Source: WSB-TV 2 Atlanta
Trump Nails It
– By: Larry Walker II –
Last year our trade deficit with Mexico totaled $53.8 billion, and is projected to end about the same in 2015. When the last three decades are summed, we find that the United States 30-year trade deficit with Mexico amounts to $910.2 billion. Although this has been great for Mexico, it hasn’t been so great for the United States.
Looking back over the last 30 years, we find that the United States actually ran trade surpluses with Mexico in 1991 through 1994, and then came the North American Free Trade Agreement (NAFTA – 1994). Since NAFTA, the United States annual trade deficits with Mexico have totaled $897.8 billion (since 1995). By comparison, the deficit amounted to just $13.7 billion during the 9 years preceding NAFTA.
2015 $31.2 billion (through July)
2014 $53.8 billion
2013 $54.5 billion
2012 $61.7 billion
2011 $64.6 billion
2010 $66.3 billion
2009 $47.8 billion
2008 $64.7 billion
2007 $74.8 billion
2006 $64.5 billion
2005 $49.9 billion
2004 $45.2 billion
2003 $40.6 billion
2002 $37.1 billion
2001 $30.0 billion
2000 $24.6 billion
1999 $22.8 billion
1998 $15.9 billion
1997 $14.5 billion
1996 $17.5 billion
1995 $15.8 billion
1994 ($1.3) billion (surplus)
1993 ($1.6) billion (surplus)
1992 ($5.4) billion (surplus)
1991 ($2.1) billion (surplus)
1990 $1.9 billion
1989 $2.2 billion
1988 $2.6 billion
1987 $5.7 billion
1986 $4.9 billion
1985 $5.5 billion
Not only are we losing in trade with Mexico, but the Mexican government has allowed millions of its own citizens, and those from nations to its south, to pour over our southern border illegally. That’s right! The Mexican government has been mostly complicit, looking the other way while tens of thousands boarded trains from its southernmost to its northernmost border, allowing them to cross our border without any resistance. Although lately Mexico claims to be clamping down on illegal border crossings, the damage has already been done.
There are folks both left and right who say, “Free-trade is good for America, because it allows us to work less and buy cheaper goods.” Although plausible on paper, the theory fails once we tally the last thirty years results. Looking back over the last 30 years, we discover that not only has the U.S. lost nearly $5.0 trillion in national wealth ($4 trillion to China and $1 trillion to Mexico alone), but according to the Bureau of Labor Statistics, manufacturing jobs in the U.S. have declined from 18.0 million in 1985 to just 12.3 million as of August 2015.
According to Raymond Richman (Ph.D. in Economics from the University of Chicago and Professor Emeritus of Public and International Affairs at the University of Pittsburgh), “We should end our huge chronic trade deficits which have decimated our manufacturing sector and caused the loss of millions of good American manufacturing jobs. Our policy should be balanced trade which economic theory supports rather than free trade which is supported by economic theory only when countries have a common currency and free movement of capital and labor (as among the States of the United States). We should use the “Scaled Tariff” (our invention!), a single-country-variable-tariff that rises as trade deficits widen significantly, whatever the reason, and are reduced to zero as trade is brought into balance.”
Once aware that our flawed trade policy has resulted in the siphoning away of more than $5 trillion in national wealth ($1 trillion to Mexico alone) and 6 million manufacturing jobs, it should be easy to understand how Mexico will pay for the new border wall. Mr. Trump has his finger on two of the most glaring problems with our economy, illegal immigration and our Lose-Lose foreign trade policy. Balancing our trade deficit, by any means necessary, is a vital component in the quest to make America great again.
History Lesson: Sedco 135F – IXTOC I
Compiled by: Larry Walker, Jr.
So if the Gulf Oil Blowout is going to take 3 to 10 month’s to cap, then why lie? I’m tired of the lies. If it took Red Adair nearly 10 month’s to cap IXTOC I, why would Obama think his disaster could be resolved in a few weeks? The only way that’s going to happen is through the use of military ordinance to blow the well, creating an underwater seismic event. Any thing short of this is wishful thinking.
In the IXTOC I accident the U.S. had two months to prepare the coast with booms and still failed to prevent a disaster. The Obama administration has wasted a month already. The IXTOC I dumped 3.5 million barrels into the Gulf making it the worst oil disaster ever, until now. Obama could blow the well, but he won’t. Obama could do more for the Gulf States, but he won’t. All Obama knows how to do is run his mouth (with a teleprompter), tell white lies, and make us think everything is F.I.N.E. Those who fail to learn from history are destined to repeat it. Deja Vu…
In 1979, the Sedco 135F was drilling the IXTOC I well for PEMEX, the state-owned Mexican petroleum company when the well suffered a blowout. The well had been drilled to 3657m with the 9-5/8″ casing set at 3627m. Reports then state that mud circulation was lost (mud is, in essence, a densely weighted drilling fluid used to lubricate the drill bit, clean the drilled rock from the hole and provide a column of hydrostatic pressure to prevent influxes) so the decision was made to pull the drill string and plug the well. Without the hydrostatic pressure of the mud column, oil and gas were able to flow unrestricted to the surface, which is what happened as the crew were working on the lower part of the drillstring. The BOP was closed on the pipe but could not cut the thicker drill collars, allowing oil and gas to flow to surface where it ignited and engulfed the Sedco 135F in flames. The rig collapsed and sank onto the wellhead area on the seabed, littering the seabed with large debris such as the rig’s derrick and 3000m of pipe.
The well was initially flowing at a rate of 30,000 barrels per day (1 barrel = 42 US gallons = 159 litres), which was reduced to around 10,000 bpd by attempts to plug the well. Two relief wells were drilled to relieve pressure and the well was eventually killed nine months later on 23 March 1980. Due to the massive contamination caused by the spill from the blowout (by 12 June, the oil slick measured 180km by 80km), nearly 500 aerial missions were flown, spraying dispersants over the water. Prevailing winds caused extensive damage along the US coast with the Texas coast suffering the greatest. The IXTOC I accident was the biggest single spill ever, with an estimated 3.5 million barrels of oil released.
In the next nine months, experts and divers including Red Adair were brought in to contain and cap the oil well. Approximately an average of ten thousand to thirty thousand barrels per day were discharged into the Gulf until it was finally capped on 23 March 1980, nearly 10 months later. Prevailing currents carried the oil towards the Texas coastline. The US government had two months to prepare booms to protect major inlets. Eventually, in the US, 162 miles (261 km) of beaches and 1421 birds were affected by 3,000,000 barrels (480,000 m3) of oil. Pemex spent $100 million to clean up the spill and avoided paying compensation by asserting sovereign immunity.
The oil slick surrounded Rancho Nuevo, in the Mexican state of Tamaulipas, which is one of the few nesting sites for Kemp’s Ridley sea turtles. Thousands of baby sea turtles were airlifted to a clean portion of the Gulf of Mexico to help save the rare species.
Office of Response and Restoration: IXTOC I
The Royal Society of Canada: Report on Science Issues Related to Oil and Gas Activities
By: Larry Walker, Jr.
If it were up to me, I would focus on stopping the source of the oil spill in the Gulf of Mexico. The Obama Administration is all fired up about investigating the ’cause’ of the leak. BP is all giddy about siphoning off a third of the amount of oil still gushing into the gulf. Congress is all wound up about having endless hours of meetings and testimony about who (since the government is effectively broke) is going to pay for the damage. Meanwhile, the hemorrhage continues.
Why not stop the source of the leak first, then focus on the massive cleanup? Decision makers make decisions and then stand by them. An ‘organizer-in-chief’ like Obama can only excogitate ways to extort money out of BP.
Obama is going to get to the bottom of how this happened and his administration is going to look for a neck to place its boot on. Yeah, right. Sounds like the work of a community organizer, not a president. A real president would focus on stopping the flow and then cleaning up the damage.
Meanwhile, BP has figured out how to make money by syphoning off some of that crude. Why not syphon off as much as you can while you’re drilling that relief well? For BP it’s about recouping some of the losses, not really about stopping the leak.
And Congress? Congress can’t even take the time to read a bill before they vote on it. What is Congress going to do to stop a real crisis? Nothing. Passing Obamacare was some kind of National emergency, but the destruction of the Gulf Coast is not a big deal.
If a water main breaks in my front yard, the solution is not to point fingers, run my mouth, or to see how much water I can syphon off. The solution is to stop the leak.
How do you stop a mile deep oil gusher? Explosives. You blow it up.
What technology might the Federal Government have in its vast arsenal capable of sealing the breach?
I would to God that someone in the Federal Government or Military would have the stones to seal the well and stop playing games. Cap the @&%# well head.
Has the well been capped yet?
You got a better solution?
[Note: The use of nukes may not be necessary. Conventional explosives may suffice.]
Food for thought: