Category Archives: Just To Aggravate Someone And You Know Who You Are

National Petroleum Reserve in Alaska Shrinks Considerably

Nothing to drill for baby!

The U.S. Geological Survey estimates 896 million barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered non-associated gas within NPRA and adjacent state waters. The estimated volume of undiscovered oil is significantly lower than in 2002, when the USGS estimated there was 10.6 billion barrels of oil. The new estimate, roughly 10% of the 2002 estimate, is due primarily to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of NPRA.

Don’t Confuse Them With Facts

Tell them smooth things that tickle their ears.

The disappointing part is that the press still lets them get away with this. At best, the press generally says something like “some economists claim this isn’t true,” implying there’s a debate about this issue — that some credible economists think the tax cuts will, in fact, pay for themselves — when there is no debate and the answer is clear. Tax cuts don’t pay for themselves.

What is true is that tax cuts benefit the press elite personally and they have no obligation to tell the public what bracket they are in, or their real names for that matter.