help" from China. Your logic is sound Jan, but you mistakenly believe the CCP will follow logic. They won't.
  7. 8 points
    I actually agree with what you said. For example, I am a devout capitalist but as a retired cardiologist am immensely convinced that a national health system is the only way forward. When I entered practice in 1976, my "no-pay" patient percentage (no insurance, no money, no Medicare/Medicaid) was 20%. While we all understood that surgery, procedures, illnesses cost the paying patients more, we felt it was a way to take care of those caught in a squeeze. By the time I left practice this "no-pay" rate had increased to over 40%, mostly due to illegal immigrants, drug-addicted, homeless and mental illness. At that point, instead of (insurance, Medicare/Medicaid, out of pocket) payment for a procedure that's worth $1,000, that patient pays $1,400 or so while the indigent pays nothing. Furthermore, this antiquated system bifurcates care too much: As a matter of economic survival of the system as it now exists, a paying patient is over-tested and over-treated and an indigent patient is under-tested and under-treated. With the addition of many more immigrants--perhaps another 25 million over the next four years--this is going to place an unbearable strain on our healthcare system. There I stop. Decent healthcare for all is a humanitarian response. Sorry, but paying for sex changes and whims of society don't fit the bill. Nor does redistribution of wealth. And yes, people should be allowed to opt out and choose their own doctors totally outside the national health service. There, for example, if they want a sex change or a face lift or a boob job, well, go for it. Note: the above may not reflect the belief of the American Medical Society. Or anybody else, for that matter.
  8. 8 points
    Syria has been massively cranked down and he didn't take the USA into WW3 territory like Hilderbeast wanted to by imposing a no fly zone over Syria and going head to head with Russia (who were there by the Syrian govts invitation). While I have a lot of criticisms of Trump the above is one singular overwhelming reason that I am glad he won in 2016 instead of that witch. The USA plays no real part in the Yemen war. Iraq the presence is now downgraded to training, some intelligence and occasional bit of convert ops work.
  9. 8 points
    I do want you to know how deeply saddened I am to have to write that. That the society cannot even structure itself to share the vast wealth, even some tiny crumbs, with the ordinary folks that work so hard for so little, is just gut-wrenching. I am devoting the remaining years of my life to demonstrating that capitalism can work for everybody, all it takes is basic decency and consideration for others - what we previously took for granted as our Christian obligation. Not everyone is born with my talents. I get down on my knees and give thanks to God that I have been granted His blessings and the brainpower and talent to make a big difference. Down on my knees. Wall Street (and the DC Democrats) have lost the ability to be humble before God.
  10. 8 points
    I don't like to get too deep into these discussions as they are so fraught with emotional overtones, but at the risk of more criticism, I would gently mention the following. Whether you like him or loathe him, Donald Trump did pull in some 70 million votes - an astonishing number. To suggest that all those voters are "rednecks, KKK klansmen, yahoos, deplorables, idiots, anarchists, pick-up truck drivers, Camel smokers," whatever possible pejorative you want to throw at them, is a bit silly. Those voters are in some part folks who have been badly screwed over by what I would term "The Power Elite," a collection of Wall Street thieves (who stole their homes on falsified claims and perjured papers), politicians who are vendus to Wall Street, and inside-the-beltway bureaucrats and the political perpetual establishment, which for want of a better term I classify as "limousine liberals." You see the arrogance and the total contempt for ordinary folks in the Limousine Liberals that cruise through the streets of DC on the way to their perpetual Meetings, in caravans of police vehicles with sirens blaring, because those forty seconds in the trip are more important to them than the cumulative hours lost by the ordinary people who have to get out of the way. When I am in DC I am so tempted to carry along a dozen eggs, to lob them at the limos and splatter the windshields. I was warned not to do this as lobbing anything against some self-important politician or general scumbag would likely result in a volley of gunfire. That said, I think if the people of DC rise up and lob vast numbers of eggs at those speeding limos, then perhaps the politicians will re-think their insolent arrogance. Two thousand egg hits takes the fun out of playing with sirens. The people who have to get out of the way are the people who work hard and get nowhere. Their economic condition has gone backwards since the days of Reagan. Does anyone seriously think that they are going to be supporters of the Democrats - the occupiers of those limousines? Go vote for Hillary Clinton - who scorns them as "the deplorables"? Vote for Mitt Romney - who derides them as nobodies? They voted for, and still support, Donald Trump because Mr. Trump wants to re-structure a society, crafted by the Clintonistas, where their jobs and wealth has been shipped overseas wholesale to China and points West and South. Hey, why is nobody looking out for them in Washington? Nobody did - until Mr. Trump came along. If the DC cognoscenti cannot figure this out, then they are lost souls. DC has a responsibility to everybody, not just the pigs on Wall Street, and so far, only The Donald has taken up that flag. So, he retains the 70 million. The Democrats and the Deep State bureaucrats see Trump as a major threat to their control of DC, and so are going after him with a vengeance. And the calculation is that the 70 million will still be there in 2024, the limo crowd will still be arrogantly skimming off the wealth for themselves, and Mr. Trump will be back, for another term as President. The only way the Dems and DC political class can head that result off is if they get serious about the needs of Mr. and Mrs. Average Workingman. Wil they? Of course not. So, I predict that the Dems just might be able to disbar Mr. Trump from office, but another Peronista will rise from the disenchanted, and that person will again lead the disaffected into another term of conflict politics. And the cycle will repeat until the moneyed class finally smartens up and recognizes that they cannot hide behind gated communities and walls in the Hamptons, eventually the dispossessed will find their Robespierre and then come after them with pitchforks. So far, absolutely nothing is resolved.
  11. 8 points
    Since I started this thread, and since it has gotten seriously weird, I shall step back in to attempt to explain a few basics, mostly for the benefit of the non-US readers here (I should know better than to attempt this, but hey, lost causes are a sub-specialty of mine). Readers might keep i9n mind that I am a lot closer to the involved players than you might suspect; discretion keeps me from saying more. In the US, the "legal system" is divided into two broad categories: criminal justice, and civil claims for money damages and, occasionally, injunctive relief. The criminal justice system works (today) only on Statutory Law: to be convicted of a criminal charge, a specific Statute has to be written and the Statute has to be specific, so that it passes muster with the Constitution. Where a criminal charge is statutorily written to be ambiguous or vague, then the US Supreme Court can and likely would declare the Statute "unconstitutionally vague" and it would be vacated. The individual US States also have their own Constitutions, and some of them provide citizen protections that are more stringent than even the US Constitution. For those cases in State Law, the State Supreme Court will be the arbiter of cases where the criminal complaint is unconstitutionally vague. For example, Vermont is about to pass an Amendment to its State Constitution that outlaws slavery and indenture, and protects as an inalienable right the access to abortion. If you scour the US Constitution, it does not provide for a constitutional protection against involuntary servitude (indenture), nor for abortion, nor even for engaging in homosexual acts. The Instrument is silent. Thus for example, if you are found by a policeman engaging in a homosexual act, and that is violative of some State Law (as it is in Georgia), then the policeman can arrest you. The US Constitution does not protect you, neither on privacy grounds nor any other grounds, as the Original Instrument did not contemplate a situation where society would evolve to the point where homosexual acts would be shrugged at. There has been a recent case in Georgia of such an arrest, although the local prosecutor declined to pursue the matter. The defendant then pursued the matter seeking a Ruling, it went to the US Supreme Court, and the Ruling was, Sorry, no constitutional protection, they can put you in jail of they want to. Oh, well. Over on the civil court side, civil cases are mostly State Court cases. Under Article III of the Federal (US) Constitution, US District Court civil cases are limited to where there is complete diversity of jurisdiction of the parties to the case, or where there is an Original Jurisdiction component that invokes Federal Courts. For example, if you are in Nebraska and the party you are suing is in New York, and the amount of damages sought is specified as over the threshold limit of $75,000, then you can claim access to the federal courts (The US District Court). Alternatively, if you do not meet that test but are specifying in your Complaint that there is a specific Federal Statute that you are invoking as jurisdictional grounds, then you also have access to the Federal Courts. For example, if you are suing a policeman for beating you up, then you can file a claim under Title 42, Section 1983, which provides access to the Federal Courts for matters where a state actor injures you under color of law (a fancy way of saying that they acted against you using a claim of state authority, which a policeman would have. But so would an animal control officer who wrongfully seized your dog.) This law was originally passed in 1877 as part of the Civil War Reconstruction period, it sat disused in the dust of history for most of the 20th Century, then some smart minority students who got scholarships to Harvard discovered the old law, and brought it back to life with a vengeance. Today some 10% of all Federal cases are brought unde3r Sec. 1983. Who knew? Civil cases fall into two broad categories: claims on contract (i.e. breach of contract), and claims for injurious conduct, or in "tort". Typically cases will have both tort and contract breach claims, and Judges struggle to keep a lid on it. If a case sounds in contract then typically the supplemental tort claims will get tossed out, mostly to simplify matters for the Judge. If you don't much like it (as a plaintiff) then you could appeal to a higher court of review, but that typically goes nowhere. Claims in tort sound in aggrievement. The plaintiff has to show real aggrievement, a real harm and wrong, before a court will consider it. The reason is that the courts are not there to be debating societies; if you just want to sound off, then go get yourself a milk crate and stand on it in the public park and sound off to passersby, or go write letters to some newspaper, or go hold a demonstration in Washington if you like. The Court requires that you have some real injury. Dominion Voting Machines declares that it has suffered real injuries, both to reputation and to sales or the prospect of future sales. It does not have a contract with Ms. Powell, but can claim that Ms. Powell has defamed the reputation of the company and its products, so it sues in tort. Such suits in the State system require a careful recitation of the factual basis for the claims; this is known as "fact pleading." In the Federal Courts, the standard is to plead so as to put the defendants on Notice as to the nature and substance of the claims, and this is known as Notice Pleading. Where this went off the rails in in the famous case of Ashcroft v. Iqbal. John Ashcroft, readers will recall, was a politician from I think Missouri, who became the (Republican) candidate for Senator in an election against the (I think) Governor, Mel Carnahan, in 2000, the year that George W. Bush ran for President against Al Gore. A few weeks before the election, Carnahan was killed in an airplane crash, and there was no time to put another candidate on the ballot, so it was Ashcroft versus a dead man. The voters elected Carnahan, despite being dead. Ashcroft was thus the Senator who was defeated by a corpse, not exactly a sterling commendation. As a consolation prize, George handed the position of Attorney General I think it was to John Ashcroft. Ashcroft was remarkably incompetent in that role, and presided over all manner of egregious abuses after the plane crashes on 9.11.2001. A nobody from the Middle East, Mr. Iqbal, was arbitrarily picked up, deported, and ended up is some Egyptian prison, where he was beaten half to death. Iqbal then ended up in some "Deep State" prison in Romania run by the CIA, and beaten up some more. After several years, he was released because there was nothing against him. To no surprise, he sued for damages and wrongful imprisonment. That case went to various Courts and eventually to the US Supreme Court, where some ridiculous Judges ruled that since the Complaint did not specify with particularity the exact steps that Ashcroft had taken to institute the false imprisonment and the beatings, it would be dismissed for being vague. Thus the Federal Courts shifted from Notice Pleading to Fact Pleading, although it is not a fact-pleading court. John Ashcroft's great contribution to the development of US law was that now the federal authorities, being basically anybody in the Deep State, could go beat the hell out of you for years on end and do it with impunity...What a hero that guy is. Just lovely. With this backdrop, Dominion (now owned by a US hedge fund, the Canadians having sold the company a few years ago) hired the roughest, toughest lawyers it could find and are going after their tormentors. And that is how we get to the enormously detailed, "fact pleading" Complaint that I had posted. Trust this explains.
  12. 8 points
    No Twitter is a common carrier in status, hence its section 230 liability shield. That shield does not apply if it practices an extra legal policy of favoring some posters over others, i.e. censorship and "fact checking" both remove section 230 protection. To get this protection they must practice equal policies. They can announce that they are publishers and continue censoring and "fact checking", but that would remove their section 230 protection of their own accord.
  13. 8 points
    Happy New Year to everyone!
  14. 8 points
    Your ahead of me Dan. I'm trying to catch up. Wishing a much better year for all in 2021.
  15. 8 points
    YES!!! This left vs right crap is just to get people fighting so the powers that be can keep cashing in.
  16. 7 points
    Be sort of careful what you say about me. If you had read any of my notes about healthcare you'd know that I have always been an advocate of uniform health care. The system we have in the United States is clearly unsustainable as it now exists. And it has been that way for some time. Now, with more and more people about to come into the country, it will be even more uneven.
  17. 7 points
    I think this is going to blow up in their faces. Every paradigm shift--especially a sea change as massive as switching from fossil fuel to wind, solar, hydrogen--requires a reasonable transition period. During that time, it is traditional to embrace the new while paying homage to the old. Everyone is following the California Plan, which is intent on funneling energy harvested from wind and solar into lithium-ion storage, while at the same time decommissioning perfectly reliable natural gas utility plants. They are, in effect, trying to choke the life out of anything that smacks of fossil fuels while subsidizing renewables. To make a shift like that puts millions of people out of a job, requires untold amounts of rare earth minerals, taking a massive risk with peoples' lives. If the 2021 summer is anything like last year's, California is going to see even more pain and very possibly--at some point--a massive mortality event. For example, California has for years preached clean energy and a "low carbon footprint" while buying electricity from Wyoming on the exchange. That Wyoming electricity comes from the Powder River coal mines--they made the utility plant much larger than the state needed for the sole purpose of selling to . . . California. This last summer, Gov. Newsom frantically called the governor of Wyoming for more juice, only to find that Wyoming needed it for its own use. Same for Nevada. Thus, the rolling brownouts. And this occurred when NG-fired utility plants were actually functioning . . . at least in some places. Mr. Biden shows every inclination of squeezing U.S. fossil fuels out of business. At the same time, he has blocked the Keystone Pipeline, probably forever. The Indian Tribes are threatening to block coal trains that traverse Reservation Land, even though there is a paid right-of-way. If fracking is banned on federal lands, we're going to need that heavy oil from Canada, mixed in with the light sweet shale oil from the Bakken/Williston. The situation that is rapidly building and taking form puts us at the mercy of the Saudis and OPEC . . . not a good place to be. Especially at a time when Mr. Biden calls the KSA a "pariah state." The prince takes things like that personally and he is going to screw us good given half the opportunity. The climate change fabulists say we're looking down the barrel of an existential crisis. I think we will look down the barrel at an existential crisis from a military standpoint if we become energy-insecure: Prince Mohammed bin Salmon has already shown a willingness to sell at a discounted price to China, and that was in the most treacherous throes of the Great Pandemic. I am at the point where I think it's going to take something like an earth-shaking threat to put this back into perspective. I'm not pulling for a catastrophe, but I am aware that they seem to happen when those afflicted are most vulnerable.
  18. 7 points
    Expectable, the same as US hesitated to join WW2 until the Pearl Harbor. France has never been too friendly with America since WW2 started with De Gaulle and Eisenhower had many differences (nuclear, French colonials) and has never been good. They are proud for their Civilized Culture , particularly Parisians ( Lots of story of people from Quebec go to Paris and were suggested to speak English). With the exception of the Gulf War. Take Germany as the other founder of EU: Before the Berlin Wall collapsed, Eastern Germany had anti-Americanism out of ideology and a love-hate relationship with Russia. Merkel speaks Russian fluently. Western Germany didn't really like the US politics either but love US movies and culture and technologies. When my dad got scholarship for a less than engineer degree in Germany (1969), he asked we have high school diploma (at that time if you failed high school or university, the battle field was waiting for you), why should I went to a less than university degree, the West Germany embassy in South Vietnam said: "South Vietnam is a American backyard, so we offered a less degree just for the sack of diplomacy". Later my father worked his way up to an engineering degree (7-8 years-degree). His first homestay was a proud bodyguard of Hitler when my father asked about Hitler. But among scholar, there were a Berlin University's Electrical Engineer professor told my Dad: "I know you the top of Vietnam and that is why you are here. If I was the top of Germany then I would be in the US " After the Berlin Wall collapsed: Germain are proud people. They are ready to pay high Tax to protect EU market away of China and US manufacturing. Unlike US, Germany didn't really outsource much of the manufacturing lines to China. They are nowadays more about Soft power than military power. In 2003, Germany refused to support the American-led invasion of Iraq with is understandable. We have freedom of speech in international level. Trump in 2019 were asking for 150% money of stationary and withdrawn part of the troops, but it is for negotiation and both have the right to comply or not. The modern event that damaged the relationship is the 2013 wiki leak revelations of NSA spying on top German officials, including Merkel for decades. Since there no trust left, it is simply "friends with benefits". And Biden is Obama VP so I doubt he can improve the trust. But they share same goal in Green New Deal and limit US shale oil which means "all you can eat oil" from Russia. Yes political in US is broken, but so is China. The meme of China will be to top super power simply an excuse to ignore all of their misdeeds in both US and EU. At the end of the day, US troops are the one has the most experiences in modern warfare. China wouldn't risk real war with the US if they can tear US apart from the inside with Socialism movement, sparked by Soviet Union since the Cold War. China just picked up the movement in the US and continue. US is the most anti-Socialism built in their culture of individualism. Most other countries aren't, they still think it is achievable with the exception of UK, India, and Israel because these had some taste of socialism in the past. Others may anti-Americanism more than anti-socialism. ----------------------------- US's weakness laid in giving up its individualism values and adapt socialism values , up to the point to have a fast track for illegal immigrants path to citizenship in 8 years. Mind you that many company-sponsoring legal working visa talent wait for more than 8 years to have the Green Card. Good luck with the US welfare and health care system. I don't know about open border plan yet but I cannot see why Dem wouldn't do that. https://www.foxnews.com/politics/biden-immigration-billl-illegal-immigrants-path-to-citizenship China's weakness is in its economy and management. Managing of Company with 1.4 billions people with no trust and lack of delegation to the subordinates because of being afraid of taking responsibility is the problems and careers progress. Traditional problem with dictatorship, no one dare to bring up the bad news or raise an alarm from local to top level. Covid19 in Wuhan is the perfect example, assuming that it was not planned but an accident from the lab. Corruption officers & rich people who would move their assets oversea in the fear of the idea that Xi would nationalized private capital to have the sole control of the economies to manage it more efficiently and consequences of US trade war and Covid19 and the flooding . Since Hongkong path is now closed, the only way to do that now is by bitcoin ( yes I know it is banned in China): $50 billion in cryptocurrency has flowed out of China over the past 12 months https://asiatimes.com/2020/08/billions-in-crypto-flowing-out-of-china/ I suspect bitcoin price goes up because of these movement. If it is because of inflation out of China, then gold price should shoot up as well. China's economy are not transparent or with Wester standard of auditions, along with "national secret". For most of the countries GDP calculated by : GDP = private consumption (demand) + gross investment + government investment + government spending + (exports – imports) For China: GDP = production means for non-export (supply) + gross investment + government investment + government spending + (exports – imports) So GDP in China can be adjusted by the factor value to convert from productions to private consumption and hence make manipulate the growth rate and GDP. Example: In other countries, I built houses and the number of houses I sold will be calculated in the GDP with the price I sold for each, in total. The unsold houses aren't counted yet In China, the houses I built all counted in the GDP sold or not, with the unsold houses value are estimated. In some area you are forbidden to sell the house under a certain threshold because it will affect this kind of calculations. You can leave them empty as the land are usually confiscated cheaply. @0R0 let me know if my example about China's way to calculate GDP is correct, I don't mind my stupidity exposed here . I am interested in China because Vietnam may following exactly the same way to calculate.
  19. 7 points
    Is Biden using Science or is he "cutting off his nose to spite Trump's face"? The man is on the loose already and hasn't even stepped into the WH. Surrounded by National Guard troops, who Senator Cohen from Tennessee believes need to be grilled, in case they're Trump voters, Biden will take his oath of office and swear allegiance to the Constitution of the United States. You know, "We the People"! Apparently that is lost on this guy who is, as we know, not all there and being fed his rules and directives by others around him. To say he believes in Science and will revoke the permit on the XL Pipeline just shows how much he believes in nothing but the talking points of the Paris Climate Accord agreement to take America down the tubes. XL would move 800,000 barrels of crude from Canada, pick up Bakkan crude, move on to there states and pull in their crude and hook up to Cushing and on to the refineries in Texas. They all scream that it is the biggest environmental disaster ever created, but you have to look at the Alaska pipeline and say "well, what about this pipeline"? It carries around 1/2 million barrels of crude across Alaska and has had little impact on the environment.
  20. 7 points
    Socialism will never work in this world: 1 Will have a sustainable source of honest and "for the world" politicians to not use their power for themselves. There is no such a sustainable political system to filter the fake ones out and we need every in power politicians for that. How? From the voters who are imperfect and following the herd themselves? 2 People greed, they want to shine, make more money, have more time to enjoy life, live longer, feeling themselves special, dating, eat tasty food, travelling and more when they have all of that. That is how we have wars, economies, trading systems since ancient time. Productivity, many time because of the hardship of wars, drive industry evolutions. It can be a few greed people can make the system corrupted gradually an turn most of people in that society into greedy. Any Buddhism land fell apart starting with a few. And all of them to trust each other and not afraid of death. I have not seen many people like that but the hermits who go to forest or some very faithful simple life religion practitioner. And it requires the whole world, rich or poor countries share the same philosophy. Otherwise greed will make on stronger and enslave others. Tibet was a great example. 3 The author of the book: Marx, had a good starting point, an elite wife and he had children with her maid too, was no where can compare himself with any hermit. Later on he was in poverty and depended on his uncle, wife, friends ( in the form of royalties ) for a living and retirement (sponsored by Engel). Most of the time he wrote his book was in the tavern while drinking. Of course he hated capitalism and promote socialism, such a hateful life. Extreme capitalism (crony capitalism) or socialism will lead to a majority of poor class working for élite ruling class. Socialism is hand in hand with Crony capitalism, not a cure to Crony Capitalism. Western countries are where we are now because the political system are staying in the middle, for the middle class, individualism. Socialism sounds more like a religion to me, with the promising of Utopia right in this human society. It is cannot from the people who take things for granted, no appreciation of what they have, and don't bother to give away their leisure time to contribute to their country. Human did have socialism system at the time when there were not enough food for anyone to accumulate or trade, no politician, no land owner, no banking. But they were not happy with that and started everything.
  21. 7 points
    I once had an interesting discussion with a psychologist/psychotherapist on this very subject. He made a fascinating observation: "Dependency fosters rage." Although he said it in the context of adult children continuing to take money, gobs of it, from their family members, rather than go out and work for a living, it remains true for societies as well. There is nothing like having a job to focus the mind. Lesson: never create an enabler society. It will lead to ruin. When the Clintonistas and those supposedly bright MBA kids go and dismantle the US factories and ship the jobs to Asia, what they forget is that then you create a society that is ripe for outbreaks of rage. And that is what you are seeing now. And now you know why I refuse to hire those MBA types. They will bring ruin to your enterprise. And your community.
  22. 7 points
    And what a great idea it was! Eisenhower had seen firsthand just how much devastation had been meted out by the war. On their knees in humility and poverty, next to hunger, the UK chose a national health care system. In the bloom of a recovery, the U.S. chose the VA system, which has struggled ever since. Eisenhower also warned about the looming "military-industrial complex," which worried him mightily. He was right on both counts: we monetized both war and medicine. Mr. Van Eck is a student of history, Rasmus. Humanitarian, yes. Socialist, no. As a humanitarian you create jobs and build dignity. As a socialist you redistribute wealth willy-nilly and create resentment.
  23. 7 points
    I predict Jack Ma will become a refugee soon enough, and will flee for Singapore or some other more hospitable location. His business, which is electronic, may not survive, as the CCP will confiscate it or most of it. Either way, a pleasant retirement in the West sure beats a firing squad or lifetime imprisonment out in those Tibet concentration camps, already holding millions. There is a time to hold 'em, and a time to fold 'em. And for Jack Ma, it is time to fold. China is, at best, a precarious place to go do business.
  24. 7 points
    I have maintained, and continue to do so, that there is a certain lunatic fringe on both sides. People who are, for all purposes of classification, mentally ill. I have no way of knowing but I would surmise that if you throughly analyzed every single person violently protesting--doing something where you have to break down the door, push and shove, or otherwise introduce mayhem--fully half of them would be acutely (PTSD, acute psychotic break) or chronically (schizophrenic, bipolar) mentally ill. The others probably feel disenfranchised, as if they have nothing to lose. Why not just "patriots" out to make a point? Because most of the people who voted either for Biden or Trump are patriots. To go somewhere to "do violence" over a dead-end political cause means that you are unstable. For example, as Bill Mayer said, those 5,000 people who stormed the Capitol--the diehard Trumpists--aren't the same as the 74 million regular Americans who voted for Trump. I can get worked up enough by network news to write a shitty little article posting my grievances to anyone who bothers to read it, but that doesn't mean I am willing to throw away my life, my respectability, my reputation, much less do ten to twenty. Many of the people involved in this sick parody at the Capitol were mentally ill. And that's a damn shame . . . and it's on us . . . allowing our most vulnerable to go untreated, ruin their lives further. But it's also on our president, for using incendiary language that rang true to those poor creatures running amok. He should have known better but he didn't. To me, the fact that he didn't means he is inadequate to serve as president and should be summarily removed by the 25th Amendment. To not do that makes the Republican Party--every single damn one of us--complicit in some small way. Today I see no MAGA hats over angry faces. Today I see sadness and anguish, everywhere I look. Today I'm looking within also, because I voted for him twice. Today I am writing a letter requesting that I be removed from the Republican Party rolls. Will the Republican Party--the party of Pence, McConnell, Graham and the others--survive and even flourish? Maybe, who knows. All I know is that I no longer wish to be affiliated with any party--or president--that can't admit wrong when it happens, and can't bring themselves to do the right thing without first looking at a Gallop Poll. There! I'm done. I can't stand the stench of all these people trying to pretend that nothing happened, that mentally unsound folks didn't violate the Constitution, that we actually have a person of integrity inside the Oval Office. I'm not trying to make a political statement here that rings any farther than my own ears. I just needed to write it down in a relatively hostile environment so that I could reassure myself that I haven't sold out. Thanks for reading.
  25. 7 points
    Probably not. First, if by "wrongdoing" you mean that the voting machines themselves are not "clean," then No, because I personally am of the opinion that the machines are factually clean. If it turns out that the software has been infiltrated by outsiders (hackers, malware), then the legal issue would be if the manufacturer is liable for the acts of criminals that raided the machines, or if that falls on the shoulders of the purchaser/lessee. That would be a narrow legal issue in US law. It would turn on whether or not the manufacturer, who sits up in Toronto, "knew, ought to have known, or could reasonably have foreseen" that criminal hackers from say Russia could penetrate their software if the machines were connected to the internet. I predict that this case will revolve on the narrow issue of inherent design defects in the machine that would inexorably lead to a defective vote tally. I doubt that such defects exist. Dominion is not a new player in the automated vote machine business; their products have been extensively used in Canada (where they hold a practical monopoly on the business). I predict the lawyers outside will limit the inquiry by what is known as a "motion in limine," where other matters cannot be inquired of and cannot be brought before the Court at trial. All that assumes that the matter goes to a trial. If there is insurance, I predict the insurers will be loathe to see this in some big trial, and loathe to spend the legal fees on defending the indefensible. So they will settle, and that will likely be for the face value of the policy of insurance. For any excess, Miss Powell is on her own, but since she is such a total lunatic it is more likely that Dominion will walk away from her rather than spend good money chasing after her. Plus, under US law she has the ability to shelter under the Bankruptcy Code, which is set up to favour debtors. A Judgment would be an unsecured non-priority debt and would be at the bottom of the totem pole, way below her home mortgage and car payments. Powell would lose her credit cards, those are also unsecureds, so CitiBank will be pissed (and stiffed), but they take those hits all day long and it is built into their business model. The more likely result is that the insurers pay out the policy limits within the next two months and walk away, and everybody walks away from Mrs. Powell. Assuming she is married, her husband will walk away, also. He is not going to stick around to pay those bills! Time for me to get back to development of my manure machine. More prosaic, to be sure, but also immensely more profitable. Gotta go join that billionaire's club. Cheers.
  26. 7 points
    Gerry, I agree with you, nobody won yesterday and none of us should rejoice over it. This is a sad day for all Americans, whatever political option they belong to, and it will take a long time for this country to recover with joint action of all of us. Your calmness that abounds in your posts and the way you express your opinion are very rare in this forum and you shouldn't leave. I invite you to stay and continue to share with us your grains of wisdom as you have done so far. This is an energy forum and I'm sure you have a lot more to say, not only about elections, but also about energy, especially oil and gas.
  27. 7 points
    ^ I really didn't mind when I learned that you were a Democrat plant sent to cheer on socialism, but to now be quoting Romney--well, that's beyond the pale. Romney can take either side of any political argument: he has the beliefs and conviction of a schizophrenic chameleon. I think your party is entitled to a victory lap. Take it. However, as a group you might ponder what you have brought about. If for example you think that Mr. Biden is mentally and cognitively fit to stand up to Xi or Putin, you're deluding yourselves. He is 78, one-dimensional, no longer capable of holding the context of a sentence, much less think in the complex layers required for international chess. And Ms. Harris, destined to become the president sooner rather than later, is simply California on steroids--she received most of her training from the slippery Willie Brown, under the covers from what I've read. You say that you've been in the oil and gas industry for forty years, and I'll accept that as truth. You must surely have been clever enough to divest of any significant holdings because there is now no deterrent to Mr. Biden's repeated threat to ban fracking on federal lands on his first day in office. About 50% of the Delaware Basin is on federal lands. Mr. Biden chose Deb Haaland as his Secretary of Interior, who has--despite her state receiving about a billion each year from shale oil--railed against fracking in the "land of my ancestors," even though she was born in Arizona, not NM. Ms. Harris is even worse, saying that she'd ban fracking on all lands. I see Occidental up big today. I suppose it hasn't dawned on all those Robin Hood folks that Occidental's life in in the Delaware. In the general context of things, what do you think it will do to this country to lose its energy-independence? I happen to think it's huge. I believe China to be a growing threat, and Russia too. If they decide to ban together, which they certainly show signs of doing, then that's truly a threat to our existence. Let me ask you, do you see a tough-guy Joe Biden standing up to those two? Directing a war? Using $200 oil bought from the Saudis, unless they decide on an embargo? You've got to be a pretty rare bird, Jeffrey, a hard-core socialistic Democrat who has "been in the oil and gas industry for forty years." In fact, I'll mark you down as the only Democrat oil & gas guy I know--sort of. I am beginning to harbor a nascent thought that you're not who you say you are, but Selva has warned us about character assassinations so I'll just keep that to myself. But let's be sure to stay in touch: I am eager to see how this goes when Mr. Biden goes off halfcocked and Ms. Harris cackles that little haven't-a-clue laugh of hers. It's one thing to win. It's quite another to do anything meaningful for mankind.
  28. 7 points
    Yes, I think you're right, but that doesn't make it a blue-ribbon-winner. Right now, you and I are saddled with a thoroughly demented president-elect with a socialistic vice-president who plagiarized a passage from Martin Luther King. How does that make you feel, Jeffrey? Like dancing in the streets? For God's sake, man, can't you see that we're in trouble. No? Well, let me ask you a question, are you on here because you have an interest in oil and gas or are you on here in order to pay succor to a large ideal? If you're on here because of oil and gas, well, you've just seen the end of American energy-independence. Providing you're an American--which I am beginning to question--how does that make you feel? Do you, in your heart of hearts, feel that green energy can replace fossil fuels within the next few days? Or months? What do you think it's going to feel like to a guy like me to lose his life's work? Ponder that before you make your next hee-hees. Okay?
  29. 7 points
    I find it ironic as hell that we have Canadians, presumably in the oil and gas business, who have witnessed utter destruction of their industry at home, eager to denounce us for defending our industry from the likes that ruined theirs! This is just too, too rich! And to top it off, suggesting that you admire American spunk and aggression, our ability to throw caution to the wind and just by God go for it, but wonder in the same breath why we as a civilized nation won't just accept some jacked-with election data . . . well, that just leaves me flabbergasted. As a student of America, a professed admirer, you seem to understand us so poorly. We are fiercely proud of our nation but realize that we have to be constantly vigilant against forces of evil, which we consider to be, foremost, socialism. We are a charitable nation, willing to open our coffers to those who have experienced grief and misery through no fault of their own, but we're very opposed to having government take more and more in taxes and perform less and less with the money. We walk in harmony with a full realization that within any crowd of patriots are those who would do us harm. There is nothing new about dishonest elections. The United States Constitution was constructed with just that in mind. That's the reason Madison and others spent so much time on the "Electoral Clause" and then, some time later, in painstakingly writing out the 12th amendment. We became a nation in the midst of war and tribulation, at a time when both Great Britain and France had more than a little interest in choosing our leaders. We have experienced contaminated elections in the past. Having a rigged election, you see, is no great embarrassment to us, but failing to investigate a potentially rigged election certainly is. The fact that there are those of us willing to stand up and shout and argue and cry foul is exactly and precisely what has made the United States of America the greatest country in the world, bar none. In truth, most of us don't know for sure just what the hell went on in those states using voting machines. Why not? Because the Secretary of State, the governor, the voting commission, the judges have all refused exacting forensic examinations, and when they were done in part, the evidence--or lack of same--wasn't allowed in court. Even our Supreme Court, the ultimate stress test for truth and veracity and honor and everything we hold dear, refused to look at the data. That is damning stuff to say about one's own country, especially if one is a patriot and lauds the tenets of the Constitution and believes in this country. But that's just the way it is. We didn't get this way overnight: for eight years, in an effort to put the Civil War behind us once and for all, we not only welcomed an African-American as president but damn near treated him as the second coming. Well, under his watch the divide grew, in large measure because during those eight years black unemployment, drug use, death by overdose, poverty and access to health care grew worse, not better. The Democrats wanted more of the same, not less. Canadians, my fellow friends, please don't presume to tell us what is wrong with our government and our country. Trust me, we know. And don't presume to come onto this forum--a place ostensibly where oil and gas people come to share ideas about how to survive an onslaught like no other--and lecture us about just how goddamn fair this election was. We don't know that and neither do you because no one was allowed to analyze the election in detail. All we know is that there were an awful lot of irregularities, and complaints, and statistical improbabilities. If you truly admire our way of life down here, are positively amazed at our spunk and determination, then give us a little wiggle room. At a time when the Democrats were burning our cities, toppling our statues, cursing the police, I didn't read a single Canadian comment about how atrocious that was, or a simple kindness of asking how you might help. But now, all of a sudden, it would appear that you've become master election sleuths, quick with a put-down of an actual American who might have an issue with the way this was done. We're fighting for what we believe is right, which is a detailed, no doubts about it, election inquiry. I've personally spent quite a few words trying my best to understand what you're upset about. And yet you just keep on coming, after blood, making inane comments about things you know very little about. I am at the point where I have just two more words for you: piss off.
  30. 7 points
    ^^^^^ The United States of America has to run this experiment. I don't understand why, and I don't think most people on this forum do, but the country--at this particular time, coming off a presidency with this particular man, in this chaotic time--simply wants to run this experiment. I'm like every other patriot: I want the best for my country. So that means I should cheer for this incoming president, no matter how many reservations i hold. And therein lies the rub. Joe Biden is quite obviously a shadow of his former self. He's 78. Go back a couple of decades and watch tape of a very aggressive, gregarious Joe Biden to see what involution does to the human body. Sure, he has gone through two (open skull) operations to tie off Berry aneurysms not far from the Circle of Willis (the main blood supply at the base of the brain), and that destroys some white matter (the telegraph lines) as well as some grey matter (the telegraph keys), but his neurosurgeon has reassured the world that this resulted in no harm and that Mr. Biden had held his own in terms of mental acuity. Well, that's just flat wrong--and if he were to undergo a functional MRI the results compared to normal would scare the liver out of us. The damage, along with the vicissitudes of longevity, has taken its toll. Never before did he have to close his eyes and grimace to come up with a word. Never before did he lose his temper so easily. Never in the past would he have chosen as VP a woman who basically accused him of racism on the Democrat Primary stage. As a Scranton product, coming from a coal-mining engineer family, never before would he have vowed to end fracking on government lands. I wandered onto this forum not as an electric car fan, or a solar or wind guy, or even a lithium battery fan, but as an aging gentleman myself, interested lifelong in oil and gas, with special emphasis on environmentally-friendly production and usage. As such, it is very hard for me to become enamored with these new alternative sources of electricity and locomotion . . . but I'm making an effort. What bothers me about Mr. Biden isn't the fact that he is willing to invest beaucoup bucks in green energy, but that he vowed to throw U.S. energy-independence under the bus in order to become elected by the new left-leaning Democrat base. Oil and gas brought man out of the caves and provided for almost every product that is commonly used in modern society. Oil and gas won the Second War for the Allied Expeditionary Forces. The clearcut Achilles Heel of any military is oil and gas--even today (just ask Xi). There is no way to simultaneously destroy the current energy source abruptly and make a transition using a green new energy source that is not yet ready to take up the lead. In other words, smooth transition is the key. California is decommissioning its NG utility plants, whilst putting the complete confidence and burden on lithium battery dumps--I hope they get by with it but I doubt it. Mr. Biden chose Deb Haaland as his Sec. of Interior. He is going to get a little honeymoon from Congress and my bet is that she will be confirmed. She is a staunch opponent of fossil fuels and has said many times that she would ban all fracking. JoMack's post above is quite correct: Mr. Biden made one of his "famous gaffes" (as the MSM now calls them) and said that "President-Elect Harris took the vaccine today." Quite obviously, Ms. Harris will become president in short order (about when Mr. Biden hits 80?), and at that time we'll have a president who is on record as opposing all fracking and a BLM (the body that lets the leases) answering to an Interior Secretary who is also opposed to all fracking. Offshore is coming back but in reality America's energy-independence came from the much-hated shale oil and gas drilling/fracking endeavor. To give that up is madness. To come onto this forum and cheer for that to happen is to endorse madness. As I said, I'm willing to listen and learn, and even to get put down occasionally, but to destroy energy-independence by throwing trillions of dollars at a nascent industry, and by encouraging Wall Street to cut off lending to American oil and gas companies, is a dangerous tactic. Yet it would appear that America wants to run that experiment, no matter what the collateral damage--all under this (silly) notion called climate crisis. Right now, with the Fed running a $7.2T balance sheet and with interest rates at zero, an S&P earnings yield of about $120 (as opposed to the $180-190 that was expected pre-pandemic), and with the Fed and the ECB central banks throwing $300Billion into bond purchases each MONTH, an EV/solar/wind/battery stock market that has quadrupled in the last year, we are being set up for some bad juice. As many have pointed out--some quite adroitly--China is ascending, mainly by virtue of averting prolonged shutdowns and introducing digital yuan as their currency--even talking of hooking it to Bretton Woods style gold standard to backstop it. Iran is rising too. Saudi Arabia is running scared, and for good reason. In a world turned upside down by a hysterical money-printing press that runs equities to the moon, and threats of military conflict in the S. China Sea as well as the Arabian Peninsula, energy-independence is paramount. I'll pray for the new president(s), but I'm pretty sure this is going to end badly. The good news is that the Constitution was constructed with just this sort of situation. It worked during the last Reagan year in office: Jim Baker and Don Meese and George Herbert Walker Bush and several others basically ran the government by fiat and a waning Mr. Reagan encouraged it. In the excellent book, The President's Club, it is described just how close they were to invoking Article 25--the removal of a president because of a mental disability, said article requiring all Cabinet members as well as the Vice President to be invoked. They managed to avoid it. This time around, my bet is that Mr. Biden has already assured the Democrat power-holders that he will step down at some loosely-designated time, allowing Ms. Harris to assume the mantle. When I read these often childish, gleeful posts of some of our leftists friends--presumably from around the world--I find myself doubting that they have thought this one through. Sure, it's alright to want change, and it's alright to rub the losing teams' noses in the results of the contest, but what kind of world are we going to live in, with President K. Harris, Sec. of Interior Deb Haaland, an emboldened left possibly with AOC as Speaker of the House? I predict that it will cause such chaos and shambles that we look back at the last four years as the good ole days.
  31. 7 points
    Yes, happy new year. And thanks to all on this forum who have challenged me and made me think. For the most part, despite all the differences, it is an awe-inspiring thing to connect within a minute to all you gentlemen around the world and learn fresh perspectives. When you think about it, this is really a special treat. My father had a special saying, "Everyone is doing the best he can." I've come to appreciate it more, with time, and believe it more too. Cheers, all, and may the new year bring us all hope and salve for the soul!
  32. 7 points
    Happy New Year all! I will be spending mine in a hotel in Carlsbad, but XTO started back frac jobs after the Christmas break. Just glad to be out here working, wishing you all good health, good fortune and a better year for our industry
  33. 7 points
    If you take 100 red ants and put them in a jar with 100 black ants, they'll just chill together. But if you violently shake the jar, they'll all start killing each other. What made them do that wasn't black versus red, their enemy was the one shaking the jar. Who is shaking our jar? There's your enemy right there
  34. 7 points
    Turned midnight, and 2021, about a half hour ago here in the Kingdom of Thailand. Happy New Year ALL!
  35. 6 points
    Nothing. He's probably taking his nap. They are testing Joe. NO PUBLIC STATEMENT DIRECTLY FROM THE PRESIDENT IS A SIGN OF WEAKNESS China owns Joe Biden (and McConnell, Pelosi, Feinstein, Swalwell) https://www.breitbart.com/news/us-reaffirms-taiwan-support-after-china-sends-warplanes/ Hopefully Dr. Jill Biden (Shadow President) will condemn Chinese provocations . This can't go unanswered The Chinese will occasionally send planes thru Taiwan airspace. But it is always one, sometimes two reconnaissance planes. * They sent 15 planes Sunday including . . . . A total of six J-10 fighters, four J-16s, two SU-30s, one Y-8 reconnaissance aircraft and two Y-8 anti-submarine aircraft, were sent by China, the ministry said in a statement * And 12 planes on Saturday including . . . It follows China sending eight nuclear-capable bombers and four fighter jets into the same airspace on Saturday. The world has become much more dangerous this week. U.S. adversaries can smell Joe's weakness. Joe probably thought the Taiwan fly-by was the Chinese congratulating him for a successful campaign. Funny, Hunter wasn't in the family photo at the Lincoln Memorial taken last week during inauguration ceremonies. Where's Hunter ?
  36. 6 points
    Don't like minorities imprisoned (Uighers) Don't like they use slave labor Don't like stealing technology Don't like predatory pricing and dumping. Don't like their threats of war. Don't like infanticide Don't like stomping on free speech in Hong Kong. Don't like buying off countries and politicians including half the U.S. Legislature (McConnell, Feinstein, Pelosi, Biden, etc, etc) Don't like their flaunting WTO rules and regulations.
  37. 6 points
    The Biden administration seems to be on the road to a total failure. Our mainstream news is more interested in obfuscating what is going on than revealing any disturbing news that would harm the leftists.
  38. 6 points
    All the above. Plus most companies can't fail. Free money to keep the system afloat. At the tax payers expense. So poorly run companies essentially are always the biggest winner as they receive the most help and their bottom line is changed the most. I had a list of companies on the edge of bankruptcy in a watch list now they get 30M in 0% loans 90% building rent covered and 65% of wages and can layoff as many as they want (plus their service companies can get the same thing and lower prices).... but their day will come (not that I'm rooting for it but its not fair for overpaid big wigs + lying companies [over promis under deliver] to be aided while profitable companies and their shareholders not be rewarded fairly by hard earned interest via fair competition + outperformance)
  39. 6 points
    The Communists are busting the Taiwan ADIZ routinely, the idea being to wear down the resistance until the Taiwanese give up. Each incursion causes the Taiwan Air Force to go scramble several jets, and that wears out the machinery, and is costly to Taiwan. Since the mythical "border" in the Taiwan Straits is quite close to the Mainland shore, not down the centerline, busting that ADIZ border is easy enough to do. The Taiwanese insist on responding to show China that they are not intimidated. But all it does is grind up the aircraft - plus giving the Communists exact data on response times, which is handy in the event of actual invasion. The US could, if it wanted to, station a carrier group in the Strait, and park 500 Abrams M1A2 heavy tanks over there, plus some 50,000 troops, but since the USA is disengaging with Asia, I don't see it happening. China is not going to invade the place any more than it would invade Hong Kong, it would lead to being shut out of Western markets. Trying to sell their vast output capacity to say Pakistan gets old fast. They need those markets in the West. So, annoying the Taiwan govt and letting it collapse is their strategy.
  40. 6 points
    1. Immediately gotten the Keystone Pipeline built out so we could use heavy crude from Canada to mix with our light, sweet crude from the shale fields, picking up Bakken oil on the way to the Gulf. 2. Stopped doing business with the KSA. 3. Enforced TRRC and NDIC and Oklahoma Corporation Commission rulings on venting (24 hours) and flaring (10days) natural gas. 4. Provide a subsidy to old refineries to upgrade to be able to use pure light, sweet shale oil. 5. Do a serious deal with President Xi, to provide him with LNG and crude oil: five year contract, fixed price. In return he stops using coal-fired utility plants to charge EV's with electricity. 6. Make a serious deal with Mexico to supply them with NG. 7. Would NOT subsidize renewables: if they're good enough, they'll stand on their own two feet.
  41. 6 points
    Intended merely as shorthand for "populism" in the context of politics. While it is certainly true that Argentinean politics has included a vst cornucopia of policy decisions (such as you cite), the underlying thematic component is that they are based on a political ideology of populism, where a nativist approach to the country and its relations with its neighbors is the predominant feature. Juan Peron tapped into the feelings of powerlessness of the ordinary people, just as did Mr. Trump. Mr. Peron brought in economic policies that superficially would advance the lot of the poorer and the effectively disenfranchised at the expense of the (richer) political and economic class. He did this with all kinds of policy instruments, including borrowing heavily in the US-dollar bond market, and when the Argentine peso collapsed, he repudiated that debt. Argentina has done that a number of times. Moving past the above shorthand, it does open up the interesting question as to how the USA is now going to "repay" its vast debts, which incidentally the Federal reserve keeps manageable by simply driving the Fed discount rate to effectively zero (some countries in Europe have actually gone to a negative rate, where you pay money for them to take it from you. An interesting concept.). Arguments are made that the Fed can do this indefinitely, effectively with the Treasury never repaying the principal, and allowing it to slowly inflate away. For current holders of T-bills, such as the Chinese, that has been a lousy investment, returning less than 2% annually. I anticipate it will have to go to a negative rate, there are now just too many trillions out there. Meredith Poor has raised these questions in another thread on this Forum. Historical note: Back in the GWBush days, a fellow who was the CEO of ALCOA Aluminum was brought in as Treasury Secretary. Highly competent, he first did a "net present value" analysis of the US Government, an accounting mechanism wherein all future revenues, and all future debts, are brought back to current values. He found that the US was totally, utterly bankrupt. He brought the analysis to George Bush and Dick Cheney, and Cheney dismissed it with the flippant comment "Deficits don't matter. Who cares?" Cheney then sent a memo to the Treasury Secretary saying he was fired. The Secretary packed his bags that night and took the Amtrak back to Pittsburgh, without saying goodbye. So much for attracting bright guys into the Administration.
  42. 6 points
    There is not going to be anything "quiet" about a settlement in this case!
  43. 6 points
    I remember why I quit coming to this website regularly. Oil and gas issues, even coal and renewable, are tertiary. And I am a political atheist, perhaps agnostic is the better word. I've never seen a CEO of a large company really be able to control the minions in the way folks here seem to believe govts and political parties control things. Years ago when I was running a couple of my own small companies one thing that struck me, the control I craved and drove me to owning decisions was a drug that could never be satiated. The closest thing there is to high level control is the influencing the flow of capital. Anyone who thinks Trump was the man to grab that bull by the horns ignored his history of making enemies and moving on to the next gullible creditor. His rhetoric was appealing, the reality appalling. It's not dems/reps taking down Facebook/Twitter access, or Qnon, it's perceived economic impact to private money. That is capitalism with massive oligarch influence yanking the strings. Oligarchs were happy for the tax policies, but the erratic populism became too high a cost. Even Koch has stated regretting funding so much of what put Trump in place. When Trump bit those kind of hands, the food supply was always going to be cut off.
  44. 6 points
    "IF" being the key word. Over the last 8 continuous years I have lived in Thailand, the Mekong has been both over-restricted and over-flowed based solely on China's needs and a couple of times due to the politics of the CCP, once Cambodia going against the CCP's wishes and once the region as a whole not showing support for the CCP's greater plans. They made their point. Governments of this region have acquiesced quite literally and completely and go along with the CCP or remain absolutely silent when they may disagree. Some might call that type of water management war-like. The previous King here made water management a top country-wide priority; now, not so much. That means that water infrastructure has suffered and deteriorated without annual management. That is not the CCP's problem per sei, but when you combine the two factors it is disastrous for the country's agriculture. It is so bad at this point that we can have flooding followed only 6 weeks later by drought, and vice versa. The Mekong feeds Thailand's rice bowl, and when it is out of kilter the entire nation suffers. At this point, we are not sure what the reason is each time it happens, but the vicious cycle is now a regular occurrence.
  45. 6 points
    I'm afraid I have to agree, @Gerry Maddoux. Trump is done. Winner takes all, at least for the foreseeable future. Politics is a team effort and the Left has proven themselves the better on the field. I wish you well.
  46. 6 points
    As Powell indicated, she has had many criminal convictions with far less evidence than presented in her filings. Evidence she would have normally had plenty of time to collect AFTER initiation of court proceedings. The complete picture is not usually available in a civil proceeding until discovery and subpoenas are gone through to obtain the rest of the evidence, but instead of allowing discovery, any possible straw of an excuse was used to avoid a public record of the evidence as having survived challenge in court. The judicial system was acting as if the claims were not worthy, while all precedent said otherwise, as Alito and Thomas said in the TX case, the court did not have the choice of dismissal. THAT was not a historically precedented decision and is super highly suspect, as the circumstances around it smack of malpractice and malice. Go on believing you have facts before you, it will keep you blind to the future and ridden with unanswered questions.
  47. 6 points
    For the record, put as nicely as I can, I have no conspiracy theories whatsoever. I have stated--like a broken record--that compilations of votes in several key states are no volatile and abrupt that they beg reasonable explanation. The American people deserve an unequivocal accounting of those incongruities. I object very strongly to being categorized as a "sore loser." I'm not. I merely think we can't go forward as a country in which a large percentage of Americans are pretty sure the election wasn't fair. Not only that but any duly-elected president needs to do something--and he can't if lots of people think he stole the election. Please try to understand: wanting an in-depth analysis of the election should not be confused with accusation. If the thing is analyzed and it turns out that the election was fair and honest, I'll be the first to accept the results. Right now, however, I am opposed to pushing this under the rug and acting like all is okay, because it's not. This is similar in scope and depth to the Iran-Contra Affair. It warrants a thorough look. To be denied that look makes the suspicious even more suspicious. And so it goes.
  48. 6 points
    Ah, I see that the irony of our increasingly vituperative discourse has escaped you once again: You're yet another Canadian oil & gas "investor" who sat by, in a sipping and knitting group, whilst a socialist government pilloried your whole industry, but now you're a bonafide expert on lecturing Americans--with that wampum of spunk that you so admire--to bend over for an incoming socialist-leaning government with an avowed intent of banning fracking, thereby running a sword into the gut of every American in shale oil or gas. I'm not merely an investor: it is my livelihood; I've put a lot into it; it puts food on my table. That's what I call skin in the game. So don't deign to lecture me. You have now--at once--become too arrogant and wrong-headed to even respond to, but still I'm going to try. Certainly you're right on one point: they have made this a place where a person, no matter where he is from or how he feels, can take aim at whatever or whomever. And that has probably breathed new air into us all from time to time. Certainly it gets our dander up. For the record, despite the suggestion that I might be losing my cognitive skills, yes, I do believe the courts could be so deranged and skewed that they would overlook voter fraud. I am a lifelong Republican and I watched--during my hardworking years--as the Deep State infiltrated our government as our Congress went all to hell. Donald Trump wasn't put into office by cadging the nefarious nuances of the voting machines or using any other chicanery. He put himself in office by sheer will and cunning, by reading the mood of the working class and pointing out that he would work for them, and for the industries they labored in. And then he set about to drain the swamp, which was green with slime and long overdue for a change. That offended the hell out of bureaucrats who made a very tidy living off the government store. They got angry. Donald Trump also offended paint-by-the-numbers Americans who had grown fond of the president who'd been raised by a Kenyan Muslim and thereby felt he had to bow to Islamic leaders, no matter if they hated America. That was bad enough but when Trump insulted a German chancellor who had made the grievous mistake of allowing her country to become overrun with Islamic extremists, not to mention poking fun at poor Trudeau, who can't seem to fart without asking permission, well gosh, he just flat begged for eviction, didn't he? So yes, I plead guilty to thinking the damn election was rigged, and that the courts, Dick Cheney, Mitt Romney, Mitch McConnell and a host of other half-assed Americans simply want Trump out, no matter how that has to be done--after all it's in the interest of the greater good of the country. While we're at it, I also think SCOTUS Chief Justice John Roberts may well be as compromised as Lin Wood suggests daily. And I believe that if we allow this election to stand without being analyzed with a colonoscope up every ballot box's butt we've allowed ourselves to turn into . . . Canada. May God forbid.
  49. 6 points
    Gotta say these guys proclaiming everything is ok fine is just as annoying as other westerners saying everything is total crap in China. I've stayed for months-long periods in the Philippines and it still doesn't give me any real "feel" for how the internal life-vision is for average Filipinos other than most are very friendly, always armed, tragically poor and really like Karaoke. I will never have the same world view/perspective, I can only create my own mental approximation. These guys talk to a few people and ask a couple questions (where the context may be totally mis-understood) get some cheap drinks and then pass judgement thinking they can see and understand the same contextual reality. Nothing's changed with the British.
  50. 6 points
    So, you would have possibly been just fine with Nazi Germany becoming the world hegemon. The Chinese and Soviet dictatorships have killed far more people than Germany did. China, Russia, Japan, etc. Have killed far more political opponents than Germany ever did. China is the champion murderer of civilians. They are also racists, having subdued Tibet, Azerbijan, Mongolia, and Manchuria. After subjection they then move in millions of Han Chinese. If Russia didn't have nukes most of it would likely now be part of China. There is little difference between the fascism of Hitler and the fascism of China or Russia. Sure it is called socialism and communism but both are really fascist. The government controls the large corporations but do not run them themselves. Both China and Russia tried communism but gave up on it. Venezuela, Cuba, and North Korea are still stupid enough to continue with the experiment. Continuing trade with China while they continuing to oppress and enslave a large portion of their own people is an alliance with evil. We should be diversifying our trade partners and we should let our politicians know they must quit taking direct and indirect bribes from them.