Random Thoughts on Recent Happenings

© 2017 Steve Feinstein. All rights reserved.

No. 1—The Tax Bill

Buried away in a postage stamp-sized small parcel of this bill was the authorization to –finally!—open up the ANWR region for oil exploration. If you’ve paid attention to this issue over the last, oh, 30 years or so, I don’t have to explain that very tongue-in-cheek reference I made as to the size of the bill.

It’s not going to “ruin the environment.” The existing Alaskan Pipeline hasn’t disrupted your precious caribou nor has it besmirched the Alaskan countryside with all manner of nasty accidents. The irony is that we just may not really need ANWR’s oil at this point. When geological experts first predicted that the ANWR region like held a treasure-trove of billions of barrels of crude oil, fracking had not yet come of age. The world was still getting its oil the old-fashioned way: by drilling down for it, with conventional wells.

Fracking would come of age decades later, with horizontal as well as vertical drilling technology and the ability to drill several miles to reach the oil. Then, by injecting high-pressure water into the fissures of oil-soaked shale rock, the oil is released and able to be recovered. Not as easy and uncomplicated as those simple vertical wells in the Saudi desert, but we’ll take it. Shale fracking’s contribution to the world’s oil supply is directly responsible for the world-wide drop in oil prices that has made your gasoline $2.47/gal today, a far cry from the $4.08/gal you were paying in the pre-fracking days of 2008.

Tapping ANWR’s massive oil reserves will ensure American energy independence for decades to come—oil-based independence. It’s just that with the emergence of EVs like Tesla and the Chevy Bolt, gasoline (oil)-powered cars are on the decline. How long before oil-based transportation is no longer the dominant format? 20 years? 40 years? It’s coming, and fast, so ANWR looms as a less important piece of the American energy puzzle than seemed possible just 20 short years ago. Twenty years ago, no one could have predicted either fracking or EVs. That’s how fast things move.

No. 1a—The Tax Bill

All through its gestation, up to and including its no-Democrats passage, the bill was denounced by its political opponents with every tired, trite, incorrect reason that Democrats always use to criticize any Republican-sponsored tax-reduction bill: It will only benefit the ‘rich,’ the Republicans are doing this only to reward their fat-cat donors, the middle-class gets nothing, it’s a sham, etc., etc. We’ve heard it all before. The only thing more remarkable than the predictable inaccuracy of their criticism is the certainty that Democrats will gladly take the tax relief and pocket it to their own personal benefit. As they should. But wouldn’t we all be impressed to see some liberal business owner give back the 14% break they got from the Gov’t (from 35% down to 21%) on their corporate taxes? To quote every liberal when you back them into a logic-based corner from which there is no escape: “Well, that’s different…..”

No. 2—The Move to Recognize Jerusalem and Nikki Haley’s Shredding of the UN

U.S. Presidents from Clinton onwards have stated with unequivocal certainty that Jerusalem is the capital of Israel and America will formally recognize that and move its embassy there. Except that no President, R or D, has had the nerve to actually do so. Don’t want to upset the Palestinians, since obviously the peace process is going so well, all the terror attacks against Israel have stopped and all the Arab/Palestinian organizations have decided to formally accept Israel’s right to exist.

So, Donald Trump announces that the U.S. will move its embassy to Jerusalem, in accordance with long-stated American policy. But because it’s Trump, the liberal media go wild with criticism and condemnation and American Jews—reflexively, incongruously liberal to the core—jump on the “Oh boy, oh boy, oh boy let’s criticize Trump” bandwagon. Never mind that Israel’s Prime Minister Bibi Netanyahu applauded the move. American Jews are opposed, and to the liberal American media, that’s what counts.

The UN introduced a resolution denouncing Trump’s move and the vote was overwhelmingly in favor of the resolution, declaring our recognition of Jerusalem as Israel’s capital to be “null and void.”

In response, Nikki Haley, our mince-no-words UN ambassador, said the U.S. will not forget who voted for the resolution. “We’ll be taking names and watching the votes.” The unmistakable implication, of course, was that since the U.S. alone provides over 20% of all UN funding and also props up the economies of dozens of countries around the world with our generous-to-a-fault foreign-aid programs, this aid should no longer be considered automatic in the future.

The American public is generally pretty annoyed by the one-sided way in which the UN takes advantage of America’s generosity and the way the UN has become little more than a self-congratulatory forum for anti-Israel, anti-capitalistic, pro-globalist, pro-socialist platforms. As an organization, the UN does essentially nothing to promote world peace, but it does spend a lot of time and effort promoting countries like Syria and Iran to seats on the Human Rights council.

Haley called them out. But because she’s from the Trump administration, 50% of the American public and 95% of the liberal media will criticize her statements—even though in the privacy of their own thoughts, virtually everyone agrees with her.

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