Letters to the Editor for Friday, July 11, 2008
Advertisement
Text size: small | medium | large
Published: July 10, 2008
Do the oil-supply math, writer argues
For all those interested in solving our energy crisis, and in particular, the enormous run up in prices unparalled in our history, the mantra of “Drill, Baby Drill” rings exceptionally hollow in light of the actual facts of our situation.
If you add all the untapped oil reserves available to the United States from its own self-contained resources, you would come up with between 2-3% of the known world’s resources. That’s adding in ANWR, off shore and everywhere.
Now add in the fact that we use 25 percent of the world’s yearly output. Our own government’s energy information agency and other oil industry analysts agree that tapping into all our known untapped reserves would garner little more than a drop in the bucket towards our actual use, which is the main driving force of our current costs.
While it might be true that some ease in this scenario might have been realized by increased refinement capacity, all of that capacity would have been erased by the emerging economies of China and India. If we started today and went wide open for drilling and production, which would take 10 years to receive the benefits of, we are dealing with an ever-dwindling supply and growing need. Thankfully, there are a number of technologies already invented and in use in other countries, that can save us from this dilemma, and cure, or greatly reduce carbon emissions. It is time we get our heads pulled out of the Saudi sand and propose solutions that can solve, rather than exacerbate, a whole host of difficulties associated with oil. We cannot have an oil-free future by tomorrow, but I would rather invest the next 10 years in an actual solution. The pain of that kind of transformation will be tiny in comparison to the ludicrous path of “Drill Baby, Drill.”
MICHAEL A. WHORLEY
Lynchburg
Why the slams?
It is a puzzlement why many, maybe most, Republicans believe their best strategy for winning the upcoming presidential election is to issue e-mails and write columns like the one printed in The News & Advance on July 6 in which columnist Charles Krauthammer slams Barack Obama’s evolution as a presidential candidate.
Perhaps, Mr. Krauthammer could have used his energy and journalistic talents to extol the virtues of his own candidate.
I expect we will continue to see both candidates adjust their positions on most issues as they have access to more data, and as the various situations evolve.
Thank goodness. I suspect this nation is looking for a charismatic, articulate leader, one who aspires to the highest standards, and who inspires us to follow suit. No matter who wins this fall, he will need to alter his position on numerous issues — these are the dynamics necessary in this supremely complex world order. I respect both John McCain and Obama, but come November, I will vote for Obama.
KAY PUTNEY GANTT
Lynchburg
A terrific Fourth
To the staff at Patrick Henry’s Red Hill Memorial, my family and I would say thanks for a terrific Fourth of July celebration.
We arrived early and were able to spend some time wandering the grounds after the brief rain shower. My kids especially enjoyed making nails in the blacksmith shop with Matt and Trey Killmon. I think my wife liked talking with the ladies in the kitchen. (Who knew you could roast a turkey on a string?) My personal favorite was the famous speech delivered by Patrick Henry’s sixth-great-grandson. He was very gracious and allowed anyone who wanted to take a picture or ask questions. Also, I’ve seen many firework displays in our area over the years, but I’ve never seen one as good as yours.
Congratulations to all of your volunteers on a job well done! We will be back for sure.
PETE PAGE
Lynchburg
Post a Comment
(Requires free registration)
- Please avoid offensive, vulgar, or hateful language.
- Respect others.
- Use the "Report Inappropriate Comment" link when necessary.
- See the Terms and Conditions for details.
Click here to post a comment.
Click to send
Reader Reactions
Posted by ( JacksonPollock ) on July 23, 2008 at 2:12 pm
Individualist. You are the one who wrote, “Jackson, opionions and opinion polls do not make truth,” when checking the posts I had made here had said nothing about opionions (sic) and opinion polls. Perhaps you are a product of the NCLB education system in that you have difficulty with comprehension and dealing with facts. If that is the case, I shall have patience with someone who is “special.”
I have read several books on the sub-prime mortgage problem written by those who were involved in one of the many Bush scams perpetrated by this administration with the strong support of McBush’s economic adviser, Phil Gramm.
And, I assume your comment indicates that you have no more “game” on this topic because you are obviously out-classed in this discussion. “Self-delusional” is just a way of saying, “I’ve got no game.”
To quote an old Irish blessing (from an old Irish mortgage broker on CNBC last week): “May you always find a mortgage that meets your needs, is affordable and never sounds too good to be true.”
Peace.
Report Inappropriate Comment
Posted by ( Individualist ) on July 20, 2008 at 5:56 pm
Sorry Jackson, I have better things to do than to try an have a conversation with someone who is self-delusional.
Fini
Report Inappropriate Comment
Posted by ( JacksonPollock ) on July 19, 2008 at 9:27 pm
Individualist. I know how the whole sub-prime mess got started and how banks and mortgage companies made a ton of money off the poor, giving loans to people who could never afford to pay the loans back. As one man interviewed on the news a few weeks ago said, “The bank gave me $500,000 to buy a house, and even my family wouldn’t lend me a dime.” The basic elements of banking were thrown out the window and the CEOs like Perry and their loan officers need to be held responsible for the ruined lives they enabled.
Yes, I know how mortgages work and know that if Bear Stearns and IndyMac, and other lending institutions that are failing had practiced sound economic and professional practices (which, unfortunately, were no longer regulated as the result of the repeal of Glass-Steagall in 1999; the repeal was created by a Republican congress and signed by President Clinton, not one of his finest moments), the mortgage industry and housing industry would not be in the mess it is in now. Peace.
My point, Individualist, is that we will likely see a white-wash in the investigation and Perry and others will get away with robbery.
Report Inappropriate Comment
Posted by ( Individualist ) on July 18, 2008 at 9:42 am
Jackson, do you have any idea of what actually transpired with Indy Mac? Or how mortgage lending even works? Please don’t hang the CEO yet, the FBI is looking for “possible” fraud, along with 21 other banks. Innocent till proven guilty, not guilty upon investigation.
Report Inappropriate Comment
Posted by ( JacksonPollock ) on July 17, 2008 at 10:05 pm
From the news today, it seems that my wish for a plague upon the house of IndyMac CEO Michael Perry may come true. The FBI is investigating mortgage fraud by the bank. I hope they find enough to put Michael “I can live on a mere $8 million” Perry in the big house for many years.
Report Inappropriate Comment
Posted by ( JacksonPollock ) on July 17, 2008 at 9:59 pm
Individualist writes: “Jackson, opionions and opinion polls do not make truth.”
JP responds: What? I don’t recall, and looking back don’t notice, any reference to “opinion polls.” And you are right, Individualist, “opinions . . . do not make truth,” and I never said that either. So, I assume, that with such a comment, you are saying, in essence, “Oh, Yeah?” The response, otherwise, is non sequitur.
Not being critical here, just asking for clarification. Peace.
Report Inappropriate Comment
Posted by ( Individualist ) on July 17, 2008 at 3:31 pm
Fred, I appreciate your candor.
Jackson, opionions and opinion polls do not make truth.
Report Inappropriate Comment
Posted by ( JacksonPollock ) on July 16, 2008 at 10:20 pm
Individualist. I don’t give a damn about what other people do with their money, but there is injustice when those with money step on those without, and do it publicly. The workers at IndyMax who lost their jobs because of a CEO’s ineptness caused his bank to fail, don’t have the opportunity to cut their pay in half and live on a piddling $8 million. The CEO keeps his job at $8 million while many people who trusted his bank are left with the loss of much of their savings.
No, Individualist, I don’t give a damn what people do with their money, but this whole Bush administration has led capitalism down the path of corruption with the deregulation of banks (resulting in sub-prime loans), the rise in gas prices (attributed to many policies of the Bushes, not the least is the foolishness of going into Iraq), and the rape of our national coffers (by Halliburton and Blackstone, with the assistance of Cheney and GWB).
The news report of the IndyMax CEO relinquishing half of his salary is obscene. I don’t envy his money; I just wish a plague upon his house equal to what he has caused 1000s of others. Peace.
luv <silence>
Report Inappropriate Comment
Posted by ( Fred ) on July 16, 2008 at 1:46 pm
Some people, in this forum, seem to wonder why I remain in this country.
It is an excellent question. I will readily admit that I have no control over that. Like their hero, the Decider-in-Chief, I receive my marching orders from my other Father, the one in Heaven.
I communicate with Him frequently and we review the world situation together. My present instructions are to remain at my post (not a happy situation as noted), to remind hapless Americans that they are not, by far, the best and that their country is not, by far, the greatest. When He changes His mind, I hope He will allow me to leave and spend my golden years in a civilized country with intelligent people. But would that be as much FUN, I repeat FUN? Come to think of it, I somehow doubt it!
In the meantime, I may be the best, and probably the last, protection against another Flood.
Report Inappropriate Comment
Posted by ( luv2bliberal ) on July 16, 2008 at 9:57 am
Fred,
Still have bad feelings against the germans for kicking Polands butt don’t you? I don’t blame you. Must have been tough on your relatives to have to polish their boots every day. The Nazis are much more like the democRATS than the right wingers. Gun control, revising religion to suit the states needs, abortion by the state on those that were deemed undesirable, indoctrination on national beliefs by the governemtn run school system, TOTAL control of business and free enterprise by the state.
Report Inappropriate Comment