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Doug K from Allentown Profile

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US Politics

Lawmakers blame energy prices on speculation

Proven oil reserves are not a good indicator of future oil supply. When one takes USGS data published in 2000 into account, the numbers look a bit different. This is an interesting paper that describes why proven reserves only give half the picture. Ironically enough, the author seems to imply that energy companies themselves are painting the picture of scarcity to keep prices high. http://www.radford .edu/~wkovarik/oil /  (May 15, 2011 | post #131)

US Politics

Lawmakers blame energy prices on speculation

These premises that you keep attributing to me aren't mine at all. As I voted for Obama in 2008, I would hardly categorize myself as Conservative buy perhaps compared to you I am. Corporations are not evil... nor are they good. The seek only to return the maximum value to shareholders. That may make them cold, but it makes them predictable. Something that politicians are not. If a company's tax position causes them to lose about 2 percent of their profit (a number thrown around in congressional hearings), they are going to take steps to recoop. You still haven't answered my question. How is this any different than tax breaks for renewables, tax incentives for urban revitalization, etc? Are they not all the same? Started with good intentions but destined to eventually outlive their welcome? One day in a not so distant future, large utility companies will be lobbying hard to keep their SRECS despite billion-dollar profits. Another one while you're at it. Why wasn't this tackled in 2009 when the Democrats had the supermajority and the White House? Could it be because they are on the oil company payroll as well? Like many bomb-throwers on here (left and right alike), you seem quite incapable of seeing any side but your own. You also look at the world in black and white and claim to have all hte answers.  (May 15, 2011 | post #130)

US Politics

Lawmakers blame energy prices on speculation

On that I agree wholeheartedly. No one should be able to bid on a future unless they are prepared to take delivery. That would stop it right there.  (May 15, 2011 | post #123)

US Politics

Lawmakers blame energy prices on speculation

The links you posted do not say that no jobs will be lost. They mreely point out that the oil execs pad the numbers. Let's just say that one percent of all workers who are direct employees of the oil industry are outsourced. By the numbers listed above, that would be 0.01 * 800000 = 8000. Although this is a small amt, my estimate was extremely conservative. Not to mention that this is only direct employees... not employees who work for companies who will no doubt feel an impact. Tens of thousands is certainly a resonable extrapolation. I have no position on the issue other than it is not a black and white issue as one might think. As a rule, I don't like subsidies of any kind. Just out of curiosity. What do you think about tax breaks for "green" companies? Once they (tax breaks) are in place, they are hard to get rid of. Might we be finding ourselfes in a similar situation 30 years from now? Green companies reaping billions while enjoying favorable tax positions?  (May 15, 2011 | post #122)

US Politics

Lawmakers blame energy prices on speculation

GE didn't pay any either.  (May 14, 2011 | post #92)

US Politics

Lawmakers blame energy prices on speculation

Do you have links to prove otherwise? I don't think so. What you call a subsidy, others call a tax deduction. It is no different than local and state governments giving tax incentives for companies to set up shop? How is it any different than the Federal Government giving subsidies to people who buy hybrids? It doesn't take a rocket scientist to figure out that companies are going to send their production where costs are lowest. See just about the entire US manufacturing industry (electronics in particular) as evidence. Again... let me be clear. I don't like when the government does anything to favor any one industry over another. That doesn't mean I don't understand their reasoning or desire to do so.  (May 14, 2011 | post #91)

US Politics

Lawmakers blame energy prices on speculation

I share your disdain for speculation but not your implication that this is one sided. Oil companies pepper both sides of the aisle with money. These subsidies were put in place by bipartisan votes. Their original intent was a good one... namely to increase domestic oil production. Although I agree it is distasteful, I am not even sure that they are necessarily a bad thing. It isn't black and white. There is NO DOUBT that ending them will decrease production here. That means jobs. It is ironic how partisans are against subsidies for industries that they don't like or work for.  (May 14, 2011 | post #86)

US Politics

Lawmakers blame energy prices on speculation

I think this speculator crap is BS. In order to bid on futures, there should be a law that says you actually have to be able to take delivery. That would end it. Part of me wants high prices so that we alter our behavior and so that alternatives become viable WITHOUT huge government subsidies. I just CANNOT STAND when people force their way between buyers and sellers to siphon off the top. It is BS like this that fuels my strong opposition to cap and trade. A fake economy that produces NOTHING. If you want to change behaviors then tax it and be done with it. Use the money to buy back debt... Give it away to the poor... build a road or something. That's just my opinion.  (May 14, 2011 | post #84)

Tea Party

Pro-Bullying Lobby:Conservative Leader Explains Why He Is...

Creating special anti-bullying laws is much like anti-terroism laws. Everyone sees boogiemen everywhere and insists we need more laws to protect us. I'm not so sure. Being teased and yes bullied is indeed part of life for many peopole. Parents and teachers need to solve it. Having more laws and fake currulclum which students aren't likely to care about or listen to are not the answer. As far as the curriculim being 'hijacked' by the LGBT community, I could care less. I'm sure there probably is a disporportionate amount of information on it by some accounts and not enough by others. Regardless of the content, my guess is that it will be a waste of money and ineffective. Well intentioned but misguided.  (Mar 19, 2011 | post #104)

Gay/Lesbian

The AMA on the Origins of Sexual Orientation and Gender I...

Couldn't agree more.  (Feb 20, 2011 | post #71)

Gay/Lesbian

The AMA on the Origins of Sexual Orientation and Gender I...

Who cares when it happens? Perhaps some people just choose it. Perhaps some have always known. Why is this an issue? Sexuality is a broad spectrum with many grays between straight and gay.  (Feb 20, 2011 | post #70)

US Politics

Huckabee: Israel can build in West Bank, Jerusalem

I get the money thing, but isn't thre some value to having a strong, pro-Western ally in the region? As far as unconditional support gues, I get that too. I think the Palistinians, Egyptians, Jordanians, Syrians, etc. all have an image problem in the US. Either their Governments or the Muslim extremist organizations that are supported either directly or indirectly by them have stated many times that their goal is the complete destruction of Israel. It seems to me that anyone with such extrreme beliefs, either real or not, has a huge image problem. I'm sure that this extreme position does not represent the "average " Palistinian or Muslim just as ardent, unconditional supporters of Israel don't represent the "average " Christian. Perhaps that image problem could be cleaned up by campaign contributions. I am sure there are members of Congress that are willing.  (Feb 18, 2011 | post #299)

US Politics

Huckabee: Israel can build in West Bank, Jerusalem

I learned far more researching your Silkwood shower reference thatn I did reading that link.  (Feb 15, 2011 | post #291)

US Politics

Huckabee: Israel can build in West Bank, Jerusalem

Did you read that thing? Yuck.  (Feb 14, 2011 | post #287)

US Politics

Huckabee: Israel can build in West Bank, Jerusalem

Long-winded and poorly writen. I want my 10 minutes back.  (Feb 14, 2011 | post #285)

Q & A with Doug K from Allentown

Headline:

Knowledge IS Power

Hometown:

Allentown

Neighborhood:

South side

Local Favorites:

Yocco's, Brass Rail

I Belong To:

The human race

I'm Listening To:

Anything but Rap Music

Read This Book:

The End of Reason

Favorite Things:

Learning something new.