IF IT IS OUR OIL OUT IN THE GULF, WHY DON'T WE GET ROYALTY CHECKS?

I WAS WONDERING… where does the royalty money from USA oil go?

Category Life before the September 17, 2008 Bank Heist!

Tuesday, August 05, 2008

OIL PRICES AND STIMULUS CHECKS

I have been watching the oil market for a long time. Many years ago I worked in a refinery laboratory for a Texas oil company and found out for myself over a ten year period that I worked for a corporation that cared more about profits than human life.

Now corporations are a machine with all the rights of a person; however, it lacks a human heart.

A man's life was worth $10,000, this was the life insurance payout in case of accidental death. And man… there were accidents that were beyond belief. This was during the Vietnam War 1968-77, and there was a serious manpower shortage. Young men, who would normally take dangerous work like this, were either in College or were being drafted into the military. We were always short help. I worked on a refining unit called a delayed coking unit. We made coke, oil baked coal. A guy named Dave, who hired on with me became a friend. He and I went through fireman training together. We were trained to fight fires and you can imagine an oil refinery is not a great place to have an unexpected fire. Dave worked on a unit called a Hydrogen Generator Unit or the Hydrogen Bomb Unit as the guys that worked there called it. One night after 1 or 2 A.M., I was on a platform about 150 feet in the air getting ready to drill for coke and WHAMM! The whole F**king unit shook hard enough to knock you off balance. We didn’t know where the explosion was and waited to hear the steam whistle give out a code. We had an elevator; but, we all went to the escape hatch, threw it open and started down seven stories of wet greasy ladders as fast as we could go. When we got to the two deck someone told us the HGU went up and the Plant Supervisor was waiting to take the six newest guys to the fire. I was hoping to see Dave; but never did. Apparently, he closed a valve on 1500 Lb/Sq. In. of hydrogen that simply exploded and vaporized anything not made of steel. We kept a 4’’ fire hose pouring on the unit to cool it off. All they found of Dave was a boot. An empty boot somehow survived. He never had time to train for his job. None of us did. Guys would quit and you moved up. If your relief didn’t show you worked a double shift. I worked 19 days in a row with 11 double shifts. I got so tired, this was hard work, I was filling up my car at a gas station and had to call home to find out if I was going to work or coming home. We were accidents waiting to happen. But, no one ever shut down a unit for safety. It was cheaper to pay the life insurance. I made huge money. More money than I ever expected to make in my life… but we were hurt, burnt and poisoned for it. More guts than brains. G_d Bless the young.

I watched oil being shifted around during the fuel crisis in the 70's. We got oil samples from all over the world and we knew which was which. Tankers sat offshore, just waiting. So we made less gasoline and shipped a lot of it to somewhere else. We were in L.A. man… people were shooting each other for a place in the gas station line. Crooks!

So in present day America… Our economy is in trouble so the president has decided to send us money to get the economy going. I don’t see how this is going to work as people are paying over $3.00 a gallon for gas. All our stimulus money is going to pay our gasoline so we can go to work. My sister bought a House for $350,000 two years ago and now is getting laid off. Her job went to China. She says they are selling for $500,000 now but she thinks it is going to collapse as she knows people who bought houses without jobs. They are lying about it and the Realtors are urging them to do it. My friend Sarah in Australia says the great depression is here… she has money (I mean money) and she is pretty good with investing; yet, I think all the borrowing by the government has been to funnel the cash to the same crooks that made out in 1929. I hope I am wrong but I think it is going to be bad.

When our President said that stimulus checks should be sent out oil was already starting to rise quickly, and for no clear reason at that.

Oh, I hear the reasons: Nigerian rebels (hungry people) are interfering with production; Oil refinery explodes in Texas ,(Small BP refinery that was unsafe and still allowed to run and kill workers); storms in the Gulf of Texas,( these ARE all leading to a massive shortage in the southern states; but, the prices are rising in France too) China, India and other emerging markets are decreasing the total oil available, (Iran reports that they have four full tankers if someone would like to have them)

The Kingston Trio sang about some of these, around 1960, with a Tune called The Merry Minuet. “There is rioting in African, there is strife in Iran, and what nature doesn’t do to us, will be done by our fellow man.”

As the checks go out, oil has already hit an all time high and is rising. I am telling people it was a good time to buy a SUV as the price would suddenly go down for no good reason. I know this as I have seen it happen twice before and the public dumped luxury cars taking very little just hoping to find any buyer.

Now the last stimulus checks have gone out and the price of oil is dropping and I think it will continue for a while.

There was no intention for us to have money... our job was to send it to energy companies to cover our very high gasoline and energy costs.

It is time for the American people to take their country back and while we are at it, all that oil that comes off of federal lands belongs to us. Where are OUR royalty checks? In fact, everything taken off of state or federal land belongs to us and only Alaska with the Alaska Permanent Fund gives their citizens their fair share of the profits. This a great program based on an idea from Abe Lincoln believe it or not, where state royalties go into investments and every man, woman, and child receives a check every year from the profits. $2000.00-$3000.00 per person or so is paid out each year. Now think of the minerals, timber, fishing… there is a LOT of federal (ours) property.
With this kind of money we could buy health insurance. We could fund our schools and not have to take Federal money or Federal mandated ideas on what our kids should know. No kid should have to see a book on sexual ideas involving non-traditional relationships until they are old enough. Only a community can make this decision.

And there are lots of things that belong to us that we don't get a dime for like the leasing of the airwaves for television, radio and cell phones. It is ours and they sell it to someone to sell it back to us. Crazy.

It is our country and this is our money. Where is our fair share of the profits? I think we are going to need them sooner than we think.