"We are not demand-constrained," Tesla's chief executive, Elon Musk, said on an investor call on Wednesday. "We are intentionally production-constrained." Link.Quote of the day, her "Entitlements Are Earned" speech (sort of like, I have a dream):
"I believe it should be pronounced here today, that the reform of the entitlements based upon slipshod, reckless, deliberations, or, should I say actions, are a non-starter.
There is no way, Mr. Speaker, that we should raise the eligability (sic) age for Medicare, that we should not think carefully about how we approach the reform of Medicaid.Quote of the day:
And that we don't the American people that Social Security is solvent. (sic)
So, I would say move quickly to pass the middle class tax cuts that would be for all Americans, 100% up to 250,000 dollars." -- Rep. Sheila Jackson Lee (D-Texas) on the house floor; and product of the public school system, no doubt
"It certainly isn't where we need to be in order to prevent islands from going under and other unimaginable impacts."-- AP, Doha, Qatar, December 8, 2012Quote of the day:
"It is not a tradition to call it a Christmas tree." -- Lincoln Chafee, Governor, Rhode Island, December 6, 2012
Gov. Lincoln Chafee (I-R.I.) told CNSNews.com on Wednesday that his administration calls the decorated evergreen tree erected in the Rhode Island State House in December a “holiday tree”--rather than a "Christmas tree"--because that is what the tree is traditionally called. I can't make this stuff up. When I was growing up, we always called it a Christmas tree.Quote of the day:
Minutes after the deficit was announced, the state largest government employee union asked for higher taxes. Eliot Seide, director of AFSCME Council 5. “We need $6 billion [in new taxes] to dig ourselves out of the hole and pay for the things Minnesotans care about – brainpower schools, middle-class jobs, safe transportation, and property-tax relief.” December 5, 2012. I can't make this stuff up.Quote of the day:
"Wrong statements about Libya doesn't mean they were false."-- DNC Chair. I wonder how she did on multiple choice/true-or-false standardized tests in her private schooling?Quote of the day (this one is serious), from Carpe Diem, quoting Camile Paglia from the Wall Street Journal, October 6, 2012:
“Capitalism has its weaknesses. But it is capitalism that ended the stranglehold of the hereditary aristocracies, raised the standard of living for most of the world and enabled the emancipation of women. The routine defamation of capitalism by armchair leftists in academe and the mainstream media has cut young artists and thinkers off from the authentic cultural energies of our time.”
“We live in a strange and contradictory culture, where the most talented college students are ideologically indoctrinated with contempt for the economic system that made their freedom, comforts and privileges possible. Thus young artists have been betrayed and stunted by their elders before their careers have even begun. Is it any wonder that our fine arts have become a wasteland?”Quote of the day:
"250 minutes/month free talk-time is not enough for emergency phone calls."-- ObamaPhone user. Per month.Quote of the day:
“These man camps are only going to be there for 20 or 30 years, depending on labor needs,” Caraher said. “What’s it going to look like in 300 or 500 years?” -- September 23, 2012Quote of the day:
"I'll work with Republicans if they agree to raise taxes." Barack Obama, September 9, 2012Quote of the day:
"If you look at just buying one gallon of gas, it really doesn't hurt us at all, but the problem is a lot of US consumers are buying multiple gallons of gas every single day." -- analyst, August 30, 2012Quote of the day:
"This is just really hard," he explained. "This is as intractable a problem as you get."President Obama talking about Middle East peace. Well, duh. February 12, 2010.Quote of the day:
"He's beginning to be not believable to me..." Democrat senator speaking about President Barack Obama. February 12, 2010.Quote of the day:
"I am very optimistic about -- about Iraq. I mean, this could be one of the great achievements of this administration." Vice-President Biden on Iraq. Two of the greatest naysayers of the war: Barack Obama and Joe Biden. February 11, 2010.Quote of the day:
Obesity is a threat to national security." -- Michele Obama. But I guess closing GITMO is not. February 10, 2010Quote of the day:
"Snow is so scarce today that most Virginia children probably don't own a sled." -- RFK, Jr., 15 months ago, lamenting that man-made global warming has ended snowfall in Washington, DC, area. Washington, DC; Virginia; and Philadelphia just recorded a record-setting snowstorm (30") and now a second snowstorm of slightly less epic proportion is forecast for later this week. February 6, 2010.No quote of the day:
"Where are the jobs, Mr President?" asked Ms Pelosi, on August 1, 2003, when she blamed President Bush's policies for the loss of 3.2 million jobs. Under President Barack Obama we have now lost 8.4 million jobs, and another 20,000 last month, more than expected. We have not heard from Ms Pelosi whose $787 billion stimulus package failed to prevent this carnage.Quote of the day:
When times are tough, you tighten your belts," the president said. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college. -- President Barack Obama, February 2, 2010. Las Vegas has one of the highest rates of unemployment in the country -- Senator Reid (D) will probably lose his seat -- lots of support from Mr Obama. [I was wrong: Senator Reid won. I no longer feel any empathy/sympathy for those who voted for Senator Reid.]Quote of the day:
When asked in a interview about terrorist trials being brought to NYC, Obama said, "New Yorkers won't be offended when [the terrorists] are convicted and executed." Then realizing what he had just said, "But I'm not pre-judging."
By the way, the president also confirmed that he won't close GITMO by January 1, 2010 as promised. November 18, 2009.Quote of the day:
"...and so I want to give a shout out to that Congressional Medal of Honor winner. It's good to see you."Quote of the day:
On the day that a Muslim terrorist killed/injured 50 people at Ft Hood, President Obama used the occasion to shout out an individual who had been awarded the Medal of Honor. Only one problem, that individual was not a Medal of Honor winner.
After the light-hearted introduction, the President addressed the terrorist act in his characteristically detached manner.
"I will not rest until all Americans who want to work can." And that's all the president has to say as unemployment hits 10.2% sooner than anyone expected; and worse is yet to come. All hat, no cattle.Quote of the day:
“All my Republican friends — and independents — are sitting back saying, ‘Oh, what did we do?” Ms. McAreavy said. “I’m not to that point yet, but a lot of people are.”
Ms McAreavy, 76, Iowa, switched parties to vote for Barack Obama, and now realizes that she will probably lose some of her Medicare benefits to pay for the new health care bill, subsidizing illegal aliens and, in the end, the big insurance companies. Well, live and learn.Quote of the day:
"The reason we're here today is because we just are not where we need to be yet. We've got a long way to go. We are still seeing production levels that are significantly below peak levels and most distressing is the fact that job growth continues to lag." -- well, duh. President Obama, all hat, no cattle. All talk, no walk. (posted November 2, 2009 in anticipation of this week's unemployment numbers. Can anyone say 10%?)Quote of the day:
"As an American I am not so shocked that Obama was given the Nobel Peace Prize without any accomplishments to his name, but that America gave him the White House based on the same credentials." -- Newt Gingrich (posted Halloween, 2009)Quote of the day:
"I will never rush the solemn decision of sending you into harm's way. I won't risk your lives unless it is absolutely necessary," Obama said. "And if it is necessary, we will back you up to the hilt."
On a day when the US loses three helicopters and 14 troops, President Obama tells service members in Jacksonville, Florida, that "...if it is necessary, we will back you up to the hilt."Quote of the day, on the future of the Bakken, posted June 10, 2008:
I guess this means, that if it NOT necessary, he will not back you up. At least not to the hilt.
Unlike the US Marines: Semper fidelis. (Always faithful.)
Assuming prices don't crash (which contrary to prevailing attitudes, is a very real possibility), I think you will find that companies will be diverting capital to develop other emerging domestic plays that prove to have better RORs than the fringe areas of the Bakken, just as they moved from MT to ND. There will always be some level of development in and near the sweet spots, but I just don't see the widespread activity that creates these wild expectations that so many people seem to have. -- Bakken Shale Discussion Group. Comment: even stopped watches tell the correct time twice a day. [Updated: March 3, 2013: I would assume Divide County in North Dakota would have been considered a "fringe area" back in 2008.]