Livestock “The greatest homage we can pay to truth is to use it.” – JAMES RUSSELL LOWELL AUGUST 15, 2013 • www. aaalivestock . com
MARKET
Digest O Volume 55 • No. 8
by Lee Pitts
NEWSPAPER PRIORITY HANDLING
Everyone has a photographic memory. Some are just out of film.
wear and throw more logs on the fire. Hurry, would someone please tell Al Gore to do another slide show. The only Inconvenient Truth we’re talking about here is that the former Vice-President was as full of hot air as a dozen feedlots full of cattle.
It always was the height of arrogance to think that people could control the temperature outside as if they had their collective hand on Mother Nature’s thermostat. The fact is, weather changes. It gets hot, it gets cold, and cows, coal and cars have little to do about it. But you really
have to admire the nerve of the scientific community, by saying that global warming is now causing global cooling they don’t have to answer for their trillion dollar mistake. They’re now covered either way and they won’t be humiliated and end up with egg on their face, even when they are dead wrong, because they have found a way to be right when Mother Nature refuses to cooperate and validate their theories. They think of everything, don’t they?
The Political Climate One of the major premises behind the global warming devastation theory is that greenhouse gases that are trapped in our atmosphere are supposed to speed the melting of the Arctic ice cap that will then drown out Hollywood and cause up to 60 trillion dollars in damage. Hey, you win some and you lose some. I say if we get rid of the Hollywood crowd it might be worth $60 trillion. Professors, researchers and scientists point to Russia’s drought, the high price of corn, continued on page two
Department of Energy forecasts suggest that fossil fuels are the energy sources of the future MARK J. PERRY, WWW.AEI-IDEAS.ORG
resident Obama has frequently promoted renewable energy sources, and said during his 2012 campaign that “We’ve got to look at the energy sources of the future, like wind and solar and biofuels, and make those investments.” By “investments” Obama most likely means massive “taxpayer-funded subsidies” for wind, solar, and biofuels. At the same time, Obama has often dismissed fossil fuels as “energy sources of the past.” But according to projections from Obama’s Department of Energy, the reality is much different — fossil fuels will continue be America’s dominant source of energy for at least the next quarter century, while renewables, even with taxpayer life support, will continue to play a relatively minor role as an energy source for the US. Here’s what the Department of Energy reported on its website recently: “While the overall energy history of the United States is one of significant change as new forms of energy were developed, the three major fossil fuels—petroleum, natural gas, and coal, which together provided 87 percent of total
P
by LEE PITTS
Trouble In Store
Brrrr! H
ave you heard the latest on the global warming front? It may be a cold front. Yes, that’s right, there is a growing group of scientists who believe that global warming is now causing global cooling. I kid you not. I learned about this phenomenon from a recent college graduate who, because he now has his diploma, knows everything there is to know. About everything! I feel so fortunate that this newly minted biology major was kind enough to enlighten me on this important subject but I must admit, at first I thought he was kidding. Perhaps this was some sort of a cruel joke, that after spending hundreds of billions of dollars and writing immense volumes of new rules and regulations in an attempt to rid carbon from the world, that this was all just some kind of practical joke. It may be hard to believe but instead of drowning when the polar ice caps melt due to flatulating cows, a growing group academia, many of whom were global warming alarmists, are now saying we should buy long under-
Riding Herd
U.S. primary energy over the past decade—have dominated the U.S. fuel mix for well over 100 years. Recent increases in the domestic production of petroleum liquids and natural gas have prompted shifts between the uses of fossil fuels (largely from coal-fired to natural gas-fired power generation), but the predominance of these three energy sources is likely to continue into the future.” The chart illustrates the importance of fossil fuels to America as an energy source — in the past, today, and in the future. Over almost a one-hundred year period from 1948 to 2040, fossil fuels have provided, and will continue to provide, the vast majority of America’s energy by far (based on Department of Energy data here, here and here). Last year, fossil fuels provided almost 84 percent of America’s energy, which was nearly unchanged from the 85 percent fossil fuel energy share twenty years ago in the early 1990s. Even more than a quarter of a century from now in 2040, the Department of Energy forecasts that fossil fuels will still be the nation’s
ne of my most vivid memories as a kid were the trips we made from California to Missouri to visit relatives. My favorite part of those trips was reading the Burma Shave ads by the side of the road. For you youngsters, these ads consisted of five or six signs spaced so they were like chapters in a book. For example: “If Hugging / On Highways / Is Your Sport / Trade in Your Car / For A Davenport / Burma Shave.” Such ads helped Burma Shave compete with “The Big Soapers”, Colgate and Palmolive. The part of the trip through Arizona and New Mexico was kinda boring because, for some reason, there were no Burma Shave signs. The biggest threat to the Burma Shave signs weren’t teenagers who stole them, or hunters who shot at them. Nope, the biggest threat were horses who found them to be excellent back scratchers. Before Lady Bird Johnson tried to eradicate them from America’s landscape, billboards were everywhere, and they provided a nice income stream for ranchers and farmers who owned land adjacent to busy roads. Farmers got as much as $25 per year for a set of signs from Burma Shave on their property! Wow! I leased a ranch where the income from one billboard was more than the rent I paid to run 100 cows. I admit that whenever I pass a big billboard up the road from me I’m a little jealous of the extra income it brings the owner, a bachelor we call Gloomy. He is a bible thumping, humorless man, as somber as a funeral director, who thinks the world is coming to an end if we all don’t change our sinning ways. In the grocery store where my wife worked for 30 years he once lectured her for working on a Sunday. I tease Gloomy for being a media mogul but I was shocked one day when I looked up at the billboard and saw a scantily clad, voluptuous model advertising an adult bookstore. I use the word “bookstore” but it continued on page nine
continued on page eight
www.LeePittsbooks.com