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Oil Guru Destroys All Of The Hype About America's Energy Boom

Something's not adding up. Initial thoughts: 1) Oil and gas people don't drill for the sheer joy of drilling. They drill only when market conditions justify a strike. 2) The 2nd graph applies to all mining and drilling applications--seems to me that it's a fact without a point. As the pocket protector crowd will tell you, the general ledger doesn't reflect a field until it's qualified as a reserve--and then only to the extent it's a reserve. Nothing new or remarkable there. 3) Oil is only part of the story. IMHO, the natural gas aspect is more positive than oil. We will in fact move from that of a NG importer to that of a NG exporter. One east coast LNG import facility has already been converted to a LNG export facility. I hardly think the planners got it wrong once they tallied up the volumes of NG that are likely from the shale boom. 4) the hundreds of thousands of jobs created and billions saved from the impact of shale on oil and gas prices are a matter of fact. Whether such benefits last a year, a decade, or 50 years is beside the point. 5) The idea that drilling has a high buy-in is not exactly novel information. This sector always draws big spenders with a high risk tolerance. Those of you with your 401(k) targeting low-yield insurance contracts and treasury notes need not worry about your retirement being lost in the Bakken.

Fox News Flips Out On Obama Inauguration Day

You mean the future Democrats tossed in dumpsters by the hundreds each day?

How The Vatican Built A Secret Property Empire Using Mussolini's Millions


Manti Te'o Still Talked About His Fake Girlfriend Dying After He Suspected That It Was A Hoax

Ok...I'm going to say what we're all thinking. The next time we hear about a Hawaiian who is alleged to exist--but really doesn't--please God let it be Obama!

3D Printers Can Now Pump Out 30-Round Magazines

But why would anyone want to fabricate their own 30-round magazine? Sheesh,'s not like we have an attorney general providing guns to Mexican drug lords who then murder dozens of Mexican citizens and a US border patrol guard! Get a grip!

Truckers Knew We Were In A Once-In-A-Generation Recession Before Anyone Else

Yet rail indicates they are holding steady. Either rail stability is due to customer loyalty, or perhaps in this era of high diesel cost they are picking up some trucking customers.

Kidnappers In Algeria Now Looking To Trade US Hostages For The 'Mastermind Of The 1993 World Trade Center Bombing'

At least when Obama releases the blind sheik, he can claim that he is continuing the policy of not negotiating with terrorists. know...he doesn't consider them terrorists to begin with.

The F-15 Is Hands Down The Best American Fighter Ever Built [PHOTOS]

Doesn't matter. In an electronic/counter-electronic weapons duel, the side that can project more electromagnetic power wins. That'd be the United States. We have stronger on-board generators to power our electronic and counter-electronic measures.


I still recall the conflict Israel had with Lebanon and Syria in the 80s. I think Israel lost maybe 1 F-15 fighter when it passed over a mountain ridge where a guy stood with a shoulder-launched AA weapon that just happened to be pointed in the perfect direction for a strike. That's against dozens of Syrian jets downed. Together with it's F-16 cousin, truly formidable opponents for any air force.

STUDY: Republicans Are Dog People, While Democrats Prefer Cats

Even if both Republicans and Democrats are dog people, Republicans are Dobermans and Democrats are French poodles. If both are cat people, then Republicans are lions and Democrats are, well, lunch.

Obviously my paradigm falls short when applied to RINOs in Congress.

How Israel Developed Such A Shockingly Effective Rocket Defense System

Have you any idea how utterly dysfunctional this argument sounds? As if Israel has this obscure, moral obligation to suffer as many or more casualties than its attackers! From what dark, damp corner of the festering pit of hell does this argument emerge?

How Israel Developed Such A Shockingly Effective Rocket Defense System

How about we take your honesty to the next level: the reason Israel was given a "copy" of the Patriot Missile System was because Saddam Hussein launched SCUD missiles at it in the first Gulf War. (Iron Dome is the result of Israel tinkering with that hardware and software.) Hamas owes a debt of gratitude to Saddam Hussein for this missile shield. Perhaps that is why they're all eager to get to hell so fast...they wish to thank him properly.

How Israel Developed Such A Shockingly Effective Rocket Defense System

To appreciate the magnitude of this success, consider that Stars Wars was designed and intended to track long range intercontinental ballistic missiles that must enter low orbit and are not as maneuverable. Israel has found a way to be effective against short range missiles with a drastically reduced target window. The next generation may well see bombers lingering over launch areas so that 1) intercept occurs far more rapidly and 2) deployment is not limited to fixed or even mobile ground installations.

Jon Stewart Totally Destroyed John McCain And Lindsey Graham Over Susan Rice

1. Senate Democrats
2. German intelligence
3. British intelligence
4. Israeli intelligence



The Navy Ordered Three Huge Assault Ships To Turn Around And Go Straight To Israel

Seems like a lot of trouble just to get a Stand Down order so that the maximum number of Americans are killed by Obama's friends. Oh well...just another bump in the road.

Walmart Has To Overcome A Scary Reality About Its Customers

Not exactly the history I remember. Wally World started off as a direct competitor of K-Mart and Zayre department stores. There were initially no "super centers." The WM tactic was "hit them where they aren't," or place stores just beyond the K-Mart/Zayre market zones. That tactic did not cause displacement of other businesses. Rather, America literally expanded into the WM market areas.

The displacement came when WM went wider and deeper with its concept, developed super centers, and added groceries. But even then, the WM supercenters today are surrounded by retail--restaurants, specialty clothing, footwear, etc. They are the ideal way for fortunate towns to have a concentration of value-added activity (ie, tax revenues) largely at the expense of the private sector.

Do WM workers suffer? I suppose living on WM wages is tough. But it's the same wage I was paid when I got out of college. The difference is 1) my degree gave me a measure of upward mobility, and 2) hundreds of billions of dollars have been pumped into the economy by Bush and Obama, diluting the value of dollars earned and raising the cost of gas, food, etc.

Only an indifferent, callous pretentiousness explains how anyone can point the blame in any direction other than Washington, DC, where both parties claim to act on behalf of the very middle class they systematically toss to the wolves.

Bombings On Both Sides Escalate Israeli Offensive In Gaza

"When the ill winds blow, I will stand with the Muslims." --Obama

I'm normally not very particular, but here's hoping he stands with Hamas Muslims.

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