Daily Archives: November 28, 2012
Delek Group gas subsidiaries announced that the Pre-FEED stage of Tamar and Dalit floating liquefied natural gas project (FLNG), off the coast of Israel, has now been successfully completed.
Therefore, the Tamar partners decided to begin the second phase-front-end engineering design (FEED). LNG production is expected to be up to 3 MMTPA. In accordance to that, Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) signed an agreement with Levant LNG Marketing and Pangea LNG BV for the completion of the FEED stage.
DSME will carry out the costs of FEED and Tamar partners will contribute a total amount of $15 million (100%). The agreement has been set for two years, or until the date of the final investment decision of the FLNG project, whichever is earlier.
- Pangea LNG Continues its Development of Mediterranean Floating LNG Export Project (prnewswire.com)
- Australia: KBR Secures Bonaparte FLNG Design Work (worldmaritimenews.com)
- Global Market for Floating Production Systems to Reach $91 Billion; More Than $28 Billion in Global FLNG Liquefaction Spending (sacbee.com)
- Israel Corp, Tamar Oil Partners Sign $4 Billion Gas Contract (jewishpress.com)
By Alan Caruba
What if I told you that the government was blocking America’s prosperity in the form of enormous untapped energy reserves that represent wealth and jobs that would once again put America on the path to fiscal security and growth?
Recently, Matt Vespa, on CNS.com reported that the International Energy Agency released a report that said the United States has the capacity to outpace Saudi Arabia as one of the world’s leading producers of oil. It projected that the U.S. could become a net oil exporter around 2020. It could become entirely self-sufficient.
Even so, the Obama administration just moved to cordon off 1.6 million acres estimated to represent one trillion barrels worth of oil in the name of conservation. At the same time, the Environmental Protection Agency is moving to so encumber hydraulic fracturing—fracking—with so many regulations it will thwart increased use of this extraction technology that has been safely in use for decades.
As Dan Kish, Senior Vice President for Policy at the Institute for Energy Research, warns, there is a major government effort “to federalize hydraulic fracturing regulation” which is already being done by states “in a very professional and knowledgeable way. Take fracking away, the oil and gas production drops.”
For years, through many administrations, the federal government has been doing everything in its power to restrict drilling domestically and off-shore where billions of barrels of oil remains untapped. In October, a Wall Street Journal editorial noted that “The latest example is the Interior Department’s little-noticed August decision to close off from drilling nearly half of the 23.5 million acre National Petroleum Reserve in Alaska.”
As far back as 1976, Congress designated the Reserve a strategic oil and gas stockpile to meet the “energy needs of the nation”, but oil and gas that is not extracted meets no needs. It keeps the nation dependent on imported oil and gas. In an August 22 letter to Interior Secretary Ken Salazar from the entire Alaska delegation in Congress called it “the largest wholesale land withdrawal and blocking of access to an energy resource by the federal government in decades.”
Noting that “Most of the other 11.5 million acres are almost indistinguishable from the acreage owned by the state that is being drilled safely nearby” the Journal pointed out that drilling on privately owned land has seen North Dakota pass Alaska as the second highest oil-producing state behind Texas.”
According to the Congressional Research Service, “The federal government owns roughly 635-640 million acres of the land in the United States. Four agencies administer 609 million acres of this land; the Forest Service in the Department of Agriculture, and the National Park Service, Bureau of Land Management, and Fish and Wildlife Service, all in the Department of the Interior.” The Bureau of Land Management manages 248 million acres and is responsible for 700 million acres of subsurface mineral resources.
Mostly by stealth, more and more privately owned land is being purchased by the federal government. In September 2011, Audrey Hudson, writing for Human Events, reported that “The Obama administration is spending $35 million to buy 30,000 acres of private property across the U.S. this year to make permanent homes for mice, fairy shrimp, mussels, prairie bushes and beetles. Those are just some of the 70 critters and plants to benefit from the land purchases in a dozen states as part of the government’s habitat conservation plans for endangered species.”
Quoting Rob Gordon of The Heritage Foundation, Hudson reported that “The federal government already owns more land than Germany, France, the United Kingdom, Spain, Italy, and Poland combined.” The Endangered Species Act is just an excuse to secure ownership of more land and, in particular, to restrict development of every description from housing to hospitals.
Instead of a future in which our oil and gas reserves could unleash all manner of economic growth and the generation of thousands of new jobs, Ben Wolfgang, reporting in the November 22 edition of The Washington Times, “The drilling process that has brought the U.S. energy independence within reach faces renewed scrutiny from the Obama administration and an uncertain future in many states.”
“Next month, the Environmental Protection Agency is expected to release a draft of its long-awaited report on suspected links between water pollution and fracking, which uses huge amounts of water, combined with sand and chemical mixtures, to crack underground rock and release trapped oil and gas.” Fracking, however, occurs well below underground water levels and has been shown to have no effect on it.
What we are witnessing is the deliberate effort by the Obama administration, in concert with earlier administrations, to deny the economic benefit of tapping the nation’s vast reserves of oil and gas domestically and off-shore. This was evident, as well, in the President’s decision about the XL Keystone pipeline on the grounds that it threatened aquifers if allowed to proceed. Thousands of jobs were lost in that single decision with no evidence of the truth of the assertion.
As the nation sinks further into economic decline and default, it is obvious that the nation’s energy sector is being thwarted at a time when it holds the promise of lifting it out of growing unemployment, higher energy costs, and the drumbeat of utterly false environmental claims about greenhouse gas emissions.
© Alan Caruba, 2012
Alan Caruba’s commentaries are posted daily at “Warning Signs” and shared on dozens of news and opinion websites. His blog recently passed more than 2 million page views. If you love to read, visit his monthly report on new books at Bookviews. For information on his professional skills, Caruba Editorial Services is the place to go! You can find Alan Caruba on both Facebook and Twitter as well.
- Noble Energy Makes Oil Discovery at Big Bend Prospect in U.S. Gulf (mb50.wordpress.com)
- China planning ‘huge fracking industry’ (guardian.co.uk)
- The Poisonous Presidency (papundits.wordpress.com)
- Edwards: Drilling bills are expected this session (times-news.com)
The American Waterways Operators, National Waterways Conference, Waterways Council, Inc., and 15 other national organizations submitted a letter to President Obama and the Federal Emergency Management Agency requesting a presidential declaration of emergency and seeking “immediate assistance in averting an economic catastrophe in the heartland of the United States.”
The request was made pursuant to section 501(b) of the Stafford Act.
The letter calls attention to the worsening situation on the Mississippi River which has already seen near historic low water levels that have restricted barge traffic on the nation’s critical water transportation artery since this summer. The existing crisis has been heightened even further as the U.S. Army Corps of Engineers has begun the reduction of water to the Mississippi River from dams on the upper Missouri River.
Alarmed that as the effects of reduced flows from the Missouri River are felt downstream and rock pinnacles are exposed near Thebes and Grand Tower, Illinois, significantly impairing the flow of commerce by mid-December, the groups are requesting that the President declare an emergency and direct the U.S. Army Corps of Engineers to immediately remove the rock pinnacles and release such water from the Missouri River reservoirs as is necessary to preserve a nine-foot channel on the Mississippi River to sustain commercial navigation.
The groups warn that the economic impacts of a Mississippi River closure would be dire, placing $7 billion in key products such as corn, grain, coal, petroleum, chemicals and other products at risk in December and January alone, including:
– Over 7 million tons of agricultural products worth $2.3 billion;
– Over 1.7 million tons of chemical products worth $1.8 billion;
– 1.3 million tons of petroleum products worth over $1.3 billion;
– Over 700,000 tons of crude oil worth $534 million; and
– 3.8 million tons of coal worth $192 million.
Recognizing the importance of the Mississippi River as a critical national transportation artery and economic cornerstone, Missouri Governor Jay Nixon, Illinois Governor Pat Quinn, and Iowa Governor Terry Branstad, as well as 15 U.S. Senators and 62 members of the U.S. House of Representatives, have written the Administration calling attention to the severity of the situation and urging action to keep the river open to navigation.
“The time for action is now, because once the water levels on the Mississippi drop, this will be an even harder problem to solve,” said Tom Allegretti, AWO’s President & CEO. “An emergency declaration is needed now to allow the swift removal of the rock pinnacles and assurance of sufficient flows from the Missouri River while the rock removal work is taking place, both needed measures to ensure the Mississippi River can remain open at a sufficient depth to keep waterborne commerce flowing.”
“Understanding the consequences of further impairment, or certainly cessation of Mississippi River navigation during the critical winter months, this situation necessitates immediate action,” said Amy Larson, NWC President & CEO. “This can be done in a balanced and measured manner respecting other river interests, but it simply must be done.”
“The ripple effect of failing to efficiently move $7 billion in key commodities would be staggering,” said Mike Toohey, President and CEO of WCI. “The most immediate effects would be felt up and down the river, but would spread quickly from those that work on the river to those that ship on the river to manufacturing workers and eventually to all of us as consumers. This is an economic disaster in the making and the Administration needs to act now to stop it.”
- Businesses still worried about drought’s effect on Missouri, Mississippi rivers (thegazette.com)
- Senators ask Obama to protect river (rapidcityjournal.com)
- Drought-Parched Mississippi River is Halting Barges – Bloomberg (bloomberg.com)
- Ag in the AM: Mississippi River levels falling (wqad.com)
19.11.2012 By Xavier Lerma
Putin in 2009 outlined his strategy for economic success. Alas, poor Obama did the opposite but nevertheless was re-elected. Bye, bye Miss American Pie. The Communists have won in America with Obama but failed miserably in Russia with Zyuganov who only received 17% of the vote. Vladimir Putin was re-elected as President keeping the NWO order out of Russia while America continues to repeat the Soviet mistake.
After Obama was elected in his first term as president the then Prime Minister of Russia, Vladimir Putin gave a speech at the World Economic Forum in Davos, Switzerland in January of 2009. Ignored by the West as usual, Putin gave insightful and helpful advice to help the world economy and saying the world should avoid the Soviet mistake.
Recently, Obama has been re-elected for a 2nd term by an illiterate society and he is ready to continue his lies of less taxes while he raises them. He gives speeches of peace and love in the world while he promotes wars as he did in Egypt, Libya and Syria. He plans his next war is with Iran as he fires or demotes his generals who get in the way.
Putin said regarding the military,
“…instead of solving the problem, militarization pushes it to a deeper level. It draws away from the economy immense financial and material resources, which could have been used much more efficiently elsewhere.”
Well, any normal individual understands that as true but liberalism is a psychosis . O’bomber even keeps the war going along the Mexican border with projects like “fast and furious” and there is still no sign of ending it. He is a Communist without question promoting the Communist Manifesto without calling it so. How shrewd he is in America. His cult of personality mesmerizes those who cannot go beyond their ignorance. They will continue to follow him like those fools who still praise Lenin and Stalin in Russia. Obama’s fools and Stalin’s fools share the same drink of illusion.
Reading Putin’s speech without knowing the author, one would think it was written by Reagan or another conservative in America. The speech promotes smaller government and less taxes. It comes as no surprise to those who know Putin as a conservative. Vladimir Putin went on to say:
“…we are reducing taxes on production, investing money in the economy. We are optimizing state expenses.
The second possible mistake would be excessive interference into the economic life of the country and the absolute faith into the all-mightiness of the state.
There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results.
Unreasonable expansion of the budget deficit, accumulation of the national debt – are as destructive as an adventurous stock market game.
During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself.”
President Vladimir Putin could never have imagined anyone so ignorant or so willing to destroy their people like Obama much less seeing millions vote for someone like Obama. They read history in America don’t they? Alas, the schools in the U.S. were conquered by the Communists long ago and history was revised thus paving the way for their Communist presidents. Obama has bailed out those businesses that voted for him and increased the debt to over 16 trillion with an ever increasing unemployment rate especially among blacks and other minorities. All the while promoting his agenda.
“We must seek support in the moral values that have ensured the progress of our civilization. Honesty and hard work, responsibility and faith in our strength are bound to bring us success.”- Vladimir Putin
The red, white and blue still flies happily but only in Russia. Russia still has St George defeating the Dragon with the symbol of the cross on its’ flag. The ACLU and other atheist groups in America would never allow the US flag with such religious symbols. Lawsuits a plenty against religious freedom and expression in the land of the free. Christianity in the U.S. is under attack as it was during the early period of the Soviet Union when religious symbols were against the law.
Let’s give American voters the benefit of the doubt and say it was all voter fraud and not ignorance or stupidity in electing a man who does not even know what to do and refuses help from Russia when there was an oil spill in the Gulf of Mexico. Instead we’ll say it’s true that the Communists usage of electronic voting was just a plan to manipulate the vote. Soros and his ownership of the company that counts the US votes in Spain helped put their puppet in power in the White House. According to the Huffington Post, residents in all 50 states have filed petitions to secede from the Unites States. We’ll say that these Americans are hostages to the Communists in power. How long will their government reign tyranny upon them?
Russia lost its’ civil war with the Reds and millions suffered torture and death for almost 75 years under the tyranny of the United Soviet Socialist Republic. Russians survived with a new and stronger faith in God and ever growing Christian Church. The question is how long will the once “Land of the Free” remain the United Socialist States of America? Their suffering has only begun. Bye bye Miss American Pie! You know the song you hippies. Sing it! Don’t you remember? The 1971 hit song by American song writer Don McLean:
“And, as I watched him on the stage my hands were clenched in fists of rage.
No angel born in Hell could break that Satan’s spell
And, as the flames climbed high into the night to light the sacrificial rite, I saw…
Satan laughing with delight the day the music died
He was singing, bye bye Miss American Pie
Drove my Chevy to the levee, but the levee was dry
Them good ol’ boys were drinking whiskey and rye, singing…
This’ll be the day that I die
This’ll be the day that I die
So, the question remains:
How long will America suffer and to what depths?
- Pravda: Bye, Bye, Miss American Pie… The Communists Won in America With Obama (thegatewaypundit.com)
- Pravda: Obama re-elected by ‘illiterate society’ (wnd.com)
- Soviet Media “Pravda” Lectures US on Its Choice of Obama (usdailyreview.com)
- Pravda: ‘Communist’ Obama Reelected By ‘Illiterate Society’ (mikesright.wordpress.com)
- Obama’s Soviet Mistake (english.pravda.ru)
- Irony: Russian News Claims ‘Communists Won In America With Obama’ (freedomoutpost.com)