Monthly Archives: March 2011
|On his trip to Brazil last week, President Barack Obama promised the Brazilians our help in developing Brazil’s oil resources. Then he promised to buy the oil.
The statement seemed puzzling, given that Mr. Obama shut down drilling off the Gulf Coast, and now, having reinstated it, is permitting his Interior Department to drag its feet on issuing new permits to explore the Gulf for oil.
But explaining this curious position is hardly difficult. Mr. Obama, you see, will also fund oil development in New Guinea, Fuel Fix.com revealed last week.That’s right. New Guinea. And what do Brazil and New Guinea have in common? George Soros, billionaire Master of the Universe, who has invested his billions in both places.
Here are the facts: “Despite this economically disruptive backlog,” Fuelfix.com reports, “the Bureau of Ocean Management, Regulation, and Enforcement (BOEMRE) has assigned only six drilling engineers to process all permit applications pending in the Gulf of Mexico. While Michael Bromwich bemoans a lack of the staff necessary to speed up the process, he’s sending his staffers to Papua New Guinea to advise its officials on ways to develop the country’s offshore drilling infrastructure. A significant portion of the agency’s budget is covered by fees, royalties, taxes, and rents from energy production, so curtailing drilling closes off cash flow too.”
As well, American Thinker’s Ed Lasky explains that Soros “has a huge ownership interest in a company called InterOil (stock symbol IOC), whose one major asset is reportedly a huge reservoir of natural gas in New Guinea. He has been increasing his ownership stake in recent months and, as of last November, showed an 11.9% ownership stake. His InterOil holding is the third-largest stock holding in his hedge fund.”
So for a second time Mr. Obama is helping Soros, who showered candidate Obama with millions through various fronts and has created a constellation of anti-Christian leftist organizations to wreak havoc upon the Republic. He is now using Media Matters, the leftist media watchdog, to wage war against Fox News and conservatives he does not like. That operation may well violate the group’s tax-exempt status.
Anyway, remember what Mr. Obama said in Brazil: “We want to help you with the technology and support to develop these oil reserves safely. And when you’re ready to start selling, we want to be one of your best customers.” How much is that? While American companies file 3,000-page applications and workers remain unemployed, Obama gave Petrobas permission to launch a floating production storage facility 165 miles off the coast of Louisiana.
Recall that in 2009, the Obama Adminstration committed $2 billion from the U.S. Export-Import Bank to drill for oil off Brazil’s coast. Coincidentally, just a few days before that announcement, Soros sold 22 million shares of Petrobas stock, Bloomberg News reported, and bought 5.8 million of its shares traded in the United States. Asked Ed Morrissey of HotAir.com, “Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations?”
Much more can be said of the Obama-Soros connection. It suffices to say that Mr. Obama doesn’t mind drilling for oil. He simply seems averse to doing so where it does more good for his countrymen than it does for a contributor to his cause.
( Original Aritcle )
By Ed Lasky
( Original Aritcle )
by Tom McGregor
When it comes to Middle East policy, President Barack Obama claims, “I’ve got no doctrine.” Nevertheless, many of the talking points and key issues that he raises in regards to Arab issues are remarkably similar to the statements made by the website of the Center for American Progress, which is a think tank largely funded by billionaire currency and oil speculator and hedge fund trader, George Soros, a financier of global leftist political organizations.
Obama said, “I think it’s important not to take this particular situation and then try to project some sort of Obama Doctrine that we’re going to apply in a cookie-cutter fashion across the board. Each country in this region is different. Our principles remain the same.”
As reported by Politico, “Obama called Libya a ‘unique situation’ and said that he isn’t ‘going to go around trying to use military force to impose or apply certain forms of government.’ He added, ‘We may not be applying the same tools in each country, in every case.”
Additionally, Obama provided this answer when asked if he’s pondering arming Libyan rebels: “I’m not ruling it out. But I’m also not ruling it in.”
( Original Article )
States and regions across the country are working tirelessly to realize President Obama’s vision for American high-speed rail. And on Friday, I had the pleasure of joining Nevada Senator Harry Reid to announce that construction on the DesertXpress corridor between Las Vegas and Southern California will soon get underway.
DesertXpress promises travel times of 85 minutes between Victorville, California, and Las Vegas, Nevada. This cuts the existing drive–three hours under the best conditions and nearly twice as long in traffic–in half. Sitting in congestion for four, five and even six hours along I-15 is especially brutal for travelers paying sky high gas prices.
But high-speed rail means much more than a shorter trip from California to Las Vegas. It means jobs, and it means reinvigorated American manufacturing.
Already, 30 rail companies from around the world have pledged that, if they’re selected for high-speed rail contracts, they will hire American workers and expand their bases of operations in the United States. And the administration’s 100 percent “Buy America” requirement will generate a powerful ripple effect throughout the supply chain.
Just think about the possibility. Factory workers building electric-powered trains. Engineers laying new track. Conductors, operators and ticket-takers helping passengers speed to their destinations. Americans of every trade advancing down the track to a better future.
And those are just the direct ripple-effects. High-speed rail also means economic development. As Nevada Senator Harry Reid said:
“This announcement brings us one small step away from tens of thousands of new jobs not only through the project’s construction, but by boosting our tourism. This line will connect tourists from southern California to our state’s great attractions like the Las Vegas Strip and the Hoover Dam. This announcement is excellent news for our state’s economic recovery.”
DesertXpress will give people a safe, convenient transportation alternative to the notoriously congested I-15. And in a time of enormous economic challenge, it will create quality jobs.
This is the promise high-speed rail offers communities across the country. This is how America wins the future.
- Now Obama Wants To Build A $5 Billion Bullet Train From Las Vegas To Nowhere (businessinsider.com)
- Amanda Carpenter destroys Harry Reid’s “Rail Solyndra” – in 140 character chunks (erickbrockway.com)
March 24, 2011
Offshore Marine Service Association
The Obamatorium on Offshore Drilling: 301 Days and Counting
After two years of practicing unrepentant contempt for science, jobs, law and truth, why should Interior Secretary Ken Salazar’s words mean anything anymore? While President Obama promotes offshore drilling overseas thousands of miles away in Brazil, Salazar now promises to revitalize America’s oil and gas industry. It’s like Jack “Dr. Death” Kevorkian promoting himself as a lifesaving CPR specialist.
This week, Salazar announced that the administration has just approved the first deepwater oil and gas exploration plan since last spring’s BP/Deepwater Horizon oil spill. Mind you: This is not a granting of permits, but a green light for Shell Offshore to seek drilling permits for three new exploratory wells off the Louisiana coast. Shell first submitted and received approval for its original exploration plan in 1985 — 26 red tape-wrapped years ago.
Salazar’s make-believe resurrection of American offshore and onshore drilling began a few weeks ago, when the Interior Department Bureau of Ocean Energy Management, Regulation and Enforcement issued a deepwater drilling permit to Noble Energy for a well at the Santiago project about 70 miles off the Louisiana coast. But as Louisiana political analyst and blogger Scott McKay pointed out, “This isn’t a permit for a new project. The permit issued to Noble was for a bypass of an obstruction in a well they’d already drilled before the Deepwater Horizon accident. It took 314 days to get that well back online with this administration.”
Nevertheless, Obama oil czar Michael Bromwich claimed credit for the decision and insisted the project be treated as a new well. So this is how Democrats win the future: crushing industries with one hand while patting themselves on the back for saving them.
The measly Noble Energy permit approval came months after the Obama administration purportedly “lifted” its junk science-based drilling moratorium — and only after federal courts repeatedly spanked Salazar and the White House for their “determined disregard” of judicial orders and “increasingly inexcusable” action on stalled deepwater drilling projects.
More than a month ago, U.S. District Judge Martin Feldman ordered the Obama administration to decide within a month whether to grant a set of five permits for deepwater drilling projects in the Gulf of Mexico. Feldman wrote that the foot-dragging administration’s “time delays at issue here are unreasonable” and told the feds to act in an “expeditious” manner to “restore normalcy to the Gulf region and repair the public’s faith in the administrative process.”
The Obama administration’s response? Last week, just under the wire on the judicial time limit, the White House won a stay from the 5th Circuit Court of Appeals. Delay, baby, delay.
Unsurprisingly, the man who misled the public about scientists’ support for his overreaching moratorium now faces more charges of data doctoring. Louisiana GOP Sen. David Vitter called out Salazar and Bromwich for publicly low-balling drilling application figures. While the pair informed Congress that the administration has received fewer than 50 shallow water permits and that only six to seven deepwater permits are pending, the Obama Justice Department asserted in legal filings that “there are 270 shallow water permit applications pending, and 52 deepwater permit applications pending.” Which is it?
Jim Adams, president and CEO of the Offshore Marine Service Association (OMSA), further skewered Salazar’s book-cooking on the permit-orium: “There were 32 deepwater drilling operations already permitted when the president imposed his moratorium last year. Interior Secretary Salazar is merely allowing existing permit holders to resume their operations.”
OMSA reports that there are more than 100 deepwater development plans that have yet to be cleared to even become eligible for a permit. Salazar is “treating Gulf workers like peasants, tossing us work crumb by crumb and expecting us to be grateful,” Adams said. “We’re tired of fighting for scraps. We want to get back to work — all of us, not just a handful of crews.”
At least 13,000 jobs have been lost, according to Louisiana State University professor Joseph Mason’s latest estimates. Isn’t it high past time to send Salazar and his misery-inducing eco-radicals packing? How about exporting them to Brazil?
If Chávez loses access to his oil money the way Qadaffi did he will have an impossible task in the 2012 election and may have to resort to military rule, which would put him in the same place as Qadaffi is in today
To prevent a civilian bloodbath in Libya, the United Nations is imposing economic sanctions, a no-fly zone, and direct attacks on Qadaffi’s military. Member states from Africa and the Arab world have joined the UN coalition including Europe and the US. While a few countries abstained the rest of UN Security Council was unanimous on stopping Qadaffi, who is seen worldwide as a war criminal. All this is bad news for Chávez, not only because he has praised Qadaffi to the rafters as a paragon of human rights -a truly surreal assertion- but also because of what this means about Chávez and Iran.
Iran is also being sanctioned for nuclear proliferation activities and Venezuela is disregarding those sanctions by delivering oil and allegedly nuclear weapons materials such as uranium or hidden cash to pay for these illegal items. Iran says it is building a harmless nuclear power plant but UN inspectors believe differently -it’s the Iraq case with Saddam Hussein all over again. Chávez is a staunch defender of Iran who sticks his finger in the eye of the US at every opportunity on this issue. But with peaceful nuclear power plants creating havoc in Japan after the earthquake and tsunami, plus the UN acting tough for the first time in decades on a war criminal, Chávez is finding virtually no world support for his pro-Iran, pro-Qadaffi, pro-war position. The US Congress, Treasury Department and State Department are taking a second look at Chávez as a state sponsor of terror and violator of sanctions.
The penalty for sanctions violations could radically reduce income of Citgo and Pdvsa, the only cash cows Venezuela owns, and both of which have already been looted of money and knowledge by the Chávez government. If Chávez loses access to his oil money the way Qadaffi did he will have an impossible task in the 2012 election and may have to resort to military rule, which would put him in the same place as Qadaffi is in today. You’d think that someone who had a trillion dollars pass thru his hands since 1999 and who gave 100 million dollars to buy influence around the world would be less isolated than that.
( Original Article )
By Larry J. Richardson
For U.S. energy security, the best antidote to curtailed oil production in North Africa and the Middle East lies in North America. We have billions of barrels of oil beneath the ground and in deep water off the U.S. coast and in the vast Athabasca oil-sands formations in Canada.
It would be hard to overestimate the importance of oil resources in this part of the world, especially the potential for increased imports from our friendly neighbor to the north, what with the conflict in Libya threatening to spread to other oil- producing countries from the Mediterranean to the Persian Gulf.
The fact is that the Middle East holds 57 percent of the world’s total oil reserves and 30 percent of global oil production. The United States relies on oil imports for almost two-thirds of its needs, but just 20 percent of the imports come from the Middle East. Nonetheless, because oil is a world commodity, Americans are not immune to shortages or soaring prices.
What is clear is that we urgently need an energy policy to protect us against the possibility that Middle East imports might be curtailed. Until the time comes when the U.S. auto fleet is fueled by electric batteries and homes are heated with geothermal and solar energy, we are going to need oil. If we don’t produce it in the United States, more oil will need to be imported from abroad.
Yet the Obama administration has forbidden drilling in new offshore areas and hasn’t done enough to expedite the issuance of permits for oil production on land. An estimated 116 billion barrels of oil underlie federal areas, on land and offshore. Keeping the oil in the ground is not doing us any good.
Nor is it clear why the U.S. State Department has yet to approve plans for a major pipeline that would carry Canadian oil to refineries in Texas, where it would be turned into petroleum products like gasoline and diesel for use around the United States. You can be sure that if we don’t make use of Canadian oil, China and other Asian countries will.
Without Canadian oil, we would be even more dependent on the Middle East. In fact, Canada is currently our No. 1 source of imported oil, supplying 2.5 million barrels daily. But with the planned Keystone XL pipeline, Canada’s oil shipments to the United States are projected to double by 2020, reaching 5 million barrels a day, 40 percent of U.S. imports.
Canada is home to the Athabasca oil sands in northern Alberta. They hold an estimated 1.7 trillion barrels of oil, more than double Saudi Arabia’s oil reserves, of which 173 billion barrels can be produced with existing technology. Today, crude oil made from oil sands accounts for half of the oil we import from Canada.
So why do we tie ourselves in knots when we have an opportunity to import more Canadian oil to meet our needs? And why pretend we don’t need oil off the Atlantic Coast and in the eastern Gulf of Mexico? Or that we can do without oil in the Arctic National Wildlife Refuge?
Anyone who questions oil’s position in the global economy, and why it is still the single most important source of energy, should keep in mind that the U.S. Department of Energy and the International Energy Agency estimate that global energy use will increase about 50 percent by 2030 — with oil still providing 30 percent or more of the energy in the United States and the world.
We’re doing the best we can in Kansas to find more reserves, but we need all the help we can get to mitigate what is becoming a national problem.
Larry J. Richardson of Derby is a petroleum geologist.
( Original Article )