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Rev. Jackson, The Fat Lady Is Now Singing

A "jealous rage," Fox's Geraldo Rivera called it. Before taping a "Fox & Friends" segment, the Rev. Jesse Jackson, with...

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Jackson and his race-card-waving cohorts, derive stature, power, significance and self-enrichment by claiming that racism remains a serious problem in America.

After complaining about the lack of minority beer distributorships, for example, Jackson's sons ended up with a lucrative Anheuser-Busch distributorship in Chicago. Author Kenneth Timmerman, in his book "Shakedown," describes the Jackson modus operandi — playing the race card for self-enrichment as well as that of friends and family.

Rather than display pleasure at America's obvious progress, or pride in his role in getting us there, the anachronistic Jackson now morphs into a shrinking, petulant, self-pitying "leader" — with little left to lead.

Good news for America; bad news for Jackson.

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Camouflaging News

Leave it to the New York Times to take a major story discrediting Barack Obama's Iraq policy and pitch it as a human interest feature on "mixed feelings."

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'Rig' The Election

A day after House Democrats pretend to be in favor of drilling, Sen. Diane Feinstein calls offshore drilling a "distraction." Mark Sept. 30 on your calendar. It's the day Democrats have to put up or shut up.

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In an op-ed in the Los Angeles Times on Friday, Feinstein repeated the canard that the oil companies are sitting on 68 million acres of leases that go unexplored. If the California senator knows where they are, can she please tell House Minority Leader John Boehner and the rest of us?

On his Web site, Boehner says: "Democrats have been utterly unable to say where they came up with the claim that oil companies are sitting on 68 million acres of federal lands without drilling for oil or gas on any of it — and particularly how they arrived at the amount of oil they claim could be found on those 68 million acres."

Feinstein falsely claims that the "vast majority of the Outer Continental Shelf is already open to oil exploration." As we noted here Friday, 85% of the 1.76 billion acres of the OCS is prohibited from being developed by the congressional ban.

The senator says that "areas containing an estimated 82% of all the natural gas and 79% of the oil are today available to oil companies through existing federal leases." How does she know that, considering that 85% of the OCS is off-limits? How does she know this if the land is unexplored and the leases unused?

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Obama's Iraq Pullout Policy Masks Big Shifts

Before departing on his Middle East tour, Barack Obama made clear last week that no matter what he learns, he's sticking to his 16-month timetable for pulling out of Iraq

But Obama's consistent call for a phased withdrawal obscures what has otherwise been a transformation in his position on Iraq. A close look at his statements over the past two years reveals dramatic shifts in his priorities for Iraq; his rationale for pulling out; his assessment of conditions in Iraq; and his view on the effectiveness of the surge.

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Does It Have To Take A Decade To Bring New Crude To Market?

With oil prices hitting record highs, the question arises: Why aren't we drilling for more oil?

But he's been opposed by Congress, which argues it will simply take too long — as much as 10 years or more — for the new oil to come to market to do any good.

That doesn't appear to be true.

To begin with, industry analysts note, much of the drilling delay is self-inflicted — a result of excessively stringent environmental and land-use regulations.

Scrap those, or modify them, and new oil can be produced in far less than 10 years.

et, in some areas, the regulatory processes is largely done, so oil can come to market far sooner than 10 years — if Congress lets it.

Alaska Gov. Sarah Palin told IBD oil from the Chukchi Sea, believed to hold 15 billion barrels of oil, could flow much sooner than 10 years with new legislation.

"Those areas Congress can help us with right now," she said.

According to the Institute for Energy Research, a private think tank, citing Bureau of Land Management data, protests, appeals and lawsuits over oil development averaged 1,180 per year between 2001 and 2007, a 706% increase over 1997-2000. The IER notes, for instance, that 100% of New Mexico's 78 oil leases were protested by environmental and neighborhood groups.

The group also noted that a critical pipeline from the National Petroleum Reserve in Alaska has been held up by lawsuits — even as Congress blames oil companies for not producing oil from its leases there.

To be sure, oil won't be flowing tomorrow even if all drilling restrictions were lifted.

That doesn't mean it won't impact prices.

Oil prices are influenced by futures markets — where people buy and sell future supplies of oil. Futures prices are now higher than spot prices, a signal that supply is tight.

Just a little talk from President Bush last week about pushing for more oil supplies helped push oil prices down more than 10% to below $130 a barrel in just five days, even though a drilling ban remains in place.

Breaking the continuity of thinking about supply also affects existing oil producers.

A big one, like Saudi Arabia which has spare capacity, will have more incentive to pump if it thinks it will lose markets. That's what drilling in the U.S. would do — threaten Saudi Arabia's and OPEC's market dominance, and force them to pump more.



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Climate Change News

Evidence doesn't bare out alarmist claims of global warming - THESE are the seven graphs that should make the Rudd Government feel sick.

These are the seven graphs that should make you ask: What? Has global warming now stopped?

Look for yourself. They show that the world hasn't warmed for a decade, and has even cooled for several years.

  

Sea ice now isn't melting, but spreading. The seas have not just stopped rising, but started to fall.

Nor is the weather getting wilder. Cyclones, as well as tornadoes and hurricanes, aren't increasing and the rain in Australia hasn't stopped falling.

What's more, the slight warming we saw over the century until 1998 still makes the world no hotter today than it was 1000 years ago.

In fact, it's even a bit cooler. So, dude, where's my global warming? (Andrew Bolt, Herald Sun)

Fabricating Temperatures on the DEW Line - Today I received an email that contained some startling revelations about the Weather Stations that were put in place on the DEW Line, a network of cold war era radar monitoring stations in Canada and Alaska, that have now been abandoned. It makes for interesting reading. I won’t reveal the name of the sender just yet, but I don’t doubt the accuracy of the report. (Watts Up with That?)

Democrats Should Let Us Drill - Now that an executive branch ban on offshore oil exploration has been lifted, the time has come for Democrats in Washington to lift their own ban on increased domestic supply. Americans are demanding that Congress do something about record-high gas prices. They recognize that prices will not go down unless supplies go up. And they also know that the only thing now standing in the way of more domestic supply is the Democratic refusal to allow it. (Wall Street Journal)

Drilling in the Offshore: Unleashing the oil companies. - After trading at a record high of $147 a barrel Friday, the price of oil saw its largest one-day drop since the 2003 beginning of the Iraq war on Tuesday, falling $6.44 a barrel. Wednesday, it fell another $3.71, to $135.03, and at one point was trading as low as $132.

So what happened? As is usually the case with markets, a variety of factors caused this dramatic drop. According to the Associated Press, the Energy Information Administration announced that U.S. crude-oil supplies rose by 3 million barrels; beleaguered banks have been selling off valuable energy contracts to pay for other debts; and there’s even some speculation that computer programs used by Wall Street may create a “cascading effect” once prices start to drop.

But bizarrely, the AP didn’t mention that on Monday — again, the day of the single biggest one-day drop in oil prices i
n five years — President Bush removed the executive order imposing a moratorium on offshore drilling in the United States.

To think that this dramatic and unexpected move by the Bush administration didn’t have a significant effect on oil prices is folly. Even Democrats admit that relatively small margins in oil production could have a huge impact on prices. (Mark Hemingway, NRO)

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The Leftist Environmentalists Never Talk About This

"Down the road when we find out that windmills have failed because we can't count on when wind will blow or store the energy, the people that were responsible for it will never, ever get blamed. We will only be able to talk about their good intentions, not the failed results. This is how leftists excuse every failure."

The Hill: T. Boone Pickens to Visit Capitol Hill to Push Wind Power

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BDS

Political Bigotry is not thinking about what anyone is saying, but rather hating them instantly because of what you perceive their politics to be. President Bush is a victim of that like no other president before him.
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The Left Loves It

Ever noticed how the libs legislate control? The latest attempt to re-write the rules: Stop Excessive Energy Speculation Act of 2008.

"I love when the left offers up bills that lampoon themselves. Who in the world are they to determine how much oil speculation is 'excessive'?"

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Everyone Believed It

"There was an objective reason to expect Saddam's regime to have a whole lot of WMD's. President Bush believed it. Republicans believed it. Democrats believed it. John Kerry believed it. Bill Clinton believed it. The French believed it. Everybody had an expectation based on the intelligence of the time that Saddam was running a WMD festival."
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Keith Olbermann: Now He's Even Lying About Himself!

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Video: Dan Rather Joins Osama/Obama Club In Style

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Charter Member

Video: Dan Rather joins Osama/Obama club in style

Yes, many of us have inadvertently exchanged Osama and Obama, to our embarrassment.  However, this may be the first time that anyone on national TV has exchanged “Barack Obama” for the full “Osama bin Laden”.  The speaker makes it all the more delicious, of course

Hey, I blame Jesse Jackson for a lot of things, but not for paving the way for Osama bin Laden. Will Jesse want to go for Rather’s family jewels over this?

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