Oil
Obama’s Algae vs. Oil Speech Destroyed! (Prager & Krauthammer)
Ezra Levant Talks About Sheila Leggett`s Kangaroo Court in Ontario
There’s one thing that I’m certain of-Return I will to old brazil-That old brazil~Frank Sinatra
Investing In Soros/Brazil
Crude Oil and Stock Markets React to North Korean Attack
Another Oil Rig Explodes (Shallow Waters)
UPDATE: No drilling going on at site.
HotAir breaking news, another Oil Rig explodes. HA points out that this rig is in shallow waters, so we will see a comparison of times in capping it if it is leaking:
Three big differences from the Deepwater explosion, right off the bat: (a) This one isn’t owned by BP (and apparently never was, contrary to what one of our commenters claimed in another thread); (b) the 13 crew members are overboard but are all alive; and (c) it’s located in shallow water, so even if the worst occurs and another leak is detected, presumably plugging it would be easier and quicker.
Mariner Energy focuses on oil and gas exploration and production company focused on the Gulf of Mexico. In April, Apache Corp., another independent petroleum company, announced plans to buy Mariner in a cash-and-stock deal valued at $3.9 billion, including the assumption of about $1.2 billion of Mariner’s debt. That deal
is pending.Apache spokesman Bob Dye said the platform is in shallow water.
Responding to an oil spill in shallow water is much easier than in deepwater, where crews depend on remote-operated vehicles access equipment on the sea floor.
…(read more)…
Who Ass To Kick? The Government, That’s Whose!
Drilling Moratorium Lifted By Upper Court – Good News!
This is great news! Jindal and others were worried that this moratorium would make some companies move elsewhere, thus making this 6-month job killer extend even further.
Sunday by Jindal and state Atty. Gen. James D. “Buddy” Caldwell asserts that the moratorium could convince big oil companies to move their rigs out of the Gulf of Mexico to Brazil or Africa, with “little chance of their immediate return.”
…(read more)…
So here is the story about the moratorium being lifted. Again, great news for our economy.
The Obama administration lost its court bid to maintain a six-month moratorium on offshore deepwater drilling which a federal judge ordered lifted last month.
The Fifth Circuit Court of Appeals denied the government’s emergency request to stay that judge’s order pending appeal.
The motion was denied because the government failed to show “a likelihood of irreparable injury if the stay is not granted,” the appeals panel judges wrote in a 2-1 ruling.
[…]President Barack Obama acknowledged the moratorium would cause economic harm, but said it was necessary to give investigators adequate time to understand what caused the accident and create new safety regulations.
Oil companies and Louisiana politicians railed against the moratorium, saying it would cause further economic devastation and that rigs and drilling plans should simply be inspected on a case-by-case basis.
Louisiana Governor Bobby Jindal hailed the court’s decision Thursday but expressed concern that the uncertainty has created a “de facto moratorium” which could cost the state 20,000 jobs.
“We absolutely want drilling to be done safely and do not want another spill or one more drop of oil on our coast or in our water, but thousands of Louisianians should not have to lose their jobs because the federal government can’t adequately do its job of ensuring drilling is done safely,” Jindal said in a statement.
“The federal government has an entire agency dedicated to monitoring safe drilling. It shouldn’t take them six months or longer for a new national commission to ensure safety measures are in place and their laws and regulations are being followed.”
…(read more)…
“Is U.S. Now On Slippery Slope To Tyranny?” Thomas Sowell
Degeneration of Democracy
(REAL CLEAR POLITICS & WASHINGTON EXAMINER)
When Adolf Hitler was building up the Nazi movement in the 1920s, leading up to his taking power in the 1930s, he deliberately sought to activate people who did not normally pay much attention to politics. Such people were a valuable addition to his political base, since they were particularly susceptible to Hitler’s rhetoric and had far less basis for questioning his assumptions or his conclusions.
“Useful idiots” was the term supposedly coined by V.I. Lenin to describe similarly unthinking supporters of his dictatorship in the Soviet Union.
Put differently, a democracy needs informed citizens if it is to thrive, or ultimately even survive. In our times, American democracy is being dismantled, piece by piece, before our very eyes by the current administration in Washington, and few people seem to be concerned about it.
The president’s poll numbers are going down because increasing numbers of people disagree with particular policies of his, but the damage being done to the fundamental structure of this nation goes far beyond particular counterproductive policies.
Just where in the Constitution of the United States does it say that a president has the authority to extract vast sums of money from a private enterprise and distribute it as he sees fit to whomever he deems worthy of compensation? Nowhere.
And yet that is precisely what is happening with a $20 billion fund to be provided by BP to compensate people harmed by their oil spill in the Gulf of Mexico.
Many among the public and in the media may think that the issue is simply whether BP’s oil spill has damaged many people, who ought to be compensated. But our government is supposed to be “a government of laws and not of men.” If our laws and our institutions determine that BP ought to pay $20 billion– or $50 billion or $100 billion– then so be it.
But the Constitution says that private property is not to be confiscated by the government without “due process of law.” Technically, it has not been confiscated by Barack Obama, but that is a distinction without a difference.
With vastly expanded powers of government available at the discretion of politicians and bureaucrats, private individuals and organizations can be forced into accepting the imposition of powers that were never granted to the government by the Constitution.
If you believe that the end justifies the means, then you don’t believe in Constitutional government. And, without Constitutional government, freedom cannot endure. There will always be a “crisis”– which, as the president’s chief of staff has said, cannot be allowed to “go to waste” as an opportunity to expand the government’s power.
That power will of course not be confined to BP or to the particular period of crisis that gave rise to the use of that power, much less to the particular issues.
When Franklin D. Roosevelt arbitrarily took the United States off the gold standard, he cited a law passed during the First World War to prevent trading with the country’s wartime enemies. But there was no war when FDR ended the gold standard’s restrictions on the printing of money.
At about the same time, during the worldwide Great Depression, the German Reichstag passed a law “for the relief of the German people.” That law gave Hitler dictatorial powers that were used for things going far beyond the relief of the German people– indeed, powers that ultimately brought a rain of destruction down on the German people and on others.
If the agreement with BP was an isolated event, perhaps we might hope that it would not be a precedent. But there is nothing isolated about it.
The man appointed by President Obama to dispense BP’s money as the administration sees fit, to whomever it sees fit, is only the latest in a long line of presidentially appointed “czars” controlling different parts of the economy, without even having to be confirmed by the Senate, as Cabinet members are.
Those who cannot see beyond the immediate events to the issues of arbitrary power– versus the rule of law and the preservation of freedom– are the “useful idiots” of our time. But useful to whom?
Joe Barton Apologizes To BP CEO Tony Hayward
6/17/10: In a House Energy and Commerce hearing, Rep. Joe Barton (R-TX) calls the establishment of a $20 billion Gulf Coast recovery fund a “tragedy,” and apologizes to BP CEO Tony Hayward for a White House “shakedown” he calls illegal behavior.
BP, Fannie Mae and Freddie Mac | Judge Napolitano’s “Outro”
While filling in for Glenn Beck Judge Andrew Napolitano closes the show with this short but insightful commentary.
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