Monday, November 26, 2018

Texas Tea


There is a story here and it begins with the map. It also begs the question why it is called "Texas Tea" and not Oklahoma Tea. It is attitude and a complete lack of understanding on the north side of the Red River. As it states in the body of the story, each of those dots represent an oil well and it is along those lines of dots where new pipelines will come online between August and December of 2019. One in fact just came online ahead of schedule. You might want to ask yourself a question: Why is Oklahoma not on that map? The US now produces 15.9 million barrels a day, greater than either Russia or Saudi Arabia. By the end of the next year, that total will climb to a projected 17.4 million - Thank God for Texas! Every producing state but Oklahoma has had an increase of late in drilling. Oklahoma has had a decline. Not only that but we are not building pipelines or refineries. Would you like to ask yourself, WHY? It's really basic Macroeconomics 101. By the first quarter of 2020, the US will become a net exporter for the first time in 75 years. In August, the US saw the largest annual increase in production in 98 years. What about OK? Nada! It is a question of attitude and understanding. I worked for 10 years in this state in trying to improve on our business climate. It was like pulling teeth. Why did George Nigh make industrial development his number one priority? JOBS. NOTE to the wise: A state cannot tax and spend to prosperity, nor can it tax and spend its way to educational pay equity with tax and spend. It is again, basic attitude and understanding with a smidgen of economics. California tried it and all they have been successful in so doing is exporting jobs to Texas, the same as Oklahoma. You grow your way to prosperity with JOBS and production. We just had a big tax increase, characterized as paltry by some. Do we now have equity in teacher's pay with Texas? Of course not and we never will with tax and spend policies. Throw in the mere fact that there is no income tax in Texas and we are looking at a disaster--the tale of 2 States. Texas gets an A+ and Oklahoma gets an F = FAIL. We have already sent some of our major oil companies to Houston and we should not be surprised if we send both Continental, Devon and others right down I-35 to Houston. These companies have a Board of Directors and it is their fiduciary responsibility to seek the best bottom line on their financial statements. They don't care about the Red River Shootout-it is a profit they seek. Here in Oklahoma we hear squeaking about earthquakes being caused by the oil industry, a complete and total HOAX. We aren't building pipelines because we might kill Ernie's favorite squirrel gravy for supper. Further, it costs a helluva lot more money per mile to build a pipeline in Oklahoma vs. Texas due to Profit after Tax [PAT]. What we do here is penny wise and pound foolish and that is why Houston is the US Oil Capitol, not Tulsa. Oklahoma needs growth in the economy and maybe a full helping of Grow Up! If we run the remaining big oil out, the only thing we will have left to pay our teachers is weekend Farmer's Markets and a manufacturer or two that we have not also run off, again, down south of the Red River. If Oklahoma was doing its part in production, the US would already be a net exporter of oil. Just makes ya proud, don't it...





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