GBTV - Where the Truth Lives

Election Season 2014

And it has brought us to this trainwreck called ObamaCare and we have bankrupted our kids and grandkids!

We are now headed into the 2014 Election Season and common sense and conservatism are on the rise. Please stand-up and be counted!

Reading Collusion: How the Media Stole the 2012 Election is a great place to start!

The Founding Father's Real Reason for the Second Amendment

And remember the words of Thomas Jefferson "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." See Video of Suzanna Gratia-Hupp’s Congressional Testimony: What the Second Amendment is REALLY For, below (u-tube HERE).

The Leaders Are Here... Palin, Cruz, Lee, Paul, Chaffetz....

T'S A WONDERFUL LIFE

Can You Really Still Believe That None of These People Would Have Done a Better Job???

Bloggers' Rights at EFF

SIGN THE PETITION TODAY...

Showing posts with label gulf crisis. Show all posts
Showing posts with label gulf crisis. Show all posts

Saturday, June 18, 2011

ALERT: Much Worse Than They Tell Us!!

BREAKING!!!! Containment building flooded at Nebraska nuke plant in order to cool fuel rods…

June 16, 2011

US Orders News Blackout Over Crippled Nebraska Nuclear Plant

By: Sorcha Faal, and as reported to her Western Subscribers 

A shocking report prepared by Russia’s Federal Atomic Energy Agency (FAAE) on information provided to them by the International Atomic Energy Agency (IAEA) states that the Obama regime has ordered a “total and complete” news blackout relating to any information regarding the near catastrophic meltdown of the Fort Calhoun Nuclear Power Plant [photo top left] located in Nebraska.

According to this report, the Fort Calhoun Nuclear Plant suffered a “catastrophic loss of cooling” to one of its idle spent fuel rod pools on 7 June after this plant was deluged with water caused by the historic flooding of the Missouri River which resulted in a fire causing the Federal Aviation Agency (FAA) to issue a “no-fly ban” over the area.

Located about 20 minutes outside downtown Omaha, the largest city in Nebraska, the Fort Calhoun Nuclear Plant is owned by Omaha Public Power District (OPPD) who on their website denies their plant is at a “Level 4” emergency by stating: “This terminology is not accurate, and is not how emergencies at nuclear power plants are classified.”

Russian atomic scientists in this FAAE report, however, say that this OPPD statement is an “outright falsehood” as all nuclear plants in the world operate under the guidelines of the International Nuclear and Radiological Event Scale (INES) which clearly states the“events” occurring at the Fort Calhoun Nuclear Power Plant do, indeed, put it in the “Level 4” emergency category of an “accident with local consequences” thus making this one of the worst nuclear accidents in US history.

Though this report confirms independent readings in the United States of “negligible release of nuclear gasses” related to this accident it warns that by the Obama regimes censoring of this event for “political purposes” it risks a “serious blowback” from the American public should they gain knowledge of this being hidden from them.

Interesting to note about this event was the Nuclear Regulatory Commission (NRC) Chief, Gregory B. Jaczko, blasting the Obama regime just days before the near meltdown of the Fort Calhoun Nuclear Power Plant by declaring that “the policy of not enforcing most fire code violations at dozens of nuclear plants is “unacceptable” and has tied the hands of NRC inspectors.”

This report further notes that the “cover-up” of this nuclear disaster by President Obama is being based on his “fantasy” of creating so-called green jobs which he (strangely) includes nuclear power into as his efforts to bankrupt the US coal industry proceed at a record breaking pace.

Unknown to the American people about Obama’s “war” on the US coal industry is it’s estimated to cost them over a 60% increase in their electricity bills by 2014 and cause over 250,000 jobs to be lost in an already beleaguered economy.

More ominous for those American people whose lives depend on the coal industry that is being deliberately destroyed is the Obama regime’s massive “security exercise” currently ongoing in the major coal mining States of Ohio, Kentucky and West Virginia, and as we can read about, in part, as reported by InfoWars.Com:

“If you’re still living under the delusion that the TSA is just restricted to airports then think again. A joint VIPR “security exercise” involving military personnel has Transportation Security Administration workers covering 5,000 miles and three states, illustrating once again how the TSA is turning into a literal occupying army for domestic repression in America.

The TSA, in alliance with a whole host of federal, state, local agencies as well as military personnel, is currently conducting a massive “security exercise” throughout Ohio, Kentucky and West Virginia.

“The participating teams are composed of a variety of TSA assets including federal air marshals, canine teams, inspectors and bomb appraisal officers. They will be joined by state and local law enforcement officials to supplement existing resources, provide detection and response capabilities. The exercise will utilize multiple airborne assets, including Blackhawk helicopters and fixed wing aircraft as well as waterborne and surface teams,” reports the Marietta Times.

Although the exercise is couched in serious rhetoric about preparedness, it relates to “no specific threat” and the details are nebulous to say the least and seems to revolve around little else than testing out high-tech surveillance equipment and reminding Americans who their bosses are.”

Obama’s fears of the American people turning against nuclear power, should its true dangers be known, appear to be valid as both Germany and Italy (whose people, unlike the Americans, have been told the truth) have turned against it after the disaster in Japan and vowed to close all of their atomic plants.

Perhaps even more sadly for the American people is this report stating that the Obama regime is “walking in lockstep” with Japan in their attempts to keep the truth of nuclear accidents from their citizens; which in the case of the Japanese can only be labeled as horrific as new evidence points to them knowing within hours of the Great Tsunami that their atomic reactors had melted down, but have only today ordered an evacuation of pregnant women from what are called “radiation hotspots.”

With a country that some scientists are now warning may soon become uninhabitable due to radiation damage, and with reports of mutant rabbits and radioactive whales now being reported, one wonders if in knowing the truth the American people would really want to follow Japan’s “example” instead of those people in Germany and Italy?

But, with an already documented 35% increase in the infant mortality rate for American mothers living in the western coastal regions of the US caused by radiation blowing onto them from Japan being ignored by these people there doesn’t seem to be much hope for them.

© June 16, 2011 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com.

[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]  -  Sorcha Faal is sometimes considered a questionable source in some circles, but if you look back at her record, she has been right and ahead of the curve of US reporting in many areas. We know there was local news reporting about the this plant and the dangers… and nobody has picked it up nationally.  We also know that the information we received about Fukishima and the Gulf Spill was slow coming and inaccurate… so you be the judge.

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This is an extremely dangerous situation. America could have the next Fukishima disaster.

This first video has more pictures of the flooding, but no links below the video.

" Media Blackout " Nebraska Nuclear Plants Flooding !!
I found the following articles through this video.

O Blah Blah orders "NEWS BLACKOUT" Under Fire - China, Russia & More Devestation!!!

US Orders News Blackout Over Crippled Nebraska Nuclear Plant
http://www.pakalertpress.com/2011/06/17/us-orders-news-blackout-over-crippled...

China raises flood alert to top level, 555,000 evacuated
http://www.reuters.com/article/2011/06/17/us-china-floods-idUSTRE75F5W220110617

Explosive Eruption "Likely" At Russian Volcano
http://www.irishweatheronline.com/news/earthquakesvolcanos/explosive-eruption...

NSA allies with Internet carriers to thwart cyber attacks against defense firms
http://www.washingtonpost.com/national/major-internet-service-providers-coope...

Facebook bars users from posting TheIntelHub Articles
http://uswgo.com/facebook-bars-users-from-posting-theintelhub-articles.htm

IMF cuts U.S. growth forecast, warns of crisis
http://ca.news.yahoo.com/imf-cuts-u-growth-forecast-warns-crisis-130529571.html

Japanese: West Coast Americans = You Are Most Screwed!

Japan - Fukushima - it is much worse than you think - from Al Jazeera


Video - Language alert – Passion - Japanese, West Coast Americans = You Are Most Screwed!

ARTICLE - READ IT IF YOU WANT TO KNOW THE TRUTH!

Excerpt:

Radiation monitors for children

Japan's Nuclear Emergency Response Headquarters finally admitted earlier this month that reactors 1, 2, and 3 at the Fukushima plant experienced full meltdowns.

TEPCO announced that the accident probably released more radioactive material into the environment than Chernobyl, making it the worst nuclear accident on record.

Snip

In the US, physician Janette Sherman MD and epidemiologist Joseph Mangano published an essay shedding light on a 35 per cent spike in infant mortality in northwest cities that occurred after the Fukushima meltdown, and may well be the result of fallout from the stricken nuclear plant.

The eight cities included in the report are San Jose, Berkeley, San Francisco, Sacramento, Santa Cruz, Portland, Seattle, and Boise, and the time frame of the report included the ten weeks immediately following the disaster.

"There is and should be concern about younger people being exposed, and the Japanese government will be giving out radiation monitors to children," Dr MV Ramana, a physicist with the Programme on Science and Global Security at Princeton University who specializes in issues of nuclear safety, told Al Jazeera.

And remember the gulf oil spill… Well it just keeps on trucking…

The pictures speak for themselves…

Picture

See more photos here:  Aquariusnation.com  -  June 8th, 2011

Related:

Radioactive Whales Caught 650 km from Fukushima Plant

Friday, April 22, 2011

One Year Anniversary of the Gulf Oil Spill

Here's a roundup of news from today:

  • So do fishermen and local residents:

  • The Associated Press reported recently, some local governments have been using the $754 million in disaster payments from BP to buy iPads, SUVs, and laptops. Meanwhile, BP just gave another $30 million to Florida to help entice tourists onto its beaches this summer
  • The Bureau of Ocean Energy Management, Regulation and Enforcement contracted the Norwegian firm Det Norske Veritas to conduct a forensic examination of the blowout preventer. The blind shear rams, which were supposed cut through and close off the well, failed because a pipe had buckled, the 551-page report concluded—a problem that casts doubt on all the other BOPs in use today

Only 17 months before BP's Deepwater Horizon rig suffered a deadly blowout in the Gulf of Mexico, another BP deepwater oil platform also blew out.

  • A former top oil industry executive says:
Today marks the first anniversary of the worst environmental catastrophe in the history of the US. Unfortunately, most Americans, including our politicians, are suffering from collective amnesia about that tragic event that cost 11 lives, destroyed thousands of jobs, polluted thousands of square miles of the Gulf of Mexico, and damaged the economies of 5 states. As tragic as all those events were (some are still ongoing), media attention has moved on to the Royal Wedding, the next earthquake, and, of course, breathless coverage of American Idol. At the same time, our politicians, especially those in Washington, have used the lack of media attention to not only abdicate their responsibilities to make offshore drilling safer and are actively working to make it less safe, shocking as that seems.
And see this.

Video:  Gulf Oil Spill – 1 Year Anniversary After the Crime Against Humanity

30,000 Confidential Government Documents About The Gulf Oil Spill Made Available By Greenpeace

Congress Fails To Pass A Single Oil Spill Law

Video:  CNN Louisiana Doctor Describes Clusters of Ailments Among Gulf Residents

Related:

Video:  6 Min Discussion of Prophecy Regarding Man Creating Catastrophic Events… and Possible Divine Intervention?

White House Readies ‘US Shake Out’ to Prepare Citizens for Earthquakes

U.S. Government Takes Down HAARP Website to conceal evidence of US weather modification and earthquake inducing warfare

Source:  Washington’s Blog and h/t to Jean Stoner

Thursday, April 14, 2011

HAARP, Chemtrails and Other Manmade Disasters

Video:  HAARP: Persian Gulf Eyewitness

HAARP (High-Frequency Active Auroral Research Program). THE "Weapon of Mass Destruction".

It is the source of artificial weather changes (such as TORNADOS, droughts, flooding, cyclones and tsunamis) and also EARTHQUAKES. Not only that, but the waves that travel into the depths of the ocean heavily hurt and can kill water species, including whales and dolphins.
Find more about HAARP now! YouTube it.

- From Soraya

Video:  History Channel Documentary Validates Chemtrails and Weather Warfare

HAARP and Fukushima Radioactive Tsunami was HAARP used to generate Japan's earthquake AND Tsunami were the nuclear plants at Fukushima deliberately targeted by HAARP in order to create a radioactive Disaster ??? Electrical engineer and researcher Brooks Agnew talked about Project HAARP-styled technology, used by the U.S., China and Russia .High Frequency Active Auroral Research Program (HAARP) is an Illuminati Earthquake machine used in Japan ?

Video:  Japan & HAARP 9 Part 1)

The Bible : Mark 13:8 " For nation shall rise against nation, and kingdom against kingdom: and there shall be earthquakes in divers places, and there shall be famines, and troubles: these are the beginnings of sorrows."

Isaiah 17:12 Oh, " the raging of many nations--they rage like the raging sea! Oh, the uproar of the peoples--they roar like the roaring of great waters!"

HAARP was an idea that the great inventor NIKOLA TESLA had for the world to provide free energy (world wide)  Of course, the planned stopped as soon as the providers heard of this and sold all plans.

If Teslas inventions were not stopped we would be 100 years into the future, but time stopped for us.
And yes, HAARP is very, VERY real folks. It is not some kind of BS that people make up. It can change the weather of the world, it can create "natural" disasters...

It's a doomsday device.

Nuclear workers in Japan evacuated as radiation soars - EXTREMELY high levels of radiation have been detected in water leaking from reactor two of the stricken Fukushima nuclear plant, forcing the evacuation of workers. The level of radiation found in the leaked water was 10 MILLION TIMES HIGHER THAN IT SHOULD BE for water inside the reactor

Japan's Nuclear Meltdown, the Economic Meltdown, and the Gulf Oil Meltdown All Happened for the SAME REASON

Apologists for the nuclear power industry pretend there are no better alternatives, so we just have to suck it up and suffer through the Japanese nuclear crisis.

But this is wholly illogical. The truth is that we can store spent fuel rods in dry cask storage, which is much safer than the spent fuel rod pools used in Fukushima and many American reactors.

As the Nation pointed out:

Short of closing plants, there is a fairly reliable solution to the problem of spent fuel rods. It is called “dry cask storage.” Germany adopted it twenty-five years ago. Instead of storing huge amounts of spent fuel in pools with only roofs over them, small amounts of spent fuel rods are surrounded with inert gas inside large steel casks. These casks are quite stable and secure. At Vermont Yankee one of them was mistakenly dropped a yard or more when a crane malfunctioned—and the cask was fine.

But there is a problem with dry cask storage: it costs money. The track record of the atomic energy industry in the United States—less so in Japan—is to spend as little money as possible and extend the life of old plants for as long as possible, no matter the risks.

We could build a new, safer generation of nuclear power plants which have inherently safer designs, such as low-temperature reactors and thorium reactors.

But the owners of the nuclear plants can make more money with the ridiculous designs and cost-cutting measures used at Fukushima and elsewhere.

As the Christian Science Monitor notes:

Just as the BP oil spill one year ago heaped scrutiny on the United State's Minerals Management Service, harshly criticized for lax drilling oversight and cozy ties with the oil industry, the nuclear crisis in Japan is shining a light on that nation's safety practices.
***
Russian nuclear accident specialist Iouli Andreev, who as director of the Soviet Spetsatom clean-up agency helped in the efforts 25 years ago to clean up Chernobyl ... said the sequence of events at Japan's Fukushima I suggested that the plant's owner, Tokyo Electric Power Company (TEPCO), may have put profit before safety. The fire that broke out Tuesday in reactor No. 4's fuel storage pond may have been caused by a desire to conserve space and money, he suggested.

"The Japanese were very greedy and they used every square inch of the space. But when you have a dense placing of spent fuel in the basin you have a high possibility of fire if the water is removed from the basin," Andreev told Reuters.

TEPCO has come under fire in the past for falsifying safety records at the Fukushima Daiichi plant. In 2002, according to The Wall Street Journal, TEPCO admitted to the Nuclear and Industrial Safety Agency that it had falsified the results of safety tests on the No. 1 reactor.

This was only one in a string of scandals and coverups to mar the Asia's biggest utility company. In 2007, the company initially said there was no release of radiation after an earthquake damaged its Kashiwazaki-Kariwa plant, but later admitted that radioactive water spilled into the Sea of Japan.

And less than a year ago, on June 17, a reactor at Fukushima I lost electricity and saw a dangerous drop in cooling water, Bloomberg reported. TEPCO's president failed to adequately investigate to prevent the current crisis, said Iwaki City council member Kazuyoshi Sato ...

Indeed, Tepco has covered up cracked reactor core containment vessel and other serious problems for decades.

And this is not limited to Tepco. As one commentator writes:

Back in the late 80’s, when I was working for an environmental firm in New Jersey, one of the temps who came through said he’d just come from working at a nuclear plant. He said that his design, as delivered, had sufficient margin and backups to take care of whatever could possibly happen.

The owners thanked him for his work, then sent it to other engineers who cheapened down the whole design. Thinner walls in the pipes, fewer fasteners in the connections, less mass in the building walls, the whole bit. Saving money on the build to pay for higher profits, higher interest to the backers, and generally harvesting the value that should have been spread over the plant’s lifetime. He just shook his head.

The nuclear accident was largely caused because of Tepco's penny-pinching, just as the Gulf oil spill was caused by the fact that BP cut every corner in the book ( see this, this, this,this, and this).

And just like BP captured the agencies which were supposed to regulate it, nuclear agencies have been wholly captured by the nuclear power companies. For example, as the above-quoted Christian Science Monitor article notes:

Andreev, the Russian scientist, has also accused the IAEA of being too close with corporations. "This is only a fake organization because every organization which depends on the nuclear industry – and the IAEA depends on the nuclear industry – cannot perform properly."

And the same is true of the economic crisis. As I've extensively documented, the crisis was caused by big banks and other financial players taking irresponsible and speculative gambles, committing fraud and fudging the numbers, using too much leverage, and other dangerous behavior. See this and this. And - just as with the nuclear and oil industries - the government "regulators" have all be captured by the big companies they are supposed to police, helped the bank robbers pull off the heist, and then helped cover it up afterwards.

Stiglitz Speaks Truth to Power

Nobel prize winning economist Jospeph Stiglitz has been speaking out on this same theme this week.

As Linda Keenan and Janine R. Wedel note:

Stiglitz describes well the intertwining of state and private power [quoting Stiglitz]:

The personal and the political are today in perfect alignment. Virtually all U.S. senators, and most...[House] representatives...are members of the top 1 percent....are kept in office by money from the top 1 percent, and know that if they serve the top 1 percent well they will be rewarded by the top 1 percent when they leave office. By and large, the key executive-branch policymakers on trade and economic policy also come from the top 1 percent. When pharmaceutical companies receive a trillion-dollar gift--through legislation prohibiting the government...from bargaining over price--it should not come as cause for wonder....Given the power of the top 1 percent, this is the way you would expect the system to work.

Stiglitz points out that a system gamed to benefit only that 1 percent is destined to sink us all, eventually, because it means America is squandering its productivity, efficiency, and much-needed infrastructure dollars. We would go a step further and say that this system, of, by, and for the 1 percent, is what paved the way for some of the greatest disasters of the new century. The BP-Transocean Oil Spill and the Wall Street collapse might never have happened without the promotion by shadow lobbyists of loose regulation and/or weak enforcement that benefited themselves and their elite brethen. Japan might not be facing a nuclear crisis, were it not for the fact that the very old reactors at the Fukushima Daiichi plant got an extension to keep operating despite safety concerns. That decision was a byproduct, critics say, of Japan's own gamed system known as amakudari, or "descent from heaven", a longstanding, widespread practice in which Japanese senior bureaucrats retire to high-profile positions in the private and public sectors.

A string of smaller, but still terrible disasters can be traced to weak regulation and/or spotty enforcement: the half-billion eggs that had to be recalled last year; a 2009 plane crash that killed 50 people, which Frontline traced back to the "cozy" relationship between the FAA and carriers, allowing some of them to operate flights despite safety violations; and several mine disasters that have killed dozens in recent years. A Washington Post analysis found that more than 200 former congressional staffers, regulators and retired lawmakers work for the mining industry as lobbyists, senior executives, or consultants. Those last two roles make it possible for top power brokers to shadow lobby - they go unregistered simply by evading formal registration and refusing the accept the title of lobbyist, even if lobbying is essentially what they are doing.

***

A signature feature of the shadow lobbyist era is not just a manipulation of public policy, but also an embrace of "failing upward". No matter the track record, the elite 1 percent seek more of the same. Transocean executives thought they deserved rich bonuses, as did their unabashed, deeply entitled peers on Wall Street, despite their staggering failures.

The CEO of mine operator Massey, who retired a few months back, is due to get a reported 12 million dollars, a year after Massey's Upper Big Branch mine exploded, killing dozens. And then there's egg producer Jack DeCoster, who's been called "Teflon Chicken Don." For years DeCoster has fought various workplace safety and environmental violations. Yet here's what one lawyer who sued DeCoster's company said about him, to Tribune reporter Andrew Zajac: "He gets fined and things happen to him, but he comes back. He always bounces back."

The insulation from failure is galling, to be sure, but it's much more than that. It is both an outrage and a clear and present danger. If executives and stealth power brokers face no repercussions for making risky bets or pushing the limits on safety to save a buck or working the system to their advantage no matter the consequences, what incentive do they have to act more responsibly in the future?

As Stiglitz wrote Wednesday:

The entire financial sector was rife with agency problems and externalities. Ratings agencies had incentives to give good ratings to the high-risk securities produced by the investment banks that were paying them. Mortgage originators bore no consequences for their irresponsibility, and even those who engaged in predatory lending or created and marketed securities that were designed to lose did so in ways that insulated them from civil and criminal prosecution.

This brings us to the next question: are there other "black swan" events waiting to happen? Unfortunately, some of the really big risks that we face today are most likely not even rare events. The good news is that such risks can be controlled at little or no cost. The bad news is that doing so faces strong political opposition - for there are people who profit from the status quo.

We have seen two of the big risks in recent years, but have done little to bring them under control. By some accounts, how the last crisis was managed may have increased the risk of a future financial meltdown.

Too-big-to fail banks, and the markets in which they participate, now know that they can expect to be bailed out if they get into trouble. As a result of this "moral hazard", these banks can borrow on favorable terms, giving them a competitive advantage based not on superior performance but on political strength. While some of the excesses in risk-taking have been curbed, predatory lending and unregulated trading in obscure over-the-counter derivatives continue. Incentive structures that encourage excess risk-taking remain virtually unchanged.

So, too, while Germany has shut down its older nuclear reactors, in the US and elsewhere, even plants that have the same flawed design as Fukushima continue to operate. The nuclear industry’s very existence is dependent on hidden public subsidies - costs borne by society in the event of nuclear disaster, as well as the costs of the still-unmanaged disposal of nuclear waste. So much for unfettered capitalism!

***

In the end, those gambling in Las Vegas lose more than they gain. As a society, we are gambling – with our big banks, with our nuclear power facilities, with our planet. As in Las Vegas, the lucky few - the bankers that put our economy at risk and the owners of energy companies that put our planet at risk - may walk off with a mint. But on average and almost certainly, we as a society, like all gamblers, will lose.

That, unfortunately, is a lesson of Japan’s disaster that we continue to ignore at our peril.

The bottom line is that if we continue to let the top 1% - who are never satisfied, but always want more, more, more - run the show without challenge from the other 99% of people in the world, we will have more Fukushimas, more Gulf oil spills and more financial meltdowns.

As one commentator passionately put it:

Make no mistake. Nuclear power can be safe... if designed by honest and prudent people. Make no mistake. The economies of nations and planets can function well, and life can continuously improve... if only real, physical goods (including gold and silver) are exchanged in transactions.

Make no mistake. Life can be good. Life can be efficient. Life can be benevolent. Life can continuously improve as years go by, and as humans learn more about the nature of reality. The reason everything is getting worse can all be traced back to the predators-that-be, the predator-class, and their endless dishonesty.

Honesty => life, health, happiness, success.
Dishonesty => death, disease, misery, failure.

The dishonest [...] the predators must go.

Note:   This is not a question of left-versus-right. The war between liberals and conservatives is a false divide-and-conquer dog-and-pony show created by the powers that be to keep the American people divided and distracted. See this, this, this, this, this, this,this, this and this.

Instead, it is a question of the powers-that-be waging war on the freedom and wealth of the American people. ... and the people of the entire world.

ZeroHedge.com

Dead-Missing-Jailed BP Whistleblowers

“None are more hopelessly enslaved than those who falsely believe they are free.” -Johann Wolfgang von Goethe

Tuesday, January 25, 2011

America Is Losing the Resource Race

Obama will talk “center” until the 2012 Election, but keep watching the other hand, what he and his cronies are really doing… not saying.  He is helping us lose the resource race and much much more!

Although the Obama administration seems completely oblivious of the fact, the U.S. has now embarked on a race of global proportions, one that will have even greater consequences than did the space race of fifty years ago.  The resource race in which we are now engaged will determine the future prosperity, security, and very survival of America as a nation.

Our main rival in the resource race is China. Unlike our present leadership in Washington, the Chinese leadership recognizes the vital importance of natural resources.  In response, they have adopted a long-term strategy to secure rights to crucial natural resources on every continent.  From iron ore to coal, from farmland to oil and gas, Chinese state-controlled companies are determined to acquire the energy, minerals, and food supplies that will be necessary to propel China into the forefront of nations by the middle of the 21stcentury.

Evidence of this effort surfaces daily.  In 2011, the Chinese are expected to acquire five times the amount of overseas resources as they did in 2004.  In April 2010, the Chinese oil company "Sinopec" purchased a large stake in Canadian oil sands.  Chinese companies have bought up iron ore rights in West Africa and acquired massive Australian coal reserves.  In October 2010, CNOOC, a state-run Chinese oil company, acquired substantial lease rights from Oklahoma City-based Chesapeake Energy.  In joint deals with American gas-producers, the Chinese are set to acquire advanced technology necessary to exploit shale gas fields at home and overseas.  They have entered into long-term joint ventures with Russia, Mongolia, Brazil, and dozens of other countries to assure a plentiful and affordable supply of resources.

What of the United States?  How are we faring in the resource race?

It is true that Energy Secretary Steven Chu has spoken of an "energy race" with China, but his use of the phrase in just another Obama-appointee exercise in Orwellian newspeak.  Secretary Chu is a man with no experience in the production of conventional fuels or in the private sector generally, and when he speaks of the energy race, he does not mean a race to develop greater energy resources, as one might assume.  Instead, he means the destruction of our current sources of energy and their replacement by unproven and costly alternative fuels.

In other words, America has an energy secretary who is fixated on subsidizing technologies that supply only one percent of our nation's energy needs.  Meanwhile, he is ignoring -- and, worse than that, undermining -- the development of the other 99%.  He believes that by starving America of fossil fuels, intentionally driving up the price of gasoline to $4 a gallon, and more, he can force the public to espouse less efficient but politically correct green technologies.

Unlike China, which is pursuing a well-coordinated policy of securing resource rights, America is hobbled by an administration that is ideologically hostile to the exploitation of natural resources.  Obama's fetish for green solutions has created a regulatory climate that has blocked the development of domestic resources, including mountaintop coal and offshore oil.  The same bias has resulted in tax and regulatory policies such as SEC ruling 1504, which forces American resource companies to disclose lease pricing while overseas companies do not.  That ruling, driven by ideological bias rather than reason, puts American companies at a disadvantage when it comes to acquiring overseas resource rights.

Another case in point is the report recently issued by the president's hand-picked drilling commission -- a commission stacked with academics, environmentalists, and Democratic politicians, but not a single representative of any resource company.  By laying blame on "structural problems" in the oil industry and inadequate regulation of said industry, the commission has set the stage for greater bureaucratic control by government. The commission's recommendations include increased funding for new regulation and the lifting of liability caps on energy companies.  These recommendations will delay energy exploration in the Gulf and drive all but the largest companies out of the region.

As it is, Obama's regulators have not approved a single new deep-water drilling permit in the Gulf of Mexico since the Deepwater Horizon accident, nor are they expected to until well into 2012 at the earliest.  Now the president's drilling commission tells us that this is not regulation enough!

The drilling commission was one of a thousand cuts intended to bring down America's resource companies.  The anti-growth regulatory actions of the Obama administration are far too numerous to cite here, but they include the EPA's finding that carbon dioxide is a pollutant, the EPA's apparently baseless investigation of groundwater pollution from  hydraulic fracturing, the EPA's "war with Texas" over state-level environmental regulation of industry, the raising of CAFÉ standards for cars and trucks and the subsidy of electric vehicles, the SEC's proposal that all listed companies must assess the potential effects of climate change in their annual reports, the presidential directive to extend wilderness protections to as much as 140 million acres of public land, the blocking of offshore drilling along both coasts and offshore Alaska, and on and on.

Not content to bleed resource industries dry by regulation and taxation, the Obama administration has facilitated environmental and class-action lawsuits directed against resource companies.  The Justice Department has made no effort to support companies such as Chevron facing lawsuits drummed up by American tort lawyers on the behalf of overseas peasant plaintiffs.  Nor has the administration created a business-friendly legal climate in the United States, as it might by introducing "loser pays"and other fair protections for defendants against frivolous legal actions.  As a result, resource companies, which are often the target of such suits, are drained of capital, and projects are stalled for decades.

In effect, Obama has sold out his country to every special interest group opposed to resource development and economic growth.  Sadly, Americans will be paying the price for this administration's enslavement to these special interests for decades to come.

Unless government changes direction quickly, America is going to lose the resource race.  When that happens, the effects will be devastating and permanent.  Without access to cheap and reliable fuels and other resources, the U.S. will sink to the level of a second-rate nation.  Having won the resource race, China will stride ahead, eventually surpassing America as a military and economic powerhouse.  And for this, America will have Barack Obama to blame.

by Jeffrey Folks is author of many books and articles on American culture and politics – Posted: American Thinker