Politics explained

The other morning, my children asked me a question that launched me into a discussion of the political parties.  Although I felt that the discussion that ensued was balanced and fair as well as put both conservatives and liberals in their respective doghouses, I am sure that those on the opposite side of the isle would say that I was a conservative Republican wonk at best and a twit at worst.

Here is the jest of my conversation with my three inquisitive, budding historians and political scientists…


Instead of going through the long drawn out definitions, I will use some that an 11 year old will understand, which do not necessarily jive with what political parties in the U.S. would allow –

Liberals believe that we as a people should help our fellow man.  Conservatives believe that we need to help our fellow man.

Liberals care about people to the exclusion of all else.  Conservatives believe that we should help people within the confines of our ability.

Liberals ignore the Status Quo (also known as “the way things are“).  Conservatives believe that past and historical lessons can show us how to handle current issues.

Liberals have a heart.  Conservatives are heartless – they let their brains dictate how they help their fellow man.

Wikipedia has this definition of “Liberalism“:

Liberalism is a political philosophy or worldview founded on ideas of liberty and equality. The former principle is stressed in classical liberalism while the latter is more evident in social liberalism. Liberals espouse a wide array of views depending on their understanding of these principles, but generally they support ideas and programs such asfreedom of speech, freedom of the press, freedom of religion, free markets, civil rights, democratic societies, secular governments, and international cooperation

And this definition of “Conservatism“:

Conservatism as a political and social philosophy promotes retaining traditional social institutions in the context of the culture and civilization. Some conservatives seek to preserve things as they are, emphasizing stability and continuity, while others, called reactionaries, oppose modernism and seek a return to “the way things were”. The first established use of the term in a political context originated with François-René de Chateaubriand in 1818, during the period of Bourbon restoration that sought to roll back the policies of the French Revolution. The term, historically associated with right-wing politics, has since been used to describe a wide range of views. There is no single set of policies that are universally regarded as conservative, because the meaning of conservatism depends on what is considered traditional in a given place and time.

And this very interesting article on their contrasts from 2005 on Student News Daily.

An example

So here was my point with the kids, and I use my sister who I consider liberal and her friends consider conservative (thus illuminating the end of the conservative definition above in that no one definition of conservatism is shared), as my example.  I will use Obamacare as my example –

  1. True Liberals want everyone to have near universal access to healthcare.  Americans, who in general want to do good and help their fellow man, flock to the cause and elect someone with the slogan “Hope and Change” so that they can put this into action.
  2. Pseudo – Liberals who are interested in nothing else other than their own POWER co-op the liberal cause and enact the bill.  This enlarges their POWER.
  3. The American public elects True- and Pseudo- Liberals to CONGRESS.
  4. True Conservatives see the healthcare bill as unsustainable and that it will “break the bank” of the country.  They agitate for repeal of the bill and a return to modest changes to achieve the same aim.
  5. Pseudo – Conservatives who could care less about anything other than POWER accept the role of standards bearer for repeal of the bill.
  6. Obamacare shows some great aspects!  Liberals are overjoyed.  Conservatives secretly are optimistic that it will help but still voice opposition.  The Pseudo- versions of each are locked in ferocious battle, really over POWER.
  7. Obamacare costs spiral out of control (my viewpoint, a given), and overall the administration spends TRILLIONS of DOLLARS.  This debt is sold to, you guessed it, THE RICH.
  8. The public now feels like they were sold a bill of goods on the bill and elect more True- and Pseudo- Conservatives to CONGRESS who promise to repeal the bill.  They don’t have a good alternative though.
  9. Using the True- Conservatives’ battle cry of fiscal responsibility, the True- and Pseudo- Conservatives begin to dismantle the bill and cut taxes (the battle cry of Conservatives of all ilks since Reagan), which as you guessed it, causes the economy to swagger like a drunk man after a binge.
  10. Now, the POOR, who the True- Liberals wanted to help in the first place are hurt because of the Conservative approach to righting the ship.  Who reaps the early benefits of the changes put into the economy now – you guessed it, THE RICH.

And thus the cycle continues before the either of the changes could really take effect – either the original goal of near universal access to healthcare or doing that in a sustainable budgeted manner.

Who benefits?



So who are these Pseudo- guys?

As you can tell from my description above, I believe that there are large groups on both sides of the divide that really don’t care and would rather consolidate POWER than really focus on either agenda.  So who are these guys anyways?

Well, that is for each of you to choose.  I personally will not divulge my list of these Pseudo- Liberals and Conservatives, but i believe that most of us have a list.  I am sure there are some that most of us feel care nothing for us, THE ELECTORATE.

Mapping Liberals and Conservatives to our American political parties

Now this is the question – who is a Liberal and who is a Conservative?  In general, the following formula is assumed:

LIBERAL = Democrat


But that is a terribly out of date notion, at least I believe.  Many of my own views don’t fit into either party – wow, does that make me an INDEPENDENT?  Does that make me a LIBERTARIAN?  Tell me what you think, and next posting will delve into this notion.

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Posted by on May 22, 2015 in BLOG


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Arrayit Corporation Subsidiary Avant Diagnostics, Inc. Acquired by American Liberty Petroleum Corporation

Rhodes Holdings LLC:

ArrayIt Corporation is a majority shareholder of Avant Diagnostics, Inc., and thus will be a large shareholder of American Liberty Petroleum Corp.

Originally posted on American Liberty Petroleum Corp.:

SUNNYVALE, Calif., Dec. 31, 2014 (GLOBE NEWSWIRE) — Arrayit Corporation (OTCQB:ARYC) announces that its subsidiary Avant Diagnostics, Inc., a medical technology company developing cutting edge medical diagnostic tests, has been acquired by American Liberty Petroleum Corporation (OTCBB:OREO). The board of directors and a majority of shareholders of American Liberty Petroleum Corporation have authorized a number of corporate actions in order to complete the acquisition, including a reverse split, a name change, authorization of Preferred Stock, and filing the required SEC disclosure statements. Upon the effectiveness of these corporate actions, Gregg Linn, Avant’s CFO, will join the board of directors of the company as CEO and President.

In cooperation with Arrayit Corporation and DOCRO, Avant Diagnostics, Inc. is pursuing FDA approval of the market’s first large panel biomarker monitoring and screening test for ovarian cancer. OvaDx® is an advanced microarray-based test that measures the activation of the immune system in…

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Posted by on December 31, 2014 in BLOG


American Liberty Petroleum Corp. Agrees to Acquire Avant Diagnostics, Inc.

Rhodes Holdings LLC:

Rhodes Holdings LLC, through its Managing Member Robert C. Rhodes, is Chairman of American Liberty Petroleum Corp.

Originally posted on American Liberty Petroleum Corp.:

HOUSTON, Dec. 30, 2014 (GLOBE NEWSWIRE) — American Liberty Petroleum Corp. (OTCPink:OREO) agreed to acquire Avant Diagnostics, Inc. (‘Avant‘), a medical technology company developing specialized diagnostic tests, including the OvaDx® Pre-Symptomatic Ovarian Cancer Screening Test, signing the Agreement and Plan of Reorganization, effective Monday, December 29, 2014. The acquisition agreement comes after an in depth due diligence period, which included Avant Diagnostics, Inc. completing a PCAOB audit for its fiscal year ending September 30, 2014.

Acquiring a company such as Avant that has the ability to change lives is an important achievement for American Liberty Petroleum Corp. Avant currently has enough capital to initiate the next testing regimen that will allow the commercialization of OvaDx®,” said Robert C. Rhodes, Chairman of American Liberty Petroleum Corp. The board of directors and a majority of shareholders of American Liberty Petroleum Corp. have authorized a number of corporate actions…

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Posted by on December 31, 2014 in BLOG


doing securities analysis vs. getting inside information

Rhodes Holdings LLC:

Confidential information is very important to most of us in the merchant banking industry since we are continually reviewing the prospects of public companies, private companies, and individuals ideas. This is an issues that we all need to be aware of and know what the SEC is focusing its enforcements on.


the “mosaic” theory

When I became a securities analyst in 1978, the mosaic theory was what was commonly understood as being an adequate defense for an analyst accused of trading on inside (that is, material, non-public) information.

An example:  I’m interviewing the CFO of a large company I know is in negotiations over a very lucrative project in China.  This firm has a smaller, publicly traded partner, for whom this project could, say, triple its earning power.  After a series of questions, I tell the CFO that I’m estimating the company’s interest expense for next year will be $200 million.  I ask if this sounds right.  He responds that it will more likely be $250 million.

I know the company’s cost of debt is about 5%, so the added interest expense means new borrowing of $1 billion.  The only reason to do so would be to fund the China project…

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Posted by on December 20, 2014 in BLOG


Oil drops like a rock – is it good or bad?

So the price of oil broke through $70 this month and who knows where it will settle or how long before it comes up again.  Living in the Houston, Texas are (Sugar Land is a suburb), everyone is touched by the oil & gas industry, so everyone talks about the happenings in the oil patch incessantly (including me).  I thought that I’d bring out some interesting comments that I have heard lately:

Comments that have surprised me…

Of course everyone is talking about how Saudi Arabia is trying to squash the Eagle Ford and Bakken shale oil production in the U.S., but when I discussed this with one individual in government they said, “Saudi Arabia is actually helping the United States deal with Russia.  Russia makes most of the money that balances its budget and allows it to exert control over the world through gas sales in the winter and oil sales to Europe and Asia.  With oil prices below $90, Russia is running deep in the red and it can’t afford to mess with the gas supply to Europe through made up “pipeline problems’.

Here some proof – the Ruble is being sold off hugely and the dollar is up – which helps Saudi Arabia and the U.S. as Saudi Arabia holds lots of U.S. Treasuries.  See the Wall Street Journal article entitled ‘Sell Off in Russian Ruble steps up‘.

To add to that, Saudi Arabia needs oil at $93 to balance its own budget.  See this older article in the Wall Street Journal entitled “Oil-Price Slump Strains Budgets of Some OPEC Members.’  There is an updated article from December that shows Russia as well.  The reason Saudi Arabia can survive and thrive with lower oil is because it has a couple of years of monetary reserves to withstand just such a price slide.

Oil companies clean house

Now for the bad news – oil companies are cleaning house again.  It seems every time there is a slump in oil prices, every oil company and oil services company announced layoffs.  Here are some of the highlights:

– ‘BP to spend $1 billion to cut jobs, restructure‘, HBJ on December 10

– ‘Halliburton to cut 1,000 jobs‘, HBJ on December 11; it should also be noted that Halliburton just bought one of its largest rivals and probably wanted to thin the ranks already, so what a perfect time to double down on the layoffs

Why not control their hiring practices and hire more slowly?  That’s what most other industries do.  In the oil industry though, companies need to bulk up almost instantaneously to take advantage of the opportunities that present themselves – take the Eagle Ford for instance.  When the money became available, let’s say 2010 through today is only four years and estimates of as many as 200,000 people work in that play today – zero to that is a huge growth rate.  And the Bakken and other plays are just as large in numbers.

Because of the huge run up in people needed, the large players don’t have the opportunity to thin the ranks and cull out inefficient managers and other employees, so when a downturn happens, every company takes the opportunity to do so.

So what oil play do I believe will be en vogue now?

I believe that oil will hover in this low price ($55 – 85) level for no more than two years and then move up to the level we have seen for the previous couple of years ($85 – 105).  Why?  Well, if you look at the OPEC producers, Russia and the U.S., we all would rather see oil at $100 than $50 – and most of their budgets depend upon oil being high.

When I look at Exxon, I see a bank.  Exxon funds projects for the next fifty to seventy five years, so a blip in the price of oil today rarely if ever effects their long term planning.  In fact, Exxon recently said they do their projects planning for $40 oil – all of us should look for oil projects that make sense at the level, but alas, most of those projects require billions of dollars and not the millions of dollars that most of us could put together (or tens of thousands of dollars that just about anyone could put together for a project).  Take a look at this article entitled ‘Exxon: North America will be a net exporter, oil will last 150 years‘ in the HBJ.

For me, I continue to like investing in stripper wells – wells that produce less than 10 BOPD (barrels of oil per day) or 60,000 cubic feet (Mcf) of natural gas per day.  The cost is low, sometimes as little as $25,000 per well for drilling and completion, and the plug and abandonment (P&A) liability is low as well.  Normally these come in packages containing many wells – I saw one with 500 wells the other day.

Copyright © 2014 by Rhodes Holdings LLC, all rights reserved.


Posted by on December 15, 2014 in BLOG, Business


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Liberty Energy Corp. executes farm-in agreement with Delta S Energy LLC

Houston, TX / ACCESSWIRE / October 28, 2014 / Liberty Energy Corp. (‘LBYE’ or ‘the Company’) announces today the funding of a farm-in agreement with Delta S Energy LLC to make improvements to four (4) of the Company’s existing wells and upgrade infrastructure assets on their Baylor County leases. As part of the agreement, Delta S Energy LLC was granted the first right option “… to purchase all or part of the available working interests in the first 3 new drills to be spud on the leases for the period ending 12/31/14…”


Robert C. Rhodes, Delta S Energy LLC representative commented on this initial Liberty Energy Corp. project, “We invest in ‘base hits’ like purchasing a fractional working interest in wells with production history, and Liberty Energy Corp.’s leases provide us a great playing field. We funded Delta S Energy LLC with the expectation of partnering with companies like LBYE to leverage our experience with public companies and expect future opportunities with LBYE like our initial agreement.”


“We like the investment by Delta S Energy LLC into our Baylor County leases as it represents an independent endorsement of our production with upside corporate mandate. These capital improvements will increase production and improve infrastructure. This meets both short and long term objectives of the Company” stated CEO, Arthur Roy.



Liberty Energy Corp. (LBYE) is an independent oil & gas company dedicated to sourcing, exploring, developing and producing U.S. onshore oil and gas reserves. Headquartered in Houston, Texas, the Company has acquired several leases with extensive potential for future development. Further information at: or email


About Delta S Energy LLC


Delta S Energy LLC is a recently funded organization that invests in oil & gas projects with low risk profiles and return on investment time horizons of less than twelve (12) months. Delta S Energy LLC is a sister organization to Rhodes Holdings LLC, which provides strategic consulting for public companies. Further information on Rhodes Holdings LLC is provided at


Safe Harbor Statement


Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.’s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law. Please read our full disclaimer at




Rita Karpel, Investor Relations
Liberty Energy Corp.
832-663-2688 (Phone) 832-459-7335


Robert C. Rhodes
Delta S Energy LLC
281-435-3917 (Phone)


SOURCE: Liberty Energy Corp.


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Posted by on October 28, 2014 in Business, News


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American Liberty cancels majority of stock

Houston, Texas (Wednesday, October 1, 2014) – American Liberty Petroleum Corp. announces today that it will cancel over sixty three percent (63%) of the company’s outstanding Common Stock shares. Three major shareholders have signed an agreement to exchange stock certificates, owned by them and already submitted to the company’s CFO, for one million (1,000,000) Common Stock shares each – for a total of over sixty eight million (68,469,993) Common Stock shares being cancelled and three million (3,000,000) being issued.

These shareholders, including the Chief Executive Officer prior to Mr. Rhodes, believe that our current management team and its plan focusing on enhancing shareholder value will bring major benefits to our shareholders,” said Steven M. Plumb, American Liberty Petroleum Corp.’s Chief Financial Officer. “With 107,389,051 Common Stock shares outstanding as of the filing of our last 10Q, we are cancelling over sixty three percent (63%) of the outstanding Common Stock shares.

The previously disclosed letter of intent for acquisition of Avant Diagnostics Inc. contemplates a closing date by October 1st, 2014, based upon successful conclusion of due diligence, which is ongoing by both parties. The parties have signed an amended letter of intent providing for a later closing, October 31, after Avant Diagnostics Inc. submits a PCAOB audit to the company as part of the due diligence.

Shareholders should also note that Mr. Hunter M.A. Carr no longer has any position nor ownership in American Liberty Petroleum Corp. The Board of Directors accepted Mr. Carr’s resignation as Chairman on August 30, 2014.


About American Liberty Petroleum Corp.

American Liberty Petroleum Corp. (‘OREO’, is a fully reporting, development stage publicly traded company seeking acquisitions in the Gulf Coast oil & gas services business segment. OREO’s current management team, Robert C. Rhodes (CEO) and Steven M. Plumb (CFO), are actively involved in the search for acquisitions.


About Avant Diagnostics Inc.

Avant Diagnostics, Inc. (‘Avant’, is a medical technology company based on the completion of the human genome sequencing project. Avant is developing specialized tests that are cutting edge in medical diagnostic testing and the OvaDx® Pre-Symptomatic Ovarian Cancer Screening Test is a leading breakthrough in commercializing these tests.

Genetic research is increasingly focused on identifying the variations of the specific genes in the genome. These variations are what define individual characteristics, including disease states or a statistical propensity for disease. The implications are far-reaching and impact not only the research community, but also the individual patients and the medical providers. Diagnostic tests that detect diseases very early in their progression will provide options for earlier treatments that may improve the patient’s quality of life and prognosis by delaying or preventing disease progression or even death. Medical providers will incur major cost savings by avoiding costly late stage disease treatments.


Safe Harbor

The statements in this press release that relate to American Liberty Petroleum Corp.’s expectations with regard to the future impact on American Liberty Petroleum Corp.’s results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. American Liberty Petroleum Corp. undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in American Liberty Petroleum Corp.’s plans or expectations.

Investor Contact

Robert C. Rhodes
American Liberty Petroleum Corp.

Steven Scott or Gregg Linn
Avant Diagnostics, Inc.

© 2014 by American Liberty Petroleum Corp, all rights reserved.  Distributed here by permission.

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Posted by on October 2, 2014 in News


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