Open Thread
The Muppets Take On The Continental Congress...from the Norman Lear-produced "I Love Liberty" in 1982
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The Muppets Take On The Continental Congress...from the Norman Lear-produced "I Love Liberty" in 1982
The Psychedelic Furs debut album came out in 1980 and was a smash in Europe but it wasn't until their third album, Forever Now (1982) that they made a breakthrough in the U.S. "Love My Way" was the single but I always played "President Gas" on my radio show. When Richard Butler write it, he couldn't possibly have known about what was going to happen... could he?
Why did Washington Times Foundation give $1M to Houston
"One Rev. Sun Myung Moon-watcher's theory: The donation was made to the Greater Houston Community Foundation to help persuade President Bush to grant Moon a pardon for a 1982 felony tax evasion conviction that had put him in prison for 13 months."
"That's one theory thrown out there by the Houston Chroni(what?)cle's Rick Casey and it's worth a read to see Casey's construction of a potential back channel donation of nearly a million dollars from The Washington Times Foundation to the George Bush Presidential Library. Was it an attempt to persuade Bush 43 to grant Moon a pardon for his 1982 felony tax conviction (that one that had him behind bars for 13 months)?
Just this past week alone I've seen enough anti-auto industry blogging that I feel forced to post on it myself -- but, I'm here to tell you that it's not fair. Is this all reactionary to the rising prices at the gas pumps? If so, why don't I see any anger directed at the big oil companies -- President Cheney's for instance? Why hasn't there been an oil refinery built in over 30 years? Wouldn't that help keep up with the demand for gas? [answer: d-uh, yes]
Low oil prices are good for the consumer and the world economy. Low oil prices act as a check on inflation.
But there is another side--the U.S. oil industry does not prosper during periods of low oil prices. Oil industry workers lose their jobs, many small wells are permanently sealed, and the exploration for new oil sources drops off.
In 1982 we had the ability to Refine 18.62 Million barrels per day, today we can refine 16.76 Million barrels per day.
In 1981 we had 324 refineries today we have 149.
I actually read a post the other day where the author attempts to blame GM's financial problems on the fact that the cars it builds run on gasoline. I don't know how that person would explain Ford Motors Co.'s luck at pulling its company up from financial difficulties, and the fact that they have had to extend their production this year to keep up with the supply of [in particular] the new Mustang. They, too, run on gasoline. More...