Volume IV, Issue XIII
The Ballad Of Jed Clampett
Come and listen to a story about a man named Jed
A poor mountaineer, barely kept his family fed,
Then one day he was shootin' at some food,
And up through the ground came a bubblin' crude.
Oil that is
Black gold
Texas tea.
Well the first thing you know ol Jed's a millionaire,
Kinfolk said "Jed move away from there"
Said "Californy is the place you ought to be"
So they loaded up the truck and moved to Beverly.
Hills, that is.
Swimmin' pools.
Movie stars.
The Truth About Oil
Find it on your own land and it will change your life. The 'other' weekly news magazine this week boldly proclaims: "The Truth About Oil." They acknowledge the fact that new techniques are increasing our recoverable domestic supply but are quick to point out that this will not necessarily bring the price per gallon down. True, the methods are more expensve than drilling a gusher in the good old days, but as technologies come into more widespread use, guess what?, the price goes down. Also, here is the real argument for domestic production: Those are American workers getting the paychecks. Domestic production creates domestic economic development. Money that once went overseas stays right in North Dakota or wherever the production is.
Another reality of domestic production will be price stability, allowing businesses to have more confidence in their projections because energy won't be such a wild variable. Steady costs are so much more of a boon to businesses than costs that fluctuate wildly between unrealistically low and high.
Finally, the whole matter of national security demands that we do the best job of providing for our own needs with our own resources. We need to be able to manage our own destiny apart from the Middle East.
The Second Oil Revolution
Victor Davis Hanson Reports [click to read] on this exciting development.
"Given that North America in general and the United States in particular might soon be completely autonomous in natural gas production and within a decade without much need of imported oil, life as we have known it for nearly the last half-century would change radically." -- Victor Davis Hanson
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