New WP policies

New WordPress policy started May 22, 2018. But I don’t know if the policies are new or just the disclosure of them in this way.

If you notice the banner at the bottom of the page on coolies privacy policy, you can view the information about the policies

So I’ve checked them and most of it seems pretty standard. However, there is still always a factor of how third parties use the information they collect, and what user information they are allowed to receive.

This brings to mind thoughts about the internet marketplace. It has me asking questions about the power of advertising, or ad partners. And about the indiscriminate ads that are applied to one’s site, unbeknownst to the site owner. These things bring up issues related to leftist activism, focused at people they disagree with. Seems like there is a can of worms there just waiting to be opened.

A lot of this disclosure, as well as some rules, seem to be based on the EU regulations.

*GDPR — General Data Protection Regulation of the EU

Here is something that stymies my mind. Obviously I am not in the EU. However, one of the WP tools, Akismet, gives you this reminder.

To help your site be compliant with GDPR and other laws requiring notification of tracking, Akismet can display a notice to your users on your contact form. This feature is disabled by default, however, if you or your audience is located in Europe, you need to turn it on.

Now you have no control over who your viewers are. So does that mean just because there is a chance a viewer may be in the EU, you are compelled to comply with GDPR?

Right Ring | Bullright

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Facebook Faceplant Hearing

Notable points from Facebook, Zuckerberg hearings.

House notes on Energy and Commerce hearing
2012 Election

“In 2012, the Obama for America presidential election campaign worked with the company to allow users to sign into the campaign’s website via Facebook. According to accounts at the time, the Facebook application gave the campaign access to both those that signed into the campaign, as well as the “Friends” of such persons — “the more than 1 million Obama backers who signed up for the app gave the campaign permission to look at their Facebook friend lists.” This gave the Obama for America campaign access to “hidden voters” for which they otherwise lacked contact information.

Carol Davidsen, Director of Integration of Media Analytics for Obama for America, via Twitter, stated that “Facebook was surprised we were able to suck out the whole social graph, but they didn’t stop us once they realized that was what we were doing.” This in turn allegedly allowed one political party to download and retain individual user data which was not provided to other political organizations. “

It worked well for Obama. The problem comes when someone else from the conservative side finds a way to use Facebook. Zuckerberg was also asked but completely ignorant about details of past privacy lawsuits. This proved he was just an empty suit. 

Sham, most Republicans were simply not up on the technology or prepared. Pandering was on full display. Zuckerberg also could not address the data collection of non-FB users.

Overall, he kept returning to his canard that Facebook does not sell data. I think that line might haunt them. But marketing people’s personal data to companies at a profit may as well be. Their commodity is your personal information. If I market cars in a lot I can say I am technically not selling them, but I am getting paid for doing it.

Congressmen and Senators were more interested in looking to get broadband access for their districts and constituents, which Zucky was happy to say he would work toward.

On the censoring part, Zuckerberg had no answers. He claimed they would have over 20 thousand content screeners (FB conflates with security) by the year’s end. And he said they were working on creating more AI (artificial intelligence) tools to do censoring.

So the censoring will go on, and will be automated. He also referred to users flagging or reporting offensive content. So is it a mob sourced censorship platform too? To posture, pander, promote FB should not have been the objective for Congress.

Then, Mr. Zuckerberg, are you willing to help us with making the regulations etc.? Oh, he would be more than happy to have his team assist. Sure, sounds like a plan. 🙂

PS: Georgia Republican Rep Buddy Carter said he doesn’t want to legislate morality. Great. But Zuckerberg and his Facebook fascists do — and are hard at work trying.

Right Ring | Bullright

Privacy and use of info data

I’ve got a new thought. It might still have some wrinkles but I’ll throw it out there. All the attention focused on privacy and social media, I share your concerns. Then come all the news of Facebook selling your data info, without your permission or knowledge.

Surely they aren’t alone either. Obama pilfered data just fine. They cheered.

That said, who likes having their data used and sold off as a commodity? Then they promise you security. No, how about the owner of the info gets paid for their own information? What’s wrong with that? I like the idea that they pay me. Clicks and everything else is a cash cow for merchants of info. It is now a business model.

So how about they pay you for your data they want? We have a commodity they want, we create it. Why should we get cut out of the market? A middle man sells it off and you don’t know how it is used nor by whom. If it really is a market that is. That’s me. Glitches?

Right Ring | Bullright

DNC clowns easy marks for Awan family

See no evil say no evil… but if you see evil: say nothing, know nothing, do nothing.

I told you so is written all over this. No interest from the press, wonder why?

Daily Caller

Every one of the 44 House Democrats who hired Pakistan-born IT aides who later allegedly made “unauthorized access” to congressional data appears to have chosen to exempt them from background checks, according to congressional documents.

All of them appear to have waived background checks on Imran Awan and his family members, even though the family of server administrators could collectively read all the emails and files of 1 in 5 House Democrats, and despite background checks being recommended for such positions, according to an inspector general’s report. The House security policy requires offices to fill out a form attesting that they’ve initiated background checks, but it also includes a loophole allowing them to simply say that another member vouched for them.

Among the red flags in Abid’s background were a $1.1 million bankruptcy; six lawsuits against him or a company he owned; and at least three misdemeanor convictions including for DUI and driving on a suspended license, according to Virginia court records. Public court records show that Imran and Abid operated a car dealership referred to as CIA that took $100,000 from an Iraqi government official who is a fugitive from U.S. authorities. Numerous members of the family were tied to cryptic LLCs such as New Dawn 2001, operated out of Imran’s residence, Virginia corporation records show. Imran was the subject of repeated calls to police by multiple women and had multiple misdemeanor convictions for driving offenses, according to court records.

If a screening had caught those, what officials say happened next might have been averted. The House inspector general reported on Sept. 20, 2016, that shortly before the election members of the group were logging into servers of members they didn’t work for, logging in using congressmen’s personal usernames, uploading data off the House network, and behaving in ways that suggested “nefarious purposes” and that “steps are being taken to conceal their activity.”

More http://dailycaller.com/2018/04/01/democrats-pakistani-background-checks/

Looks like all one big happily incestuous family. The DNC Cosa Nostra.

Well, why would anyone have to go to all the trouble to hack a system when they can just walk in there and do it, get paid for it, and then have Congressmen vouch for them?

Let’s just say they are all having a big Sister Sledge moment

    Everyone can see we’re together
    As we walk on by
    And we fly just like birds of a feather
    I won’t tell no lie
    All of the people around us they say
    Can they be that close
    Just let me state for the record
    We’re givin’ love in a family dose

All in a Facebook day’s work

What is the rub on or about Facebook? First of all, I think a lot of people are looking at Facebook’s relationship with its users in the wrong way.

The problem is the business model is not what many people assume it is. The users, those people who put all their personal information on there, are actually the “product” – not the client or consumer. That’s not just me, even CNN’s business pundits have said it.

The client of Facebook is the advertisers or those who use that bulk information, which Facebook sells too. See, it is just that people have misunderstood the real business model.

And when it comes down to protecting the users? Well, that was never the real priority or objective of the business model. Protecting their clients, the advertisers or paying consumers, is a necessary part of the model. They are the consumers.

 

See also: https://www.infowars.com/revealed-leftist-bias-of-internet-social-media-giants/

Right Ring | Bullright

Google does “gun” control

Look how Google does gun control, like they do everything. Add it to the mix.

Google tried censoring ‘gun’ shopping searches. It backfired

Philip Wegmann | Feb 27, 2018 | Washington Examiner

In the wake of the Florida school shooting, Google decided to take a stand. The gatekeeper of the Internet decided to filter shopping searches that included the term “gun.” It didn’t go so well.

Early Tuesday morning, Internet shoppers started noticing and documenting the digital gaffes. Users received error notices when they searched for glue guns and water guns, toy guns and airsoft guns, nail guns and nerf guns. The algorithm is apparently so strict that even the color “burgundy” triggered an error because it includes “gun” in the spelling.

This set off something of a parlor game on social media. Turns out, adults don’t like it when faceless bureaucrats try enforcing arbitrary restrictions — federal, corporate, or otherwise.

Casey “Stable Genius” Smith found that Google now censors “Laguna Beach.”

Technousayt observed that the beloved Tom Cruise film about beach volleyball, “Top Gun,” also could not be found.

Read more at: http://www.washingtonexaminer.com/google-tried-censoring-gun-shopping-searches-it-backfired/article/2650230

So it got interesting in all kinds of ways. But it does show how active Google is about monitoring political debate. How many other filters are they now applying?

Follow the trail

It’s nothing new for creatively radical leftists. For instance, the media developed a new trend for pushing gun control. Fox already reported media pushing Florida teen survivors as ambassadors for gun control. Laura Ingraham asked who out there wants to take political advice from students? No one.

But that doesn’t stop MSM like CNN and MSNBC from using the teens as experts on all things guns. Great, they know so much about everything else, don’t they? So they put kids against pols as gun control advocates. It doesn’t stop there.

Another media trend: in a half hour segment on the Fla shooting, CNN put up a pundit from Brussels and then one from London to tell us what our gun laws should be. Of course they exploited the chance to tell us. CNN never said why their opinion was important.

Shame maybe? That’s it, they want to guilt us into gun control the same way media guilted the country into electing Obama — and then unable to throw him out like trash.

On a similar note, Tucker Carlson had a DACA advocate for illegal immigration who lectured about sanctuary cities and laws. Now illegals are telling us what our immigration law should be. He didn’t like Tucker saying he was not an American because he wasn’t a citizen. Yet bozo started every sentence saying “we” should… do this or that.

The arrogance knows no boundaries. We must heed the advice of non-citizens on our own country? Next they will try to lecture us on who to elect, vote for, and draft our laws. Illlegals already demand they will decide who immigrates here via chain migration.

See a trend? Have the outsiders, or those who are part of the problem, be policy experts. How about asking MS 13 gang members what we should do on gang violence? Let’s have inmates run parole boards. Ask children and minors to develop our drug laws.

Though supporting Brexit like Nigel Farage is smeared as illegitimate. So when you want your country back, you are labeled an extremist on the outside fringe — despite polls.

But we need to bring in outsiders to set our laws and policies … or get students to do it.
The new rule must be that citizens are overruled and irrelevant. The coup of America.

Right Ring | Bullright

Google slanting search info

Google’s New Fact-Check Feature Almost Exclusively Targets Conservative Sites

Daily Caller

Google, the most powerful search engine in the world, is now displaying fact checks for conservative publications in its results.
No prominent liberal site receives the same treatment.

And not only is Google’s fact-checking highly partisan — perhaps reflecting the sentiments of its leaders — it is also blatantly wrong, asserting sites made “claims” they demonstrably never made.

When searching for a media outlet that leans right, like The Daily Caller (TheDC), Google gives users details on the sidebar, including what topics the site typically writes about, as well as a section titled “Reviewed Claims.”

Vox, and other left-wing outlets and blogs like Gizmodo, are not given the same fact-check treatment. When searching their names, a “Topics they write about” section appears, but there are no “Reviewed Claims.”
In fact, a review of mainstream outlets, as well as other outlets associated with liberal and conservative audiences, shows that only conservative sites feature the highly misleading, subjective analysis. Several conservative-leaning outlets like TheDC are “vetted,” while equally partisan sites like Vox, ThinkProgress, Slate, The Huffington Post, Daily Kos, Salon, Vice and Mother Jones are spared. [More]

Why is Google made the de facto cop on the beat? We saw the same thing with Obama where friendly Leftist commentary went to the top of the search. Selective targeting is the kind of thing conservatives, or Republicans, have grown accustomed to seeing.

Cyber Statement

Statement by President Trump on the Elevation of Cyber Command

August 18, 2017

I have directed that United States Cyber Command be elevated to the status of a Unified Combatant Command focused on cyberspace operations.

This new Unified Combatant Command will strengthen our cyberspace operations and create more opportunities to improve our Nation’s defense. The elevation of United States Cyber Command demonstrates our increased resolve against cyberspace threats and will help reassure our allies and partners and deter our adversaries.

United States Cyber Command’s elevation will also help streamline command and control of time-sensitive cyberspace operations by consolidating them under a single commander with authorities commensurate with the importance of such operations. Elevation will also ensure that critical cyberspace operations are adequately funded.

In connection with this elevation, the Secretary of Defense is examining the possibility of separating United States Cyber Command from the National Security Agency. He will announce recommendations on this matter at a later date.

Through United States Cyber Command, we will tackle our cyberspace challenges in coordination with like-minded allies and partners as we strive to respond rapidly to evolving cyberspace security threats and opportunities globally.

 

Short and sweet? Trying to elevate my thoughts.

Westinghouse down but not out

Forbes
James Conca , | Contributor

Westinghouse Bankruptcy Shakes The Nuclear World

On Wednesday, Westinghouse Electric Company filed for Chapter 11 Bankruptcy in New York to restructure itself as a result of costly problems at the AP1000 power plants it’s building in Georgia and South Carolina.

Westinghouse has obtained $800 million in debtor-in-possession financing from a third-party lender to help fund and protect its core businesses during this reorganization.

Its Japanese parent company, Toshiba, declared that its nuclear power business has already lost $6 billion, which could go up to $10 billion, and is seeking ways to limit its liability. Toshiba shares have lost over $7 billion in market value this fiscal year.

Westinghouse selected the Shaw Group, led by James Bernhard Jr., to spearhead construction. Bernhard, a wheeler and dealer, ../

In the meantime, Westinghouse turned to a real nuclear construction contractor, Fluor Corporation, to get the nuclear plants back on track, but it is too early to tell how successful they will be. Even with the cost overruns and delays, these reactors should get completed and they should still have lower life-cycle costs than renewables or new coal.

More: https://www.forbes.com/sites/jamesconca/2017/03/31/westinghouse-bankruptcy-shakes-the-nuclear-world/#10d7370f2688

It’s unclear to this simple laymen why they originally would have gone with the nuke-upstart Shaw Group? A big company like Westinghouse and Toshiba…like shouldn’t they have seen this coming? On the other hand Fluor — a company even I worked under a short time — is an old standard, and dependable.

Why did it take them so long, and make it so costly, to turn to them? Just seems they were out to cut corners(costs) from the beginning and got burned. What else explains it? Plus some inner-industry ego rivalry. Now they’ll pay for their errors.

But then the way media were starting to report the story as if Westinghouse was finished. And likely it will be spun into an anti-nuclear power story, which it is not if you read this report. In fact, nuclear energy should be enjoying a resurgence. Thanks Westinghouse-Toshiba [sarcasm], you didn’t do the sector any favors.

Tech libs restless in Silicon Valley

Report: Silicon Valley ‘Wants to Fix This Election’

by Joel B. Pollak26 Sep 2016 | Breitbart

The popular tech blog TechCrunch reported Monday that Silicon Valley giants are so worried about the rising prospects of Republican presidential nominee Donald Trump that they are scrambling to find and fund ways to encourage more people to register to vote — presumably for Democratic nominee Hillary Clinton.

In a story titled “Tech really wants to fix this election,” TechCrunch reporter Kate Conger reports that “tech companies from Google all the way down to small startups like Sam Altman’s VotePlz, which launched a million dollar registration sweepstakes today, are trying to” boost registration.

Moreover, “although most claim to be nonpartisan,” Conger notes, “it’s clear that Donald Trump’s unusual campaign has ignited investors and pushed them to act.” She adds:

More http://www.breitbart.com/california/2016/09/26/silicon-valley-report-tech-wants-fix-election/

I wonder if that also goes for other creative ways to affect the results of the election? I’m sure Google et al are on board now, doing whatever they can. How far will they go?

Real time results on elections?

A new organization wants to call the progress of elections, the winning or losing in chosen areas, in real time as it happens.

Depending on your preference for more information, you may disagree or agree with what they are doing. I don’t happen to like it. Much of it is based on modeling etc.

New York Times: Real-Time Election Day Projections – By Nick Corasaniti

PALO ALTO, Calif. — Now, a group of data scientists, journalists and Silicon Valley entrepreneurs is seeking to upend that reporting tradition, providing detailed projections of who is winning at any given time on Election Day in key swing states, and updating the information in real time from dawn to dusk.

The plan is likely to cause a stir among those involved in reporting election results and in political circles, who worry about both accuracy and an adverse effect on how people vote. [More]

The spokesman has been promoting their system as an announcer of a ball game. That sounds quaint, doesn’t it?

The problem I have is he wants us to think of it as just calling the “play by play” without accepting any responsibility for its influence on results.

He claimed it is still up to press or media to call the final result. Yes, but in a way that is what he is doing all along. People can then be influenced or react based on their coverage. And we already see enough media involvement with the elections.

Ford’s Focus on Mexico

Ford to build huge plant in Mexico despite outrage

Trump blasts Ford over plans for new Mexico plant
Brent Snavely, Detroit Free Press | April 5, 2016 | USA Today

Ford Motor (F) said Tuesday it will invest $1.6 billion to build a new plant in San Luis Potosí, Mexico to build small cars, making it the latest automaker to expand its presence there.

Ford’s investment in Mexico will create more than 2,800 jobs by 2020, delivering a blow to the UAW, which pushed for higher wages in its contract talks with the automaker last year. The announcement also comes amid a presidential election where the the leading Republican candidate, Donald Trump, has publicly pressured Ford to drop its plans to expand in Mexico.

Ford said Tuesday it remains committed to investing in the U.S. and adding jobs in America even as it expands its presence in Mexico.

More: http://www.usatoday.com/story/money/cars/2016/04/05/ford-mexico-jobs-new-plant/82649768/

Ford is building plants in Mexico and the US is building a future in denial.

Government marginalized the church

The Breitbart Interview With Franklin Graham: The Government ‘Has Marginalized the Church’

Breitbart | Jan 6, 2016

Franklin Graham, CEO of Samaritan’s Purse and the Billy Graham Evangelistic Association, tells Breitbart News the government in the United States: federal, state and local, “has marginalized the church.”

The Breitbart News interview with Graham comes one day after he launched his 50 state “Decision America 2016” tour on the steps of the State Capitol in Des Moines, Iowa. Graham’s goal is to encourage Christians to participate in the political process this election cycle by voting for candidates who support Biblical values and by considering their own run for office.

“We have removed God from the political process,” Graham tells Breitbart News.

“One hundred years ago, pastors were the political leaders in the community,” Graham says.

More: http://www.breitbart.com/big-government/2016/01/06/breitbart-interview-franklin-graham-government-marginalized-church/

He is right. But then I know what this article will spawn. All those who jump on the anti-Christian bandwagon. Theocracy will be the buzzword. Never mind how this ‘slander the Christians’ campaign is working out, over the years. But now there is a new band leader with Obama out front chastising Chrisitians every chance he gets.

 

 

Blimp goes AWOL

So its run came to an end after causing real damage.

There were no injuries reported. NORAD said a military recovery team was on the way to the area. Moreland Township is about 20 miles east of Williamsport, and about 120 miles northwest of the proving ground. At one point the blimp climbed to 16,000 feet, NORAD said.

The blimp had a tether of approximately 6,700 feet — more than a mile — attached when it broke free, Aberdeen Proving Ground said.

The dragging cable knocked out power to around 30,000 people in Pennsylvania, Gov. Tom Wolf’s office said in a statement. By Wednesday night power was restored to most customers, with 311 without electricity as of 11 p.m., power company PPL Electric said.

http://www.nbcnews.com/news/us-news/fighter-jets-track-military-blimp-drifting-over-pennsylvania-n453106

But then you gotta love the claim number to call if you had damage from the blimp, which caused mass power outages. Yep, just another day in government work!

Tracking ISIS and Terrorists

News on security tools for terrorism

Eric Rush’s blog reports:

Russian Computer Geeks Create Program That Locates ISIS Recruiters’ Social Media Accounts

(RT.com) – A group of Russian computer specialists has teamed up with Muslim scholars to create a computer program that automatically detects social media and other online accounts used by Islamic State terrorists to lure new members into their group.

The project was started by the non-commercial Center for Research of Legitimacy and Political Protest. Its director Yevgeny Venediktov told Izvestia daily that the search for terrorist recruiters will use a program called “Laplace’s Demon” that was developed by the center’s IT specialists in the spring.

Read more at http://instigatornews.com/russian-computer-geeks-create-program-that-locates-isis-recruiters-social-media-accounts/

Well, someone is doing something.

Original source

Does medium matter to success?

The internet itself is a giant blank page to write on so why not just take that literal approach on a blog? Sometimes I start writing and don’t know where it is going to go. Just let the spontaneity roll down the edges of at least this post.

So I was looking at one of those writer sites, I’ll leave nameless. They were debating about fame and winning an award in writing in print and elsewhere verses — note they set up the juxtaposition — writing on Internet like blogs, FB, comments etc. Someone compared the Internet to a sandbox. That’s why I called it a blank sheet of paper.

The idea is that they are different venues and, one supposes, different talents too. The conclusion is that one must move on from this giant sandbox to a more serious medium to have or show great talent. That has me wondering. Getting fame or recognition in print or other, possibly winning some award, is a more meaningful measure of success? Maybe there are different views on that.

The Internet can be more casual or comfortable, if not seductive and addictive, than stiffer media. I’ll buy that they have their differences. Though the idea is a person must use other means to achieve success than the web. I might be reading more into it than they said, but that is the idea. The Internet is ‘a sandbox but one must build elsewhere,’ as one put it.

A lot to chew on for subject matter. I know there are many aspiring writers on the Internet. It suggests one must move on to other media. Need one give up the web — one or the other? I’m not sure. I wonder what others think?

There is a more freestyle movement on the web that is for sure.

“In the arts, a medium is a material used by an artist or designer to create a work.”- Wikipedia

As Hillary turns… the latest

(With a little splash of satire and sarcasm)
Grab a cup of coffee and sit down, man do I have a far-fetched story to tell you. No, they haven’t landed on Mars….yet anyhow.

But you remember that Hillary Clinton, who was running for president in ’08, and all the flack she got about her records? Or do you remember her when Bill was president, how there were all those document problems? Heck, I still don’t know if they found them all. Wasn’t there a closet, basement, law office files and lots of boxes — here and there?

Well, you know how she was Secretary of State and high profile for years running the State Department? Well, it turns out she set up all her email addresses outside the official State Department. Why do you suppose she’d ever thinnk of doing that? An old hand at record chases and archives ought to have something to do with it. But the best part is she set up the servers for it at her house in Chappaqua. Did you ever hear anything so weird?

Now you and me both know the Clintons are no perfect politicians but this takes the cake, after all the troubles she had over her records — or lack thereof — before. Then you know Bubba runs the Clinton Global Initiative.”The mission of the Clinton Global Initiative is to turn ideas into action.” Sure he’s busy running that and money is flowing, like it always does with the Clintons. Well, except when they are dead broke – which must be often.

Anyways, all this has me thinking what the hell is wrong with her? I mean she knows you can’t just do that and opt out of the governmental system of things. Doesn’t she know her boss, Barry, is the only one who can truly hide his records and get away with it, without people making it a big deal? But Hillary now, she has some ‘splaining to do.

Still, even the record obfuscator, Barry would be aware she was doing that. I mean the guy spent half of his first campaign chasing down Hillary’s records to attack her. Now she must have had some reasons to do that, obviously. She didn’t want the public prying into the records. Maybe she didn’t want her boss looking over her shoulder keeping tabs on her? Never know, but that is the point, why? I hear she never much trusted him, and I don’t think he did her either. Nor was Bubba happy with team Obama after that deal in South Carolina labeling him a racist. Then Bill said ‘this whole thing is the biggest fairytale I’ve ever seen.’ Talk about fair tales. I suppose he might be over that by now.

So why do you suppose she would go to all that trouble to keep her emails out of the loop? And since she quit State she’s been pretty quiet what with working with Bill in the Foundation and all, and busy raising money for her campaign I mean the foundation, or something like that. See if all those emails and stuff was sitting there in servers in the house, it would be in the same place as Bill and the foundation’s business. It’s all sort of confusing, isn’t it? I mean I can’t figure this out. Bill was the one we used to call slick Willy. You suppose he had access to all that information of State too? Does that conflict with what he is working on?

“The White house guidance is,” according to Josh Earnest….oh never mind, what difference at this point does it make anyway?

Get this, then she went around the State Dep. lecturing her own people to not use private email accounts. I guess no one there asked her about hers. Funny. What could be going on there? It’s only water-cooler talk now, you know how people do when something new goes around. At least two key people knew it all along, Obama and Hillary. Three with Bubba. So if most everything was sent to her that would be a huge amount of data, wouldn’t it? I mean they’d have to be industrial sized servers these days with the amounts of email, especially as the Sec of State.

The thing that gets me is the big Global Initiative and the Clinton Foundation that Hillary’s been helping out with. I bet many of the same places and people are overlapped in both the Foundation and State. Seems like it would be a giant web, oops that’s the wrong word.

The cover story is an inference from State that the issue is broader than Hillary:

On Tuesday, Harf said, “We reached out to all of the former secretaries of state to ask them to provide any records they had. Secretary Clinton sent back 55,000 pages of documents to the State Department very shortly after we sent the letter to her. She was the only former secretary of state who sent documents back in to this request. These 55,000 pages covered her time, the breadth of her time at the State Department.”

It just gets curiouser and curiouser with those Clintons, doesn’t it? There always seems to be large amounts of money involved too, no? I can’t wrap my head around how all this fits together. There’s former president Bill, and Hillary sets up servers directing all her State Department info there. He’s sitting there beside it saying what is she working on, I wonder? Then she is set to run for president unchallenged. Tricky Dick had nothing on Hypocrite Hillary. She crossed that bar long ago.

Hillary, you’ve got mail!

RightRing | Bullright

Death of a price point

Now with the death of Saudi King Abdullah, the flurries of questions began. What about the oil market, prices in particular, and what effect new leadership will mean for oil?

Well, complex answers don’t stop reporters from asking, except maybe in the case of Obama. The go to man is apparently Prince Alwaleed. He gave a robust defense of supply and demand, then shocked probably even OPEC countries by declaring we will never see triple digit oil again. In fact, he said we will never see hundred-dollar oil prices again.

See CNBC for video and article: http://www.cnbc.com/id/102363511

“I can assure you that Saudi Arabia is not using the oil price right now to impact the fracking industry in the United States,” he said, adding that “there’s an oversupply and demand is not so high.”

He insists there will be little change on current oil policy from a King Salaman government. He does have a grasp of understanding about the subject. It’s obviously true the current prices do hurt the Kingdom. It also hurts other oil-dependent countries. But his point was if they cut production that “gap” would only be filled by some other country. And it would. So it seems their production level alone is not running the market. The dynamics indeed have shifted since the US began producing more.

Now there’s one voice on the record publicly declaring the death of triple digit oil. That in itself should be a big deal. So stick a fork in hundred-dollar oil?

Oil illusions and/or delusions

(Part 1 of 2)
I posted a piece on the current oil price decline. I could be wrong on my interpretation. Now that I think more about it, I just don’t know.

There are many different angles and factors in the issue. I decided to list some of the variables in an attempt to put the pieces on the table to get a full view, not to prove one view or another. I just thought it would be interesting to see the components.

Basically there is a view catching wide reporting that the decline in prices have hurt the domestic oil industry, and in particular Texas. Some reports describe it as a Saudi war on Texas. The narrative is that Saudis are flooding the market with oil with the intent to hurt our production, namely shale and fracking businesses, which are more cost intensive than cheaper Saudi oil.

A lot of people believe that and follow that line of reasoning. I’m not so sure. I wrote the previous piece off the cuff in reaction to a couple reports I saw getting widely spread. A few days later and I see more reports from economists with the same perspective. It has me wondering am I the lone person who questions that? Did I miss something or am I making a mistake, as sometimes happens? Am I too quick to jump to conclusions or is my bias getting in the way? There can be different opinions.

By nature some reports are kind of hard to understand and complicated anyway. But then I am no economist, and many of these people are degreed academics. I generally have some healthy skepticism and especially when I see piling on a theme. In the end, maybe there is no correct view, and maybe it cannot be seen in just one way.

Supply and demand. This is the talking point that we have heard most in the last 6 or so years. They claim it is market forces driving the high consumer prices we have seen, and actually come to accept as the new normal. This explanation is so institutionalized that we had countless investigations on higher oil prices only to be told it is just supply and demand. Those investigations don’t reveal any gimmickry, so we’re told, and no market manipulation. In fact, reports are no one can manipulate the industry. The very idea would be absurd.

There are investors and traders and hedge funds, oh my. We hear they are the ones to blame for prices. They call them speculators. They bid the prices up to higher levels. There is an awful lot of trading going on.

Cheap oil flooding the market. In the latest analysis the Saudis are leveraging their low cost oil by flooding the market in an attempt to lower costs, making higher cost production less profitable, if at all. This will stop the investment in these processes and stop the industry in its tracks. This is the point of the current reports.

Consumer demand. We will buy something at a marketable price. But in theory the higher the price is the less you will buy, or the less you want to buy it. As prices moderate or come down, you sell more of it. So even in a down economy people will buy just what is necessary, sometimes taking from other expenses. Especially at rising, or higher prices, other goods are affected because they have less money to spend. So people cut back in discretionary spending or luxury areas to offset the higher prices at the pump. Plus they cut use of the product in any ways they can. But other areas of the economy have to be affected because a bigger chunk of the money is going to a particular necessity. For instance less for clothes, food, and less disposable income.

Subsidized economies. Some countries subsidize certain areas of the economy. Many oil rich countries have lower consumer prices due to government subsidies. Some governments own or control the resources and depend on those resources for revenue to fund their government.They make budgets and decisions based on price projections.

Taxes. the money paid to gov’t on refined goods. Higher prices bring higher taxes.

OPEC, a group of oil rich nations allying to make adjustments en masse on production etc.They meet frequently to discuss their issues and concerns. (That I compare them to the Genovese crime family is neither here nor there — they are what they are) They can move or function as a bloc. They have a union concept working for them.

Oil companies, international or domestic, that produce and explore for resources. (Or if you are a card carrying leftist, the bad guys) Private companies in this country making decisions based on a bottom line profit margin, which employ many people. They are involved in production, transportation, refining, storage etc.

Government, involved in regulating, making regulation, protecting resources and assets. Also dispenses permits and approvals, and has oversight capability. It also collects revenues on the business models, as well as on consumer goods, such as refined products.

Retail businesses: Stores that sell finished goods directly to the public consumers.

Fracking and shale oil newer and higher cost drilling operations.

Cost – benefit analysis study of the benefits derived from the cost of materials and production, and projections or decisions based on those factors.

Industry and bulk users corporations and industry that use a particular commodity as basic in their business models. Airlines, freight, energy companies.

Speculators or investors and put hedge funds in this bracket. People or companies investing in oil based on its price fluctuation or performance over a period of time. People buying futures as in any other market, who hope to make a profit. (Such as Hilary’s pork belly futures)

Now, the idea is not to make some grand conclusion by these factors. Just say these are some relevant tangents in the overall picture.

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