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America's New Crisis - Peak Oil Storage
Domestic energy production continues to increase despite the anticipated shale shakeout. The precipitous decline in gasoline prices were welcomed by most but government exise tax revenue was in jeopardy.
In order to stop the decline in gas prices there has been a national effort to store oil rather than put it on the market. This has been successful for a few weeks and the price of gasoline has recovered slightly because crude is being withheld from the market.
Unfortunately for America most of our oil storage is now full and we will soon have no place left to store the oil we are producing. In a few more weeks additional crude will have to seek the market with the associated drop in prices and "bad things" for the economy. We are rapidly approaching "Peak Oil Storage".
We must marshal America's science and engineering talent in a manhattan style project to overcome "Peak Oil Storage". If we do not attack this new crisis we will see government revenue implode at the same time individual disposable income increases. This is, quite frankly, just too dangerous to allow.
I therefore propose the "Laurentian National Oil Storage Facility". We can pump all the water out of Lake Erie and utilize the basin to keep even more crude production off of the market. This would significantly defer the onset of "Peak Oil Storage".
Fully 80% or more of the great lakes would be left intact for future generations to enjoy (h/t snacky).
In California many former large lakes are on the verge of extinction. Rather than squander scarce resources in a fruitless attempt to save them would it not make more sense to utilize these locations for oil storage as well?
If we do not act now oil prices, gasoline prices, and government exise tax revenues will continue to plummet. The results will be nothing short of catastrophic.
Happy April 1'st!
Mark Hittinger
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And now, for some good news...
ATLANTA - A verdict has been reached in Atlanta Public Schools cheating trial.
Fulton County Superior Court Judge Jerry Baxter read the verdict in court on Wednesday afternoon.
Dessa Curb, a teacher at Dobbs Elementary School, was the only one of 12 defendants exonerated of all charged in the APS cheating trial.
Judge Baxter took the defendants into custody, (Edit, oh fuckin A, I'm liking this judge already) but not before their lawyers voiced their objections.
App users click here to watch the full verdict
Here is the jury's decision:
Tamara Cotman
Former School Reform Team executive director
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Sharon Davis-Williams
Former School Reform Team executive director
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Count 5 – Not guilty
Count 6 – Not guilty
Michael Pitts
Former School Reform Team executive director
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Influencing Witnesses- Guilty
Dana Evans
Former principal of Dobbs Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Count 9 – Not Guilty
Count 10 – Not guilty
Count 12 – Not guilty
False Statements and Writings- Guilty (one count)
Tabeeka Jordan
Former assistant principal of Deerwood Academy
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Count 21 – Not guilty
Count 22 – Not guilty
Donald Bullock
Former testing coordinator at B.E. Usher/Collier Heights Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Count 23 – Not guilty
False Statements and Writings- Guilty (2 counts)
False Swearing- Guilty
Theresia Copeland
Former testing coordinator at Benteen Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
Count 27 – Not guilty
False Statements and Writings- Guilty
Diane Buckner-Webb
Former teacher at Dunbar Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act-Guilty
False Statements and Writings- Guilty (2 counts)
Pamela Cleveland
Former teacher at Dunbar Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
False Statements and Writings- Guilty (2 counts)
Dessa Curb
Former teacher at Dobbs Elementary
Count 1 – Not guilty
Count 11 – Not guilty
Count 13 – Not guilty
Shani Robinson
Former teacher at Dunbar Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
False Statements and Writings- Guilty
Angela Williamson
Former teacher at Dobbs Elementary
Violation of Racketeer Influenced and Corrupt Organizations Act- Guilty
False Statements and Writings- Guilty (2 counts)
False Swearing- Guilty (2 counts)
Bond revoked for convicted APS defendants
Judge Jerry Baxter's decision to immediately incarcerate all of the defendants convicted in the APS cheating scandal Wednesday afternoon left defense attorneys outraged.
(Edit, not as outraged as parents now finding out their children recieved criminally sub-par education from their government schools so government administrators & teachers could get their federally funded bonuses, where is Occupy Atlanta these days anyways?)
"It's a sad day when you have a bunch of educators headed to the Fulton jail in a transport van. These people are not a threat to society," said defense attorney Gerald Griggs.
(Edit, au contraire weasel, they are the biggest threat to society)
The Fulton County Judge revoked the educators' bond and had them taken into custody within minutes of reading the guilty verdicts. Many defendants plan to appeal the conviction and Judge Baxter's decision to revoke bond."
That is to say, jailed their sorry statist asses, immediately.
http://www.myfoxatlanta.com/story/28695594/watch-live-verdict-reached-in-aps-cheating-trial
Not a April Fools Joke ;-)
A little levity, thanks bugs ;-)
Now the Zionist bankster angle:
Have oil storage providers go into fiat-debt to build more capacity. When they are leveraged fully, pull the plug, and then take the facilities for Zion.
See fracking boom and bust for background.
The banksters need to repay us.
Bankster axiom: "Print we win. Borrow you lose."
If storage of oil is really peaking, that does not bode well for peace in the Middle East.
The banksters need to repay us.
"Sir, the oil tanks are full. Do we have a green-light for Operation 'catastrophic and catalyzing event - like a new Pearl Harbor' the Boogeyman Iran Edition?"
oil can be stored easily in situ
oil degrades it is stored in situ
When Iran comes back online they will be paying you to buy gas.
Still no shortage of oil at $50. Why should prices be any higher? Looks like companies are still pumping as much oil as possible at these prices.
....yesterday, March 31, an email went out to the staff of a fairly major oil company here in the Bakken. . . . "All fracking operations will cease on June 30" company wide, which includes the Eagleford and Permian as well.
Give a name or I call BS.
I'd like to do my part to avert this crisis and open my storage facilities to all comers: I have 2 bathtubs, a hottub, and a pretty big trunk on my Ford LTD.
Another april fools post. With consumption still well over 18 million barrels per day in the U.S. alone, there will be buyers/demand that will take care of any storage issues in fairly short time. Moreover, WWIII going hot (not just eCONomic) will also put more presure on oil...
the world still runs on the stuff you stupid fuck.
They are building storage like crazy but oil sitting in tanks isn't worth anything if they're not refining it.
'
'
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Thorium.
BlackLightPower.
This will solve everything. Including the politics of oil. Look'em up.
•?•
V-V
Yep, eventually...
heard the same thing in 1979.
still waiting.
imagine a great lake full of oil, ha - black caps. imagine finding your gold in a sea of black gold.
lightning strike, ouhhhh ya!