Treasury decision gives China Drilling rights in Gulf of Mexico

As if our Hypocrite-in-Chief has not done enough to sabotage our energy resources, now we hear that we are more than happy to give drilling rights to China in the Gulf. Best part is how the Treasury Dept. and the other Departments got their long fingers into the matter. Just think about it. No pipeline for us, but plenty for China. Obama’s bundler’s make out swell. H/T. goes to Judicial Watch and their FOIA request which has not been responded to.

Treasury Decision Gives Chinese National Offshore Oil Corporation Drilling Rights in Strategic Gulf of Mexico Waters, Provides Apparent Windfall of Financial Returns to Major Obama Contributors.

But let me digress first. Recall this one that covered what foreign companies are doing to us. One example:

China buying up U.S. Energy Supplies

CNOOC recently completed a 570 million dollar deal that gives it a one-third interest in huge oil and gas deposits in Colorado and Wyoming. The following is from Wyoming Energy News….

Chinese energy company Cnooc Ltd. has agreed to pay $570 million for a one-third interest in Chesapeake Energy Corp.’s 800,000 leased acres in northeast Colorado and southeast Wyoming. The acreage is in the Denver-Julesburg (DJ) and Powder River basins. Cnooc is China’s biggest offshore oil and natural gas producer.

In fact, according to a recent Business Insider article, this deal gives the Chinese government the right to a third of any new oil discovered by Chesapeake Energy in the entire region….

Now back to the story:

Because of Nexen’s holdings in the Gulf of Mexico, the CNOOC takeover required the approval of the CFIUS, which is chaired by the Secretary of the Treasury and includes the Attorney General, the U.S. Trade Representative, and the secretaries of the Department of Homeland Security, Commerce, Defense, State, and Energy. On February 12, 2013, the CFIUS announced its approval of CNOOC’s takeover of Nexen. As a state enterprise, CNOOC is owned by the Chinese government and is managed by Communist Party officials. CNOOC offered Nexen a 60% premium over the stock’s trading value at the time of the takeover, prompting analysts to describe the terms as “a fantastic deal for Nexen.” It also raised questions as to whether the Chinese government’s interests were more strategic than economic.

“With one ill-chosen action, the Obama administration has managed to undermine our strategic interests and reward its corporate cronies,” said Tom Fitton, President of Judicial Watch. “It’s little wonder that the Treasury Department is defying the open records law to stonewall accountability. And Americans may want to compare and contrast the quick approval of this Chinese strategic initiative with the Obama administration’s scandalous delay of the related Keystone XL oil pipeline project.”

The acquisition will reportedly provide a windfall return to Obama-connected investors, who profited heavily from Treasury’s approval of the takeover and Chinese expansion into the hemisphere, including:

  • Farallon Capital Management LLC, which bought 8.7 million shares of Nexen (1.65 percent of the company) between July 1 and September 30, 2012. The founder of Fallon Capital is Thomas Steyer, is a long-time Democratic fundraiser who ridiculed Romney’s energy plans at the 2012 Democratic National Convention.
  • Eton Park Capital Management, which bought 6,737,000 shares (1.28 percent) of Nexen. Eton Park was founded and is directed by Eric Mindich, a bundler who raised more than $71,000 for Obama this cycle and has given more than $500,000 to Democratic candidates since 1990.
  • D.E. Shaw & Co., which increased its position by 5.8 million to 6.5 million shares, or 1.22 percent of the company. D.E. Shaw was founded by David E. Shaw, an Obama bundler in the $200,000 to $500,000 range. He also sits on the President’s Council of Advisors on Science and Technology, as he did under the Clinton administration.
  • Covington & Burling LLP, in which Eric Holder was formerly a partner, was hired by Nexen to lobby on behalf of the acquisition’s approval.

CNOOC’s July 2012 acquisition of Nexen drilling interests in northern Canada (which includes 1.6 billion barrels in Keystone XL oil reserves) and in the Gulf of Mexico (which includes 100 exploration projects and access to 116 million barrels in reserves) allowed the Chinese government a partial takeover of a vital strategic asset: accessible crude oil in the Western Hemisphere.

The acquisition is the largest Chinese takeover of a foreign company in history. More over at Judicial Watch

Obama’s EPA Nominee Not ‘To Sit Around and Wait for Congressional Action’

If we thought that Lisa Jackson was bad, we have another one that is sure one crackerjack of a nut case. Let’s hope before she is confirmed we get all of the Jackson alias “Richard Windsor” faux e-mails she wrote. Check out the video, and slide over for the short version:  Here at News Alert.

President Barack Obama on Monday nominated Gina McCarthy to replace Lisa Jackson as Environmental Protection Agency administrator.

McCarthy, who currently heads the EPA’s air and radiation office, has vowed “not to sit around and wait for congressional action” when issuing environmental regulations.

On May 1, 2010, in the keynote address for the Green Education Celebration at University of Massachusetts in Boston, McCarthy said she did not go to Washington to wait for congressional action and she said she did not intend to do so in the future.

“I love listening to Sen. Kerry. I love listening to Congressman Markey, because they talk funny and they talk real,” said McCarthy. “They tell it like it is and they make things happen. I am so proud that we have them in office so they can push us to face reality that one needs to face and to move forward with legislation that is absolutely essential.

“But I will tell you that I didn’t go to Washington to sit around and wait for Congressional action. Never done that before, and don’t plan to in the future,” said McCarthy.

“EPA’s Administrator Lisa Jackson didn’t sit around so that she could look at the law and decide it was inconvenient to follow it. Or listen to the science and say, ‘You know, that might get me into trouble, so I ain’t going where the science tells me,'” said McCarthy. “What she actually said when she got there is that I’m going to listen to the law and I’m going where science is driving us, and that is why the EPA put forward just last December what we call the endangerment finding.”

McCarthy suggested that the volume of lawsuits against the move is a sign that the EPA is on the right track. And, she said the EPA has a legal mandate to regulate – and it’ll do so with, or without, Congress:

“Now, it doesn’t sound that exciting. But I will tell you that 320,000 people felt the need to comment at the time, and since we passed it, 15 entities have decided they want to sue us about it, so it must be pretty cool. It actually is a statement the administrator made that said, ‘You know, carbon dioxide and all these greenhouse gasses actually do pose a danger to public health and welfare under the Clean Air Act,’ and lo and behold, we’re required under law to regulate it. That is, indeed, what we are going to do whether Congress moves forward or -and- whether it doesn’t.”

Continue at and a H/T:CNS  Shorter version link of video: Here at News Alert.

 

Navy: Lincoln Refueling Delayed because of funding, yet pays $16 bucks a gallon

During the hearing with Panetta last week, I was ready to jump out of my chair as I watched the ignorance regarding the statement by Panetta that he cancelled the deployment of the Navy Carrier USS Truman because of budget concerns, no doubt, because of the GOP. Wink Wink. Now we learn we cannot fuel the USS Lincoln. So the truth of the matter is they can’t find biofuel and the Navy has wasted so much money going green. Of course delaying the retrofit of the ship should put more pressure on the GOP so the plan goes. I was waiting, waiting waiting for someone to ask about this idiotic behavior. Better yet would have been to question the Charmian of the Armed Services. So here we go, first the back story.

Navy buys biofuel for $16 a gallon

This is going to help the Defense Department weather looming budget cuts, for sure. Teaming up with the Department of Agriculture (which has a cheery Rotary Club ring to it), the Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.The why and more at Hot Air 

U.S. Navy going Green

By 2020, the Navy must learn to get at least 50 percent of energy from alternative sources, and 50 percent of the military vessels will have to try hard to zero out- that is to spend no more energy than they can produce. In other words, the sailors themselves have expressed doubts as to how efficient the vessels will be after the replacement of traditional fuels with alternative ones

The U.S. Navy will delay the refueling of the aircraft carrier USS Abraham Lincoln (CVN-72) for an unknown period because of the uncertain fiscal environment due to the ongoing legislative struggle, the service told Congress in a Friday message obtained by USNI News.

Lincoln was scheduled to be moved to Huntington Ingalls Industries’ (HII) Newport News Shipyard later this month to begin the 4-year refueling and complex overhaul (RCOH) of the ship.

“This delay is due to uncertainty in the Fiscal Year 2013 appropriations bill, both in the timing and funding level available for the first full year of the contract,” the message said.
“CVN-72 will remain at Norfolk Naval Base where the ships force personnel will continue to conduct routine maintenance until sufficient funding is received for the initial execution of the RCOH.”

The move by the navy is the second this week involving funding for carriers. On Wednesday it announced it would delay the deployment of the USS Harry S. Truman (CVN-75) to the Middle East do to the ongoing budget strife bringing the total number of carriers in U.S. Central Command (CENTCOM) to one until funding normalizes. Ful story USNI

New Interior pick: Global warming hurt profits- UPDATE

No surprise here now is there? Did we think we would get anyone better than cowboy Salazar? How many more thousands of acres will she sock away for the government? Kiss energy goodbye.

UPDATE: Comrade Matrix sends us this via comment:

REI CEO Sally Jewell, President Obama’s nominee for Interior Secretary, received an Obamacare waiver in 2011 for her company’s health care coverage for 1,180 employees. As Michelle Malkin noted in her May 2011 column, Jewell participated in an Obama administration roundtable in 2009 to talk about the benefits of health care reform

Via Washington Secrets:

REI, the popular outfitter run by President Obama’s choice to head the Interior Department, cited the impact of global warming as a reason for poor profits in its most recent annual report. [...]

Obama’s pick is REI CEO Sally Jewell, who has run the firm since 2005. Under Jewell, REI has blossomed while pursuing a green agenda aimed at cutting carbon emissions and dressing shoppers in environmentally-sensitive gear and clothing.

In a 2007 interview with the enviro-website Grist, she bemoaned REI’s carbon footprint, especially from employees commuting to work and even the companies travel program. “One of the shockers to me is 26 percent of REI’s greenhouse-gas footprint is REI Adventure travel trips, like the one I’m about to take. It’s almost as much as — or maybe it’s equal to — all of the electricity generated by all of our facilities. And that is, like, stunning,” she said.

EPA defies court order- increases ethanol mandate

Totally lawless. Totally. We knew it was coming. Was this Lisa Jackson’s swan song as going out the door. We can only hope the court imposes consequences. Anarchy begins. This blend can be only used in cars 2002 and newer and harms smaller engines such as lawn mowers.  Americans can go to H*ll as far as this President is concerned. And corn prices skyrocket.

Officials at the Renewable Fuels Association, representing the ethanol industry, said ethanol fuels can be safely used in old cars if owners adapt the fuel systems with new parts. Thanks a bunch guys!

Just one week after a federal court rebuked the Environmental Protection Agency for mandating biofuel standards based on “wishful thinking,” the EPA responded by raising those standards to even more unattainable levels.

The EPA called for refiners and importers to mix 14 million gallons of cellulosic biofuels (ethanol) into fuel in 2013. “EPA calculates a percentage-based standard for the following year,” the agency explained in an announcement today. “Based on the standard, each refiner and importer determines the minimum volume of renewable fuel that it must ensure is used in its transportation fuel.”

This projection ignores last week’s ruling from the D.C. Circuit Court of Appeals, which struck down a rule requiring gasoline blenders to use 8.65 million gallons of the cellulosic biofuel because the mandate “was based on wishful thinking rather than realistic estimates of what could be achieved,” as The New York Times explained. Per Consumer Energy Report notes, the fuel isn’t commercially available.

The judges faulted the EPA for effectively saying, “Do a good job, cellulosic fuel producers. If you fail, we’ll fine your customers.

Sen. David Vitter, R-La., faulted the EPA for ignoring last week’s ruling. “The EPA continues to make up unicorn-like standards in this area of renewable fuels production, as emphasized by last week’s appellate court ruling,” Vitter said in a statement this afternoon. “Increasing the standard after their 2012 requirements were vacated is beyond ludicrous, and they continue to force refiners to either purchase even more gallons of product that doesn’t exist or pay a fine.” Washington Examiner

From am earlier post Recall this? EPA expected to OK more ethanol ? It will destroy many older engines.

The Environmental Protection Agency is expected to raise the maximum amount of ethanol that can be blended with gasoline for vehicles manufactured since 2007.

According to people with knowledge of the announcement, the EPA may say as soon as Wednesday that the newer vehicles are able to handle 15 percent ethanol, up from the current maximum of 10 percent for the corn-based fuel.

But the auto industry, environmentalists and a broad coalition of other groups have argued against an increase and called for more testing.

Opponents argue that the increase in production of corn and its diversion into ethanol is making animal feed more expensive, raising prices at the grocery store and tearing up the land.

Manufacturers of smaller engines – used in everything from lawn mowers to boats – also oppose increasing the use of the fuel, saying those engines are not designed for the higher concentrations.

Then there is this Lahood: ‘We are going to coerce people out of their cars – apparently after they destroy our cars or make them prohibitively expensive to drive.

Women arrested for refusing ‘Smart’ energy meter installation

While the story opines that the use of these meters may permit criminals to know when folks are home, I would say that is the least of our worries. No doubt with the planned energy shortage that Obama is implementing, the so-called Smart Meters will be turning our power on and off at will, and better yet, we will be seeing the start of rationing. Good news all around.

In Naperville, IL, two mothers were arrested last week for refusing to allow utility workers to install controversial smart meters on their homes.

 The city’s new Naperville Smart Grid Initiative requires new controversial smart meters to be installed in every home. Residents opposed to the smart meters have been fighting the initiative for over two years.

Jennifer Stahl, an advocate against the smart meters initiative, told The Blaze she “was protecting” her property when she refused to allow the smart meter installer install the device. She felt “like a momma bear protecting her babies,” she recalled.

 According to the Chicago Tribune, Malia “Kim” Bendis was also arrested on two misdemeanors for resisting a police officer and attempted eavesdropping, when she filmed police on scene, despite a recent federal court ruling that the state of Illinois’s ban on recording police officers in the line of duty was “unconstitutional.” The U.S. Supreme Court upheld that ruling in November.

 

More videos over at Breitbart

Posted by Bunkerville: God, Guns Guts, Comrades

Sierra Club to Break Law to Stop Keystone Pipeline

This might portend for an interesting quandary for Obama. He would like nothing better than to stir up a bit of anarchy. If he approves the pipeline he may believe that the anarchists will keep it in check, and cause more upheaval, and every revolution requires social unrest. Pit those who are paying through their teeth for their energy, against the “Greenies”. It solves his Union problem. It will dominate the news. I say he goes for it and approves the XL Pipeline and sits back and puts up his feet, and gives out a broad smile. What is your take?

The Sierra Club has announced its approval for a “one-time” use of civil disobedience. The civil disobedience is intended to step up their efforts to oppose the Keystone pipeline.

Many of the other groups opposing Keystone have been engaging in civil disobedience as a tactic, including arson-based ecoterrorism. This will be the first time in the Sierra Club’s history that they have approved violating the law.

In a January 22, 2013 press release, the Sierra Club states:

The Sierra Club Board of Directors has approved the one-time use of civil disobedience for the first time in the organization’s 120-year history.

The Club went as far as implying Hurricane Sandy was the result of humanity and stated:

Recognizing the imminent danger posed by climate disruption, including record heat waves, drought, wildfires and the devastation of superstorm Sandy, the Sierra Club board of directors has suspended a long-standing Club policy to allow, for one time, the organization to lead a group of environmental activists, civil rights leaders, visionaries, scientists, and other high-profile individuals in a peaceful protest to dirty and dangerous tar sands. The action will be by invitation only and is being co-sponsored by 350.org.

It remains to be seen if the Sierra Clubs’ civil disobedience will encourage their more ideological counterparts to move even further into radicalism. H/T: Breitbart

Posted by Bunkerville: God, Guns Guts, Comrades

Follow

Get every new post delivered to your Inbox.

Join 755 other followers

%d bloggers like this: