Thursday, August 19, 2010
Halliburton Co. said on Wednesday that it has gotten a letter of intent from Shell Iraq Petroleum Development BV that would make Halliburton the project manager for developing the Majnoon field in southern Iraq.
Halliburton said it wold be working with Nabors Drilling and the Iraq Drilling Company. The contract needs final approval by Iraqi authorities, Halliburton said.
Iraq reached a deal with Shell in January to develop the mammoth oil field, along with partner Petronas, Malaysia's state-run oil company. Shell and Petronas plan to raise production in the field from the current 45,900 barrels per day to 1.8 million barrels per day over 10 years.
Halliburton shares rose 9 cents to close at $28.79 on Wednesday.
Wednesday, August 18, 2010
Sunday, August 15, 2010
He’s often unresponsive and sometimes hostile to the press. His adversarial barking has only heightened tensions with a press that was once lampooned for fawning over his boss.
Fox built up a Republican president; MSNBC is trying to make its reputation by tearing down a Democratic one.
Obama and Gibbs are upset that the lefties won’t recognize the necessity of compromise. The left is snapping back: What necessity? You won 365 electoral votes. You have both houses of Congress. And bipartisanship is an illusion.
Some liberals, like the president, felt he could live without the public option, whereas lefties thought the public option was essential.
Sunday, August 01, 2010
Thursday, July 22, 2010
Basically, it reduces the amount of frivolous lawsuits.
In my opinion, a woman that sues McDonald's (and wins) because she spills her hot coffee on herself, is afrivolous lawsuit.
Monday, April 12, 2010
The founding fathers "were not referring to a turkey shoot or a quail hunt. They really weren't even talking about us having the ability to protect ourselves against each other," Brogdon said. "The Second Amendment deals directly with the right of an individual to keep and bear arms to protect themselves from an overreaching federal government."
Sunday, April 11, 2010
Saturday, April 10, 2010
Thursday, April 01, 2010
Tuesday, March 30, 2010
Insurance industry lawyer William Schiffbauer told the New York Times, “The fine print differs from the larger political message. If a company sells insurance, it will have to cover pre-existing conditions for children covered by the policy. But it does not have to sell to somebody with a pre-existing condition. And the insurer could increase premiums to cover the additional cost.’’
Monday, March 29, 2010
Saturday, March 20, 2010
And the pharmaceutical industry, flush with billions delivered from the cash cow of overcharged sick Americans and an army of lobbyists willing to purchase meaningless reform or finance opposition that upset their apple cart.
And the Republicans, ran out of office during a five alarm fire stand armed with moltov cocktails to pitch at any fire trucks arriving on the scene. A party willing to see this country burn to the ground rather than any democratic policies enacted for water.
And the liberal base of the President's party seeing their moment of empowerment wanting to slit the throats of those profiting from sick people and demanding Medicare for all--also known as single payer.
The post-partisan President sought to thread that needle.
And to thread that needle, President Obama chose the DLC-Clinton model. The DLC or Democratic Leadership Council is a corporate friendly organization formed to suckle off some of the Republican campaign dollars from the corporate teet. The DLC-Clinton model is where progressive goals are obtained through private entities for the mutual benefit of the private entities and the administration.
In early July of last year the Obama administration entered into deals with Pharma and America's Health Insurance Plans, (AHIP). Pharma agreed to cut up to $80 Billion in projected costs to American citizens and seniors over the next ten years, run ads supporting vulnerable Democrats in their districts, not to torpedo the reform effort, and no playing footsie with Republicans. They would receive no drug reimportation bill, no shifting of drugs from Medicare part B to Medicare part D, and no Government negotiated prices for drugs.
The deal with AHIP was similar--$155 Billion in cuts over ten years, run some ads, don't torpedo the effort, eliminate pre-existing conditions, quit dropping sick people, etc. They would get 30 million new customers mandated by law to purchase their product with tax subsidies for those who can't afford it.
AHIP became a little concerned with the public insurance option but were assured it would not be in the final bill. Even though candidate Obama campaigned on a Government run plan and President Obama said he favored it, behind the scenes it was a different story. The public option was merely a cudgel over the head of AHIP to encourage compliance and something to keep the progressives busy with. It was traded away in early July.
These meetings and deals were not aired on C-Span. The congress scampered around having their kabuki with the Senate, meanwhile the deal was done and no meat was left on the bones. Congress looks bad in this whole thing because they didn't have much to work with.
What we are left with is the most massive transfer of wealth from the public sector to the private sector in American history, save for WWII. This money goes to an industry rife with bad practices. However, the money comes attached to some regulations--and not a regulator in sight.
I feel better already.