Tag Archives: Billion

Production of oil, gas and coal on federal lands sinks to 9-year low

Obama claims that production of oil, gas and coal is up since he took office. It’s true that areas under state control are producing more, but what about energy production on federal lands? That’s the part of the country that Obama is responsible for.

Let’s see what two recent studies from the Energy Information Administration and the Institute for Energy Research found.

Excerpt:

The updated EIA report revealed a 12 percent decline in production for coal, oil, and natural gas on federal and Indian lands from fiscal 2003 through fiscal 2011.

During this same period, production on state and private lands has increased, boosting overall production numbers for the United States. That’s a point even President Obama will acknowledge: “Under my Administration, domestic oil and natural gas production is up,” he said upon announcing his rejection of the Keystone XL pipeline.

Obama is correct. He just can’t rightfully claim the credit, since the vast majority of America’s new oil and gas production is happening on private lands in states like North Dakota, Alaska and Texas.

The administration, meanwhile, has also taken several steps to limit production…

  • Withdrew areas offered for 77 oil and gas leases in Utah that could cost American taxpayers millions in lost lease bids, production royalties, new jobs and the energy needed to offset rising imports of oil and natural gas.
  • Cancelled lease sales in the Western Gulf of Mexico, the Atlantic coast and delayed exploration off the coast of Alaska and kept other resource-rich areas off-limits.
  • Finalized rules, first announced by Secretary Salazar on January 6, 2010, to establish more government hurdles to onshore oil and natural gas production on federal lands.
  • Withdrew 61 oil and natural gas leases in Montana as part of a lawsuit settlement over climate change.

“The big picture is clear that government policies undertaken by the Obama administration have produced a significant decline in offshore oil production on federal lands in fiscal year 2011,” the Institute for Energy Research said in response to last week’s updated EIA analysis. “That is certainly not a way to increase domestic production of oil and keep oil and thus gasoline prices in check.”

While it was waiting for EIA to update its numbers, the Institute for Energy Research conducted its own analysis of Department of Interior data in February. It came to the same conclusion: “Production on federal lands is down, while production on state and private lands is up.”

That’s the real story behind Obama’s claims about higher energy production. He’s doing his best to block energy production in the areas under his control. His energy plan is Solyndra, Solyndra, Solyndra – paying off his rich Democrat buddies with taxpayer money.

Canada’s state run broadcaster fights back against probe of finances

From the Toronto Sun. (H/T Andrew)

Excerpt:

The CBC — the mega-corporation that is demanding yet another $1.1-billion bailout from taxpayers this year, just like it demanded a $1.1-billion bailout from us last year — is panicking.

For weeks it’s been sweating about a parliamentary investigation into its bad behaviour, including its violation of the Access to Information law. That’s an important law to allow taxpayers to scrutinize how government agencies spend our money.

The non-partisan information commissioner has given the CBC a grade of “F” for its secrecy — but it still violates her order for it to disclose the truth. It’s spending millions in legal expenses to hide how it’s spending billions in other expenses.

This bad behaviour was coming to a head last week when Parliament was going to turn over some rocks and see what was going to go scurrying.

And so it panicked.

On the eve of the Parliamentary inquiry, it used part of its $1.1 billion — money that is supposed to go to journalism — to launch a crazy, personal attack on the president of Quebecor and QMI Agency, Pierre Karl Peladeau, one of Canada’s most successful private-sector media entrepreneurs.

Unlike the CBC, Peladeau built his company honestly and with his own efforts. He took a newspaper company started by his father, Pierre Peladeau, and turned it into Quebec’s most successful media company, Quebecor — and then joined with English-Canada’s biggest newspaper company, Sun Media Corp. And then he built the Sun News Network.

All without a billion-dollar-a-year bailout.

And so last week, the night before Peladeau’s testimony to Parliament, the CBC freaked out.

In an unprecedented move, it issued what can only be called an attack ad against Peladeau. It wasn’t a news story. It was a false and defamatory attack on our company, as vengeance for our questions about how the CBC spends taxpayer money.

If any other government department had done something like this, whoever responsible would be fired immediately. It wasn’t just unprofessional. It wasn’t just outside of its mandate of what it is given its government money for. It was an attempt to destroy a private-sector competitor.

Why is this interesting? Because it shows what happens when the government oversteps its bounds and starts to compete with the private sector in areas that are totally unrelated to its enumerated powers and specific responsibilities. Not only will you find corruption in nationalized corporations, but massive waste as well. Private sector companies face competitive pressures that government monopolies do not face. That forces them to root out corruption and waste, because there is always the firm next door looking to serve the customer better – with higher quality and at a lower cost.

We need to be very careful about handing money to people in government who simply don’t care as much about the needs of their customers. Do you think that the CBC could ever favor tax cuts or spending cuts or even more choices for taxpayers? Of course not. They have to tell people whatever causes them to vote for bigger government, because that’s where their money comes from.

Greek men deprived of provider role commit suicide in record numbers

From the Wall Street Journal, a reminder that recessions hit men the hardest. (H/T Tom)

Excerpt:

]Gross domestic product in the second quarter was down more than 7% from a year before, amid government spending cuts and tax increases that, combined, will add up to about 20% of GDP. Unemployment is over 16%. Crime, homelessness, emigration and personal bankruptcies are on the rise.The most dramatic sign of Greece’s pain, however, is a surge in suicides.

Recorded suicides have roughly doubled since before the crisis to about six per 100,000 residents annually, according to the Greek health ministry and a charitable organization called Klimaka.

[…]Suicide has also risen in much of the rest of Europe since the financial crisis began, according to a recent study published in the British medical journal The Lancet, which said Greece is among the hardest hit.Suicide has also risen in much of the rest of Europe since the financial crisis began, according to a recent study published in the British medical journal The Lancet, which said Greece is among the hardest hit.

[…]A suicide help line at Klimaka, the charitable group, used to get four to 10 calls a day, but “now there are days when we have up to 100,” says a psychologist there, Aris Violatzis.

The caller often fits a certain profile: male, age 35 to 60 and financially ruined. “He has also lost his core identity as a husband and provider, and he cannot be a man any more according to our cultural standards,” Mr. Violatzis says.

Heraklion, commercial center of the island of Crete, has had a spate of such deaths.

[…]Victims once were typically adolescent males or old people facing severe illness, and in normal times suicide cases often involve a mixture of factors including mental illness, says local psychiatrist Eva Maria Tsapaki.

But the economic crash has created a “new phenomenon of entrepreneurs with no prior history of mental illness who are found dead every other week,” she says. “It’s very unusual.”

Hans Bader had a recent post about Obama’s stimulus bill that is relevant.

Excerpt: (links removed)

A logical place to have financed road and bridge repairs would have been Obama’s $800 billion stimulus package. But the stimulus package was purged of most investments in roads and bridges, and filled instead with welfare and social spending, out of political correctness, after feminist leaders complained that building and repairing roads and bridges would put unemployed blue-collar men to work, rather than women.

Christina Hoff Sommers points out that “of the 5.7 million jobs Americans lost between December 2007 and May 2009, nearly 80 percent had been held by men,” because men “predominate in manufacturing and construction, the hardest-hit sectors, which have lost more than 3 million jobs since December 2007.” But when some administration officials floated the concept of “an ambitious . . . stimulus program to modernize roads, bridges, schools, electrical grids, public transportation, and dams” as a way of “reinvigorating the hardest-hit sectors of the economy,” “Women’s groups were appalled,” asking “Where are the New Jobs for Women?” and denouncing what they called “The Macho Stimulus Plan.”

As Sommers notes, the Obama administration quickly knuckled under to this pressure, replacing its recovery package with an $800 billion stimulus package that instead “skews job creation somewhat towards women” by spending money instead on social services like welfare that are administered mostly by female employees.

As a 2009 Associated Press story reported, “Stimulus Funds Go to Social Programs Over ‘Shovel-ready’ Projects.” A team of six AP reporters who have been tracking the funds find that the $300 billion sent to the states is being used mainly for health care, education, unemployment benefits, food stamps, and other social services.” Or, as another AP report put it, “Stimulus Aid Favors Welfare, Not Work, Programs.”

The stimulus package also repealed welfare reform, as Slate’s Mickey Kaus and the Heritage Foundation have noted. (In 2008, Obama ran campaign ads claiming to support welfare reform, even though he had sought to undermine welfare reform as an Illinois legislator. The stimulus package largely repealed the 1996 welfare-reform law.)

Men: don’t vote for this man in 2012.

Related posts