OtherComments Off on Man Drilling For Oil In His Own Backyard
May202008
Let’s see… oil is at about 127 dollars a barrel and he is producing about 3 barrels a day. That comes to $139,065 a year. It sounds like an investment that pays for itself. Where can I buy the equipment to drill my own well?
It’s just a drop in the global oil bucket, but an eastern Indiana man is operating an oil well in his backyard in an effort to capitalize on soaring crude prices.
Greg Losh’s rig produces three barrels of crude oil a day, though he told FOX News that he hasn’t started selling it yet. For now, he and his partners are keeping it in storage containers.
He declined to say how much oil they’ve collected in the two weeks they’ve been pumping.
But as oil is going for about $127 a barrel on the international market, three daily would yield just under $400 a day for Losh on the global spot market — or 1/100,000 of the daily production increase the Saudis agreed to earlier this month.
Still, in spite of those returns and the $100,000 it costs to drill a well, it’s worth it to Losh considering the current price of oil, he told WISH-TV in Indianapolis.
The oil his well produces comes from the Trenton field that fueled the growth of east-central Indiana cities more than a century ago, he told the station.
He expects to drill four more wells soon on his property in the town of Selma about 55 miles northeast of Indianapolis.
“It’s a money maker. It is paying off,” Losh told FOX.
The oil is stored in a tank and transported to Ohio for sale, he said. His oil well also produces natural gas to heat his home and several others.
AmusingComments Off on Breakdown of Who Is Reading America’s Newspapers
May202008
Here is how to keep all that political “news” in perspective.
Demographics of American Newspapers
1. The Wall Street Journal is read by the people who run the country.
2. The Washington Post is read by people who think they run the country.
3. The New York Times is read by people who think they should run the country and who are very good at crossword puzzles.
4. USA Today is read by people who think they ought to run the country but don’t really understand The New York Times. They do, however, like their statistics shown in pie charts.
5. The Los Angeles Times is read by people who wouldn’t mind running the country — if they could find the time — and if they didn’t have to leave Southern California to do it.
6. The Boston Globe is read by people whose parents used to run the country and did a very poor job of it, thank you very much.
7. The New York Daily News is read by people who aren’t too sure who’s running the country and don’t really care as long as they can get a seat on the train.
8. The New York Post is read by people who don’t care who is running the country as long as they do something really scandalous, preferably while intoxicated.
9. The Miami Herald is read by people who are running another country but need the baseball scores.
10. The San Francisco Chronicle is read by people who aren’t sure if there is a country or that anyone is running it; but if so, they oppose all that they stand for. There are occasional exceptions if the leaders are handicapped minority feminist atheist transgender/lesbogay dwarfs who also happen to be illegal aliens from any other country or galaxy, provided of course, that they are not Conservatives.
11. The National Enquirer is read by people trapped in line at the grocery store.
12. The Seattle Times is read by people who have recently caught a fish and need something in which to wrap it.
The man who reads nothing at all is better educated than the man who reads nothing but newspapers.~ Thomas Jefferson
AmusingComments Off on Nominee for Soldier of the Year: U.S. Soldier Uses Quran for Target Practice
May182008
Do you know what? Until the Muslim’s begin to show respect for other religions and life in general, I could give a rat’s ass how they feel over their so called holy book getting shot up, or even flushed down the toilet.
If it were a King James Bible the media would have yawned and praised the soldier on his stand for secular individualism.
A soldier used the Quran — Islam’s holy book — for target practice, forcing the chief U.S. commander in Baghdad to issue a formal apology on Saturday.
Maj. Gen. Jeffrey Hammond, commander of U.S. forces in Baghdad, flanked by leaders from Radhwaniya in the western outskirts of Baghdad, apologized for the staff sergeant who was a sniper section leader assigned to the headquarters of the 64th Armored Regiment. He also read a letter of apology by the shooter.
It was the first time the incident — which tested the relationship between U.S.-backed Sunni militiamen and the military — was made public since it was discovered May 11.
“I come before you here seeking your forgiveness,” Hammond said to tribal leaders and others at the apology ceremony. “In the most humble manner I look in your eyes today and I say please forgive me and my soldiers.”
Another military official kissed a Quran and presented it as “a humble gift” to the tribal leaders.
The soldier, whose name was not released, shot at a Quran on May 9, villagers said. The Quran used in the incident was discovered two days later, according to the military.
Hammond also read from the shooter’s letter: “I sincerely hope that my actions have not diminished the partnership that our two nations have developed together. … My actions were shortsighted, very reckless and irresponsible, but in my heart [the actions] were not malicious.”
A tribal leader said “the criminal act by U.S. forces” took place at a shooting range at the Radhwaniya police station. After the shooters left, an Iraqi policeman found a target marked in the middle of the bullet-riddled Quran.
Copies of the pictures of the Quran obtained by CNN show multiple bullet holes and an expletive scrawled on one of its pages.
A military investigation found the shooter guilty and relieved him of duty; he will be redeployed to the United States for reassignment away from the 1st Brigade of the 4th Infantry Division, a U.S. official said.
“The actions of one soldier were nothing more than criminal behavior,” Hammond said. “I’ve come to this land to protect you, to support you — not to harm you — and the behavior of this soldier was nothing short of wrong and unacceptable.”
Officials said the soldier claimed he wasn’t aware the book was the Quran. U.S. officials rejected the claim.
Tribal leaders, dignitaries and local security officials attended the ceremony, while residents carried banners and chanted slogans, including “Yes, yes to the Quran” and “America out, out.”
Sheikh Hamadi al-Qirtani, in a speech on behalf of all tribal sheiks of Radhwaniya, called the incident “aggression against the entire Islamic world.”
The Association of Muslim Scholars in Iraq also condemned the shooter’s actions and the U.S. military’s belated acknowledgment of the incident.
“As the Association of Muslim Scholars condemns this heinous crime against God’s holy book, the Constitution of this nation, a source of pride and dignity,” the groups statement said, “they condemned the silence by all those who are part of the occupation’s agenda and holds the occupation and the current government fully responsible for this violation and reminds everyone that God preserves his book and he [God] is a great avenger.”
AmusingComments Off on Congress Responsible For High Oil and Gas Prices
May182008
I think the explanation for why the Democrats are always on the wrong side, choosing to keep oil in the ground and punish us with higher gas prices is finally coming to light.
The Truth about Oil in America is that we have over a trillion barrels. Why then would Democrats constantly be opposed to us using any of our own fossil fuel to lower prices here? There can only be one logical answer for this. The Democrats are being paid by OPEC leaders to stop development.
Let’s look at the facts. OPEC has money, a lot of money. OPEC and the Islamic Middle East really have only one thing the world wants and that’s oil. If we take away that oil revenue and allow the USA to become “energy independent”, or even not as needful or dependent on OPEC , then OPEC and the entire Islamic Middle East are in deep do-do.
So, the logical thing for OPEC to do is spread some of that oil-money around. Just buying them a little insurance, you know?
OPEC shrugs its shoulder at the fact that Americans pay $4 a gallon for gas. Why would they care? After all, it’s not like any one’s forcing American politicians to take this money.
Energy: With the price of oil spiking above $127 a barrel, the search for scapegoats has begun. Some point to the Saudis, OPEC’s No. 1 producer. Others blame the oil companies. We have a better candidate: Congress.
As President Bush traveled to Saudi Arabia to ask the House of Saud to open the oil spigots a bit wider, Congress showed once again how clueless it is when it comes to energy policy.
Underscoring its failure to grasp the nature of our current problems, the Senate Appropriations Committee on Friday refused to end its moratorium on oil shale development in Colorado.
“If we are really serious about reducing pain at the pump,” Colorado’s senior senator, Republican Wayne Allard, said, “this is a vote that would make a difference in people’s lives.” He’s right.
But the shale proposal went down to defeat with Allard and 13 other Republican members in favor and 15 Democrats opposed. Once again, Democrats were on the wrong side, opting to keep oil in the ground and punish you with higher prices as a result.
This was no minor thing. Estimates put the amount of oil locked in shale in both Canada and the U.S. at more than 1 trillion barrels. Pulling out even a tenth of that would quadruple our current reserves.
This is the same Congress that refuses to allow drilling in Alaska’s Arctic National Wildlife Refuge, which holds up to 20 billion barrels of crude, or offshore, where another 30 billion await.
Meanwhile, Brazil — which recently made a major oil discovery almost in sight of Rio’s beaches — announced that it has leased 80% of the world’s deep-sea offshore oil rigs. In other words, Brazil unlike the U.S., isn’t dithering as prices soar. It’s drilling.
If you think Congress’ decision-making on energy couldn’t get any worse, think again. While Bush was in Riyadh urging the Saudis to pump more oil, congressional Democrats were busy undercutting him, threatening to halt arms sales to our Mideast ally.
It was a politically peevish move with consequences both for U.S. energy security and the balance of power. If we don’t sell arms to Saudi Arabia, Russia will. The result would be a loss of American leverage with the Saudis, who, like many, feel threatened by a nuclear Iran and the menace of al-Qaida.
At least Bush convinced the Saudis to boost output 300,000 barrels a day. That helps. But we still have to do more ourselves.
The U.S. uses about 21 million barrels of oil a day. But only 8 million come from our own sources. That leaves a 13-million-barrel-a-day deficit that, at $126 a barrel, will cost us $600 billion to plug this year. That’s more than two-thirds of our total trade deficit.
Congress could reduce much of our oil shortfall by drilling for more on our own territory. This would lower prices and increase security. Yet, Congress seems dead set on doing the opposite.
With its failure to tap the vast supplies in ANWR and offshore, its passage of costly global-warming legislation and now its refusal to exploit our massive resources of oil shale, Congress has set us on a path to less energy, higher prices and weakened national security.
Let’s see… oil is at about 127 dollars a barrel and he is producing about 3 barrels a day. That comes to $139,065 a year. It sounds like an investment that pays for itself. Where can I buy the equipment to drill my own well? 