The Obama Administration announced it would delay the construction of the $7 billion Keystone XL pipeline that would bring in more than 700,000 barrels of oil per day from Alberta, Canada, to the Texas Gulf coast.
What this delay really means is that President Obama is putting off an important election year decision in which two of his largest supporters—labor unions and environmentalists—are split on the issue. This tactic allows the decision to be delayed until after the 2012 elections.
Obama Underwrites Offshore Drilling - Too bad it's not in U.S. waters.
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.Remember people... George Soros. This is why even though many ignored Obama's connections the first time does not mean you have to ignore them again!
Obama owes much of his Chicago political success to financial support from radical, left-wing billionaire and leading "social entrepreneur" Soros. In June 2004, Soros threw a big fund-raiser at his New York home for Obama’s Illinois Senate campaign. Soros and family personally chipped in $60,000. In April 2007, Obama was back in New York for a deep-pocketed Manhattan fund-raising soiree, with Soros lurking in his shadow (yes, that’s him behind Obama grasping onto the stairs).
Did you know that George Soros admittedly was a Nazi collaborator? And he was proud of it?
Read much, much more about George Soros
Obama's Uganda Gambit to serve Soros - American Thinker
Journalist Aaron Klein has an interesting take on Barack Obama's surprising decision to send troops into Uganda to battle a rebel army. The genesis of the idea may have begun at the George Soros-funded International Crisis Group, one of the "think tanks" that Soros uses to promote policies that benefit him. In this case, the ICG recommended last year that America deploy military forces to Uganda.
This move prompted questions since the rebel group did not pose a threat to American interests. But whose interests might be served by defeating the rebel group?
George Soros -- a major Obama backer.
Soros himself has been closely tied to oil and other interests in Uganda.
In 2008, the Soros-funded Revenue Watch Institute brought together stakeholders from Uganda and other East African countries to discuss critical governance issues, including the formation of what became Uganda's National Oil and Gas Policy. Also in 2008, the Africa Institute for Energy Governance, a grantee of the Soros-funded Revenue Watch, helped established the Publish What You Pay Coalition of Uganda, or PWYP, which was purportedly launched to coordinate and streamline the efforts of the government in promoting transparency and accountability in the oil sector.
Also, a steering committee was formed for PWYP Uganda to develop an agenda for implementing the oil advocacy initiatives and a constitution to guide PWYP's oil work.
PWYP has since 2006 hosted a number of training workshops in Uganda purportedly to promote contract transparency in Uganda's oil sector.
PWYP is directly funded by Soros' Open Society as well as the Soros-funded Revenue Watch Institute. PWYP international is actually hosted by the Open Society Foundation in London.
The billionaire's Open Society Institute, meanwhile, runs numerous offices in Uganda. It maintains a country manager in Uganda, as well as the Open Society Initiative for East Africa, which supports work in Kenya, Tanzania, and Uganda.Soros seems to have his hand in trying to guide the development of the oil and gas industry in Uganda. The Ugandan government would naturally be beholden to Soros if he could show he had enough influence with the White House to bring in American troops to take out a rebel group.
Also, the defeat of the rebel group would make development of the energy industry that much more viable since operations would be much more secure.
US, Russia ink biggest oil and gas deal of Obama era
ExxonMobil and Rosneft signed an agreement yesterday (30 August) to extract oil and gas from the Russian Arctic, in the most significant US-Russia corporate deal since President Barack Obama began a push to improve bilateral ties.and
Obama USDA delays shale drilling, up to 200k jobs
Obama's Interior Chokehold on America - American Thinker
How could a bureaucratic bottleneck in the Gulf of Mexico cost the U.S. economy nearly $20 billion and wipe out hundreds of thousands of jobs as far away as Ohio, Pennsylvania and California? Unfortunately, with this White House administration, anything is possible.
President Obama recently announced yet another jobs initiative -- knowing all the while that one very simple action on his part would indeed create new jobs, infuse federal and state budgets with billions of dollars, and make us less reliant on imports. But that didn't happen.
On Oct. 12, 2010, Interior Secretary Ken Salazar said, "We're open for business," signaling that drilling for new oil in the Gulf of Mexico would resume. But, Mr. Salazar has an odd interpretation of the words "open for business." Eleven months after the Secretary's announcement, drilling in the Gulf remains near a standstill. The government has used every stall tactic imaginable to delay permits and other administrative approvals that would help our economy and put hundreds of thousands back to work. The Gulf Economic Survival Team (GEST) commissioned IHS Global Insight and IHS CERA Inc. to quantify the economic impacts of the government's slow pace of permitting since lifting the moratorium.
Their study revealed that the number of exploration plans and permit applications are on par with levels in 2009 through early 2010, clearly signaling the industry's intent to return to full operations. Industry also has invested billions of dollars in well containment technology to stop a Macondo-size spill if it ever became necessary. So safety can no longer be blamed for permitting delays. That leaves the Department of the Interior.
The IHS study points to a backlog of project approvals. Despite their earnest efforts to process the growing stack of applications, regulators on the front line don't appear to understand the new regulations that Washington D.C. has foisted upon them. The blame for this falls squarely on the shoulders of this Administration's politically appointed bureaucrats, who know nothing of the complexities involved in safe and environmentally sound deepwater drilling. Naturally, they don't let expertise or experience get in the way, they just pile on more regulations. This politically minded bureaucracy comes at tremendous cost. The number of people who depend on a thriving oil and gas industry is staggering. Another research study, by Quest Offshore Resources, found that energy production in the Gulf of Mexico employed 240,000 Americans in 2010. And not all of them worked directly for the oil and natural gas industry, as oil rigs need everything from steel pipes to IT support.
Must See Video— Terrorist Bill Ayers Brags About Hosting Obama Fundraiser - Gateway Pundit
Terrorist Bill Ayers recently bragged about hosting a fundraiser for Barack Obama in his home back in the 1990′s. Ayers told the audience, “I thought he wanted to be mayor of Chicago – that’s the limit of my imagination.”
The audience loved it.
From the video: In this clips obtained exclusively by Education Action Group at a recent “Rethinking Schools” event, Ayers recalls his fundraising for Barack Obama and fellow radical Bob Peterson.Of course, the one time the liberal media asked Obama about his association with Bill Ayers in 2008, he said Ayers was “just another guy in the neighborhood.” This was despite the fact that they were well aquainted and shared an office in Chicago.
Occupy OKC Shut Down After Remaining Hoboes Get Drunk Beat Security Guard