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Why Oil Companies Don’t Drill 1

Follow this link to an item that purports to explain why oil companies don’t drill. This article was recommended to me by Richard H.

I think this explanation makes a lot of sense to me.  I have read similar items before.  Also, in George Soros’ latest book, he explains some of the problems with the theory of supply and demand.  I always chalked these problems up to the fact that supply and demand is an explanation of a static situation.  During a period of large change, the system has not settled to a static equilibrium that static supply and demand curves might predict.  I think this article and George Soros’ book are are agreeing with the part of the problem that I have identified, but George Soros adds other details that I had not thought of.

As for oil specifically, there is one issue that I would like to see discussed.  While it may be true that there are a lot of oil leases that the oil companies are not exploring, this might not be a fair reason for not opening up other areas for drilling.  It could be that the leases that the oil companies are not actively exploring are not as attractive as the ones that are currently off limits.  I am not a proponent of opening up more areas for drilling.  It is just that if we are going to have a discussion of the issue, I would like all sides to be honest during the discussion.  If either or both sides are obscuring the truth, then how can we come to a rational decision after the discussion?


Preparing the Battlefield in Iran

No, that is not a typo. It does say Iran, not Iraq.

Follow this link to the astounding article by Seymour Hersh in the New Yorker.

Follow this link to an article on Huffington Post that has a CNN interview with Seymour Hersh about his New Yorker article.

Follow this link for an interview of Seymour Hersh on Fresh Air on NPR. In many ways, the information divulged in this interview is much more frightening than anything I read in the New Yorker article. (The link to the NPR interview was given to me by Richard H.)


Terrorism Fight Held Hostage by Republicans

The Republicans seem so adamant that the new FISA bill before the Senate must have immunity for the telcos for their past crimes, that they are willing to see our intelligence agencies hamstrung unless they get their demands.

Why is telco immunity more important to Republicans than is our national security?

Why can’t the Democrats ask the Republicans why they would be willing to torpedo this bill if the telco’s cannot get immunity?

Why are the Democrats so bad at framing the issues?  Can they negotiate their way out of a paper bag?


Taliban ambassador wielded power within Guantanamo

Follow this link to this central part of the McClatchy story and an index to the other parts of the story.

This part of the story does not match the tone of the other parts that I have posted.  I have provided this link so that there can be no accusation that I am hiding the parts that don’t adhere to the party line.  Whatever conclusions you come to, I want you to have the whole story.