The Right Stuff: Bumbling Biden sells America’s oil to China

By Roger Oberbeck : Published July 25. 2022

America’s Strategic Petroleum Reserve holds about 605 million barrels of oil in underground salt caverns in Texas and Louisiana. It was created following the 1970s Arab oil embargo to store oil that could be tapped in an emergency.

It has fallen to the lowest level since 1985 due to Biden’s policies.

The Biden Administration has sold more than 5 million barrels (8%) of oil from the SPR to China and European countries. Biden has released approximately 260 million (43%) barrels of oil from the SPR in the past eight months to fight record fuel prices at the pump. Selling the SPR to China and others does not lower the cost of gasoline. It does make one wonder what kind of hold on Biden by Communist China could make him give our emergency oil reserves to them, which compromises our national and energy security. Or is this incompetence pure and simple? Could this be part of the $17 million deal between Hunter Biden and the Communist China Company Sinopec? The Biden administration sold 950,000 barrels of United States Strategic Reserve oil to Communist China’s Sinopec, that Hunter Biden had business dealings with – the same company with which Hunter Biden had business dealings.[...read more]

The Right Stuff: Rules of debate gone with rise of political shouting

By Earl Heal :Published July 18, 2022

My first formal debate was on a high school team in 1949 arguing the quality of the Soviet education system.

Rules then would deduct scoring points if an argument was not completely true, and politeness was required. Anger among competitors was not tolerated. While in college, I frequently watched college debates though I did not participate. Since college, I have consistently employed that style of debating informally as it ensures civility, fun and education.

By those rules, there is no loser. If I have stronger arguments, I win; if my opponent has stronger arguments, he wins the debate, but I have gained knowledge. Sadly, times have changed. Debate is a dying art. Discussions with someone who shares your beliefs is comfortable but has little educational benefit because you probably repeat the same arguments. If the other person has different beliefs, he will probably reject any real facts you present and may insult your education, your ancestry and your ability to contribute to society.[...read more]

The Right Stuff: What is money really?

By Jim McCully: Published July 11, 2022

Money is a medium of exchange, something of value for something of value. Historically, money has usually been gold or silver. Regardless, whatever was used people decided it had value in and of itself because they believed it did. In other words, intrinsic. Money took various forms over time. Usually, shiny attractive coins which evolved to attractive printed notes representing a stated value redeemable in precious metals deemed to have intrinsic value. Regardless of what was used, the system was well understood and universally accepted. Paper money was recognized as “real” too because it was backed by gold and/or silver.[..Read More]