Free Markets, Free People

Obama Administration

Ironic and encouraging

And that’s despite this administration doing everything in its power to impede this:

Hydrocarbon trade between the Middle East and the United States has historically been something of a one-way street, as petrostates have made billions selling off their prodigious oil reserves and Qatar has solidified its position as the world’s largest exporter of liquified natural gas (LNG). But the American shale revolution is shaking up the status quo, and two recent shipments of LNG have recently punctuated that shift. . . .

A decade ago, the United States was busy building massive, costly LNG import facilities along its Gulf Coast. What a difference ten years and an energy revolution can make, as those import projects have been idled in favor of export terminals, where workers are chilling America’s substantial stores of shale gas into liquid form and sending them off to ports around the world. The first shipment went to Brazil, but since then cargoes have made their way to Europe and, now, the Middle East.

Like its oil counterpart, the global LNG market is well supplied at the moment, with Qatar and Australia already exporting larger and larger volumes while the United States looks to become a major player in the coming years as more export terminals come online. It’s a buyer’s market, too, as prices have steadily come down both as a result of contracts that have included linkages to oil prices (which are today less than half of what they were two years ago) as well as sluggish demand coupled with surging supplies.

Selling LNG to Kuwait and Dubai won’t suddenly make the Middle East beholden to U.S. suppliers, but it does signal an important and ongoing change in global energy dynamics. And, as more Middle Eastern countries look to derive less of their electricity from costly and relatively inefficient oil-fired power plants, LNG demand should rise in the region. If and when that happens, there will be plenty of producers here in the United States willing to step up and subvert the traditional energy flows between the Middle East and America.

Capitalism, risk taking and innovation are the reason this is happening.  Government was an impediment because government was sure it had a better way, despite the evidence to the contrary.

Government picking the “winners and losers” in an economic situation is simply another form of socialist tyranny, where it acts as though it is the owner of the means of production and rewards the industries it backs while finding ways to punish those in disfavor.  Thankfully, at least in this case, government – specifically the Obama administration – has been out maneuvered by the shale industry and it’s favored industries have all but gone bust.

More irony – the administration tries at every opportunity to take credit for the hydrocarbon boom in the US.

~McQ

Observations: The QandO Podcast for 01 Aug 14

This week, Michael, and Dale talk about all kinds of stuff.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

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Observations: The QandO Podcast for 18 Jul 14

This week, Michael, and Dale talk about The Malaysian Airlines tragedy, Obama, and aggressive policing.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.

Observations: The QandO Podcast for 27 Jun 14

This week, Michael, and Dale talk about the week’s events.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.

Observations: The QandO Podcast for 06 Jun 14

This week, Michael, and Dale talk about Bowe Bergdahl and the economy.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.

Observations: The QandO Podcast for 04 May 14

This week, Bruce, Michael, and Dale talk about Ukraine, the Bundy case in Nevada, and the increasing arbitrariness of the Federal government.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.

Manufacturing a problem for government to solve

It is something government is quite good at doing, even though the solution usually ends up being worse than the problem.

And then there are “problems” that aren’t really problems, but government sees an opportunity to step in and “solve” it via, well, more government and less freedom, of course.

For instance:

Two out of three Americans are dissatisfied with the way income and wealth are currently distributed in the U.S. This includes three-fourths of Democrats and 54% of Republicans.

On it’s face, you might not think much about this, since very few people are satisfied with their condition, regardless of how good it really is.  Everyone thinks they should be doing better.  And, for the most part, many like to blame others for their inability to realize whatever goals and dreams they’ve set out for themselves.  It’s certainly not their fault they aren’t the CEO of a Fortune 100 company … it has to be the “elite” or the “rich” or the “old boy network” that’s kept them from their dream.  And they certainly think they should be making more than they do.  They’re worth it, just ask them.

They’re also fertile ground for the biggest con artist in the world to use their dissatisfaction to promise them their dream at the expense of others.  Instead of saying, “Don’t like your situation?  Work harder and smarter then”, this bunch of grifters promise to use their power to help the dissatisfied get “their due”.  And so:

President Barack Obama spoke about income disparities in a Dec. 4, 2013, speech, saying he wanted to prioritize lowering income disparity and increasing opportunities, particularly for the poor, during the rest of his second term. He most likely will return to that topic in his State of the Union speech at the end of the month. Gallup’s Jan. 5-8 Mood of the Nation survey included a question asking Americans how satisfied they are with income and wealth distribution in the U.S. Few, 7%, report that they are “very satisfied” with the distribution, while 39% of Americans say they are “very dissatisfied.”

Who says a failing economy can’t be used to increase political and governmental power?  Just hide and watch.  Of course, it is no coincidence that the “dissatisfaction” with the “distribution” of “income and wealth” took a nose dive with the economy, is it?

But you know the old Rahm Emanuel saying – “never let a crisis go to waste”, even if it is a manufactured crisis.  If it is an opportunity to expand government (especially if that expansion accrues more power to government and less to the people) then it’s all good.

They’ll have to move fast though:

Obama will almost certainly touch on inequality in his State of the Union address on Jan. 28. This will certainly resonate in a general sense with the majority of Americans who are dissatisfied with income and wealth distribution in the U.S. today. Members of the president’s party agree most strongly with the president that this is an issue, but majorities of Republicans and independents are at least somewhat dissatisfied as well.

Although Americans are more likely to be satisfied with the opportunity for people to get ahead through hard work, their satisfaction is well below where it was before the economic downturn. Accordingly, improvement in the U.S. economy could bring Americans’ views back to pre-recession levels.

Heaven forbid the economy get better before more useless programs can be “funded” and more plans executed to relieve the “rich” and “wealthy” of their money for the usual vote buying schemes.

But with this crew in charge, an economic turnaround isn’t very likely anytime soon … so I’m sure they feel pretty darn safe at the moment and believe that they have plenty of time.

~McQ

Observations: The QandO Podcast for 01 Sep 13

This week, Bruce, Michael, and Dale discuss Syria.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.