IWA For Sunday 120411

The Sad thing is, even though he is an Idiot for saying so, he is telling the Truth.

Hey folks,

Time to wrap things up with the Idiot of the Week. I know, I know, I could make this guy the Permanent Idiot of the Week, Month, YEAR. But this time, I have to award him the Idiot of the Week for actually telling the Truth. Yup. The Sad thing is, even though he is an Idiot for saying so, he is telling the Truth.

So he is famous for Class Warfare. It is one of his only weapons in his lame attempt to further his agenda. But just like the other Lib.s in Congress that love to play Class Warfare, they fail to mention that THEY are the 1 percent. They ARE Millionaires and Billionaires. They do not care about the Economy. They are doing just fine. They do not care about the cost of Energy, Groceries, Gas, anything. They are right up there with people they attack like Rush Limbaugh. They are doing just fine. They do not care about you. You don't matter. Listen to this.

"Our kids are going to be fine," Obama told supporters at a campaign event last night. "And I always tell Malia and Sasha, look, you guys, I don't worry about you . . . they’re on a path that is going to be successful, even if the country as a whole is not successful. But that’s not our vision of America. I don't want an America where my kids are living behind walls and gates, and can’t feel a part of a country that is giving everybody a shot."

Of course they are on a path of success. They will inherit Millions. Not to mention, they are the Daughter of a Past President. Look at Chelsea Clinton. She will never struggle. She is having doors open that would NEVER be opened to her if her last name was not Clinton.

So congratulations Obama. For actually telling the truth, and not realizing how offensive that statement could be to some, you ARE the Idiot of the Week. Tell us again how we must sacrifice for the good of all? When was the last time YOU have? Oh yeah, you are Obama.
Peter

Sources:
The Washington Examiner - Obama: My kids will succeed, even if USA doesn't by Joel Gehrke Commentary Staff Writer

Liberals MADE People Like Mikey Moron

Then people like Mikey, tell you to HATE Rich People.

Hey folks,

First, THANK YOU to everyone at the Stuart Air Show. Spend ALL day there yesterday. A special thanks, as always, to the Men and Women of the US Armed Services. Not only did they put on a GET Show, but for all they do on a daily bases. There was even a Flag Ceremony for a Family of a Lost Soldier who just recently paid the Ultimate Price.

A special Thank You to Captain Julie Stevens of WPTV News Channel 5. Along with John Favole, Josh LOVED the Autographs, and of course, News Channel 5's Chopper. Thank you to Mr. G. from the Morning Show with MR. G and Charlie Neil of 1590, WPSL. He was such a nice guy to Josh. Of course, EVERYONE around Josh, got a hug. {Laughing} I'll tell you what. He gets aways with a lot of things I think I would get in major trouble for. He has gotten hugs from people that could couldn't PAY your way through Security to get with in 500 yards of. But that's Josh. {Smile}

Anyway, GREAT SHOW! Beautiful Weather. Good Food. And yes, even a bit of a Sunburn. But well worth it. Thank you to all for another GREAT year.

By the way, HAPPY Sunday to ya. Welcome to the Big Sunday Edition of the OPNTalk Blog, you know who I am. Glad you stopped by. If you want to be a part of the OPNTalk Blog, OR, just say Hi, the Email, as always, is opntalk@gmail.com. Coming right up today?

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OK. This is the kind of stuff I just love. It's most likely because Liberal Sheeple out there just do not get it. They really don't. They simply DO and THINK whatever they are told. Hate the Rich. They Democrats LOVE You. They are for the Little People. HATE the Rich. Lets leave aside that the Liberal Democrats are Millionaires and Billionaires. {Smile} As a matter if fact, remember that List of the Richest People and Companies in this Country? EVERY ONE in the top ten are Liberal Democrats, and or OWNED by Liberal Democrats. Look at this house.

Yup. It's Michael Moore’s Michigan Vacation Mansion. Yet, Mikey, who has never met a Donut that he doesn't like, comes out and makes Movies filled with inconsistencies and, well, outright LIES. The Sheeple? They flock to see them and give Mikey their hard earned money to listen to him tell them how they should HATE the Rich. People MADE Mikey Moron. Then people like Mikey, tell you to HATE Rich People. Then when they leave the Spot Light, they go home to THIS. According to Big Hollywood - Michael Moore’s Massive Michigan Vacation Mansion Beyond 99 Percent’s Wildest Dreams

Left-wing filmmaker Michael Moore has been touring Occupy Wall Street demonstrations across the country–including some of the most violent, such as Occupy Oakland–urging activists to continue their fight against the wealthy “one percent” of Americans.

Initially, Moore tried to deny that his massive wealth made him a member of that one percent. Even when forced to admit the obvious, Moore suggested that he was not always among the one percent, based on his income: “Other years, like last year, I don’t have a job (no movie, no book) and so I make a lot less.”

I bet you he made more than most of YOU out there. Uh, how much of HIS Wealth has he given away to the Little People? Anyone? Can ANYONE name a Charity that he gives to?

The fact is that Moore is so wealthy that he does not need to worry about his income. According to public tax records, Moore owns a massive vacation home on Torch Lake, Michigan–one of the most elite communities in the United States–in addition to his posh Manhattan residence.

Through an independent source, Big Hollywood has obtained exclusive photographs of the house matching the address of Moore’s waterfront mansion. It is the kind of luxurious summer home that 99 percent of Americans can only dream of owning.

Moore’s vacation property is located on the southeastern shore of Torch Lake itself, which locals tout as the “third most beautiful lake in the world.” Here is an aerial view of the house, situated on the turquoise blue waters for which Torch Lake is famous:

Moore’s property has been officially assessed at close to $1 million (see below; we have redacted Moore’s addresses and parcel number). That is likely a gross underestimate, but nevertheless places Moore’s vacation home near the top one percent of home values in affluent Forest Home Township, and among the upper crust of residential properties in the state of Michigan. (Update 11/11/11: Several readers have pointed out that in Michigan, the S.E.V. is half the estimated fair market value of the home, so Moore’s Torch Lake vacation home is likely worth close to $2 million.)

So the next time you hear someone like Mikey, or Liberal Democrats, tell you that YOU should hate the Rich, just remember. they only mean Rich Non-Liberals. They literally mean hate who we tell you to hate. Even though we ARE the 1 Percent. {Sigh} Just a thought for ya on this Beautiful Sunday Morning.

Going to fill my Cup. I need it today. Be right back.
Peter

Understanding Energy Reality

Pipe Dreams, Class Warfare, and Freedom

Hey folks,

As some of you know, I attended another API / Blogger Conference Call on Friday. It was Moderated by our friend Jane Van Ryan, Senior Communications Manager, API, and featured Gary Luquette, President of Chevron North America Exploration and Production Company who just testified before Congress, John Felmy, Chief Economist, Mark Kibbe, Federal Relations Director, API. Along with myself, there were nine other Bloggers.

As always, it was jam packed with information that most of you will not see anywhere else. This is not information, or "misinformation" speculated by some "experts" that the Mainstream Media puts out there. This is the real people that actually do it.

I want to touch on some of the information today. First, the number one question of those of us who understand the energy issue, is what happens if some in Congress get what they want. They want the Drilling Ban back in place. I know some of you are saying to yourselves, "so what?" That will force higher gas prices and will speed up the production of Alternative Energy. But that is not the case folks. There was a lot of talk about renewables. You all know where I stand on all these new alternatives that the Obama Administration wants to spend Billions on. The Obama Administration even admits that they have no idea what they are, yet they want to spend Billions of your money on them. They just do not exist.

But that is NOT the worse case scenario. Bob McCarty of Bob McCarty Writes asked out right what that would be.

06:00 MS. VAN RYAN: All right, let me move to the question, and if I might, Gary. Can you describe a worst-case scenario for the nation's oil and gas industry if the 111th Congress and President Obama agree to reinstate the drilling moratoria?

06:18 MR. LUQUETTE: Well, I think all that means, Jane, is that what we can look forward to is a heavier reliance on foreign sources of oil to continue to sustain our way of living and our economy until the fuel mix transitions longer term into something that represents a higher percentage of renewable and alternatives.

And so worst-case scenario is, if you're highly – more highly dependent on foreign sources of oil, it means we'll be more exposed to price spikes associated with civil unrest in other parts of the country that are supplying oil -- and disruptions, potentially even going back to situations where you might not have enough product to meet demand, and going back to some of the lines that we saw back in the days of the Arab oil embargo. So there are risks there, and in addition, I think there are economic risks for the country as well. It means more dollars going offshore, away from the U.S. to satisfy the crude oil and gas demand, which means that that's jobs and revenues that are going outside instead of staying inside.

Which is all true. You can get Bob McCarty's take on this here. It really is more than just $4.00 a gallon gas. It is more than just about "Profits for Big Oil." It is about freedom, independence, and affordable REAL energy. But it is the numbers that get people confused and angry. The size of the numbers we are talking about is incomprehendable to some. Because of this, some people USE those numbers to create class envy and an unfavorable view of "Big Oil." Here was my participation.

16:37 MR. CARLOCK: This is Peter from “OPNTalk.”

16:41 MR. LUQUETTE: Good morning, Peter.

16:42 MR. CARLOCK: Good morning. And I do also commend you on your testimony. It was perfect, I thought. You know, I'm all for a clean planet. I got a three-year-old son, Joshua, and I want him to grow up in a clean earth, but – and – but you guys got a 25-year history of no spills, no pollution. You know, we can argue if global warming is manmade or a scam, I believe it's a scam. But I really want to talk about the numbers for a second, and going back to the economy.

I think one of the problems that the oil industry is having such a hard time with is, most average American is not going to see a million dollars in their bank account in their lifetime. So when the oil company comes out and says, we have a $10 billion profit and somebody comes right behind them and says, well, we're going to take some of that and give it to you, because it's not fair, you know, you get a lot of people that, without thinking, give applause and cheer to that. But they're not looking at the real numbers. I mean, we have the President right now that, if you do the math, is up to around $3 trillion in spending.

Your industry right now, as you just stated, kind of stole my thunder there, 1.8 million workers directly with you, another four – so now we're up to 5.8 million workers employed directly or indirectly by the oil industry itself. If the moratoria remains lifted, we're talking another 160,000 jobs – and these are real jobs, not laying side at federal buildings or hanging curtains. This is career-oriented, long-lasting jobs. And then when you add in the 1.7 trillion (dollars), would that not go a long way in helping the economy based on facts instead of possibilities of, well, maybe and if and whatever?

18:47 MR. LUQUETTE: Well, you brought up some good points. You know, let's start with the profits picture, because I know Congresswoman Capps mentioned that towards the end of our session, and I'm a little disappointed that because we were late in the day and they were anxious to wrap up and move on to other very busy things they had to do, I don't think our industry representatives did a good job of addressing that when she intimated that the profits were very large for the panelists that were sitting in the room.

I will say that as you all appreciate, this is a very capital-intensive business. We have to make very, very large bets with no guarantee of return because of the risky nature of our investments. And you know, for Chevron, for instance, this is public information, we earned $22.8 billion in 2008, and you know the public hears that number and they say, my goodness. That is a windfall profits, and I think wealth redistribution, some of that probably makes sense. But we also invested over $23 billion in 2008, and we're going to do a similar amount of investments in 2009.

And I can assure you, with where energy prices are today, we're not going to be earning anywhere near where our investment levels are. And that's not unique to Chevron; many, many people in industry are plowing money back in and making multibillion dollar bets to try to continue to keep this U.S. supply going. I have a project that we are very proud of here at Chevron that we're going to commission sometime midyear called the Tahiti Project. This project has been nearly 10 years in the making. Chevron and its partners have invested over $6 billion to date, and we have not generated one dollar of revenue from that project.

And I think, oftentimes, people use the large numbers on the earnings side to incite this windfall-profits notion without talking about the investment side and the big bets that we're making to try to keep supply going. And so I think if we could do a better job of couching profits in the same light as investments I think people would better understand what we're all about.

21:23 MR. CARLOCK: Well, yeah. And, also, just as a follow-up, during your testimony you brought out some numbers that nobody ever reports like 13.3 billion (dollars) that went to suppliers and small businesses. So they are benefiting directly from that.

And one number I just love is 75 million (dollars) to U.S. charities. There's a lot of people out there that like to spend other people's money. And they can't brag that they've spend $75 million on U.S. charities. So I just – try as hard as I may to see the other side of this, when you look at all of the facts and you look at all of the numbers, yes, you've got big profit. But you're spending big money to get those profits. And it's not just benefiting the oil industry itself, but benefiting, you know, I think we were up to almost 6 million jobs that are long lasting. We're able to move ahead and not be held back by unfair regulation.

This is all true folks. How many of you, before RIGHT NOW, have heard that Chevron gave $75 million dollars in US Charities? Anyone? Can Al Gore say this? What about Soros? Can ANY of the Libs today that are talking about taking these "windfall profits" and "Spreading the wealth around" even come close? Can President Obama even HONESTLY say that 75 million will go DIRECTLY to help REAL people? Nope.

What about this "Windfall Profit tax?" Once again, windfall profit literally means you do NOTHING to get profit. "Big Oil" such as Chevron hardly do nothing. The Government on the other hand? As Bear of the Absurd Report pointed out.

38:50 BEAR: Okay, well, I sort of wanted to follow up on that mileage tax that people are talking about. If a person lives at a great distance and does a lot of traveling, they buy more gas. And if you look at your gas pump every day, it's 18.4 cents a gallon goes to the federal government and God knows how many different state and local municipalities have their fingers in the till.

I recently did an article that – and computed a lot of average usage, you know, with the amount of gasoline we burn and the rest of that – the Transportation Department is collecting over $100 billion a year just on gas taxes, and now they want to add a mileage tax? It just seems insane to me.

39:46 MR. KIBBE: Yeah, this is Mark Kibbe again. I think Ray LaHood‟s proposal was to begin a transfer from a traditional per-gallon gas tax to a mileage gas tax, but again, you know, with the federal government you never know. They always hate to get rid of any tax, so there's always –

40:06 BEAR: Did you ever see them get rid of a tax?

40:08 MR. KIBBE: Yeah, well, point well taken. We've never seen it, certainly in this industry.

That is the problem with ALL this insane programs and out of control spending that Obama is doing. It is not going away. But look at THESE numbers. Mr Luquette admitted Chevron made $22 Billion in profit. All the spending they did to get it. Seeking, drilling, refining, shipping, and putting it in place for you to use. US Government? $100 Billion. They did? Uh, NOTHING. That my friends is Windfall Profits.

I assure you, if this moratoria is put back in place, oppressive taxation and unreasonable regulations, along with outright theft of PRIVATE profits are levied against "Big Oil," you will see a great loss in REAL jobs, a major reduction and closing of smaller private business, a REDUCTION in taxes to the Federal Government and you will not see anywhere near $75 million dollars in charitable contributions. Which will effect those most needy. Not to mention of course what Mr.Luquette warned us about.

I encourage you all to read the entire transcript and go to Energy tomorrow and listen to the pod case. When you understand the truth, you will always recognize the lies.
Peter

Sources:
Energy Tomorrow
API
OPNTalk - API/ Blogger Conference Call