Archive for the ‘oil’ Category

What California, Pelosi, Waxman, Feinstein and Schwarzenegger Can’t Ignore: Except They’ve Already Proven Stupidity

May 22, 2009

How could California’s politicians turn the land of milk and honey into a candidate for bankruptcy or bailout?

By ignoring industry and wealth creation — just like Barack Obama is now doing on the national level.

So bad decision making jumps to mind.

The only growing “industry” in California is government; followed by health care.  And maybe health care is numero uno, to use the Californian language.

Since he became Governor, Arnold Schwarzenegger’s California has added 50,000 new state employees.  These are highly paid people with full medical care.  It’s kind of a welfare for the white collar.  And what wealth do they add to the state?  You do the math: no products produced, no industry of reality.  But they do tax, collect fees and make laws which contributes to a hemorrhage of wealth producing businesses to Nevada and other locales.
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Sen. Dianne Feinstein said development of solar and wind facilities in California’s Mojave Desert would violate the spirit of what conservationists had intended when they donated much of the land to the public.

My Vietnamese born wife and I drove through the Mojave not long ago and she said, “Worthless burnt rock.”

And that is what it will reamain if Feinstein gets her way.

California’s Congressman Henry Waxman, primary sponsor of the radical cap&trade/national eco-tax bill in the House, like Feinsten and a lot of other Californians, is willing to destroy real wealth producing industry with cap and trade while ignoring something literally beneath California’s feet: oil.

Related:
Wind, Solar Produce only 1% of Electric Needs; Need “Comprehensive Energy Plan”

Last September the San Franciso Chronicle reported this gem:

“Pelosi is holding firm to her view that more drilling won’t have any short-term impact on gas prices and would only lower prices by pennies a gallon 10 years from now, citing government figures. She’s plotting a vote on a bill to rein in speculators in energy markets when Congress returns next month.  Pelosi and other top Democrats see little reason to compromise. They expect to pick up seats in the House and Senate in November – and perhaps the White House, too – which would allow them to craft a more environmentally friendly energy policy next year. In the meantime, they plan to use their fundraising advantage to bash GOP candidates with ads linking them to oil companies.”

So for the short term, gas prices are fine so why drill — that’s what Pelosi said.  And besides, according the Pelosi’s logic, she could get more Democrats elected and obtain a more environmentally friendly energy policy.The problem now is short term and it may become long term (certainly it has already on the national level).  The problem is debt, borrowing, and no creating of wealth.

So screw wealth producing.

You can’t pay health care workers and government workers without someone creating wealth.

California has a shortage of people who create wealth: Hollywood just can’t keep up.

Yesterday, Nancy Pelosi, who has never said anything rediculously stupid, called climate change “the greatest challenge of our day.”  She said climate change is a national security, economic, environmental health and moral issue.

Here’s a national security challenge: China owns most of the American debt and will just watch us spend ourselves out of the superpower seat.  But we’ll be greener than China!  Congratulations.

Related:
China says rich nations must cut emissions by 40%; offers no Chinese cuts

California  has a pack of politicians that are thinking green and thinking us into more debt.  They had better think green like green money soon or they’ll be out of both.

They are currently working on how to slash expenses and con the Federal Government out of a bailout.  Nowhere have we heard about planning to create more wealth.

Green, gay and gutless.  We could pray for more wealth producing businesses but the state has chased them off — and prayer is frowned upon.

http://michellemalkin.com/2009/05/21/
waxman-clueless-about-his-captrade-bi
ll-youre-asking-me/

Related:

Obama Hasn’t Noticed People Leaving California and New York?

Obama, Pelosi, Waxman, Feinstein and Schwarzenegger: demonize wealth, oil, big business and prayer.  But love green, big government, government health care and debt spending.  Can this work?

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Brilliant Michael Moore Attacks Those that Produce Wealth

LOS ANGELES (Reuters) – Firebrand filmmaker Michael Moore, who targeted the Bush administration in “Fahrenheit 9/11” and the healthcare industry in “Sicko,” is now focusing on the global economic meltdown.

The Oscar-winning director will release his as-yet-untitled documentary across North America on October 2, co-financiers Overture Films and Paramount Vantage said on Thursday.

“The wealthy, at some point, decided they didn’t have enough wealth,” the statement quoted Moore as saying.

“They wanted more — a lot more. So they systematically set about to fleece the American people out of their hard-earned money. Now, why would they do this? That is what I seek to discover in this movie.”

Overture said Moore was still working on the film, and was keeping plot details close to his vest in typical fashion.

Liberty Media Corp-owned Overture will handle the film’s domestic release both in theaters and ancillary outlets, while Viacom Inc-owned Paramount Vantage will handle international sales.

Read the rest:
http://www.reuters.com/article/entertainmentNews/idUST
RE54K68I20090521?feedType=RSS&feedName=enter
tainmentNews&rpc=22&sp=true

Pelosi Calls Global Warming “Greatest Challenge”
http://www.washingtonpost.com/wp-dyn/co
ntent/article/2009/05/21/AR20090521040
52.html?wprss=rss_metro

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While Obama Announces Oil Conservation Measures, China Surges Ahead To Gobble Up Available Reserves

May 19, 2009

China buys 300,000 barrels of Venezuelan crude every day, and is eager for more from the Latin American country as part of its global quest for a diverse range of energy supplies.

Today, Venezuela said to begin building the first joint Venezuelan-Chinese oil drilling platform in June, according to Energy Minister Rafael Ramirez.

China is buying up oil in Iran, Iraq, Russia, Africa and just about everywhere else.

China also has an extensive deep sea oil exploration effort ongoing which explains some of China’s recent high seas expansion and belligerence.

But not to worry: President Barack Obama will have us out of gas guzzling cars and into all kinds of fuel savers before long.

Obama can do this because he already owns a big chunk of Chrysler, will soon own GM, and may own Ford the way things are going.

The only profitable U.S. car company, Ford, produces the least efficient cars and will have to retool its fleet to meet the Obama standards….

China has a population of 1.3 billion and wants more oil to power its industry.  China now also produces more cars than the USA and wants to put Chinese butts in many new cars during the next ten years.  China is also boosting export of Chinese built cars around the globe and will export to the USA startuing next year….

The U.S. population is only 300 million but those folks will get to pay a lot more for cars that are said to be really clean and efficient…..


Above: Missile Destroyer Haikou 171 of the PLA Navy’s South China Sea Fleet.  She departed with two other Chinese warships on a mission to the Gulf of Aden near Somali on anti-pirate patrol in December.  Many in the West see this as a sign of renewed cooperation between China and other military powers.  Others see this move as practice for more far flung Chinese naval deployments.


China drill at sea

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WASHINGTON – President Barack Obama is asking consumers to put their money — up to $1,300 per new vehicle by 2016 — behind his plan for higher efficiency standards for cars and trucks and tougher rules on their greenhouse gas emissions.

In return, Obama said Tuesday in unveiling the plan, drivers would make up the higher cost of more fuel-efficient, cleaner vehicles by buying less gas at the pump. It would take just three years to pay off the investment and would, over the life of a vehicle, save about $2,800 though better gas mileage, the president said.

While requiring that vehicle carbon dioxide emissions be reduced by about one-third by the target date, the plan also calls for the auto industry to build vehicles that average 35.5 miles per gallon. Government regulations have never before linked emission and fuel standards.

“The fact is, everyone wins,” Obama said during a Rose Garden ceremony attended by representatives of the auto industry and environmental groups as well as state and federal lawmakers.

Read the rest:
http://news.yahoo.com/s/ap/20090519/ap_on_
go_pr_wh/us_obama_autos;_ylt=ArofR.n6Y7
2jtPmODNP6Cl6s0NUE;_ylu=X3oDMTJmMmZ
jb2RtBGFzc2V0A2FwLzIwMDkwNTE5L3Vz
X29iYW1hX2F1dG9zBGNwb3MDMQRwb3M
DMgRzZWMDeW5fdG9wX3N0b3J5BHNsaw
NvYmFtYXRvdXRzcGw

Related:
In Berry’s World Four Years Hence: China Will Be the Only Thriving Superpower
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China ready to join US as world power
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China’s Navy Grows and the World Watches Warily
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Battles over energy may lead to wars, Russian strategists conclude
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Is China’s Navy Trouble for the U.S.?

Michelle Malkin:
http://michellemalkin.com/2009/05
/19/making-government-motors-official/

Ready for a Fight: Russia’s New Security Policy

May 16, 2009

Diminishing supplies of oil and natural gas will push countries into violent competition, the Kremlin predicted in a long-awaited national security strategy paper released this week. The document foresees these struggles playing out in the Arctic as well as the Middle East, the Barents Sea, the Caspian Sea and Central Asia — and states that Russia is prepared to fight for its share of the world’s resources.

By John Wendle
Time Magazine

“In the face of competition for resources, the use of military force to solve emerging problems cannot be excluded,” reads the strategy paper, which was signed by President Dmitri Medvedev on Wednesday. It adds: “This could destroy the balance of forces on the borders of Russia and those of its allies.” The paper also addresses the future of NATO and nuclear proliferation, as well as domestic social issues.

Russian President Dmitry Medvedev, Prime Minister Vladimir Putin, stand with World War II veterans during the annual Victory Day parade on Moscow's Red Square.
Russian President Dmitry Medvedev, Prime Minister Vladimir Putin, stand with World War II veterans during the annual Victory Day parade on Moscow’s Red Square.
Mikhail Klimentyev / RIA-Novosti / AP

Although it vividly outlines the worsened relations between Russia and the West, the anti-Western rhetoric is tempered with acknowledgment of the beginning of rapprochement with the Obama Administration. “Now there is a viewpoint in the Kremlin that the U.S. can be worked with,” says Nikolai Petrov, an analyst at the Carnegie Moscow Center, an independent think tank. “Russia has come out and specifically formulated its foreign and defense policy. However, this paper is not setting out how policy will look; it is setting out the de facto situation.”

The paper was ordered up by Medvedev last August, after Russia’s brief war with Georgia made it clear that a new security policy would need to be drawn up to replace the one set out in 2000, which focused more on playing up Russia’s role in the war on terror while it was fighting a war in Chechnya. The updated paper is meant to be a guide for policy development and implementation until 2020.

Read the rest:
http://www.time.com/time/world/articl
e/0,8599,1899066,00.html?xid=rss-world

Related:
Battles over energy may lead to wars, Russian strategists conclude
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China Buying Oil, Uranium, Gold, Other Products At Bargain Prices
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Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”

Battles over energy may lead to wars, Russian strategists conclude

May 13, 2009

A Kremlin policy paper says international relations will be shaped by battles over energy resources, which may trigger military conflicts on Russia’s borders.

The National Security Strategy also said that Russia will seek an equal “partnership” with the United States, but named U.S. missile defense plans in Europe among top threats to the national security.

By VLADIMIR ISACHENKOV, Associated Press Writer
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The document, which has been signed by President Dmitry Medvedev, listed top challenges to national security and outlined government priorities through 2020.

“The international policy in the long run will be focused on getting hold of energy sources, including in the Middle East, the Barents Sea shelf and other Arctic regions, the Caspian and Central Asia,” said the strategy paper that was posted on the presidential Security Council‘s Web site.

“Amid competitive struggle for resources, attempts to use military force to solve emerging problems can’t be excluded,” it added. “The existing balance of forces near the borders of the Russian Federation and its allies can be violated.”

A Kremlin policy paper says international relations will be shaped by battles over energy resources, which may trigger military conflicts on Russia’s borders.

The National Security Strategy also said that Russia will seek an equal “partnership” with the United States, but named U.S. missile defense plans in Europe among top threats to the national security.

The document, which has been signed by President Dmitry Medvedev, listed top challenges to national security and outlined government priorities through 2020.

“The international policy in the long run will be focused on getting hold of energy sources, including in the Middle East, the Barents Sea shelf and other Arctic regions, the Caspian and Central Asia,” said the strategy paper that was posted on the presidential Security Council‘s Web site.

“Amid competitive struggle for resources, attempts to use military force to solve emerging problems can’t be excluded,” it added. “The existing balance of forces near the borders of the Russian Federation and its allies can be violated.”

Read the rest:
http://news.yahoo.com/s/ap/20090513/
ap_on_re_eu/eu_russia_security_strategy_2

Related:
China Buying Oil, Uranium, Gold, Other Products At Bargain Prices
.
Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”

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The Next Big War Will Be Over Commodities

By John E. Carey
Peace and Freedom

Last year President Bush went to Saudi Arabia to ask his friends there to increase oil production. The White House believed that by increasing supply, the price of gasoline per gallon at your friendly service station would drop. The president was rebuffed.

One month later the United States urged upon the other large users of oil in the world community to join the “produce more” bandwagon.

China, Japan, India and South Korea went along with the U.S. plan.

Cabinet ministers from the five countries, which account for more than half the world’s consumption of energy, agreed that the sharp surge in oil prices was a menace to the world economy, and that more petroleum should be produced to meet rising demand.

The five consumer countries, meeting in Japan before an energy conference of the Group of Eight industrialized nations plus Russia on June 8, 2008, argued that the unprecedented prices were against the interests of both producers and consumers, and imposed a “heavy burden” on developing countries.

The Organization of Petroleum Exporting Countries current president, Chakib Khelil, said that the cartel will make no new decision on production levels until OPEC’s September 9, 2008 meeting in Vienna.

So in just a few weeks time, we witnessed the President of the United States pleading for more production and the senior energy ministers from the U.S., China, India, Japan and South Korea joining in a chorus.

We at Peace and Freedom believe that when the engine of the free market jumps the tracks and supply and demand are ignored; one had better get ready for bad blood.

Then we have food. In the Philippines the people took to the streets demanding more rice. In Egypt, the people took to the streets demanding more bread. And some bad blood developed between Thailand, the world’s leading rice exporter, and Vietnam, perhaps the second most important rice exporter.

It seems the Vietnamese had underbid the Thais on contracts to export rice. The Vietnamese saw this as good business. The Thais viewed it as theft. Never mind that Thai rice is of higher quality and thus cists more.

China recently announced that it had “overbuilt” its industry and removed too much farmland from production. China now is instituting new regulations to preserve farmland and it is mapping a strategy to import more food.

Ethanol and other bio fuels seemed like a great idea to help add to U.S. oil stocks. But when all that corn disappeared into your fuel tank, the price of all corn went up. And corn not only feeds people but it is a huge source of livestock feed. So the price of pork and beef and all that other livestock that makes its way to the dinner table went up.

And food and fuels have never been in such demand. Never mind the huge increases in global population; with the combined populations of India and China eight times that of the U.S.

The world, believe it or not, is becoming more “middle class.” That means more people want gas burning cars which suck up a lot of fuel and add to global pollution. These new “middle class” folks also want a higher protein diet.

If one eats rice or corn or other grains the costs are somewhat manageable. But it takes four times more grain (and sometimes as much as six times) to put meat on pork or cattle before human beings eat that meat. So the high protein diet has a huge cost. It sucks up a lot more grain that human grain eaters ever would and it means the eaters need more dollars, rupees euros, yen or other denominations to buy every meal.

Bacon and eggs are more expensive, say, than the traditional rice bowl.

Finally, all these goodies, usually called commodities, are moving around the globe.

The Associated Press had an excellent article by Gavin Rabinowitz out on June 7.

India, China jostle for influence in Indian Ocean

 
China drill at sea

.Mr. Rabinowitz pointed out that looking south from Sri Lanka “just over the horizon runs one of the world’s great trade arteries, the shipping lanes where thousands of vessels carry oil from the Middle East and raw materials to Asia, returning with television sets, toys and sneakers for European consumers.”

That shipping lane is a possible flashpoint between India and China. Add in Japan, which gets just about all of its oil by that sea lane. And don’t forget the U.S. and the U.S. Navy. Those boys don’t want to see that sea lane interrupted by war, terrorism, piracy or any other form of bad blood.

So the bottom line, from our small window of the world is this: The next big war could well be over “commodities.”

We’ve used food and oil here as the most obvious examples of commodities worth fighting for. But it could be over uranium, tin, gold or who knows what. Even fresh water.

California is already starting to limit development due to water shortages. Australia is in the midst of a multi-year drought which has crippled Aussie grain production. And over use of fertilizers and pesticides in China and Vietnam have poisoned much of the ground water.

The next big war could well be over commodities.

Welcome to the new millennium.

Related:
China’s thirst for copper could hold key to Afghanistan’s future

Philippines Enacts Law Claiming Islands also Claimed by China, Others

Obama Pal Hugo Chavez Seizes Oil Installation From U.S.-Based Company

May 8, 2009
Venezuela has seized a major oil installation from the U.S.-based Williams companies, Reuters quoted a company source as saying.
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President Hugo Chavez said his government would begin seizing control of some oil contractors on Friday following the National Assembly’s approval of a law that paved the way for the takeovers.
The law approved by the largely pro-Chavez assembly on Thursday enables state oil company Petroleos de Venezuela SA, or PDVSA, to take over contractors without following the usual procedures to expropriate business.

“Tomorrow we’ll start recovering the goods and assets that will now belong to the state,” Chavez said in a televised speech late Thursday after the legislative vote.

He said PDVSA would seize 300 boats as well as dozens of docks and other transportation installations in western Lake Maracaibo on Friday, and absorb the 8,000 workers affected.

Venezuela’s state oil company has recently clashed with domestic and foreign service providers that help extract the OPEC nation’s heavy crude, accumulating billions of dollars in debts as it aims to renegotiate contracts to reduce costs by 40 percent.

 President Barack Obama greets his Venezuela counterpart Hugo ... 
President Barack Obama greets his Venezuela counterpart Hugo Chavez as Uruguayan President Tabare Vazquez (L) looks on before the opening ceremony of the 5th Summit of the Americas in Port of Spain April 17, 2009. REUTERS/Mariamma Kambon-Official Photographer/5th Summit of the Americas/Handout
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Read the rest from Fox News:
http://www.foxnews.com/story/0,2933,519515,00.html

UN accepts Pakistan’s extended sea border

May 6, 2009

The UN has accepted Pakistan’s claim to extend its\ maritime exclusive economic zone to 350 nautical miles from 200 nautical miles. Addressing a news conference here Wednesday, Federal Minister for Science and Technology, Azam Khan Swati said Pakistan filed its case at the UN on 30th of the last month and it got the historic success two day ago.
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After the UN acceptance, Pakistan will have right on all the resources of this additional maritime zone. He said under the UN laws a complete survey of the area was conducted which indicates that Pakistan will get economic benefits from this extended maritime zone.
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This will enable Pakistan to explore petroleum and mineral resources in general and benefit the offshore maritime industry and market in particular. The Federal Minister said that only twenty nine countries of the world have so far availed the right to file case in the UN.
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Earlier, Pakistan’s Permanent Mission to the United Nations in New York filed the claim to United Nations Commission on the Limit of Continental Shelf( UNCLOS) for extension of its continental shelf to 350 nautical miles from the present 200 nautical miles.
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The Ministry of Science and Technology (MoST) was involved in the preparation of the claim for the last couple of years. The National Institute of Oceanography (NIO), an autonomous organization of the Ministry was entrusted the task to prepare the claim in accordance with the UN requirements. The case was prepared and submitted to Pakistani Mission in New York during April 2009 for submission before the deadline of 13th May 2009. The Pakistani Mission filed the claim on 30th April 2009.
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The United Nations Convention on the Law of the Sea (UNCLOS) was adopted in 1982 and came into force on 16 November 1994. Pakistan ratified the Convention on 26 February 1997. The Convention entered into force for Pakistan on 28 March 1997.
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Under the UNCLOS, Pakistan presently has an Exclusive Economic Zone (EEZ) extending up to 200 nautical miles which would be extended up to 350 nautical miles on meeting some conditionalities. Therefore, recognizing this and taking opportunity of UNCLOS Article 76, MoST has been endeavoring to address and pursue this extremely important issue of national interest, to have Pakistan’s Continental Shelf extended from 200 to 350 nautical miles.
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Pakistan would accrue substantial benefits from the extension as vast area of more than 50,000 km may be gained after the continental shelf extension. The data acquired during the project will provide a reliable and firm database and foundation, essential for future marine research and exploration of living and non-living marine resources.
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It will also provide ‘a good basis for our scientists/ technicians to further promote and develop the marine geological and geophysical research and survey capabilities.

From The Daily Mail, Islamabad

Obama’s Bias Against Oil and Gas Hurts Economy, Costs Jobs

May 4, 2009

Considering the brutal recession, you’d expect the Obama administration to be obsessed with creating jobs. And so it is, say the president and his supporters. The trouble is that there’s one glaring exception to their claims: the oil and natural gas industries. The administration is biased against them — a bias that makes no sense on either economic or energy grounds. Almost everyone loves to hate the world’s Exxons, but promoting domestic drilling is simply common sense.

Contrary to popular wisdom, the United States still has huge oil and natural gas resources. The outer continental shelf (OCS), including parts that have been off-limits to drilling since the early 1980s, may contain much natural gas and 86 billion barrels of oil, about four times today’s “proven” U.S. reserves. The U.S. Geological Survey recently estimated that the Bakken…

Read the rest from Robert Samuelson
The Washington Post:
http://www.washingtonpost.com/
wp-dyn/content/article/2009/05
/03/AR2009050301849.html?h
pid=opinionsbox1