Does Exxon Mobil need a hug?

March 10th, 2011

Ben Stein is a smart guy and in his March 2, 2008 column in the New York Times attacks Barack Obama’s idea that Exxon Mobil’s huge profits ($12B last quarter) are going into the hands of–his words–”some cabal of reactionary businessmen”. The company, he say, is owned by “ordinary Americans” such as poor elderly folks who depend on its dividends to buy their “oxygen tanks”.

This argument is surprisingly easy to refute. First, ExxonMobil pays only a small fraction of its profits out in dividends–the most recent figure is 19.54%. Second, the “ordinary Americans” Ben refers to are predominantly rich investors who are using the dividends to buy yachts, not oxygen tanks. Third, Stein claims that “when ExxonMobil earns almost $12 billion in a quarter, or $41 billion in a year, as it did in 2007, that money does not go into the coffers of a few billionaire executives quaffing Champagne”, but nearly $500M did exectly that in the obscene payout to the recently retired CEO Lee Raymond. .” This applies to Big Oil. Its profits are our income. Its employees are overwhelmingly not millionaires — and, by the way, it’s not illegal or evil to be a millionaire. They are our neighbors and the people who get us the gasoline to run our cars and trucks and the oil to heat our homes.

And, after expenses, the money hauled in by Exxon Mobil and other companies like it goes vastly more toward exploration and finding new ways of delivering oil and gas to us slobs in our cars than it does to well-heeled oil executives. It may be a scary fact, but we need the oil companies.

Meanwhile, all over the world, from Russia to Venezuela to Africa to the sands of the Mideast, nations with large oil reserves are making it harder for American energy companies to get their hands on oil and gas. If they succeed and re-cartelize the price, current prices may look cheap.

We should not be beating up Exxon Mobil and its brethren and making them cry uncle to Uncle Sam. A better policy might be to keep making sure they have no role in price-fixing, and then to encourage them to go after and lock up as much oil and gas as they can for us to burn up. We would be better off with stronger oil companies that can serve our energy needs for the long haul than with weak and overtaxed oil companies that cannot deliver the needed juice.

Finally, envy is simply not good economics. It has never led anywhere except to trouble, and we have enough divisions in this country already. As I said, Mr. Obama is a smart man. And Senator Clinton is a smart woman. I have worked in politics and with politicians. I know they have to say crowd-pleasing things (just as Republican leaders have to say that cutting taxes raises revenue).

But I respectfully suggest that they might want to reconsider their attack on Big Oil. After all, Big Oil is big us. And we need us.

How do you say "finger" in original human language?

May 28th, 2009

The New York Times Obituaries column on May 15, 2001, ran the article “Joseph Greenberg, 85, Singular Linguist, Dies”.

I had never heard of Dr. Greenberg before. His books, such as “Indo-European and its Closest Relatives”, sound a bit intimidating to the casual reader such as myself.

Dr. Greenberg’s focus was apparently finding relationships between languages and placing them into groupings. He grouped most of the world’s languages into 12 superfamilies.

Most interesting: Dr. Greenberg postulated that the world’s original, ancestral language contained the word “tik”, Its reflection in the Indo-European language group includes the words “daktulus”, “digitus”, and “doigt”—Greek, Latin, and French for finger, as well as in the English word digital.

What other words from the human Ursprache did Dr. Greenberg deduce? Could “tik” have been the first word spoken by humans, and if so is it a coincidence that it in its “digital” form it defines a leitmotif of our culture 100,000 years later?

Crime, Punishment, and the Singularity

May 28th, 2008

Another interesting social issue related to the is its effect on our penal system especially the millions of folks we’ve got locked up right now. Take a prisoner with a 50-year sentence. If he has to serve his entire sentence he wouldn’t be out until 2050, but by that time we expect inconceivable advances in genetics, nanotechnology, and artificial intelligence/robotics, all of which could have implications for his case. Read the rest of this entry »

The Singularity is Near

May 26th, 2008

Ray Kurzweil’s The Singularity is Near ( ) is one of those books that really changes the way you look at things.

For instance, when the Supreme Court rules on virtual child porn as it did recently ( ), you see that the real issue goes far beyond Photoshopping some kidpix. Read the rest of this entry »

Sakiko's new blog

May 22nd, 2008

Sakiko has started a blog at . Expect lots of cat pictures.

Nearman’s new translation of Shobogenzo

May 21st, 2008

Rev. Hubert Nearman, O.B.C. has put out an ambitious new translation of Shobogenzo, a 14-year labor of love, now available from the Shasta Abbey website.

Getting guidance for your life from the web

May 21st, 2008

A recent college graduate I know recently found himself most unhappy in his new job. But was there something really wrong with the company he had had such high hopes for, or was it merely a case of the freshman blues? Where to turn for advice? Friends? Parents? Professors?

Read the rest of this entry »

The Neural Buddhists: Neurotheology in the NYT

May 19th, 2008

The New York Times published a last week on the topic of meta-neurotheology: the context and evolution of the social discussion about neurotheology. Author David Brooks points out the huge impact that the neuroscience revolution is having and will have on our culture’s views of God, religion, and science. His main point: the direction we will take as the discussion unfolds is not towards atheism and pure materialism, but rather something he calls neural Buddhism: “new movements that emphasize self-transcendence”, based on beliefs in a dynamic self , shared morals, elevated experience, and a new concept of God .

Read the rest of this entry »

Epigenetic Enlightenment

May 19th, 2008

“Life’s experiences add molecular switches to the genes that control our brain activity,” is the subhead on an article in a recent issue of SciAm Mind. The article presents the new field known as epigenetics , which holds that experience can cause chemical changes that boost or depress the expression of certain genes.

This is a rich potential mechanism for describing interaction of nature and nurture in general, but in particular the progress of spiritual development associated with ongoing practices such as Zen meditation. Simply put, meditation practice could have chemical effects such as attaching methyl groups to genes, which quiets the gene by interfering with the ability of the RNA-based transcription mechanism. Or it could attach acetyl groups with the opposite effect, letting the genes express themselves more easily.

This is an intriguing supplement or alternative to other explanations of the long-term effects of meditation, such as neuroplasticity, but what is the gene, or genes, in question? Such a hypothesis will be a prerequisite for experimental design in this field.

Image of chromatin created by Nicolas Bouvier; courtesy of Genevieve Almouzni, Curie Institute, Paris, France.

Hofstadter and the Singularity

May 16th, 2008

I got a copy of Douglas Hofstadter’s “I Am a Strange Loop” (Amazon) for my birthday and spent the next month puzzling over why this inane book ever got written, other than to make a few bucks from aging technohippies with fond memories of Godel, Escher and Bach. It’s basically a random collection of unstructured jottings, boring personal stories, and contentless musings. Try as he might, Hofstadter never manages to convince us of the connection between Godel’s proof and some kind of loop that supposedly lies at the basis of our consciousness. Oddly, there’s almost no reference to any of the actual research in neuroscience or related fields which has started to cast light on the phenomenon of consciousness in recent years.

Hofstadter’s treatment of Zen in the book is emblematic of its problems. In a dialog between “Strange Loop #641″, a believer in the ideas of I Am a Strange Loop (such as they are), and “Strange Loop #642″, a doubter, he has them saying: Read the rest of this entry »