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Southwest Louisiana: Magnolia LNG Project to Boost Jobs

Gov. Bobby Jindal and Maurice Brand, Magnolia LNG Managing Director and Joint Chief Executive Director, announced the company’s plans to develop a $2.2 billion natural gas liquefaction production and export facility at The Port of Lake Charles.

The LNG project would create 45 new permanent jobs, with an average salary of $75,000 per year, plus benefits. LED also estimates the project would result in 175 new indirect jobs. In addition, the LNG project would require an estimated 1,000 construction jobs.

The company expects to make a final investment decision to move forward with the project in late 2014, after it secures permits and completes financing. The mid-scale LNG facility would be located on 90 acres at the port’s Industrial Canal, off the Calcasieu Ship Channel. Magnolia LNG would produce 4 million metric tons of liquefied natural gas per year, and construction would begin in 2015 pending the company’s attainment of permits and final financing.

Gov. Jindal said, “Magnolia LNG’s decision to move forward in developing a new LNG facility is great news for our state. Magnolia is the latest company that is choosing to invest in Louisiana because we have one of the best business climates in the country and we are continuing to foster an environment where companies want to create jobs.

“We’ve fostered a strong business climate because we have overhauled our ethics laws, revamped workforce development programs, eliminated burdensome business taxes, instituted reforms to give every child an opportunity to get a great education, and now we are taking on tax reform in order to make Louisiana the best place in the world for businesses to invest and create jobs for our people. In addition to our strong business climate, Louisiana’s abundance of natural gas, pipelines and accessible waterways, as well as our outstanding workforce, were key factors in Magnolia’s decision to choose our state. Facilities like these will help create and sustain thousands of jobs in the energy industry across our state and will ensure quality jobs for Louisiana families for years to come.”

Magnolia’s project would be positioned for direct access to several existing gas pipelines. Using its patented Optimized Single Mixed Refrigerant process, or OSMR™, Magnolia LNG would produce liquefied natural gas more efficiently with fewer emissions than other LNG processes. OSMR adds conventional combined heat and power technology with industrial ammonia refrigeration to enhance the performance of the liquefaction process. Magnolia LNG would distribute to domestic markets as well as countries that have free trade agreements with the U.S. The company also will explore a potential expansion to 8 million metric tons per year in the future.

“Southwest Louisiana’s attractive infrastructure and strong workforce made Lake Charles an ideal location for our planned facility,” Brand said. “We especially want to thank the Port of Lake Charles Commission for their partnership in identifying such an ideal location for this project. Whilst the company remains focused on securing the appropriate contracts, agreements and permits, we expect to commence construction of our first U.S. venture by 2015.”

Magnolia LNG will seek federal Department of Energy free trade agreement approval in 2013. The company will submit a pre-filing application to the Federal Energy Regulatory Commission in March, before it completes the selection of project partners by June 2013. The company plans to begin hiring in early 2015, with commercial operations to begin in 2018.

“The Port of Lake Charles has been able to provide a unique combination of location, infrastructure and transportation capabilities to help bring this project to the region,” said Port Executive Director Bill Rase. “Magnolia LNG will be a significant and welcome addition to Southwest Louisiana’s energy corridor. The Port’s staff and board of commissioners look forward to doing business with the company.”

LED began working with Magnolia LNG in late 2012. The company’s proposed 90-acre site would include a long-term lease with The Port of Lake Charles. When Magnolia decides to proceed with construction, the company is anticipated to make use of LED incentive programs, such as the Quality Jobs Program and Industrial Tax Exemption Program.

“This project is another demonstration of our capacity for strengthening Southwest Louisiana and the state to become a stronger energy producer,” said President and CEO George Swift of the Southwest Louisiana Economic Development Alliance. “We are appreciative of Magnolia LNG to make this investment in our region and for the Port of Lake Charles to once again to serve as the catalyst for this project. We look forward to their final investment decision next year.”

Magnolia LNG Project to Boost Jobs, USA LNG World News.

Fear, Everywhere, Fear

By Alan Caruba

If my emails and the headlines I am reading indicate anything, there is widespread fear among Americans that something terrible has occurred with the reelection of President Obama. Not all Americans, though. Those who voted for Obama appear to remain oblivious despite the threat of a “fiscal cliff” or the new taxes in Obamacare that will kick in on January 2nd.

We have a Secretary of the Treasury, Timothy, Geithner, calling for an end to debt ceilings, apparently believing that America can continue to borrow money to pay for the interest on its escalating debt, now pegged at $16 trillion and growing daily. The U.S. borrows $4 billion a day. Anyone with a credit card knows that their payments increase as they struggle to deal with their personal debt. Eventually they either declare bankruptcy or turn to companies that negotiate a payment to release them.

If America was to default on its debt, the dollar, already in free fall, would be worth nothing. We would be bartering shiny beads and anything else to buy food and other necessaries. We would become Zimbabwe where you need a million of their dollars to buy a loaf of bread.

Writing recently on her Fox Business blog, Gerri Willis spelled out the huge rise in taxes Americans are facing. “All told, next year, total taxes will go to almost 50% for the middle class; the very group that the president says he wants to protect. That means 50 cents out of every dollar earned has to go to the government. Half of everything will go to an entity that didn’t earn that money, and shouldn’t be entitled to all that dough.”

What kind of madness is it that the Teamsters union would impose such senseless rules that it would weaken Hostess to the point of bankruptcy, preferring to let the company die rather than to protect the jobs of 18,500 bakers? Other unions are engaged in attacks on a weakened economy. What kind of nation is it that its government employees are lobbying Congress to not only increase their pay, but to exempt them from the impact of the spending cuts scheduled to kick in?

There is a full-scale attack on the privacy Americans have taken for granted, protected by the fourth Amendment that says “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated…”

On November 14th, the Heritage Foundation asked “Do you trust the government with your computer?” The government has had “13 breaches and failures of its own cybersecurity just in the last six months.” Even so, “the President and his allies in the Senate are pushing forward to regulate America’s cyber-doings, without any clues about how much this will cost or how it will work.”

“It has become the norm with this President—if Congress fails to accomplish his objectives, he goes around it with executive orders and federal regulations. He’s doing it again. Congress did not pass the Cybersecurity Act of 2012 before the election, so the President has issued a draft of an executive order to put much of that legislation in place without lawmakers voting.”

This is the very essence of tyranny and the President has had four years to perfect it. Are conservative think tanks the only ones paying any attention? It would appear so.

A new proposed law in the Senate would strip Americans of any privacy as they communicate with one another by email. A vote for the law would allow warrantless access to American’s email and is scheduled for a vote shortly. It would allow 22 federal agencies as well as state and local law enforcement to access one’s emails with nothing more than a subpoena. This is totally unconstitutional.

Already $16 trillion in debt, the government is looking for ways to take over the $3 trillion that is held in private retirement plans such as 401(k) plans and IRA’s. A recent hearing by the Treasury and Labor Departments addressed the nationalization of the nation’s pension system. The director of the National Senior’s Council, Robert Crone, warns “It is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”

As we move closer to an Electoral College vote confirming Obama’s reelection, whistleblowers are coming forth in Ohio, Florida and elsewhere to reveal that significant voter fraud was a contributing factor, but it receives little or no media coverage. One must ask how 99% of votes in Philadelphia districts went to Obama and ask why nothing is being done to investigate this and other offenses such as the 141.1% of the vote recorded in Florida’s St. Lucie County. That is statistically impossible, but it robbed Rep. Allen West (R) of his seat in Congress.

This isn’t government. It is gangsterism. It is “the Chicago way.”

The monster Homeland Security Agency just graduated its first class of FEMA Corps, kids aged 18-24, recruited from the President’s Americorps volunteers, that will become a full time, paid standing army. Fears of FEMA camps abound and in the aftermath of Hurricane Sandy, people seeking shelter and food were herded into one that resembled a concentration camp of the Nazi regime and told not to use various means of communication to contact the media or outside community. They went from hurricane victims to prisoners of the government.

In so many ways, the freedoms protected by the U.S. Constitution are in danger of disappearing along with the separation of powers it requires.

Little wonder that citizen’s petitions from a growing number of states are called for secession. Or that governors are refusing to set up the Obamacare exchanges required by a law that has taken control of twenty percent of the nation’s economy; their budgets held hostage to Medicaid.

On an individual level, people who have jobs are fearful of losing them. College graduates are fearful of the huge debt they carry for the loans they received. People wonder if they can afford to get married. Married couples fear the cost of having another child. Homeowners fear not being able to pay their mortgages. Seniors fear that their savings won’t last as they live longer.

There is ample reason to fear not only the collapse of the nation’s economy, but the loss of liberty in America.

© Alan Caruba, 2012

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Desperately avoiding Obamanomics and Obamacare

Mitt Romney can’t let Barack Obama get away with it

http://media.washtimes.com/media/image/2012/05/08/b1wolflg_s160x215.jpg?580b49f1a0d308debfb00e7d0304d44cf4d12d4c

By Dr. Milton R. Wolf
The Washington Times
Tuesday, May 8, 2012

The intertwined strands of evil DNA – Obamanomics and Obamacare – will determine the outcome of the 2012 election, and Barack Obama knows it. That’s why he desperately wants to talk about something else. Anything else. A failed stimulus. Shovel-ready jobs that even President Obama later admitted don’t exist. Auto takeovers. Bank bailouts. Mythical green jobs. And a historic American credit downgrade. Obamanomics has become the science of downward-sloping graphs.

Officially, America is in the third year of recovery from the Great Recession, but try convincing voters of that. The average unemployment rate in Mr. Obama’s first three years was 9.3 percent. Surely, somehow that must be the fault of President George W. Bush, whom Democrats mocked in 2004 as delivering a “jobless recovery” even though the average unemployment rate in his eight years was 5.3 percent.

The real unemployment rate, when you include the underemployed and those who’ve simply given up looking for jobs that just aren’t there, is almost 15 percent. Since Obamanomics was unleashed – increased taxes, increased regulations, wildly increased spending and weak-dollar monetary policy – a million fewer jobs exist in America, median household income has dropped nearly 10 percent, housing prices have hit an almost 10-year low, gas prices have doubled, a record number of Americans are on food stamps, and the federal debt races toward $16 trillion (around $140,000 per taxpayer).

The only way out of this abyss is, of course, private-sector economic growth. In the aftermath of the recession of the early 1980s, for example, President Reagan’s economic strategy was exactly the opposite of Mr. Obama‘s: lower taxes, lower spending as a percentage of gross domestic product (GDP), reduced regulations and strong-dollar monetary policy. That produced an average GDP growth rate of 7.1 percent. Now, three years into Obamanomics, America’s GDP growth rate has slowed to a crawl: 2.2 percent.

The administration would like you to think we’ve turned the corner, but calling our current economic status a recovery is like calling the product of a Kim Kardashian wedding a marriage. Technically, it meets the definition, but, come on, nobody’s buying it.

As if the quagmire that is Obamanomics weren’t enough, the president dropped an anchor that not only sabotages his own recovery but threatens our nation’s long-term economic survival: Obamacare.

So thoroughly disastrous is Mr. Obama’s signature accomplishment that many Democrats are openly hopeful that the Supreme Court will rule Obamacare unconstitutional so it becomes less of an issue in the presidential election. Imagine that. Mr. Obama and the Democrats fiddled with Obamacare as America’s economy burned, and now they hope we will forget. We won’t.

The Obamacare house of cards is collapsing. Its price tag has doubled. Americans remain adamantly opposed to it. And the unkeepable promises have vanished like vapor on the wind: It would allow you to keep your current insurance and doctor and lower your monthly health insurance premiums. It would reduce the deficit and create millions of jobs. Lies all.

So what’s a president to do when his stimulus has failed and his health care takeover is even worse? Avoid them at all costs. Talk about anything else. Student loans. Birth control. Hooded sweatshirts. Heck, even talk about eating dogs.Anything besides the two issues that define his presidency and threaten our republic.

It’s Obamanomics and Obamacare, the intertwined strands of evil DNA, stupid.

Mitt Romney should avoid the temptation of chasing Mr. Obama down every side-issue rabbit hole. At every opportunity, he should drag him back to the main path. Whenever Mr. Romney is asked a question, whether in debates or by reporters or even at town-hall meetings, his answer should always include at least one of those two words: Obamanomics and Obamacare.

Question: Mr. Governor, should a woman’s access to birth control be a right?

Answer: The most effective way to assure access to products or services is to make them affordable through free-market competition. That’s how stores like Wal-Mart and Target provide birth control for just $9 a month. And the most moral approach is for people to freely choose to participate or not. Unfortunately, Obamanomics adds crushing burdens on American companies that drive up prices and therefore limit access. And Obamacare unbelievably forces women in churches to choose between their government and their God. American women are victimized by both Obamacare and Obamanomics.

That’s easy enough.

The 2012 election will be the most consequential of our lifetimes, probably of our children’s and our children’s children’s lifetimes. We will choose between Mitt Romney’s opportunity society and Barack Obama’s government-centered society. Voters deserve an election that addresses rather than avoids the important issues that will determine the difference.

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Van Jones Rallies with Hawaii’s Community Organizers for ‘Economic Fairness, Justice’ – and a State Bank

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Van Jones at the Hawaii State Capitol, March 20, 2012 (photo by Mel Ah Ching Productions)

Tuesday, March 20th, 2012
by Malia Zimmerman

BY MALIA ZIMMERMAN – Van Jones, President Barack Obama’s former green jobs adviser who heads the “Rebuild the Dream” organization, keynoted a rally and a “mass action event” at the Hawaii State Capitol Tuesday night to promote “economic fairness” and “economic justice.” (see the video here)

Environmental activists groups, a union, and the University of Hawaii organized the five-hour event to promote legislation that would establish a State Partnership Bank, or a “clean” and “green” bank, to fund green energy projects, as well as “highlight other legislation that would make the local economy more just and sustainable.”

If Hawaii lawmakers establish a state bank, it will be only the second one in the country, and in some proposals being floated at the capitol, the governor chairs the bank, union leaders serve as directors, and Democrat lawmakers appoint the remaining board. Republicans, who make up just 9 of 76 seats in the legislature, oppose the establishment of a state bank because they say the institution will be financed by taxpayers, will be led by political insiders and will loan money to people for projects that no private bank would authorize, but they are outgunned.

Jones, author of the New York Times bestseller The Green Collar Economy, said Hawaii is one of 10 stops on his tour of the “front lines of the fight for the future of this country.”

Van Jones in Hawaii (photo by Mel Ah Ching Productions)

Van Jones in Hawaii (photo by Mel Ah Ching Productions)

“Each of our 10 targeted urban, suburban, and rural stops across America will support a strategic state initiative, such as making corporations pay their fair share, and create a replicable model for grassroots action,” Van Jones proclaimed, stating the movement is a “cultural, political, spiritual and educational vehicle bringing together tens of thousands of everyday people in the movement for economic justice and a new economy.”

In his keynote, Jones did not directly address the bank legislation or other legislation pending in Hawaii. Instead he spoke of the dream being “under threat.”

“Not the American dream they talk about on TV,” Jones said. “There are two American dreams. One of them I call the ‘American fantasy.’ You know that one? Everyone is going to be rich. Everybody. And we’re all going to be able to ride out to the great white suburbs, get a McMansion, get flat-screened TV to cover up the holes in our lives. That is the American fantasy, which is turning out to be the American nightmare. It is dying out on its own accord – it deserves no defense and it will get no defense. I am glad that is going away. That was not serving anybody.”

Jones called out the people he called “dream killers in America” and “dream killers right here in Hawaii.”

About 400 people attended the March 20 capitol rally to hear Van Jones speak (Photo by Mel Ah Ching Productions)

About 400 people attended the March 20 capitol rally to hear Van Jones speak (Photo by Mel Ah Ching Productions)

“There are people who have taken the American dream and turned it upside down, inside out. The dream is supposed to be that you can work hard, play by the rules and get somewhere. But you and I both know right here in Hawaii, and across America, the people who are working the hardest and following the rules are the ones who are being left behind, the ones who are suffering the most, the ones who are hurting the most. And yet some people who are not working that hard at all, their investments work for them. And sometimes they break a lot of rules, especially on Wall Street.  But they are the ones doing well. That is taking the American dream upside down, inside out. That’s killing the dream.”

Jones, who served as an adviser to the White House Council on Environmental Quality for 6 months before resigning in September 2009 amid controversy over statements he made and alliances he had, briefly addressed his time in Washington DC.

“I was there for 6 months. Best 6 months of my life, followed by the worst two weeks. … What I saw there is why I am here today. I saw some of the most beautiful people, some of the most well intentioned people, some of the smartest people ever to serve in our government, be stopped in their tracks, stopped in their tracks, by people who mean us no good. People who claim to be patriots but seem to hate everybody in America.”

During an address that was videotaped earlier in 2009, he called Republicans “assholes”, but it was a petition he signed in 2004 endorsing the “9/11 truther” movement that caught many by surprise. Those supporting the truther movement believe President Bush and his administration were involved in the September 11, 2001 terror attacks on America.

Council Member Tulsi Gabbard spoke at the March 20 rally and thanked her 'pops' - Sen. Mike Gabbard - for passing the state bank legislation out of his energy committee that day. She is a Democratic candidate for Congress. (photo by Mel Ah Ching Productions)

Council Member Tulsi Gabbard spoke at the March 20 rally and thanked her ‘pops’ – Sen. Mike Gabbard – for passing the state bank legislation out of his energy committee that day. She is a Democratic candidate for Congress. (photo by Mel Ah Ching Productions)

Despite a rocky political past, which ended with the President accepting Jones’ resignation, he is still considered a rising star in the green-energy movement. Jones shared some of his feelings on his political opponents:

“That always struck me as strange. When I said I love America, I mean I actually love the people in America – the people who live in America. Some of them are brown, some of them are female, some of them are lesbian, gay, bisexual, transgender, some of them have bizarre piercings and tattoos, but I love them. How can you say you love America but then despise most of the people who live here. I don’t understand that politics. I don’t understand how you can say you love America and love the Statute of Liberty, but then not read the poem at the bottom that says “Give me your tired, Give me your poor, Give me your huddled masses who yearn to breathe free.” The way I was raised. You can’t be an anti immigrant bigot and a patriot at the same time. They don’t go together. They don’t go together. Not in my America. They don’t go together.”

Hoping to capitalize on the energy and excitement many Hawaii Democrats experienced in 2008 when Obama won the presidency, Jones said: “What happened to all that hope? What happened to all that beauty? What happened to all that spirit? Did the people leave the planet? Was there a rocket ship I missed? Did people join that other party with the warm beverage – what is it – the coffee party? No we’re still here. We’re still here. And we still have each other. We still have each other. No one can take that from us.”

Jones said he looked forward to being in Hawaii because “it is a community working hard to shape an economy that honors people’s environmental, social, and cultural concerns.”

“We also hope the Revivals to build a base of informed and engaged citizens ready to carry their ideas into the 2012 election cycle,” he said.

Gov. Neil Abercrombie attends Van Jones speech at the Hawaii Capitol (Photo by Mel Ah Ching Productions)

Gov. Neil Abercrombie attends Van Jones speech at the Hawaii Capitol (Photo by Mel Ah Ching Productions)

Faith Action for Community Equity (FACE) Hawaii, a group of community organizers affiliated with various local religious groups, co-chaired the event. Other sponsors included Kanu Hawaii, Sierra Club, UNITE HERE Local 5, University of Hawaii, Blue Planet, and Surfrider Foundation. Council member Tulsi Gabbard, who is a candidate for Congress in the upcoming Democratic primary, spoke at the rally.

Also in attendance at the rally that attracted around 400 people were several Democratic lawmakers, including Tulsi’s father, Senator Mike Gabbard, who earlier that day passed the bank legislation out of his energy committee, as well as Senator Roz Baker, Senator Will Espero and Gov. Neil Abercrombie.

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Chart of the Day: Drill, Drill, Drill = Jobs, Jobs, Jobs

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Professor Mark J. Perry’s Blog for Economics and Finance

While the overall economy struggles to create jobs during another “jobless recovery,” it’s been a much rosier employment picture in one of America’s most successful “shovel-ready” job-creating industries: Oil and Gas Extraction.
The chart above displays the monthly percentage changes in employment levels since January 2007 for oil and gas extraction jobs compared to total nonfarm payroll jobs.  As of January 2012, payroll employment is 3.3%, and 4.7 million jobs, below the month of January five years ago.  In contrast, the explosion of new oil and gas jobs has increased employment in that industry by about 1/3 since January 2007.  Over the last 12 months, oil and gas companies have added 23,200 new workers, at a rate of almost 100 new hires every business day.

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