The Black Political Review

Posts tagged ‘White House’

Deficit Destruction

The Economic Fun Fair

By Any Means Necessary

Ironically, it is the Right-wing GOP that personifies this now famous phrase.  The Lobbiest, Medical Industry Leaders and various leaders of the GOP will use smoke and mirrors to distort the “Average American’s” point of view while not restricting any aspect of the revenue generated by Health Care or the Medical industry.

6 minutes and 52 seconds of disturbing truth

35 mpg or Bust

“So we have a choice to make.  We can remain one of the world’s leading importers of foreign oil, or we can make the investments that would allow us to become the world’s leading exporter of renewable energy.  We can let climate change continue to go unchecked, or we can help stop it.  We can let the jobs of tomorrow be created abroad, or we can create those jobs right here in America and lay the foundation for lasting prosperity.” -President Obama, March 19, 2009

As an increasing number of households in China, India and other advancing overseas economies join the world’s middle class, they’ll start making such basic purchases as electronic goods, houses – and automobiles. The fact that China’s oil imports jumped 18% in one month is evidence enough that this is happening. And the fact that leading India automaker Tata Motors Ltd (TTM) has unveiled a $2,500 dollar car, the Nano, underscores that international carmakers are looking to recruit a whole new group of motorists.  Couple these facts with the U.S.’ consumption of 21 million barrels of oil per day and the net result is not only the accelerated depletion of a valuable finite natural resource but an exponential increase/advancement of carbon emissions and other destructive “Greenhouse” gases.

To meet the challenge of an ever increasing Demand juxtaposed to an ever decreasing Supply, President Obama has recently called for higher fuel efficiencies, i.e. 35 mpg for some of the 2011 car models sold in the U.S., as well as further exploration of alternative sources of energy and fuel.  U.S. Entrepreneurs and the Government are stepping up to the challenge by exploring alternatives such as Wind Energy to off-set our insatiable consumption.  One Such Entrepreneur from Texas, proposes to build an experimental Wind Energy power plant (in Pampa, Texas) that will serve as an initial model for the next evolutionary step in Energy generation.  This plant will not only produce/generate approximately 4,000 Mega Watts (MW), which is enough energy to power 1.2 Million U.S. homes, but will also result in the creation of thousands of “Green Collar” jobs.

Why Wind energy?  The U.S. Department of Energy has indicated that Wind energy can provide in excess of 20% of our overall energy needs, approximately the same percentage of energy production provided through the use of Natural Gas.  With Wind substituting Natural Gas as an energy fuel, Natural Gas can solely be used as a transportation fuel.  This would reduce our need for Imported Oil by nearly 40%, a reduction of approximately $300 Billion dollars in annual Foreign Oil consumption.  In addition, the use of Wind generated energy provides a “clean” alternative to the use of carbon emitting fossil fuels.

For the economy this would mean lower prices at the pump as well as additional revenue streams from newly created jobs in the area of Power generation, Facility/Community retro-fitting, alternative vehicle production, and Wind Mill/Generator manufacturing.  Thus solving a new and increasing problem using an old and “Sustainable” alternative

The Quiet Before The Storm

If you are like me, you may think that “Peak Oil” is a product that comes from the oil producing company “Peak”. In reality, Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The combined production rate from an oil field over time usually grows exponentially until the rate peaks and then declines—sometimes rapidly—until the field is depleted. This concept is derived from the Hubbert curve, (fig. 1) and has been shown to be applicable to the sum of a nation’s domestic production rate, and is similarly applied to the global rate of petroleum production. Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply.

(Figure 1)

A bell-shaped production curve, as originally suggested by M. King Hubbert in 1956

Why is this important?

As an increasing number of households in China, India and other advancing overseas economies join the world’s middle class, they’ll start making such basic purchases as electronic goods, houses – and automobiles. The fact that China’s oil imports jumped 18% in one month is evidence enough that this is happening. And the fact that leading India automaker Tata Motors Ltd (TTM) has unveiled a $2,500 dollar car, the Nano, underscores that international carmakers are looking to recruit a whole new group of motorists.

The Fallout: For U.S. refiners, oil will first get lots more expensive, and then supplies will start to dry up as countries opt to halt exports and keep the ever dwindling commodity for themselves. As the U.S. currently imports approximately 70% of the oil it consumes on a daily basis, 25% of the World production totaling approximately 21 million barrels, this would be a devastating chain of events.

What can we, as consumers, do?

As consumers, our purchasing power plays a key role in the mitigation of rising fuel costs and overall effects of the “Peak Oil” principle by:

  1. Purchasing American goods and services that will in turn strengthen the purchasing power of the U.S. dollar.
  2. Ensuring that our cars and trucks are tuned to ensure they are capable of achieving the best possible fuel efficiencies.
  3. Minimizing household fuel consumption by weather proofing, insulating and lowering thermostats to 68 degrees.
  4. Minimizing unnecessary travel or using mass transportation when possible.

Taking aggressive actions to reduce our dependence on oil will avoid the ramifications of production Peak.

Is America Ready To Make Them 1st Family

When you look at this picture what is the first thought that comes to mind? Is it a loving father and mother sharing time with their daughters? How about a Norman Rockwell painting? Or how about two parents sharing a moment with their kids just before bedtime? You cannot go wrong with any of those choices and I’m certain you have other thoughts.

For me, the only thought that comes to me is if America is REALLY READY to elect Sen. Barack Obama to the office of the President of the United States. Is America REALLY READY to give the keys to the White House to the Obama’s and make them the first family.

Is American REALLY READY? Are you REALLY READY?

Bill vs. Barack Is Getting Nasty

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Photo By: Getty Images

I am willing to bet my house that Barack Obama never figured he would have to fight two Clinton’s on his quest for the Democratic nomination. That is exactly where Sen. Obama finds himself in the midst of this very tight race for the White House. Former President Bill Clinton has been relentless during the past several weeks and has caused a tidal wave of controversy.

Many senior members – Sen. Ted Kennedy and Rep. James Clyburn – within the Democratic party have personally reached out to President Clinton asking him to reduce criticism of Obama. The Senator from Illinois even made an appearance on ABC television this morning proclaiming he will not tolerate the assault much longer from Clinton.

The Clinton campaign released a statement that they will not change their approach… stay tuned for the potential beginning stages of the exodus of African-Americans from the Democratic Party.