Tuesday, August 26, 2008

Big T's Pic of the Day

Why would I feed them? Isn't that what the government does?

You Got to See This: Preview of Hillary Clinton’s DNC Speech Tonight.

Big T got his hands on a copy of how Hilary Clinton’s speech may go tonight at the Democratic National Convention in Denver. Of course the theme will no doubt be unity, or will it, take a look. This is funny stuff.

Random Thoughts From Last Nights DNC

*Michelle Obama did an outstanding job last night, husband by satellite, children helping out, well done and well orchestrated by the Obama campaign.

*Teddy Kennedy also did an excellent job. It was good to see him able to make it.

*I know unity was the theme, but unity alone is not going to energize the base of the Democratic Party. Where were the campaign messages? I know this whole convention is hoopla and orchestrated, but even James Carville was asking the same thing in disgust on CNN. He was not pleased.

*Last night there was some talk from Michelle Obama about hope for the future, and how she wanted an America were people could achieve their dreams. I agree, but she forgot to add with the help of government. I want the government to get the hell out of the way of my dreams!

*Then we had Caroline Kennedy give a speech about what America has given us, in terms of government of course. I would rather think of what Americans have worked for and earned for themselves, but that is why I am conservative, and they are liberal.

*So, I flipped back and fourth between Fox news and CNN while watching this convention last night. I got to see Fox take it to the street and interview some of these young Obama supporters some questions.

No one could name any Obama accomplishments, and when asked why they support him: Well, he’s young, he has a nice voice, he’s handsome and he is a good performer. There you go folks, these kids are going to vote. Scary stuff isn’t it!

The Fox Reporter was quick to point out that the only vote many of these kids have ever casted was for American Idol.

*Not at one time, during the whole night did I here the words National Security.
*Final note, the DNC convention was dull and boring. It is going to have to get a lot better than this or Obama is finished.

Is China Drilling Off the Coast of Cuba?

There has been on going speculation over the last year that China is drilling for oil off the coast of Cuba. Recently Republican Florida Sen. Mel Martinez said China drilling off the coast of Cuba was just not so and was merely an urban legend.

So…which is it? Are they drilling or aren’t they? Since I don’t believe anything politicians say and half of what I read without investigating it to be true myself, I decided to do some research. Here is what I found.

In March 2004, China’s Petrochemical Corporation, Sinopec, signed a memorandum of understanding with Cuba’s national oil company, Cuba Petroleo or Cupet, to explore four oil blocks in Cuba. China’s Sinopec conducted six months of geological studies of the four Cuban blocks. This was the first attempt by Sinopec, China’s second largest oil and gas company, to enter oil and gas exploration and production in Cuba. It is important to also note the communist governments of China and Cuba owns these companies.

Approximately a year later in February 2005, China’s Sinopec signed an agreement with the Cuban government to jointly produce oil off the coast of Cuba.

So, basically what you have here is a production sharing agreement between Communist China government owned Sinopec and Cuba. Now for those of you who do not understand such business savvy terms, this basically means the Cuban government awards the execution of exploration and production activities to an oil company. In this case the company is Sinopec. The company bears the mineral and financial risk of the exploration and if successful, the company is permitted to use the recovered oil (cost oil) to pay all the expenses to recover it. All money after that (profit oil) is split between the government and the company at the rate agreed upon.

Here is some more information about oil exploration in Cuba. It is basically a timeline of energy news compiled from the World Security Institute. Here you will find not only is China dealing with Cuba, but so are places such as Canada, Brazil, Venezuela and Spain, to name a few.

Since we are focused on China, I have copied and pasted that information here.

January 31: Cuba and China signed a contract in Havana providing for the Asian giant's participation in extracting oil from a deposit off the island's north shore, the press reported. The deal is between Cubapetroleos and the Chinese oil company Sinopec, said the official daily newspapaer Granma. In December, Fidel Castro announced discovery of oil at a site offshore from Santa Cruz del Norte, some 55 kilometers (33 miles) east of Havana. The deposit is believed to hold some 100 million barrels of "light" crude, or the equivalent of 14 million tons. (EFE, Prensa Latina, 31/1/05)

February 8: China's oil giants began cultivating their virgin soil in Cuba. China Petroleum & Chemical Corporation (Sinopec), as the first comer, has inked a contract with Cuba Oil Company (Cubapetroleo) to jointly exploit oil in the Caribbean country. Under the terms of their contract, the two sides will join forces to prospect and exploit a potential oil-producing region. Chinese experts believe it is a significant beginning of the cooperation between China and Cuba in the petroleum industry. (SinoCast, 8/2/05)

March 22: Chinese oil drilling equipment has begun arriving in Cuba as state-run Cubapetroleo (Cupet) and its foreign partners prepare to significantly increase drilling along the northwest coast, industry sources said. "Four service units and a small rig have arrived and we are waiting for more," said a Cuban oil service manager, asking his name not be used. There are currently five rigs operating along the northwest heavy oil belt, an 80-mile (128-km) stretch of coast in Havana and Matanzas provinces from whence come all of Cuba's 70,000 to 80,000 barrels per day of heavy crude at 8 API to 18 API and with a high sulfur content. The poor-quality oil is burned in modified power plants and factories. Cuba imports a similar amount of oil and derivatives, with preferential financing from Venezuela. Canadian companies Sherritt International (S.TO) and Pebercan Inc. (PBC.TO), in conjunction with Cupet, account for 60 percent of the output, plus 2 million cubic meters of natural gas per day. (Reuters, 22/3/05)

April 6: The operator of China's second-largest Shengli oilfield is stepping up overseas exploration, spending more on such ventures this year as the world's No. 2 oil user grapples with falling reserves, officials said. Shengli Oilfield Administration Bureau, a unit of state-run Sinopec Group, will spend about $40 million drilling for oil and gas in Cuba, Iran and central Asia in 2005, company officials said. "This will be the heaviest spending in a year and we expect the pace to continue in the next few years," a Shengli executive told the press. Shengli, which is among the first Chinese companies to venture abroad, will sink a total of eight wildcat and appraisal wells this year, four in Kazakhstan, two in Iran, and one each in Cuba and Kyrgyzstan. (Reuters, 6/4/05)

November 24: PetroChina Great Wall Drilling Co., Ltd. and Petroleum Company of Cuba held a ceremony for signing two drilling service contracts on November 3, 2005. It is the second-time cooperation between Great Wall Drilling Co., Ltd. and Petroleum Company of Cuba after the signing of a one-year petroleum service agreement on one 1500HP drilling rig and one 2000HP rig on April 8 this year. The contract signed this time includes three 2000HP drilling rigs. The contract has a period of one year and a value of over US$24 million. The project will be launched in January 2006. (China Chemical Reporter, 24/11/05)

Then I also found some 2005 reports from the Energy Intelligence Group and the National Post’s Financial Post & FP Investing in Canada.

…China is seeking oil everywhere and Cuba is no exception. Three large Chinese companies, SINOPEC, Petro China and CINOOC - China National Offshore Corporation, are involved in a large agreement, perhaps already underway, for coastal and deep-water explorations. Most significant to this topic, especially in light of other Chinese investment in Cuba, is the fact that Sinopec, China’s second largest oil company, has stated a goal of helping boost Cuba's domestic oil production and producing 60% of its oil needs by 2006. (As best we can gather by extrapolating from various sources, the island is producing roughly 43-45% of its minimal needs today, thus 60% self-sufficiency by next year would be a tremendous aid for Cuba‘s desperate needs for energy, particularly electricity and gasoline.) Although Cuba's oil production is relatively tiny, it has managed to quadruple its production levels of 1990 to 71,000 in 2003 and increase that to 75.000 b/d in 2004, but the country needs 160,000b/d to function just minimally (source: Energy Intelligence Group, Inc. International Oil Daily, February 1, 2005).

Additional plans for exploration and development of other blocs of potential reserves were announced by two other Chinese oil companies, China National Petroleum Corp. and China National Offshore Oil Corp., after talks with CUPET, Cuba Petroleum, Some exploration will be in coastal regions but much, based on the better quality of the oil, will take place in off-shore deep waters (source: National Post's Financial Post & FP Investing [Canada], February 1, 2005, all but Toronto Edition).

So, Sen. Martinez may be right. China may not be drilling oil off the coast of Cuba. Not yet anyway…look folks, the point isn’t that China is not presently drilling for oil 50 to 90 miles off the coast of Florida, but the bigger picture and point is they can! And thanks to the United States Congress, we can’t!

Some politicians like Sen. Martinez would like to focus on what is happening instead of what could happen. They can drill, we can’t. They are planning to, we aren’t. Even the government educated dumb masses should be able to figure that out.

Whatever Happened to Global Cooling?

Before there was “global warming” threatening the Earth, there was “global cooling.” All through the 70’s scientist was warning of the great threat of “global cooling.” That is right the Earth was cooling off back then. There were severe droughts lasting years in Africa causing catastrophic numbers of famine victims, record rain fall in the U.S., Pakistan and Japan causing some of the worst flooding in centuries. Canada suffered from a cold rainy spring bringing small wheat harvests. Some predicted it would become so bad that another Ice Age was coming.

Here is an insert from a June 24, 1974 Time Magazine:

…However widely the weather varies from place to place and time to time, when meteorologists take an average of temperatures around the globe they find that the atmosphere has been growing gradually cooler for the past three decades. The trend shows no indication of reversing. Climatological Cassandras are becoming increasingly apprehensive, for the weather aberrations they are studying may be the harbinger of another ice age.

Another Ice Age! Oh my…well I wonder what could be the cause of such things? Surely it could not be man could it?

Man, too, may be somewhat responsible for the cooling trend. The University of Wisconsin’s Reid A. Bryson and other climatologists suggest that dust and other particles released into the atmosphere as a result of farming and fuel burning may be blocking more and more sunlight from reaching and heating the surface of the earth.

Say what??? Burning fuel??? I thought that is what caused “global warming.” I mean is this not the exact opposite of the so called “green house effect?”

In this article “The Cooling World” from an April 28, 1975 Newsweek we are told of some outrageous solutions proposed to solve the crises of “global cooling.” Here is one:

…They (Scientists) concede that some of the more spectacular solutions proposed, such as melting the artic ice cap by covering it with black soot…

Wow…can you imagine if we had taken that advice…We would be in pretty bad shape today.

There is also something I found very interesting in the Newsweek article. I want you to look at the Average Temperature Change Chart. Do you notice anything about it? Notice from 1880 to the mid 1940’s the Earth’s temperature was increasing. Would that be a “global warming” period?

Could it be temperature change is just a cycle of warming and cooling?

I am not a scientist, never played one on TV, and have never stayed at a Holiday Inn Express, but from what I continue to read on the subject of “climate change” continues to support my original theory on “global warming.”

There is no doubt in the time we live in the Earth’s temperature is rising, just as it has before, and just like before, it is rising after a cooling cycle, neither caused by the work of man kind.

The only hot air threatening the Earth is the hot air coming out of Al Gore’s mouth.

Big T's Suggested Reading and Viewing from around the Web

Here is a column for you: “Jesus was Dark, Liberal: Why Fear Obama?” Hey you can’t make this insanity up folks!
How is this for unity at the DNC? Apparently a black Barack Obama supporter called a black Hillary Clinton supporter an “Uncle Tom.”
The democrats must think Mitt Romney is going to be the VP running mate for McCain. God, I hope not! The ticket is already bad enough. I will give you my picks of who I would like to see tomorrow.
Michael Barone has an excellent column out today that says Barack Obama must explain his ties to Bill Ayers. Yes, he does have some explaining to do over that.
Richard Cohen tells us what I told you yesterday. Joe Biden is not known for being short, sweet and to the point, but is known for his gaffes.
Here is a look at how the mortgage “crisis” is affecting teenagers. What a bunch of whiners! I wonder what teenagers during the “Great Depression” whined about? We are so damned spoiled.
John McCain has picked up the ever so important endorsement from reggae singer Daddy Yankee, best known for his song “Gasolina.”
This should be the Redneck Anthem! A song about BBQ in the South, BBQ is a type of meat, not a grill or get together like you Yankees call it.