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Fracking we Won! The Free Market is speaking

By: ThingsComeUndone Friday April 11, 2014 7:10 am

and why did I not get the memo?   The 2013-2014 winter has been breaking decades old records for both cold and snow demand for natural gas has gone up.  Demand for Natural Gas $ 4.64  has even gone above  the $4 break even point for Fracked Natural Gas.

 

I honestly don’t think that has ever happened before so everyone should be making money off of Fracking from Chesapeake the largest pure play Fracking company.

 

Chesapeake executed an adroit escape, raising nearly $5 billion with a previously undisclosed twist: By gouging many rural landowners out of royalty payments they were supposed to receive in exchange for allowing the company to drill for natural gas on their property.

When the first gas flowed from the well on Drake’s land in July 2012, it was abundant, and the royalty checks were fat. “We was hoping to get these loans paid off…with the big money,” said Drake, who earned more than $59,400 from the first few months of production, referring to the mortgages on his farm

A few miles away, the same month, his brother-in-law had 94 percent of his gas income withheld to pay for what Chesapeake called “gathering fees.


http://www.thedailybeast.com/articles/2014/03/13/how-chesapeake-energy-the-kings-of-fracking-double-crossed-their-way-to-riches.html

 

to Shell oil company who despite Natural Gas reaching a price larger than the break even point announced

 

“Some of our exploration bets have simply not worked out,” Shell’s Chief Executive Officer Ben van Beurden said. It was bad management policy to commit close to $80 billion in capital on its North American portfolio and still lose money. Now, he said, it’s time to cut the loss and slash exploration and production investments by 20 percent for 2014.

http://www.testosteronepit.com/home/2014/3/17/shell-oil-us-fracking-revolution-a-money-loser.html

In addition to trying to cutting investment 20% Shell says they might have to sell their Eagle Ford Texas Natural Gas shale play.  It sounds to me as if Shell is trying to scale back and even unload its Natural Gas right as Natural Gas prices go past the break even point for possibly the first time ever?  What Do they know we don’t/ Do they know America won’t go to war with the Ukraine and Russian Natural Gas will still flow cheaper than Liquid Natural Gas? Do they know that Global Warming is real and they can’t depend on freak cold spells to drive up natural gas prices?

Imagine getting $59,400 total in a few months from Chesapeake when natural gas was losing money  then getting 94% of that cash withheld when natural gas is actually making money there is obviously more to this story than we know but none of what we know suggests Fracking is making money.  Normally when price increases production increases and workers get paid on time.

Next thing to think about is lets remember this happened in Rural Areas that vote GOP. I think the GOP is going to have a tough time getting their base motivated this year. Sure Hilary is a Girl Icky/s Sure Obama is still President…and he’s Black! But nobody laughs off a 94% loss on $59,400 of income in a few months and is not steaming pissed! I’m sure the local Rural economy has noticed the drop in local income even as they read about record high natural gas prices due to the record cold winter.  The GOP has certainly noticed even if the media and political polling companies have not.

Last month, Pennsylvania governor Tom Corbett, who is seeking reelection, sent a letter to Chesapeake’s CEO saying the company’s expense billing “defies logic” and called for the state Attorney General to open an investigation.


http://www.thedailybeast.com/articles/2014/03/13/how-chesapeake-energy-the-kings-of-fracking-double-crossed-their-way-to-riches.html

Tom was both Pro Fracking and a Tea Bagger last I checked but now he wants to investigate a Corporation ? Things have Come Undone when Tea Baggers think Corporations, Energy Corporations that create jobs need to be investigated./s

More news

January 4, 2014

The companies that once operated the wells have all but vanished into the prairie, many seeking bankruptcy protection and unable to pay the cost of reclaiming the land they leased. Recent estimates have put the number of abandoned drilling operations in Wyoming at more than 1,200, and state officials said several thousand more might soon be orphaned by their operators.

http://climatecrocks.com/2014/01/04/fracking-wells-abandoned-in-boombust-cycle-who-will-pay-to-cap-them/

 Sounds like a dying industry to me. 2 years ago the CEO of Exxon said

The most quotable quote of ExxonMobil chief Rex Tillerson‘s talk last week at the Council on Foreign Relations was his lament that current ultra-low natural gas prices were having on oil and gas drillers. “What I can tell you is the cost to supply is not $2.50. We are all losing our shirts today. You know, we’re making no money. It’s all in the red.”

http://www.forbes.com/sites/christopherhelman/2012/07/03/exxons-tillerson-speaks-some-convenient-truths/

Shell is cutting back now and Chesapeake is scamming the people they bought drilling rights from to try and stay afloat funny I can’t find any recent numbers from Exxon’s CEO instead all I find are news reports that he is trying to block tracking in his back yard.

 

Rand Paul Envies Bill Clinton

By: ThingsComeUndone Tuesday February 25, 2014 11:23 am

Imitation is the sincerest form of flattery its been said, by that logic is Projection of your own actions and desires onto another the most insincere way to insult an other person because you accuse another of what you want to do or already did yourself?

 

Bill Clinton was in Kentucky and Rand lied about  Monica. Yes what else is new?  Well lies are instructive both what people lie about and what they don’t talk about when they lie.

While Rand was talking about Monica he took time away and diverted energy from praising Senator Mitch McConnell, he took time away and diverted energy from  attacks he could have made against Allison Lundergan Grimes and the ideas she is running on or attacking her personally.

Rand! Bill Clinton is not on the ballot. Just how much wood do you expect to raise from your base over a 16 year old sex scandal? that has been literally flogged to death not to mention there are voters who were 2 when this scandal happened who not only don’t care about the scandal, their eyes glaze over when they hear about Monica the same way they do when Granddad starts ranting about how great Reagan was.  You can’t expect to win young voters with this *scandal*/history and you can’t expect to change anyone’s mind after 16 long Freaking years of hearing this scandal again and again ( Arrrgh! I can’t take hearing about this scandal any more! ” furniture starts flying across the room “)

( after a mild nervous break down I’m fine now thanks anyway) So what have we learned? We have learned that Rand and the GOP have nothing on Allison and that the GOP is so desperate to motivate their base they brought out a 16 year old sex scandal to try and link Allison by association to Bill Clinton. Why do this unless the GOP hardcore base which should already be motivated is not motivated. What chance does Mitch have if the GOP base is still unmotivated by election day?

   You probably noted that I just explained what was not said  by Rand’s lies so just what was Rand lying about?

 The thing is, I think workplace violence is a serious thing.
If the president of your network had relations with a 20 year-old girl who was there from college, I think the president of your network would be fired.

Workplace violence is what Rand leads off with when taking about Bill and Monica funny thing Bill and Monica while they  engaged in adultery it was consensual Monica was not 20 she was 22, a full grown Woman college graduate and not just a girl from college.

   Rand’s lies tells us Rand has a compartmentalized  mind!  Rand sees no  conscious link to what he did when he kidnapped a girl ( in his mind)  at college, I bet she was 20, and deep down his unconscious mind  thinks kidnapping a young woman, trying to get her to smoke pot and then forcing her to worship Aqua Buddha was violent and his unconscious mind wants him to be held accountable for it.

But of course Rand’s Conscious mind  can’t accept that so he projects all of his misdeeds onto Bill an acceptable Out Group, Scapegoat.  Never mind Bill did a have consensual  affair between adults that was non violent. I do wonder why Rand did not try and rape the girl he kidnapped but at the video at the link he alleges that after he says he is against workplace violence  ”so if thats what Bill Clinton did multiple times ”

What a lawyer way to say something but still be able to parse words and say you did not say something! Rand is an eye doctor the statement in quotes is from a lawyer a good lawyer who understands libel law. This means Rand is getting talking points from the GOP think tanks and or his Presidential campaign lawyers. How you say things also tells us things!

  To bad for Rand he does not realize that when he talks about Bill Clinton Rand is really talking about himself…and whats sad is he envies Bill for all the things he imagines Bill did but can’t accept that he did himself.

The Easy Path to power explained through Myth, Odin, Loki, Windmills, Slaves and Fuel Cells.

By: ThingsComeUndone Thursday January 16, 2014 9:56 am

 

There is a dark side to power to win it is easier  do bad things to win.  Odin for example locked up his friend Loki ( they went on many cool adventures, Loki seems much more the clever guy to have a beer with than Thor in Norse Myths).

But hey lets not knock Thor he was loyal and had your back in a bar fight or war. Thor would never think of joining the Texas National Guard if his friends were going to war. Tell me who your friends are and I’ll tell you  who you are the Mexican saying goes those reporters who thought Bush was the guy you wanted to have a beer with….they are not the kind of folks I like to drink with.

Anyway why lock up Loki? because for the Gods to rule they needed to keep the Giants down. Its so much easier to take the best land for yourself and have have sharecroppers work the land nobody wants rather than innovate and use less labor to produce a higher standard of living for all.  The problem becomes worse when new technology comes around despite your laziness  for then you refuse to innovate because it would hurt your current business.

Roman slave dealers preferred that people use slaves to grind grain thus keeping up demand for slaves and prices high rather than use wind and water mills to grind grain cheaper and faster.

We have Hybrid cars like the Tesla that can smoke just about anything on the road.  We have fuel cell Semi trucks that can haul more than a Diesel Semi but instead we keep using oil.

Loki as  a half Giant would be expected to rally support for the poor oppressed Giants pushed off their land by the Gods and forced to live on a reservation.
( Native Americans were much taller than American colonists since they ate better.) Immigrants tend to describe the people they displace as taller or even as giants.

The Immigrants  explain they had to displace these people because the people they replaced were morally corrupt, their God told them they could have the land, Kippling’s  White Man’s burden to civilize them, Rome we must spread Roman law and order.

We moralize the things we do to get power and keep power but in taking the easy way to get power we trap ourselves into doing everything the easy way.

Conservatives want to stop all progress and keep things as they are/return to a mythic golden age that never was. That is what they say they want, instead what they actually do is spin stories that rewrite  history and excuse crimes used to get power.  They later on in every age defend past ways of thinking as others innovate because they are getting rich off the current system and are to lazy to learn new things, to lazy to start a new industry and are spending to much cash on a party life style to invest in new technology and or a new way of doing things.

The thing about Myths they show hidden truths we hide from ourselves. The Norse deep down knew they were guilty. They knew Loki would throw down their civilization and in the end they knew they would have to start all over again.

If only we would use even half the energy we use to keep people down, er keep us safe, er  Bwahahaha! sorry could not write that with a straight face to instead help everyone have a better life we would not need to worry about being safe so much.

Sadly I am unaware of a single human society that has tried to put these ideas into action they all prefer the easy path to power.

Sunday er Wednesday Preaching Bradley Manning

By: ThingsComeUndone Wednesday August 21, 2013 5:44 pm

The true test of Morals is crisis its easy to be good when times are good. Its much harder to be good when everyone is against you.

 

the devil took him to a very high mountain and showed him all the kingdoms of the world and their splendor. 9 “All this I will give you,” he said, “if you will bow down and worship me.”

10 Jesus said to him, “Away from me, Satan! For it is written: ‘Worship the Lord your God, and serve him only.’[e]”

11 Then the devil left him, and angels came and attended him.


http://www.biblegateway.com/passage/?search=Matthew+4%3A1-11&version=NIV

Bush and then Obama went into the Wilderness of War to be tempted. The Devil said Torture people and you can save American lives Bush and then Obama in his turn said Great Idea.
The Devil said next if you kill civilians who cares just so long as one American life is saved.
Bush then Obama in his turn said tell me something I don’t know.
The Devil replied your own people won’t understand why you do the things you do. You do this for THEM America needs cheap gas and oil.
So you must lie to the simple minded American people about torture and killing Civilians.
Bush then Obama in turn bowed before Lucifer.

But as always Lucifer lied and his ideas were clever…but only by half

For when people found out about Torture the American people started to turn against the war and Afghans and Iraq’s who previously supported America saw their friends and relatives tortured and dead and started killing Americans.
The Devil’s logic was the same story he sold General Westmoreland and Nixon in Viet Nam “Grab them by the balls, and their hearts and minds will follow”
A war of Attrition strategy where you kill the enemy and torture them mercilessly even at the risk of doing the same to civilians in the hopes you can kill the enemy faster than he can replace his losses and scare the civilians from joining the enemy fails.
Because if being the friend of America will get you killed and being the enemy of America will get you killed at least if you join the enemy you don’t have to worry about getting killed by your own side!
Morals are more than rules made by God. God is logic and Knowledge. God is ideas that work in the Real World.
Following God is doing the hard work early on so you don’t have to work harder later on.
Do onto others as they would like to be done onto and you gain their cooperation. Do onto others as you want to please yourself and you are using people…people don’t like to be used.

I should like to note that Bradley Manning very well might be the first person to be sent to jail by another Nobel Peace Prize winer if he wins the Nobel Peace Prize and that Obama is the first Nobel Peace who after getting the Nobel Peace prize became a War Criminal.

 

On Monday, Solomon presented Nobel committee member Asle Toje with a petition with more than 100,000 signatures endorsing Manning for the peace prize. Among those signing the petition was Nobel Peace laureate Mairead Corrigan-Maguire. The signatures, many of which were accompanied by comments, were collected by RootsAction.org, which Solomon co-founded.

Solomon said he told Toje that many of the people who signed RootsAction.org’s petition said they believe the Nobel committee needs to redeem itself after giving the peace prize to Obama in 2009.

Solomon said the leaks motivated the Iraqi government to insist on legal jurisdiction over alleged criminal acts by U.S. troops.

“And for the Obama administration that was totally unacceptable, so that compelled a swifter, full withdrawal of U.S. troops from Iraq,” Solomon said.

Solomon said Manning’s disclosures also paved the way for the beginning of the Arab Spring by revealing the corruption of the government in Tunisia, and it’s collaboration with the U.S. government.

So lets get this straight Obama got a Nobel Peace Prize for nothing but the hope he would end the wars soon a Freakin Hope.
Bradley’s leak motivated the Iraq’s to insist on prosecuting war crimes and since America under Obama could not agree to that we withdrew troops from Iraq.
Bradley actually did what the Nobel committee hoped Obama would do!
Bradley helped create Arab Spring by revealing the corruption in Tunis and how they cooperated with America.
Has anyone else did as much as Bradley lately to further world peace?


http://www.mercurynews.com/breaking-news/ci_23876099/marin-activist-lobbies-norway-nobel-peace-prize-bradley

In other news Obama just asked for Bush and friends to be granted immunity for war crimes.

SAN FRANCISCO, Calif., (Aug. 20, 2013) — In court papers filed today (PDF), the United States Department of Justice requested that George W. Bush, Richard Cheney, Donald Rumsfeld, Colin Powell, Condoleezza Rice and Paul Wolfowitz be granted procedural immunity in a case alleging that they planned and waged the Iraq War in violation of international law.
Obama’s timing needs work.

Hedge Funds can’t even match Market Average.

By: ThingsComeUndone Monday August 19, 2013 1:13 pm

 

When Bankers on WallStreet say they deserve their huge pay checks because they provide a service to the economy by efficiently allocating capital.

Money invested in hedge funds since 2003 would have generated a return of 18% through November, according to data compiled by Hedge Fund Research. That puts it far behind the Standard & Poor’s 500-stock index, which has generated returns of 29% over that same period, once dividends are factored in, according to Simon Lack of SL Advisor
http://www.motherjones.com/kevin-drum/2011/12/are-people-who-invest-hedge-funds-morons

I want you to remember  that the Best Minds on Wallstreet work at the hedge funds. Now then does an  11 %  loss from 2003 -2011 compared to the S & P 500 market average  Really sound like efficently allocated Capital to you?

Now lets look at our once and quite possibly future GOP nominee for President Mitt’s Bain Capital Hedge fund. After all his expertise running Bain is his only qualification for the White House.

the hype surrounding Bain, investors in the firm’s biggest funds, raised in 2006 and 2008, would have been better off in a simple stock index fund.

Clear Channel Communications epitomizes all three of these issues. Bain and buyout firm Thomas H. Lee Partners bought the nation’s largest group of radio stations for $24 billion in July 2008, including $2.1 billion in equity, just in time to watch the advertising market collapse along with the U.S. economy. Loaded with $21 billion in debt and a $1.5 billion annual interest tab, Clear Channel barely earns enough to cover its interest payments and capital expenditures. And even giving it an Ebitda multiple akin to the far more profitable Disney, for example, the company is worth perhaps 70% of what Bain paid for it.
http://www.forbes.com/sites/danielfisher/2012/10/03/the-truth-about-bain/2/

My Bold

Bain’s Fund VII, a quaint $2.5 billion, which started in 2001 just before Romney’s formal exit, was Bain’s only true success of the decade, returning $4.4 billion to investors for a solid 29% internal rate of return so far,

Fund VIII has generated an 11% IRR since 2004, placing it in the lower half of funds PitchBook tracks. Fund IX has returned 2.6%: in the upper half, according to PitchBook, but badly trailing the S&P 500.

And then there’s giant Fund X, which has invested $7 billion of the $10 billion-plus raised. It’s actually lost money, according to PitchBook: specifically, -2% compared to a 14% return in the S&P over the same period.
http://www.forbes.com/sites/danielfisher/2012/10/03/the-truth-about-bain/2/

Bain’s early good performance can be explained this way anyone can make money in a speculative bubble as the saying goes.
To which I add Connected Crony Capitalists with the inside track can make more money than the market average during a speculative bubble with their inside connections.
But Crisis is the true test of financial genius and beating the S@P 500 average never mind the top 10 dow stock average’s yearly gain is the goal in a Crisis.
Using that standard Bain fails.
Interesting note Rush seems to be sinking ClearChannel all by himself. But as long as Rush is still on Mitt’s payroll ( yes Mitt sold his stock but he gets a declining share of Bain’s profits for 10 years) we can assume that Mitt will run again as President. After all why else would Mitt be keeping Rush on the Payroll with all the advertisers he is losing?

5 years into a 10 year bet Warren Buffet bet $1 million that  the S & P 500 would out perform  Protege Hedge Fund Partner Ted Seides five hedge fund picks.

Fortune’s Carol Loomis reports today that Buffett’s chosen fund is up 8.69 percent, easily ahead of the hedge funds picked by Protege with their 0.13 percent average increase.

http://www.cnbc.com/id/100405142

So if you had $100 invested with Warren you would have $8.69 cents profit. If you had $100 in Ted’s Hedge fund picks you would have .13 cents profit.

Maybe just maybe Hedge fund fee’s of   a 2% management fee  on all assets  invested a year and 20% of any profits from those investments are to high? Maybe Wall Street Bankers are over paid?

Why do Retirement funds, Pensions etc hire big Wall Street firms to manage their investments often buying hedge funds when just buying an equal share of every company in the S & P 500 could get them a better return?

If you claim greater pay because you are an expert then it stands to reason you should not get paid if you can’t meet the S & P 500 average for 5? years straight.

How many politicians from Chris Christi to Rahm Emanuel  want to cut pension funds because they can’t afford them without raising taxes on the rich.

But they still keep their pension funds invested in WallStreet banks which charge fees to invest the funds in hedge funds which charge much much bigger fees to fail to meet the S & P 500 average. Something anyone can do with a simple phone call to Vanguard.

 

 

Secular Humanism Whats not to like? Gay Rights

By: ThingsComeUndone Saturday August 17, 2013 10:16 am

Secular Humanism is a school of thought that thinks reason and logic should be used to promote social justice and provide reasons for why we should be ethical and obey laws rather than rely on God.

The Principle of Harm for example asks why do we have make laws? Why to protect both the individual and society from harm. Balancing the needs of the individual and society often come into conflict based on who has the greater need and at what point do you draw the line?

But the basic idea is you must first show a harm to an individual or society before you make a law restricting others actions.

Secular Humanists ask who cares if Gays get married how does this harm me or society?

Gays are Deviant Horn Dogs they can’t control their sexual impulses plus ickk!

Fine lets test your theories by reviewing the facts. Since San Francisco is the Gay capital of America we could expect to see more Rape and more Child Molesting in that city and in California as a whole yes? If your theory is true.

Damm well Straight! When Jesus comes back he is going to sodomize the Sinners with Nukes! They don’t believe in Jesus! They believe in man on dog.

The rate of rape in San  Francisco is .16 per 1,000 the average rate of rape in America is .27 per 1,000.

http://www.neighborhoodscout.com/ca/san-francisco/crime/

The ratio of number of residents in San Francisco to the number of sex offenders is 1,334 to 1.
The number of registered sex offenders compared to the number of residents in this city is smaller than the state average.

http://www.city-data.com/so/so-San-Francisco-California.html

California has 198 registered sex offenders per 100,000 the US average is 235 per 100,000.

Interesting facts of note Utah home of Moralizing Mormon Mitt  has 255 registered sex offenders per 100,000. Texas home of George Bush has 289, Virginia where Rick Santorum, Pat Robertson  and Jerry Falwell  were born 242 per 100,000.

Lies Lies I know what I believe what you say can’t be true it can’t!

Look if you want to dispute the statistics by doing your own research or finding flaws in the research thats ok but you can’t call a person a liar just because they disagree with you.

You don’t know anything about Fundamentalists Christians do you? States where people are Godly, go to church and read the bible  have less sex crime thats a fact. Anyone who says otherwise is a Commie, Secular Humanist, Liberal!

Hmmm off topic insight  if being able to reason is proof that Man is better than the animals because we have evolved then maybe Darwin was wrong?

Hallelujah Brother the Lord is helping move you onto the path!

All Comedy aside look below at a list of Secular Humanist Principles and notice we tested bible views about Gays not having control of their sexual urges with reason and evidence.  We did so seeking justice and fairness to build a better world one day.

But notice that religious belief trumps facts for the believers and these beliefs our the major obstacle to peace in the world.

According to the Council for Secular Humanism, within the United States, the term “secular humanism” describes a world view with the following elements and principles:[7]

  • Need to test beliefs – A conviction that dogmas, ideologies and traditions, whether religious, political or social, must be weighed and tested by each individual and not simply accepted by faith.
  • Reason, evidence, scientific method – A commitment to the use of critical reason, factual evidence and scientific method of inquiry in seeking solutions to human problems and answers to important human questions.
  • Fulfillment, growth, creativity – A primary concern with fulfillment, growth and creativity for both the individual and humankind in general.
  • Search for truth – A constant search for objective truth, with the understanding that new knowledge and experience constantly alter our imperfect perception of it.
  • This life – A concern for this life (as opposed to an afterlife) and a commitment to making it meaningful through better understanding of ourselves, our history, our intellectual and artistic achievements, and the outlooks of those who differ from us.
  • Ethics – A search for viable individual, social and political principles of ethical conduct, judging them on their ability to enhance human well-being and individual responsibility.
  • Justice and fairness – an interest in securing justice and fairness in society and in eliminating discrimination and intolerance.[17]
  • Building a better world – A conviction that with reason, an open exchange of ideas, good will, and tolerance, progress can be made in building a better world for ourselves and our children.

http://en.wikipedia.org/wiki/Secular_humanism#Manifestos_and_declarations

 

 

The Cost of Iraq War, The WorldWide cost of Oil subsidies and the cost of a Volt

By: ThingsComeUndone Sunday July 21, 2013 7:26 am

If you google Chevy Volt pays for itself you find a bunch of articles like this

Chevy Volt pays for itself in just 27 years. A graphic from the right-wing NY Times shows the break-even times for buyers who purchase a fuel-efficient hybrid, electric or otherwise eco-friendly vehicle vs. the approximate gas-powered equivalent. BTW, the EV prices include the Federal Tax Credit, which does not always find its way to the end user.

 

If you are thinking about buying a Chevy Volt, A Nissan Leaf (all electric ) or just a hybrid car this must have you worried.

However if you look at the big picture you should be terrified of driving regular cars.

Charts: Bush Lowballed Us on Iraq by $6 Trillion
—By Tasneem Raja| Tue Mar. 19, 2013

http://www.motherjones.com/mojo/2013/03/charts-cost-iraq-war

Iraq was  a war for oil that we will all be paying for one way or another.

As shown below, the total, global amount of fossil fuel subsidies provided in 2012 is likely to be at least ¾ of a trillion dollars annually – $775 Billion


http://priceofoil.org/fossil-fuel-subsidies/international/

But the oil companies want more tax breaks!

Nov 9, 2010

Global subsidies for renewable energy totaled $57 billion in 2009, International Energy Agency Chief Economist Fatih Birol said today, providing the agency’s first estimate of assistance for the industry.

http://www.bloomberg.com/news/2010-11-09/renewable-energy-subsidies-worldwide-reached-57-billion-in-2009-iea-says.html

 

6 trillion plus 775 billion = 6.775trillion this year and the number increases by 775 billion a year compare this to 57 billion a year in subsidies  for all green energy.

Cost is still cost whether its government or the free market if money is spent on oil and wars for oil thats less money spent in the economy.

If anyone has a calculator that goes up that high please figure out just how many Chevy Volts, Leafs, hybrids America could have bought for 6.775 trillion dollars assuming that they were all driven the average amount a year Americans drive thats a little less than 10,000 miles but lets round up to make the math easier   Chevy Volt price MSRP*1 as low as $31,645

http://www.chevrolet.com/volt-electric-car.html

If we use another analysis but this guy does not show his math but the Financial Post is a business  rag and if anything business rags would print  low numbers on this subject. I just wished they showed the math better.

the real cost of oil from the Middle East for Americans may total US$300 a barrel or more

http://www.financialpost.com/story.html?id=d09989e3-1c24-4b7b-ba38-9a7b69a2bd94

Notice that despite all the talk of America being self sufficient in oil oil prices are still high but the true cost of oil is hidden and not paid for directly at the pump.  However everyone can understand $300 a barrel for oil.

 

High School dropouts down, number of people with Bachelors up since 1990

By: ThingsComeUndone Saturday July 13, 2013 1:57 pm

High school drop out rates down nearly 50% the number of people with Bachelor’s degrees up over 50% since 1990. Are schools are not failing. If you look at the charts below you will see that funding for schools doubled since 1990. There appears to be a 1 on 1 correlation between the amount of money you spend on education and the number of people who finish high school and the number who go on to get a Bachelor’s degree. This trend is over two decades long.

Charts at the link

http://www.usgovernmentspending.com/us_per_capita_spending.html 

 

In 1990 1,225.9  billion was spent on education  In 2013  2,465.4 billion  so we slightly more than doubled school funding in the last 23 years. No Child Left behind was started taking effect in  2002. If you look at the chart below you can see that the rate of high school drop outs declined by about the same amount every year both  before and after No Child Left Behind was passed. The extra funding for schools No Child Left Behind brought seems to have kept the trend going. Despite stories in the Media about some schools forcing kids with low test scores to drop out of school to keep the school’s No Child Left Behind  test scores up.  If No Child Left Behind did not tie funding to test scores the number of kids who dropped out of high school would be even lower. It should be noted that the gap in the number of high school drop outs in 1990 between the races also dropped 1990 In 1990 Asian/Pacific Islanders dropped out at a rate of 4.9. Whites dropped out at a rate of 9 a 4.1% difference. In 2010 Asian/Pacific Islanders dropped out at a rate of 4.2 .  Whites dropped out at a rate of 5.1  a .9 % difference In 1990 Asian/Pacific Islanders dropped out at a rate of 4.9. African Americans dropped out at a rate of 13.2 %   an 8.3% difference. In 2010 Asian/Pacific Islanders dropped out at a rate of 4.2 . In 2010 African Americans dropped out at a rate of 8. a 3.8 % difference. In 1990 Asian/Pacific Islanders dropped out at a rate of 4.9. In 1990 Hispanics dropped out at a rate of 32.4%  a 27.5% difference. In 2010 Asian/Pacific Islanders dropped out at a rate of 4.2. In 2010 Hispanics dropped out at a rate of 15.1 % a 10.9% difference. In 1990 Asian/Pacific Islanders dropped out at a rate of 4.9 In 1990 American Indian/Alaska natives dropped out at a rate of 16.4%  an 11.5 % difference. In 2010 Asian/Pacific Islanders dropped out at a rate of 4.9. In 2010 American Indian/Alaska natives dropped out at a rate of 12.4 %  a  7.5% difference. While much has been written about White Schools getting more funding we should be asking just how much funding do Asian schools get and what proportion of  Asians send their kids to private, public or charter schools. It should be noted that the huge increase in Hispanic Immigrants we have had in recent years has not lowered Hispanic the shrinking numbers of Hispanic high school dropouts. Chart with facts below

Status dropout rates of 16- through 24-year-olds in the civilian, noninstitutionalized population, by race/ethnicity: Selected years, 1990-2010
Year Total1 Race/ethnicity
White Black Hispanic Asian/Pacific Islander American Indian/Alaska Native
1990 12.1 9.0 13.2 32.4 4.9! 16.4!
1995 12.0 8.6 12.1 30.0 3.9 13.4!
1998 11.8 7.7 13.8 29.5 4.1 11.8
1999 11.2 7.3 12.6 28.6 4.3
2000 10.9 6.9 13.1 27.8 3.8 14.0
2001 10.7 7.3 10.9 27.0 3.6 13.1
2002 10.5 6.5 11.3 25.7 3.9 16.8
2003 9.9 6.3 10.9 23.5 3.9 15.0
2004 10.3 6.8 11.8 23.8 3.6 17.0
2005 9.4 6.0 10.4 22.4 2.9 14.0
2006 9.3 5.8 10.7 22.1 3.6 14.7
2007 8.7 5.3 8.4 21.4 6.1 19.3
2008 8.0 4.8 9.9 18.3 4.4 14.6
2009 8.1 5.2 9.3 17.6 3.4 13.2
2010 7.4 5.1 8.0 15.1 4.2 12.4

http://nces.ed.gov/fastfacts/display.asp?id=16   While dropping the number of High School Drop Outs is nice America needs college Grads! in 1990 only 13.1% of Americans had a Bachelor’s degree

in 1990, only 13.1 percent of Americans had Bachelor’s Degrees, and in 2000, the number had risen to 15.5%  In 2012 that number had almost doubled to   30.4%

http://www.phonydiploma.com/what-percent-of-americans-have-a-college-degree.aspx   

 

The proportion of Americans with college degrees has reached a new high — 30.4 percent of the U.S. population over the age of 25 has at least a bachelor’s degree, according to data released by the U.S. Census Bureau. 50 percent of Asian American over age 25 have at least a bachelor’s degree, as well as 34 percent of white Americans, 20 percent of African-Americans, and 14 percent of Hispanics. In the past decade, Hispanics experienced the biggest gains with the number who completed at least a four-year degree rising from 2.1 million to 3.8 million — an increase from 11.1 percent in 2001 to 14.1 percent in 2011. The increase among blacks was 47 percent and among non-Hispanic whites, 24 percent, during that time. The number of women 25 and over with bachelor’s degrees increased 37 percent in the past 10 years, compared to an increase of 23 percent for men, 

http://blogs.edweek.org/edweek/college_bound/2012/02/college_degree_attainment_reaches_new_high_in_us.html 

 My bold sure we all have more to do to catch up with Asians but we are headed in the right direction.
No Child Left Behind Test Scores are not as important as the high school drop out rate. Just ask any high school drop out trying to get a job.
I.Q does not matter as much as actually getting a Bachelor’s degree just look at how much people with a Bachelor’s get paid. It takes hard work, determination, focus as well as brains to get a Bachelor’s.
These are the qualities you need to succeed in Life as well as at school.
Jason Richwine’s comment about Hispanic IQ and  socioeconomic assimilation  flies in the face of facts. A high school diploma or even better a college degree is more important for your income than a high IQ.
     In a Capitalist Country socioeconomic assimilation depends more on money than anything else for if you have money everyone will want to be your friend…granted for the wrong reason.
“The average IQ of immigrants in the United States is substantially lower than that of the white native population, and the difference is likely to persist over several generations,” he wrote. “The consequences are a lack of socioeconomic assimilation among low-IQ immigrant groups, more underclass behavior, less social trust, and an increase in the proportion of unskilled workers in the American labor market.”
Having an IQ slightly above average (WORSDUM 7-8) yields only a $3,200 boost to income, in comparison to $13,900 for a bachelor’s degree and $26,900 for a graduate degree.
51 percent of Hispanic students who start college complete a bachelor’s degree in six years, compared to 59 percent of white students.
An 8% difference is not bad considering Hispanics tend to have less wealth to afford college.
A record seven-in-ten (69%) Hispanic high school graduates in the Class of 2012 enrolled in college that fall, two percentage points higher than the rate (67%) among their white counterparts.
  Jason Richwine’s Thesis about IQ being the determining  factor and not highest grade level in school being the determining factor as far as income goes has been proven false.
Jason Richwine’s Thesis about
“The average IQ of immigrants in the United States is substantially lower than that of the white native population, and the difference is likely to persist over several generations,
My bold has been proven false just in this generation we are making great strides in going to college.
But why just pick on the logic challenged Jason and the lazy ass Harvard professors who it seems did not even bother to  google key statements in his thesis.

Accompanied by his wife, Michelle, and his daughters, Malia and Sasha, who sat in the front pew, Mr. Obama, the presumptive Democratic nominee, laid out his case in stark terms that would be difficult for a white candidate to make, telling the mostly black audience not to “just sit in the house watching ‘SportsCenter,’ ” and to stop praising themselves for mediocre accomplishments. “Don’t get carried away with that eighth-grade graduation,” he said, bringing many members of the congregation to their feet, applauding. “You’re supposed to graduate from eighth grade.” His themes have also been sounded by the comedian Bill Cosby, who has stirred debate among black Americans by bluntly speaking about an epidemic of fatherlessness in African-American families while suggesting that some blacks use racism as a crutch to explain the lack of economic progress.

Maybe Obama and Bill Cosby should meet some Black People poor Black People and ask them are things getting better?  Or they could just pick up a newspaper, google some news about education and realize yes African Americans have almost had a 50% drop in high school dropouts  since 1990 and the number of College Grads with a Bachelor’s has increased to 47%.
I wonder just hoe they read to much Pat Buchanan and not enough Jonathan Kozol, maybe they had the same professors who were Jason Richwine’s thesis advisors.  Maybe they are all invested in for profit Charter Schools?w Bill and Obama both managed to graduate from college as African Americans and not know this stuff?  Maybe they both own stock in for profit charter schools?