Humpty-Dumpty POTUS.
The disaster in the Gulf is now the exogenous event that was always possible that could take the Obama administration's plans off course for the midterms. The spill continues through all credible solutions until those relief wells can cut the flow in August. The struggles of the cap vessel, the straw siphon, the "top kill" and now the "junk shot" all add drama and news to what is a fixed problem for POTUS and the Democrats. When Big Government is the answer to healthcare and jobs, POTUS suggests, then Big Government is the answer to oil spills at 5,000 feet below. Did not work. POTUS has no way out. Spoke Dan Henninger re reform versus Reform, and we agreed that POTUS might take these days to review what is the limit of government. Cannot put the egg back together.
BP.
The hard-nosed might examine the facts of the Gulf and see the chance to grab BP stock with a 7.6% dividend. Or oil service stocks all off. Or other deepwater drillers. Big Oil prints money. There is no pol on the planet who can stop deepwater drilling. It is managing expectations that is the game. You want lights and MPG, you get oilly beachs and dead birds that can be cleaned, yes? POTUS problems and midterm risk very different tale from market wobbles in energy. Big Oil is a license to profit forever. It can buy governments, so why not markets? The sellers are suckers, but someone has to sell in order for you to buy. BP bottomed in the $40 range on sell-off. It is a permanent buy. Unless you think the dividend will be cut. The whole Gulf mess so far is $1B. BP makes that much in less than a month. Love BP faceman Tony Heyward telling a UK paper that the spill was small compared to the big ocean. Cool. Probably coast the stock a buck today. Keep talking Tony.
Love BP faceman Tony Heyward telling a UK paper that the spill was small compared to the big ocean.
Must be taking lessons from Brennan's dismissal of concerns about Gitmo recidivism rates.
After ruminating about religion all week, yesterday struck my epiphany. It seems God too gets fed up and angry at times. He loses patience with mankind’s endless whining and hand-wringing. Like a bolt of lighting He descends from the heavens, brushing every irrelevance aside, and takes matters into His own hands. And we are left standing simply in awe of His superior intellect and power. “Plug the damn hole!” He proclaimed to the assembled. And the very next day it was done.
Glenn Beck tells us that we are about to see miracles. I’ve just seen my first. Maybe there were others but I just didn’t notice. Blinded by ideology and racism, I was loath to give Obama credit for even a single one of his loaves; his fish - his wine. How could I have missed it?
Getting himself elected in the first place was no small miracle. And so was passing health care legislation; shepherding the automobile industry to profit; saving banking, housing and God knows what else: Saving the Euro, saving the dollar, saving no less than the planet from certain catastrophic meltdown. Pouring his viscous ‘cool’ over the choppy waters of the Near, Far and Middle East; Mexico and South America. Too many miracles to mention… We are truly blessed! Let me get my prayer rug.
http://peterkoelliker.blogspot.com/
Has anyone here followed the Jonathan Katz affair? Perhaps Mr. Batchelor has referenced it on his show, although not, as far as I can tell, on this site.
A well-regarded Washington University physicist, Dr. Katz was one of five "Dream Team" scientists picked by Energy Secretary Stephen Chu to help figure out how to stop the oil leak.
Unfortunately, Dr. Katz sometimes makes the mistake of saying what he really thinks, always a mistake in America 2.0, as either Gore Vidal or Samuel Francis could have warned him. He has, for instance, proffered unflattering opinions from time to time on his blog about both gays and racial diversity.
Once Dr. Katz's crimethink became known, Stephen Chu fired him, of course.
It is far more important that right-thinking Americans continue to feel good about themselves, it seems, than it is to prevent an ecological catastrophe in the Gulf of Mexico.