What’s new Today
Story #1 demonstrates what you need to check when you see a
poll. Demographics are the key. #2 is the story of Romney’s address to
Liberty University. He was a hit. #3 through #5 are videos. #3 shows an Occupy Wall Street kid who didn’t
know much but was willing to listen. #4
is Jonah Goldberg shooting down the cult of the young voter. #5 is a new ad from the RNC. #6 is a warning
about the Chinese economy. It appears
there are some problems brewing. #7 is a
GAO report that the USA has more oil shale reserves than all the oil reserves
in the world. #8 looks at the new
technology and what it means for Eagle Ford Texas. Happy days are there again.
Today’s thoughts
Gallup’s poll on how Obama’s
evolution on gay marriage will affect their vote. The good news for Dems is 60% says it won’t affect it, but the
bad news is twice as many people find it
less likely they will vote for the president than more likely. Among independents it is 23% less likely vs
11% more likely.
Eduardo
Saverin has decided to renounce his U.S.
citizenship just before that vaunted Facebook IPO and save lots of money. Now we
may not like it, but it shows you the weakness of simply taxing the rich. They
can move.
Passage
of a constitutional amendment defining marriage as solely between a man and a
woman makes North Carolina “look like
Mississippi,” Gov. Beverly Perdue said Friday. Governor Perdue is not running for
reelection. I wonder why?
1. Beware of Liberal Polls—always check their
Methodology
The
Associated Press headline was a bit jarring; it claimed that President Obama had an eight point (50%-42%) lead over
Mitt Romney. Both Rasmussen (49%-44%) and Gallup (47% to 44%) report
things are much closer and have Romney ahead...just what is going on?
Well...THIS is what is going on, the Associated Press has over-weighed its survey toward Democrats. The next two charts come directly from the AP survey document…
Well...THIS is what is going on, the Associated Press has over-weighed its survey toward Democrats. The next two charts come directly from the AP survey document…
A pretty
good explanation of what I’ve told you in the past couple of days.
2. Mormon
Mitt Romney Warmly received at Liberty University
Mitt Romney was warmly welcomed in Lynchburg, Virginia, this morning for an important address for him — and
religious liberty in America — at Liberty University’s commencement. Romney, a member of the Church of Jesus Christ
of Latter-Day Saints, spoke effectively
about religious freedom, eternal purpose, marriage (received by cheers and a
standing ovation), Rick Santorum, and alluded to China’s one-child policy
before the estimated 35,000 in attendance at what Liberty describes as “the
largest private non-profit university in the nation, the largest university in
Virginia, and the largest Christian university in the world.” …
If you want to read
his actual words you can find them at the link.
3. Occupier
gets an education
A naïve occupier
gets into a discussion and learns a lot.
4. Jonah
Goldberg thinks young people are stupid
Jonah lays
out the simple truth. Youth is
energetically stupid.
5. New RNC
Ad: “Sometimes I forget the Recession”
A quiet ad
that lays out the facts much to the Democrats dismay
6. China’s
economy cools
The eurozone
crisis has captivated audiences around the world, but it is recent economic data from China that should
be capturing the attention of policymakers. Despite confident predictions
from Wen Jiabao that the economy was heading for more growth, April figures
across a range of sectors make for grim
reading: industrial production is down, fixed-asset
investment and retail spending slowed, home sales plummeted, and export sales
growth was only half what it was in March. When China’s economy grew at an
abnormally low 8.1 per cent clip in the first quarter of this year, some
analysts suggested that it had reached the bottom of the business cycle. Better
times were ahead, they reasoned. These latest figures, however, suggest that
what we may be seeing in China is the
start of a prolonged, and perhaps permanent, deceleration in Chinese growth….
You always
want to keep an eye on China. Growth is very important for China. Without it, you can expect to see political
problems cropping up.
7. Oil Shale
could double proven reserves of oil
… “The Green River Formation--an assemblage of over 1,000
feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and
Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the
GAO’s director of natural resources and environment said in written testimony
submitted to the House Science Subcommittee on Energy and Environment.
“USGS estimates that the Green River Formation contains
about 3 trillion barrels of oil, and about half of this may be recoverable,
depending on available technology and economic conditions,” Mittal testified.
“The Rand Corporation, a nonprofit research organization,
estimates that 30 to 60 percent of the oil shale in the Green River Formation
can be recovered,” Mittal told the subcommittee. “At the midpoint of this
estimate, almost half of the 3 trillion barrels of oil would be recoverable.
This is an amount about equal to the entire world's proven oil reserves.”
In her oral statement before the subcommittee, Mittal said
that developing the shale oil would create wealth and jobs for the country, but
also challenges for government….
If
we took the minimum amount it would give the USA at current usage, 128 years of
oil. The midpoint of the estimates of recoverable oil would take us to 200
years.
8. Eagle Ford Shale
Creates 48,000 jobs.
An oil and gas bonanza
in South Texas supported nearly 48,000
jobs this past year while creating overnight boom towns cashing in on a $25
billion economic windfall from the liquid-rich Eagle Ford shale, according
to a university study released this week.
An energy rush that
began with the first drilling in 2008
mushroomed into nearly 1,700 wells last year. Oil production is up more
than six-fold since 2010 to more than 28 million barrels, while gas production
has doubled.
The ladle-shaped shale
formation stretches from the western Texas-Mexico border and hooks all the way
toward Louisiana.
Blanketing the lucrative
play are once-struggling rural counties that must now spend million-dollar tax
rolls on infrastructure, development and education before the boom goes bust,
cautioned the study from the University of Texas At San Antonio’s Institute for
Economic Development.
“The thing we’re
stressing to communities is sustainability,” said Thomas Tunstall, the lead
author and director of the university’s Center for Community and Business
Research. “What will they be left with when this is all over? It’s not just a
matter of how much oil and gas is out there.”…
The final sentence in the article states that the area could
support 117,000 jobs by 2021. This is
the real future of the country, not one of windmills and algae.
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