Saturday, December 6, 2014
Police Kill White Male Suspect in Hollywood
Only a "white male," so forget about protests. Only #BlackLivesMatter. http://t.co/jmyoXp7yOA
— Donald Douglas (@AmPowerBlog) December 6, 2014
Sheikhs vs. Shale: The New Economics of Oil
THE official charter of OPEC states that the group’s goal is “the stabilisation of prices in international oil markets”. It has not been doing a very good job. In June the price of a barrel of oil, then almost $115, began to slide; it now stands close to $70.Keep reading.
This near-40% plunge is thanks partly to the sluggish world economy, which is consuming less oil than markets had anticipated, and partly to OPEC itself, which has produced more than markets expected. But the main culprits are the oilmen of North Dakota and Texas. Over the past four years, as the price hovered around $110 a barrel, they have set about extracting oil from shale formations previously considered unviable. Their manic drilling—they have completed perhaps 20,000 new wells since 2010, more than ten times Saudi Arabia’s tally—has boosted America’s oil production by a third, to nearly 9m barrels a day (b/d). That is just 1m b/d short of Saudi Arabia’s output. The contest between the shalemen and the sheikhs has tipped the world from a shortage of oil to a surplus...
Erik Wemple on Rolling Stone's UVA Rape Story Debacle
Heads should roll at Rolling Stone.
At WaPo, "Rolling Stone's disastrous U-Va. story: A case of real media bias."
American Hostage Luke Somers Killed During Rescue Attempt in Yemen
Damn.
At WSJ, "Luke Somers Raid in Yemen: How It Went Wrong; Hostages Were Mortally Wounded After Militants Were Alerted to Rescue Attempt."
More at Memeorandum.
Plus, at CNN, "American hostage killed in rescue mission."
'The New York City protests are being coordinated by hardcore far-left activists...'
From last night's Talking Points Memo, "Who Is Organizing the Racial Protests Breaking Out Across America? (VIDEO)."
PREVIOUSLY: "Video: New York Streets Flooded with Race-Mongering, Communist-Backed Protesters."
Nigella Lawsom Makes Saucy Return to 'The Taste'
At London's Daily Mail, "'I had no idea so much décolletage was on display - mortified!' Nigella Lawson makes a VERY saucy return to The Taste thanks to her low-cut dress."
One last thing: I had no idea quite so much décolletage was on display; mortified. On top of everything else
— Nigella Lawson (@Nigella_Lawson) December 5, 2014
CNN's Erin Burnett Chirps About How Far-Left 'Die-In' at New York's Macy's is 'Funny' (VIDEO)
It's criminal trespass and disturbing the peace, at minimum. These idiot commies should be prosecuted. But the clueless Erin Burnett thinks it's freakin' hilarious!
She should be taken out at flogged, the worthless scumbag.
Victoria's Secret Exotic Traveler
'CBS Evening News' Covers Rolling Stone Rape Story Debacle
A pretty lame report, actually. It downplays the leftist lies that lead to hoaxes like this, and pumps up the meme that fewer women will report rapes because they'll be "attacked" as liars.
Well, thank the idiot hate-mongering leftists for that.
Friday, December 5, 2014
New York Racial Violence Protesters Lay Siege on Apple Store
.@USATODAY Moral reprobates and leftist idiots. But I repeat myself.
— Donald Douglas (@AmPowerBlog) December 6, 2014
Protesters storm the Apple store on Fifth Avenue and stage "die-in" http://t.co/yrnrPBRR92 pic.twitter.com/uJg67mCzsM
— NBC New York (@NBCNewYork) December 6, 2014
On the Way Out, Mary Landrieu's Fighting Dirty, Peddling Lies and Racial Animosity
From John Fund, at National Review, "Landrieu’s Ugly Exit."
Also at RCP, "Louisiana Senate Runoff: Cassidy Up 20 Points."
Social Justice Kills
Because #SocialJustice hurts everyone. pic.twitter.com/mUVP8ycGX7
— StacyFace (@StacyOnTheRight) November 28, 2014
Orion Flight Test
Also at NYT, "First Flight Test Is Successful for NASA’s Orion Spacecraft."
More video, "Liftoff of Orion"; "Orion Splashdown"; and "Orion From the Recovery Ship."
Yesterday's Best of Music 2014 Link was Bad
I appreciate the readers who've purchased items through American Power's Amazon shopping links. I don't pimp for dollars much around here, but I appreciate the cash earned through the Amazon sales program. Thanks again.
There's still time for Cyber Week shopping too!
Rolling Stone Apologizes for UVA Rape Story
Check Ashe Schow, who's been all over this:
Talk about a Friday news dumb, @RollingStone: http://t.co/cMndKwx1oZ
— Ashe Schow (@AsheSchow) December 5, 2014
“One of my biggest fears... is that people will be unwilling to believe survivors in the future” http://t.co/qlkAeTTrHR cc: @AsheSchow
— CamEdwards (@CamEdwards) December 5, 2014
FLASHBACK: "If false, Rolling Stone story could set rape victims back decades”
http://t.co/IwFMkOSONI
— Ashe Schow (@AsheSchow) December 5, 2014
Don't become a fucking reporter if you're not willing to let the facts get in the way of a great story.
— Olivia Nuzzi (@Olivianuzzi) December 5, 2014
Also, worth noting that the Rolling Stone fauxpology puts the blame entirely on “Jackie" and none of it on itself. Because why not?
— T. Becket Adams (@BecketAdams) December 5, 2014
Rolling Stone editor says trust in gang-rape accuser “misplaced” http://t.co/kh7g21OnP0
— Ashe Schow (@AsheSchow) December 5, 2014
This was not a good week for real victims of rape
— Ashe Schow (@AsheSchow) December 5, 2014
@AsheSchow This is what happens when you have journalists who think it's more important to push an agenda than checking facts
— Yeyo (@facerealitynow) December 5, 2014
FIFY RT @AmandaMarcotte: Oops. My bad. Sorry about accusing everyone of being rape truthers. That was childish & incorrect.
— F. Bill McMorris (@FBillMcMorris) December 5, 2014
Really, this is something else. Just wow. Virtually every "rape" meme spouted on the left is easily and furiously debunked. And then the hysterical rape "epidemic" mongers spout about how actually checking facts and debunking false leftist narratives is "rape denialism."
The left as a movement continues its historic descent into conspiracies, hysteria, and irrelevance. Man, it's been a rough six years for the so-called "coalition of the ascendant."
Video: New York Streets Flooded with Race-Mongering, Communist-Backed Protesters
Via CBS News New York, protesters hoisting signs from the Revolutionary Communist Party. And of course the Asian woman interviewed is wearing the obligatory Arafat keffiyeh, signifying the "revolutionary" struggle for "Palestinian" liberation. They're all a bunch of idiots and poseurs:
'Peak Oil' Debunked, Again
At the Wall Street Journal, "The world relearns that supply responds to necessity and price":
It has been 216 years since Thomas Malthus gave birth to the idea that mankind’s appetite for natural resources would outstrip nature’s capacity to supply them. There have since been regular warnings that the world is running out of soybeans, helium, chocolate, tunsgsten, you name it—and that population growth has become unsustainable. The warnings create a political or social panic for a while, only to be proved wrong.More.
The latest reckoning with reality is the end of the obsession with “peak oil,” which for years had serious people proclaiming that we were entering an era of permanent fossil fuels scarcity. It didn’t work out that way.
That’s a central lesson from this year’s dramatic fall in the price of oil, which reached $69.49 a barrel of Brent crude on Thursday from a June high of $112.12. As recently as early November, when oil hovered at $80, OPEC officials warned they would intervene to hold the price at $70. But Saudi officials conspicuously refused to support an output cut at last week’s OPEC meeting, and Saudi oil minister Ali al-Naimi has made clear that he’d be comfortable with lower prices.
The short-term Saudi calculation is to drive oil prices down to squeeze their geopolitical adversaries and higher-cost producers. That goes especially for their adversaries across the Persian Gulf in Iran, which depends on oil exports for over 40% of its revenues, and where the regime had designed its budget based on $100 oil.
The Saudis also hope to slow the explosive growth of U.S. production, which, thanks to the tapping of domestic shale resources through the combination of horizontal drilling and hydraulic fracturing, has risen to some nine million barrels a day from five million in 2008. By some estimates, the price of oil needs to be as high as $90 a barrel for oil extracted from “tight” deposits such as shale, though oil market research firm IHS believes most tight oil wells have a break-even cost of between $50 and $69 dollars a barrel.
But even if the Saudi move slows U.S. drilling, the International Energy Agency forecasts that U.S. production will still surpass Saudi Arabia’s output of 9.7 million barrels a day, and overtake Russia’s 10.3 million, perhaps sometime next year. This would make America the world’s largest oil producer, which it was from the dawn of the oil age through 1974. Thanks to the fracking boom, the U.S. surpassed Russia as the world’s largest natural-gas producer in 2013.
All this is a useful reminder, as IHS’s Daniel Yergin told us the other day, that “technology responds to need and to price.” It was the same story in the 1970s, when the world responded to OPEC’s embargoes by exploiting new resources in Alaska and the North Sea, and again in the 1980s and 1990s, when offshore drilling became technologically feasible and economically profitable at ever-greater depths. And expect more from where that came, as the frackers continue to figure out how to drive down costs, and if new shale deposits in places such as Mexico, Ukraine and Argentina start to be exploited...
Activists Seek 'New Civil Rights Movement' After Police Killings
At LAT, "Police killings prompt activists to seek 'new civil rights movement'":
The chants are angry, but simple: "I can't breathe!" "Hands up, don't shoot!" "Black lives matter!" They have echoed from the American heartland to the coasts in the wake of two recent grand jury decisions that cleared white policemen in the deaths of unarmed black men.Unfortunately, at base this is a revolutionary communist movement, which just ain't gonna fly after six years of the Obamunist!
Now, activists are counting on the rage behind those words to spur a movement that would force the country to confront the interlocked issues of race and policing and press the government to automatically take control of cases of alleged police abuse.
"They're asking for something simple. They want to be treated the same," New York Mayor Bill de Blasio said of protesters Thursday as he sought to calm a city where many were seething over a grand jury's decision not to indict Daniel Pantaleo, a white officer, in the death of Eric Garner.
Largely peaceful demonstrations broke out in New York soon after Wednesday's announcement of the Staten Island grand jury's decision. Protesters blocked major roads and gathered at landmark sites, including Times Square and Grand Central Terminal. Police made 83 arrests, mainly for minor offenses.
More large demonstrations erupted Thursday night in New York and throughout the nation, including in Boston, Washington, Pittsburgh and Chicago. As night fell in New York, helicopters thundered over lower Manhattan while protesters gathered in Foley Square, near the courthouse and police headquarters.
"It was a murder on video and there was no justice," said Mickey Thomas, a 21-year-old Hunter College student. "I definitely think we've had enough. I feel like there is a new civil rights movement."
Ida Dupont, a Pace University sociology professor specializing in criminology, said she too thought the Garner incident was an "open and shut case" with the video.
"It was so ridiculous to me that I had to be here today to show my outrage," Dupont said.
"I've been talking to my students about it," she said. "All the young people know something is seriously wrong."