Posts Tagged ‘Conscious Decision’
Recent polling indicates that seventy-six percent (76%) of voters say the country is heading down the wrong track. Clearly, something needs to be done to turn the train around and head in a different direction.
First we need to know where we’ve been headed and then make a conscious decision to do a 180.
Three recent news stories—all under-reported—offer a snapshot of the wrong direction.
The Julia Field
Exxon is in a legal battle with the US government. The company has a new oil discovery in the Gulf of Mexico in what is called the Julia Field. Exxon reports an estimated one billion barrels of recoverable oil—worth potential royalties to the government of $10.95 billion. The discovery is believed to be the largest in the Gulf of Mexico. (Note: we are not out of oil; we keep finding more.)
In its exploration, Exxon is known for moving slowly and studying all the options before committing billions of dollars—using the best technology and science to utilize the shareholders’ risk capital. This is good. Deep-water exploration is difficult and complex. It needs to be done right.
However, apparently, the process was so lengthy, it butted up against the end of the lease period. Exxon applied for a routine extension. It was denied. A series of appeals have taken place. Finally, the Interior Department’s Office of Hearings and Appeals ruled against Exxon. Now, potential jobs and monies paid to the federal coffers are delayed.
The Julia Field debacle is reminiscent of a decision earlier this year that forced Shell to shelve Artic drilling plans after they spent nearly $4 billion in preparation to conduct exploratory drilling in Arctic waters. In dispute is what amounts to a clerical error that requires Shell to start over and puts off the creation of new jobs and revenue another year.
Black Arctic Gold
It has just been announced that Exxon Mobil Corp. has entered into a deal with Russia to develop Arctic oil resources. The company has agreed to invest $2.2 billion to explore a potential oil field in the Kara Sea and to spend $1 billion in exploration in the Black Sea. The ventures are politically risky, and there is no certainty that oil will be found. The deal includes Russia’s state-controlled oil company, Rosneft, acquiring stakes in Exxon’s US projects.
Exxon expects to spend tens of billions of dollars just to start producing, with a potential direct investment of $500 billion in Russian waters. With an estimated 90 billion barrels of recoverable oil in the Arctic, someone is going to go after it. Unfortunately, the revenues are going to Russia, not the US.
North Dakota is home to a series of newer US oil discoveries—known as the Bakkan Field. As a result, North Dakota enjoys the lowest unemployment rate in the country—3.3%. It is widely known that the energy industry creates jobs, and not just minimum wage jobs. A report released this week shows that the industry is ready to create 1 million jobs over the next seven years and a recent study by PricewaterhouseCoopers estimated that each direct job in the U.S. oil and gas industry supports more than three jobs elsewhere in the economy.
For years, House Republicans have held Paul Ryan’s plan to revamp Medicare, Medicaid and Social Security at arm’s length, deeming it politically unwise to embrace it.
Now that the GOP controls the House, however, John Boehner and Eric Cantor, the incoming speaker of the House and majority leader, face a choice: Do they keep Ryan’s “Road Map” plan in the background, or embrace it and use it to present the country with a clear contrast to President Obama?
Ryan has said he wants to include his plan – which would move entitlements and health care in a more free market direction than Obama’s health plan, seeking to lower prices through consumer purchasing power – in the budget that comes out of his committee in April, but that he does not know if leadership will support him.
“I know what I want to do but I don’t know what I can do,” he said earlier this month.
Passing the Road Map as part of the House budget would likely go nowhere in the Senate and would undoubtedly draw the president’s veto even if it made it to his desk. But it would be a conscious decision by Republicans to do more than say no to Obama’s plan, moving beyond mere opposition to advocating a vision of their own.
“We will be choosing what kind of future we want to have for the rest of this century in the very near future in this country, probably in 2012. So I believe we owe it to the country to give them an alternative choice than the path we’re on right now,” Ryan said.
One week before the 112th Congress begins, Boehner and Cantor have kept mum about their intentions. They declined to answer questions from The Daily Caller on the matter.
A survey of Republican and Tea Party leaders found some support for the idea of embedding the Road Map in the budget, though there was also some at the grassroots level who demonstrated a lack of familiarity with the plan.
Doug Mainwaring, a Tea Party activist in the Maryland suburbs north of Washington, was unequivocal about his desire to see the Road Map banner picked up by Republican leaders in Congress.
“If the Republican leadership doesn’t get behind Mr. Ryan and actively promote the Road Map, I predict that Tea Partiers will be looking for a new crop of congressmen in 2012,” Mainwaring, a real estate agent, told TheDC.
Mainwaring said that the Road Map is “the only sincere attempt to deal with serious structural and systemic problems our nation now faces,” and said Tea Party activists are “suspicious” about why Ryan’s plan has not been put “front and center” by House GOP leaders.
Bob MacGuffie, a grassroots Tea Party activist in Connecticut, said the grassroots conservatives in his state would support the Ryan plan “100 percent” if it was introduced in the House budget.
… and didn’t like what it found. Conservative writers, myself included, are enamored with the emerging Conservative majority in the country. We observe closely, in awe of seeing a free people exercising their fundamental right to remove from office those they have strongly come to oppose. We are truly witnessing a shift in the fabric of American politics.
Rick Santelli of CNBC financial news is the one who is credited with the term Tea Party, but if you check on the net you’ll find about ten pages of folks who claim to have invented it. That’s part of the mystique of the Conservative Patriot Movement.
The Patriot groups have literally sprung up all over the country. That’s one of the things that is just driving the DeMarxists nuts about the Tea Party groups. They just can’t visualize the Patriot Movement. It doesn’t equate… there’s no national movement or leadership. It’s entirely independent from any political party or organization. Leftists just can’t register that one… a popular movement they couldn’t match even in their wildest dreams… and one which has grown with logarithmic abandon.
America took one long look at the socialist assault on our country and made a conscious decision to stop it. As the election rapidly approaches, more DeMarxist weaknesses and vulnerabilities become apparent. Some prognosticators are saying that as many as 100 seats could change hands in the House alone. The Senate looks more vulnerable every day, also.
There are going to be a lot of Tea Parties in the run up to the elections. Get online and find your local group and get out there and support them. Talk to your friends and neighbors about America, the Constitution and Freedom.
Semper Vigilans, Semper Fidelis
© Skip MacLure 2010