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A three-inch lizard that thrives in desert conditions could shut down oil and gas operations in portions of Southeast New Mexico and in West Texas, including the state's top two oil producing counties.
Called the Dunes Sagebrush Lizard, it is being considered for inclusion on the federal Endangered Species listing by the U.S. Fish and Wildlife Service. A public rally to oppose this move is being sponsored by the Permian Basin Petroleum Association on Tuesday, April 26 at Midland Center beginning at 5 p.m. Congressman Mike Conaway will speak, as will Land Commissioner Jerry Patterson; other public officials have been invited.
"We are very concerned about the Fish and Wildlife Service listing," said Ben Shepperd, president of the PBPA, noting the service also has proposed listing the Lesser Prairie Chicken next year. "The wolf at the door is the lizard; we're concerned listing it would shut down drilling activity for a minimum of two years and as many as five years while the service determines what habitat is needed for the lizard. That means no drilling, no seismic surveys, no roads built, no electric lines."
The move would impact activity in Andrews, Crane, Gaines, Ward and Winkler counties in Texas and Chaves, Eddy, Lea and Roosevelt counties in New Mexico.
Originally posted by bigfatfurrytexan
reply to post by incrediblelousminds
Curious if you have ever worked in the oil business. Because, from this West Texan's point of view you are getting it all wrong.
"Tax breaks" are another way of saying "We won't screw you so hard".
You think oil is high now, wait till they start protecting this little lizard we have down here. Once that happens, the New Mexico and West Texas oilfields will be, for all intent and purpose, off limits.
Originally posted by incrediblelousminds
reply to post by bigfatfurrytexan
But is the 'lizard' just an excuse being used by the oil companies to cover up the fact that they have sucked the wells dry?
It's an honest question. Industry often likes to do that after they over-harvest. That's what the logging industry did in the 80s and 90's, and what certain big agriculturists have done in the california central valley recently.
Originally posted by Alxandro
Question: What if Bush were President and gas prices were approaching the 5 dollar mark?
Hope and Change!
Nothing to see people, move along.
Originally posted by Alxandro
reply to post by incrediblelousminds
Nice attempt at deflection.
I think you proved my point.
INDIANAPOLIS -- The White House says President Barack Obama will talk about plans for dealing with rising gas prices when he travels to Indianapolis on Friday for a postponed visit to an auto parts manufacturer.
Sunday's announcement says Obama will tour the Allison Transmission plant in Indianapolis, then talk to workers about his plans "to protect consumers against rising oil prices and decrease oil imports."
Let’s be candid here: President Obama’s approval ratings are on the skids, his over-hyped budget talk was widely panned by all but his most devoted followers, and gas prices are taking a hit on his standing and prospects for reelection. The Post reported earlier this week:
The Organization of the Petroleum Exporting Countries (OPEC, pronounced /ˈoʊpɛk/ OH-pek) is an intergovernmental organization of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers of its Member Countries. Indonesia withdrew in 2008 after it became a net importer of oil, but stated it would likely return if it became a net exporter again.
According to its statutes, one of the principal goals is the determination of the best means for safeguarding the organization's interests, individually and collectively. It also pursues ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry.
OPEC's influence on the market has been widely criticized, since it became effective in determining production and prices. Arab members of OPEC alarmed the developed world when they used the “oil weapon” during the Yom Kippur War by implementing oil embargoes and initiating the 1973 oil crisis. Although largely political explanations for the timing and extent of the OPEC price increases are also valid, from OPEC’s point of view, these changes were triggered largely by previous unilateral changes in the world financial system and the ensuing period of high inflation in both the developed and developing world. This explanation encompasses OPEC actions both before and after the outbreak of hostilities in October 1973, and concludes that “OPEC countries were only 'staying even' by dramatically raising the dollar price of oil.”
The economic needs of the OPEC member states often affects the internal politics behind OPEC production quotas. Various members have pushed for reductions in production quotas to increase the price of oil and thus their own revenues. These demands conflict with Saudi Arabia's stated long-term strategy of being a partner with the world's economic powers to ensure a steady flow of oil that would support economic expansion. Part of the basis for this policy is the Saudi concern that expensive oil or oil of uncertain supply will drive developed nations to conserve and develop alternative fuels. To this point, former Saudi Oil Minister Sheikh Yamani famously said in 1973: "The stone age didn't end because we ran out of stones."
One such production dispute occurred on September 10, 2008, when the Saudis reportedly walked out of OPEC negotiating session where the organization voted to reduce production. Although Saudi Arabian OPEC delegates officially endorsed the new quotas, they stated anonymously that they would not observe them. The New York Times quoted one such anonymous OPEC delegate as saying “Saudi Arabia will meet the market’s demand. We will see what the market requires and we will not leave a customer without oil. The policy has not changed.”
Supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers (at current price) will equal the quantity supplied by producers (at current price), resulting in an economic equilibrium of price and quantity.
The four basic laws of supply and demand are:
1. If demand increases and supply remains unchanged, then it leads to higher equilibrium price and quantity.
2. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and quantity.
3. If supply increases and demand remains unchanged, then it leads to lower equilibrium price and higher quantity.
4. If supply decreases and demand remains unchanged, then it leads to higher price and lower quantity.
A mixed economy (or balanced economy) is an economy that includes a variety of private and public control, reflecting characteristics of both capitalism and socialism. Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety of government sponsored aspects. See (Elements of a mixed economy)
In criminology, corporate crime refers to crimes committed either by a corporation (i.e., a business entity having a separate legal personality from the natural persons that manage its activities), or by individuals that may be identified with a corporation or other business entity (see vicarious liability and corporate liability). Note that some forms of corporate corruption may not actually be criminal if they are not specifically illegal under a given system of laws. For example, some jurisdictions allow insider trading.
Economic warfare is the term for economic policies followed as a part of military operations during wartime.
The purpose of economic warfare is to capture critical economic resources so that the military can operate at full efficiency and/or deprive the enemy forces of those resources so that they cannot fight the war properly.
The concept of economic warfare is most applicable to conflict between nation states, especially in times of total war - which involves not only the armed forces of a nation, but mobilization of the nation's entire economy towards the war effort. In such a situation, causing damage to the economy of the enemy directly damages the enemy's ability to fight the war.
Working class (or Lower class, Labouring class) is a term used in the social sciences and in ordinary conversation to describe those employed in lower tier jobs (as measured by skill, education and lower incomes), often extending to those in unemployment or otherwise possessing below-average incomes. Working classes are mainly found in industrialized economies and in urban areas of non-industrialized economies.