Wonderful to be at Friday once again. Didn’t think I’d ever make it. (L) We had so many delays and obstacles.
But that’s the way the cookie crumbles sometimes. We are *prepared* to proceed to the end. It’ just that we hit these little rough-patches from time to time.
This little sequence actually happened to me back about 1972 – I enjoyed helping a scholar – a gentleman whose name I’ve unfortunately forgotten – tell the world we’re not running out of “proven oil reserves” which the government was convinced (by other scholars) that we were using up our precious oil reserves too fast. And they thought the reason we had experienced some gasoline shortages was assignable to that fact.
The fact was – there was no scientific evidence at all to back up the shortage. The oil companies had mis-estimated the demands – and shipbuilders had apparently started late to build the super tankers that were already on the drawing boards but had not been started soon enough to meet demand.
On top of that everyone was worried about the chances of spilling oil in the gulf of Mexico… when the first major spill came off the Al-Can coast when a ship’s captain came too close to some underwater reefs – reportedly while he was in bed. (Not sure about that.)
Nowadays there’s similar “shortage” paranoia. But the Natural Gas industry has been so industrious about storing the stuff – plus a warm winter that delayed demand a LOT and they can’t find a place to put it all…
For a while there was a program to store helium also…. And my office was right next to the fellow responsible for their newsletter and all that stuff…. But they ran out of empty salt mines and other underground storage areas to keep that program alive. Oh we’ve been wasting money on *many* big problems – but somebody has been managing to stuff some of those $$$ in their bank accounts. So the #1 rule is don’t let government do it or you’ll get a messed up program.
Well, no need to go over all that again. Our Lord makes no mistakes like that… it’s only selfishness and greed that raises its ugly head. Praise the Lord HE formed it all and HE knows how to fix it all…and He does – and HE will…
See you all next week Lord willing… and perhaps we’ll make some progress toward having a budget and solving some other workaday problems. But Be not afraid – HE IS in charge and HE will bring it all right sometime – possibly quite soon. So let’s be ready. Amen? – Amen!
Cordially, IN HIM
Jack and Barbara
=============================
“JUST A MINUTE”
ANOTHER MIS-ESTIMATE!
Just a Minute: Here’s another reason not to believe everything you hear.
I worked with American Enterprise Institute, a think tank in
My scholar said no. Oil reserves, he pointed out -- are not like buckets. How much oil is in the ground depends in large part on how much you want to pay to pump it out. That remains true today. Searching and drilling techniques have improved and estimates of those reserves have jumped from 455 billion 40 years ago to something like 1.2 trillion barrels now – today!
Same thing about Natural GAS. Ron Bailey writing in the WSJ “Notable & Quotable” column says we likely have 120 years worth of Natural Gas available in
Jebco Editorial Service
E-mail n4zhk@arrl.net
======================================================================================
Delayed Audio Link
Posts
No comments:
Post a Comment