Sunday, March 30, 2008
  Gusher!!!! But why is nobody gushing?

NRO mentioned a new oilfield in North Dakota and Montana, which has been worked for a year now, and promises to be just as good as the old Oklahoma fields. If it continues expanding at current rates, the Bakken field could serve America's oil needs for decades to come.

This is the best news of the year, and Polistra celebrates in her usual way...




But Polistra is puzzled. First, why hasn't George W. Gore stopped this development? His main job is to insure that we remain totally and abjectly dependent on the Saudi enemy. Does he know something that we don't? Will this field peter out soon? Second, why hasn't this been mentioned in any national media? Why did I first hear about it via a single sentence on NRO? Third, why aren't the oil companies proudly telling us about this field? They run lots of ads stupidly declaring their Greenness, which leads us to think they are going out of the oil bidness; and many facts also point to the latter conclusion. Several drilling and development firms, and Marathon Oil, are growing as a result of the Bakken field. If it continues to grow, it will give most oil firms a good reason to stay in their original line of work. Fourth, why does the "price" of oil remain high? This "price" represents the betting of a few elite hedgers, rather than any honest reckoning of supply and demand, but even so, I thought the whole point of the FUTURES market was to account for likely FUTURE development.

Is our entire system so completely fucked up that it can't even respond normally to a positive development? Are the major media, the government, the oil "market", and the major oil companies, so slavishly loyal to the Saudi royal family that they see a huge new oil field on American territory as a shameful piece of dirty gossip, best ignored?

= = = = =

Later: Breaking out of my sardonic and paranoid tone, here's the question in more sober form. Are all of the elites - media, oil companies, government - so totally and incestuously locked into the internationalist mindset that they can't begin to fathom the concept of "America's interests"? Are they completely unaware that people in one particular nation might want to see that particular nation succeed, might want to see that particular nation become self-sufficient? And therefore unaware that they could gain commercial and political benefits by appealing to the people's desires?
 


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Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.

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