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Letters by a modern St. Ferdinand III about cults

Gab@StFerdinandIII -

Plenty of cults exist - every cult has its 'religious dogma', its idols, its 'prophets', its 'science', its 'proof' and its intolerant liturgy of demands.  Cults everywhere:  Corona, 'The Science' or Scientism, Islam, the State, the cult of Gender Fascism, Marxism, Darwin and Evolution, Globaloneywarming, Changing Climate, Abortion...

Tempus Fugit Memento Mori - Time Flies Remember Death 

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Thursday, April 28, 2011

Break OPEC, Drill for oil in North America

Forget moonshine, wind power and solar power.

by StFerdIII

The modern Muslim Jihad, an ongoing 1400 year existential, material and physical event, is funded with oil. The ransom/Jiyza tax is paid from Western states who discovered, refine and use manufactured oil and oil by-products in Western created technologies. No one can make a coherent argument as to why $1 Trillion a year needs to be sent overseas to Arab and Muslim kleptocracies. Even our so-called allies the Saudis through OPEC, manipulate oil prices higher to fund the expansion of the ruling elite's power and wealth; and of course the Jihad.

So what do the clever North American politicians, bureaucrats and most media support ? No drilling. No new refineries. No increase in capacity. Moonshine [ethanol] for cars. Wind and solar power for businesses and residences [good luck with that – zero energy is produced from either of these subsidized losers]. Or maybe the regression of society to one of neolithic-Mother Earth loving forest dwellers [at one with nature and so pure and just].

Oil prices will go higher, and a lot higher, thanks to the deliberate US policy to debase and eventually erase the US $; and of course the moratorium on drilling in North America. Oil price futures would fall 20% overnight if the US and Canadian governments announced that drilling and increasing refinery capacity would be official policy. 200 billion of barrels exist to be developed just in the western US shale deposits of Colorado and North Dakota. Another 500 billion can be extracted easily in the Canadian Tar Sands, the far north and in the US Beaufort sea. The Saudis have 200 billion in reserve by contrast. The Iraqis a similar amount. Why are we sending Muslim regimes a head tax for a product we discovered, to be used in technologies we created? It is mindlessness.

But the politicians would rather demagogue the oil companies and link any use of carbon to the destruction of dear old Mother Earth. More mindlessness. Tax the rich more. Tax the oil firms more. No drilling. No refining capacity increase. Moonshine for cars. Oil prices at $5 or $10 a gallon. Now that is clever earth-friendly policy.

"One of the main so-called subsidies that Mr. Obama wants to eliminate is for the expensing of intangible drilling costs, which has been part of the tax code since its inception. This immediate deduction—rather than amortizing the costs of development over a longer period—provides the capital and cash flow necessary in an industry where the risks are huge and returns are realized over many years, if not decades.

The rest of the items on Mr. Obama's list are tax credits offered to all manufacturers, not just oil and gas. Mr. Boehner's full comments at least revealed the right instincts—namely, proposing to eliminate such carve-outs in return for a lower corporate tax rate as in the Republican budget. The same reform should apply to clean (as well as all other) energy concerns too.

The liberal drive to tax Big Oil is rooted in an ideological commitment to higher energy prices, not consumer relief. The U.S. Energy Information Administration reports that the effective U.S. corporate tax rate for the oil majors was 26.3% in 2009, not counting royalties, excise taxes or bonus bids for leases. The effective rate typically tracks production and rises and falls with the price of oil. In 2008, it was 42.3%.”

By all means close loop-holes for corporations. But then lower the corporate tax every year until it goes to zero. Instead of actually solving the 'oil price crisis', politicians like the O-Deity will ignore facts and reality and simply demagogue 'big business' and 'big oil'. Maybe they enjoy the transferring of the head-tax to Islam, a cult dedicated to the eradication of the West. Maybe as well they truly relish the idea of everyone driving a battery powered car at 40 km per hour; for 10 km......[except for themselves of course, they will be conducting their important business in a oil consuming stretch Hummer limousine....]. In the real world we need to break OPEC [one good reason to be in Iraq amongst many]; and drill for oil in North America, anywhere and everywhere.

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