C-Span 4 August http://www.musicman.com/mp/mp.html
ALEXANDER
Comments
So what’s your point? They stopped shipping us oil for political reasons, not because they couldn’t raise output.
Not true. Korin states that OPEC sits on 75% of the world’s REERVES, which is absolutely true.
She hits it on the head with her analysis, too - whenever anyone else increases production, OPEC reduces theirs to keep the price high.
No, OPEC does not always produce enough. Or have you forgotten the energy shocks of the 1970s, when OPEC played with the world markets.
Especially the libertarians who avidly quote those parts of his book that suit them.
wait i’m confused by her math.
opec produces 75% of the oil.
opec produces 32mil barrels of oil/day.
the world oil market is about 85mil barrels/day.
what?
Wow! She has nailed it! Great message, spot on! Once upon a time, hemp fibre that was used for ropes and sails was a strategic commodity.
JTF ORG
JEWSAGAINSTOBAMA ORG
“coal burning plants release far more radiation”
WRONG
That’s a canard used by the nuclear industry that can only be true if one makes a series of unreasonable assumptions — e.g. that nuclear reactors operate nearly perfectly, that the nuclear fuel CYCLE (mining, milling, decommissioning, etc.) somehow doesn’t count, that 99% of coal flyash is not filtered out of the plume, and so on.
The use of coal is awful in several ways, but the release of radioactivity is NOT one of them.
I agree HemiHead66. I read a National Geographic article on coal and they called coal mining the “best ignored ecological disaster in US history”. By the way, coal has from 0.3 to 10 parts per million uranium in it (typically from 1 to 3). Most coal burning plants release far more radiation into the environment than a nuclear power plant does. If we required coal to meet the radiation standards that the nuclear industry has had imposed on it, the coal industry would be shut down.
Adam Smith in “The Wealth of Nations” mentioned that subsidies were required sometimes, particularly for national defense. He gave an example of protecting the Sail Cloth industry to protect national interests. He wrote: “After all, defense is of much more importance than opulence.” It is a shame that people don’t read the original more.
Do you have any idea what Mountain top coal mining does to the land and water. People in W. Virginia have to have their drinking water trucked in and stored in a tank, then people go and pick it up. Coal is a disaster as an energy source. She also left the stock market out of her talk. OPEC may leave supply low but they always produce enough. Then you have the market manipulators making bets on what if’s, driving up the price. It’s all a scam. Ask Phil Gramm, he’ll tell ya all about it
Sometimes tariffs and subsidies are setup for a specific reason to protect a nation’s industry, but I think all should be scheduled to be eliminated or rate decreased by 10% per year. This allows the free market to plan for the future, enven though there is a temporary dislocation in the marketplace put there by government for a political reason. If the ethanol tariff was being automatically scheduled out each year, then the plan would start being formed for more imports in the future.
