MSM ignores any real news to beat the Russian Bear

Holding fast to conspiracy narratives pushed by Hillary Clinton (and her campaign of trolls) on Russia meddling, misogyny, racism that cheated her out of her destined Ovalating Office. Unfortunately, she is right, that media will follow her lead every time. While she and the entrenched media establishment are baited and trolled by Russia. They would take career Russian propagandists word or version of events over Trump’s almost every time.

It’s really easy if you are in the Kremlin hell-bent on sowing discord in America. If destroying credibility in American institutions is their goal, then the Left hands them a victory flag. So even when Trump goes to Poland to make a classical academic defense of western civilization, especially then, they have a collective panic attack and cannot recover. But intensive care could not treat their disease.

Then came his next trip to France with liberal Macron, their macaroni boy of Paris they fell for head first. This time MSM decided to downplay coverage of the visit ignoring most of the ceremony, except the presser to push Russia questions. Even the centennial of WWI and France’s Bastile Day got marginal coverage. Jake Tapper called it just a photo-op for Trump. Right a 100 year anniversary is just a photo-op , world history just gets in the way. After all, that is the way they see it.

So now, once again, another historical marker pops up that media seems too preoccupied with Russian propaganda to notice — or give due diligence to. It’s like you have this Russian spy novel playing out in the background to obfuscate any real news.

US Has Produced More Oil Than Saudi Arabia For 4 Straight Years [GRAPH]

Daily Caller

Saudi Arabia has lagged the U.S. in oil production for the last four years, according to federal data compiled by University of Michigan economist Mark Perry.

Perry created a chart Saturday showing just how far behind Saudi oil production has trailed U.S. production. Rising U.S. production combined with OPEC policies drove crude oil prices down to new lows. Monday, a barrel of oil costs $46.26, while the same barrel would have sold for $109.04 in June 2014.

U.S. oil production, on the other hand, is increasing. The U.S. imported about 60 percent of its oil in 2007, but by 2014, the country only imported 27 percent of its oil — the lowest level since 1985. Rising oil production has reduced demand for Saudi oil abroad too, keeping prices low.

Saudi Arabia can likely handle cheap oil better than other Organization of Petroleum Exporting Countries (OPEC) nations, but cheap oil is still devastating the country.


Read at Daily Caller

And yet they wonder why we call MSM Fake News? Everything positive — as they define it — about their messiah’s golden throne was heralded from the mountaintops to make sure it echoed to anyone. It was unavoidable. They ran his Saturday addresses to tout all the great, but invisible, good news. It was good because they said so. Job numbers, even when bad, were called good. Or, as the Bible says, “those who call evil good and good evil.” And it worked, or saturated the airwaves to a point no one else could be heard.

Spending, national debt, budget issues. Remember Obamafiles claimed he halved the budget ‘deficit’ to cover the 2o trillion dollar explosion. The fairy dust worked, put some lipstick on that pig and sell it like the sweety-pie lie it is. He depleted the military, and budget, but who cares about that thing? All is good, they said. ‘These are the good times.’ Never mind that you did not see or feel it. You weren’t alone though. Most didn’t, still you had to listen to regurgitated talking points of how great things were going.

No, we weren’t wrong. Our instincts were not misguided. We weren’t misinformed. We were not too stupid to understand. We were not uneducated halfwits. We were just being constantly lied to on such a level, to such a degree, that Americans never were subjected to before. Even low information voters knew something was wrong. Economists, real ones that is, were not impressed. But even they had a hard time getting any information out. It was all being blurred, blotted out, and intentionally drown out by the so-called good news coming directly from, and being dictated by, the White House.

But it was all good in those days and there were no questions to ask, because no questions were necessary. Just report the White House talking points, life was easy for reporters. Obama would even tell press what stories they think should be covered, and what stories they didn’t think deserved time.

Guess what happened?

Remember Benghazi, IRS, Lois Lerner, or Fast and Furious? Leading from behind was actually a defense strategy they could get behind. Meaningless red lines were all the rage. Russian intervention? It really is not intervention when you are inviting them into Syria and altering your national policy to their liking and getting nothing in return. Of course that is not intervention. That is failed US leadership like we never experienced before either. It was complicit failure. Now they are paranoid about intervention? They opened the door, invited them in, coalesced with them. Is it any surprise Russia wasn’t the greatest or most respectful house guests, when Obama shows no respect for our own house?

Then, to top it all off, when Obama left he had them all declare that he had a completely scandal-free administration, not even a little one. Remember that? So it was an insult on reason and intelligence. It was a fraud. Obamacare was created, built and sold on lies. They named it the Affordable Care Act.

The article above, while it is good news to be ignored under Trump, will likely be co-opted for propaganda value by Obamafiles — who are just as active outside the Office as they were in the White House. So they are quite anxiuos to take credit for anything good. It is what they do. Though our growth and oil business in particular was in spite of Obama’s war on energy, not because of it. But that doesn’t stop them from laying claim.

Anyone dishonest enough to prop up Obama’s regime for 8 years is certainly going to use any dirty trick to that end, to credit Obama with a net positive. A guy like Obama that never had to live under or feel the effect of his own policies. Calling evil good was quite popular, getting even easier with practice. It was instant revision everywhere.

So now that we have oil production growth, who do you think can find fault with our achievement? That’s right, the same people who will gladly try to lay credit to it. But the Left’s “green” team will condemn it as a negative. Oil, fossil fuels is bad juju. Which is why we knew Obama was never supportive to the industry. Yet he wants credit? In your dreams, Obama. And if America was not as innovative, like we’ve always been, this could not have happened. Certainly it was nothing Obama had a hand in.

However, we shouldn’t be afaid to admit good news, because some of it took place under Obama’s tyranny. It began and was under way before him. Like Clinton had the benefit of the tech boom. But Obama did about everything he could to step on it.

Under Trump, all good news will be summarily buried, or tortured by Obama revisionists if it refuses stay in the hole. Since the Left controls the media, that is the way it is. And whatever they can tie to Obama’s Legacy of Lies, they will. Memory Lane is not a place I’d want to live, if I were Obama

RightRing | Bullright

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.

RightRing | Bullright

Middle East Oil Power

In keeping with the energy oil theme, I found this article by Victor Hansen Davis:

http://www.nationalreview.com/article/347108/irrelevant-middle-east

An Irrelevant Middle East

Thanks to oil discoveries elsewhere, the region is losing its geostrategic clout.

Yet the Middle East is becoming irrelevant. The discovery of enormous new oil and gas reserves along with the use of new oil-recovery technology in North America and China is steadily curbing the demand for Middle Eastern oil. Soon, countries such as Kuwait, Saudi Arabia, and Iran are going to have less income and geostrategic clout. In both Iran and the Gulf, domestic demand is rising, while there is neither the technical know-how nor the water to master the new art of fracking to sustain exports.

In it, he talks about t the Middle East situation and the changing dynamics. Would anyone in the Middle East really take a second to realize the only reason we care anything at all about their cute little governments and relationships is the oil and dependency situation. Oh, and now for Israel too, who happens to live in a very troubling neighborhood. But its the oil that supplies them the money and power that fuels their influence.

But a new dawn is breaking. As Hanson points out, with the new technology and discoveries, it’s all too clear that the old situation is giving birth to a new one. One thing that has interested me for as long as the concerns of Iran have been at the fore, is the price of oil. Iran has admitted that it needs a price point of 117 a barrel to satisfy their demands. Whether this is by wish or necessity matters little. They have been fortunate enough in the last few years to benefit from oil prices and spikes.

Now as Victor suggests, with these new developments it could sort of “spread the wealth” around. Oil sheiks may not laugh it off as proudly as they once did. And more of their production is going to feed domestic demands than ever. So what to do if you are a rich oil sheik in say Saudi Arabia? Well, they might be looking for other lucrative businesses. As some of the oil money dries up, or they receive  less of a share than they’re used to, they will have less of those petro dollars to buy influence around the world. Their loss might well be our gain.

Back to the neighborhood. If they have less expendable world oil money, they become less of a problem for Israel. How you say, because their radical culture still exists? Well, the funny part is that with Israel’s discoveries it puts them higher on the totem pole than Arab sheiks. Call it a balancing. They can resent it all they want but it will not change that coming paradigm. And Israel, actually having a functioning burgeoning economy, will benefit all the way around while their economies based almost entirely on oil, and exporting jihad, may take a distant backseat to that real economy.

Forward and Downward

 That should be Obama’s new campaign theme.

As compared to “onward and upward”, which is exactly the opposite of Obama.

Obama adopted a campaign theme of “Forward” but actually under his dismal leadership we are headed downward at record speed.

  • Item: leaks, leaks and more leaks about defense and national security operations.
  • Item: foreign policy debacles… rather than the self-ordained expert the left claims.
  • Item: politicizing everything for his campaign — along his never-ending campaign.
  • Item: unemployment remains at stubborn highs especially among many groups.
  • Item: Obama’s war on energy — and in effect part of  his war on the economy.
  • Item: our relationship with Israel
  • Item: his treatment of our allies
  • Item: Obama’s promise to Russia to be more “flexibile” after his “last election”.
    [To Russia, with affectionate love]
  • Item: Fast and Furious coverup, along with the ongoing Dep. of Injustice.
  • Item: the debt denial and his arrogance of shoveling more big-spending on us.
  • Item: Obama’s obsession with “class wafare”.
  • Item: his persistent push to raise taxes.
  • Item: his air assault on the Constitution
  • Item: his attacks on and disdain for the Supreme Court
    (long an ally of  the socialist left)
  • Item: then politicized departments under his divissive, partisan leadership.
  • Item: ObamaCare, hovering like a huge funnel cloud over us.

Then another thing just scratches open an old wound. So many people now hail Bill Clinton for his wisdom. Conservatives are talking about the great politics of Clinton, as opposed to the radicalism of Obama. Do people remember the Clinton days? Oh those good old days between scandals and shell-shocking revelations, here and abroad?

Still, Obama has done something no one would have thought possible, make Bill Clinton look good by any comparison. I for one hate that political tactic, especially from the right. I resent even the thought and I don’t like that argument much better. The same thing applies to Hillary. Would anyone have thought that possible?

Oil War

In recent weeks we have seen the price of oil come down. Saudi Arabia has boosted production to levels of 1990. The Saudi oil minister in May said oil was over priced and thought Brent should be around 100 a barrel. And with economies here and in Europe feeling pain, along with the talk in the election heated up about oil and energy costs, Saudi is pushing for lower prices. Obama has been taking a beating for gas prices.  When have they made such bold statements and stands?

Usually we get vague comments from them like the mantra that markets control prices and they have little influence. I.e. ‘talk to someone that cares’.

What is it good for?

 Far from the positive relief it offers US consumers, there is another effect in the Mid East. It is putting strain on Iran. According to reports they need 117 dollar a barrel to balance the books. Naturally, they are one of the loudest protesting the production increases. Too bad, they need high levels to balance the books.  For years we were told Saudi’s and OPEC can’t help with high prices. And Saudi production has always been so secretive. Now they are boasting and advocating increases.

Let’s see how long before Obama boasts about lower oil/gas prices, calling it a stimulus for the economy. Too bad he won’t take any credit for the current economic or energy conditions. His so-called “all the above” strategy really means ‘some of the above’.

Referrence:

http://www.reuters.com/article/2012/06/01/opec-saudi-oil-idUSL5E8H17X020120601
 http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/06/01/bloomberg_articlesM4XH7X1A74E901-M4XRA.DTL
 http://www.bloomberg.com/news/2012-05-10/saudi-oil-minister-naimi-to-visit-australia-may-11-spa-says-1-.html
http://factcheck.org/2012/06/obamas-truth-team-wrong-on-gop-donor/