1. Chart of the Day I (above). Based on new EIA data for September, America’s combined output of natural gas and crude oil (measured in BTUs) is on track to set a new production record this year of 52 quadrillion BTUs, an increase of 6.4% above the previous record set last year of 49.1 quadrillion BTUs, and 16.5% above the previous peak natural gas and oil production in 1971 of 44.86 quadrillion BTUs. Peak what?
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2. Chart of the Day II (above). Thanks to the shale revolution and America’s surging production of natural gas and crude (see Chart of the Day I above), America’s domestically produced energy supplied more than 90% of the energy consumed so far this year through September (EIA data here). The last time the US was that energy self-sufficient was 1982, more than 30 years ago, when 91% of the energy consumed was supplied from domestic production. Carpe oleum.
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3. Chart of the Day III (above). Thanks again to the abundance of shale oil resources in the US, foreign sources of petroleum have provided only 24.3% of the total petroleum supply so far this year through November (EIA data here). That represents America’s lowest level of reliance on foreign petroleum sources since 1970 — 45 years ago. Carpe oleum.
4. Energy Fact of the Day. According to new EIA data, October marked the 4th month in a row, and only the 5th month ever, that natural gas exceeded coal as an energy source for America’s electricity generation.
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5. Cartoon of the Day (above). The big difference in college protests: Yesterday’s student activists wanted to be treated like adults; today’s crybully protesters want to be treated like children, enabled by today’s spineless administrators.
6. Quotation of the Day I, is from Joseph Zeitz’s excellent article in Politico Magazine “Campus Protesters Aren’t Reliving the 1960s“:
There is a startling inversion of logic in the progression from the 1960s and today. Fifty years ago, college students self-identified with repressed minorities at home and abroad and demanded freedom from the shackles of in loco parentis supervision and stewardship. They clamored to be treated as emancipated adults and foisted on their elders a noisy and disruptive free speech culture. Today’s students, who are certainly no less politically minded than their forbearers, are demanding the opposite. Far from freeing themselves of stewardship, they demand faculty “create a home” in which they remain children in the protection of more powerful elders. They insist on protection from ideas and voices that upset them and require a nurturing and therapeutic environment that bears no relationship to the real world of politics (or, for that matter, of business, technology, art or culture).
7. Quotation of the Day II, is from Daniel Henninger’s writing in the WSJ and explaining why this year is “The Year Christmas Died“:
….. the Christmas killers will get the last laugh. In fact, they’ve already won. This is the year Christmas died as a public event in the United States. We know this after touring the historic heart of public Christmas—Fifth Avenue in New York City.
To be sure, the magnificent Rockefeller Center Christmas tree still stands, and directly across on Fifth Avenue is St. Patrick’s Cathedral, its facade washed and hung with a big green wreath. But walk up or down the famous avenue this week and what you and your children will see is not merely Christmas scrubbed, but what one can only describe as the anti-Christmas. Forget public Nativity scenes, as court fiat commanded us to do years ago. On Fifth Avenue this year you can’t even find dear old Santa Claus. Or his elves. Christmas past has become Christmas gone.
In the post-Christmas era, the infant Jesus and Santa Claus will go back to the catacombs of early Christian life, where you won’t have to say happy holidays to anyone. Christmas as we know it will die off, and what will be left on December 25th will look a lot like Thanksgiving, but smaller.
8. Today is the First Day of Kwanzaa, and a Good Time to Ask: Kwanzaa is as fictional as Festivus — so why does is it called a “vibrant celebration of African culture”? David Menzies explains:
When I hear the word “holiday,” a Caribbean vacation comes to mind, not a Noel celebration. Have you ever wondered about the other holidays that occur in December that we’re told to be inclusive of while being told we shouldn’t utter the “C” word? Well, Hanukkah occurs in December but some might be surprised to learn that it’s a relatively minor Jewish holiday, so the other non-Christian “holiday” in December is Kwanzaa.
Yet, Kwanzaa is a complete fabrication. A make-believe holiday invented by an ex-convict, Ron N. Everett, who is known today as Dr. Maulana Karenga.
9. Markets to the Rescue I. From the NY Times: “Parents of Children With Rare Diseases Find Hope in For-Profit Companies.”
10. Markets to the Rescue II. From the opening of the WSJ op-ed by Quin Hillyer “How Markets Can Restore Louisiana’s Marshes“:
Louisiana loses at least 25 square miles of coastal wetlands each year—a grievous destruction of ecologically crucial habitat and of natural buffers against catastrophic storm flooding. But a bold new project ought to teach environmentalists that the profit motive can work more efficiently to protect wetlands than punitive regulations and burdensome bureaucracies.
HT: Jeffrey Carter
from AEI » Latest Content http://ift.tt/1ZuD2io
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