Fausta's blog

Faustam fortuna adiuvat
The official blog of Fausta's Blog Talk Radio show.

Thursday, July 24, 2008

Chavez and Ceresole, and Hugo goes to Russia

Today's WSJ has an article by Travis Pantin, Hugo Chávez's Jewish Problem, which highlights the ideological connection between Hugo Chavez and Norberto Ceresole.

Norberto who, you ask?

Norberto Ceresole. Pantin explains,
As an alleged oppressor of the Palestinian Arabs, Israel has its own place of special infamy in Mr. Chávez's worldview. This latter theme has served him particularly well in his efforts to mobilize the sentiments of his rural constituents. Thus, during a 2005 speech marking Columbus's discovery of the Americas, Mr. Chávez likened the plight of Venezuela's Indians to that of Palestinians. Reminding his listeners of how their ancestors had been "murdered in their land" by "governments, economic sectors and great land estates," he thundered: "You were expelled from your homeland, like the heroic Palestinian people."

All of these elements seem entirely derivative of Marxist-Leninist theorizing, with a strong admixture of postcolonialism à la Franz Fanon and Fidel Castro. But Mr. Chávez is not just another Latin American leftist on the Castro model. While the Cuban dictator may be his most important political influence, his greatest intellectual debt is to the Argentinian writer and thinker Norberto Ceresole: a man not of the left but of the populist right, a Holocaust denier and a sworn enemy of Israel and the Jews.

Born in 1943, Ceresole was one of the leading spokesmen for the radical populist government of the Argentine president Juan Perón. Later, in the guise of a political theorist, he argued that the only appropriate leaders for Latin American nations were caudillos: nationalist, militarist and charismatic strongmen capable of ushering in a "postdemocratic" age in which the region's people would become effortlessly at one with the generals who would direct every aspect of society. Led by a group of such caudillos, a confederation of Latin American fascist states would then be in a position to beat back American global hegemony.

Ceresole reportedly traveled with Mr. Chávez during his initial bid for power. After the latter's 1998 victory, he published a celebratory volume, "Caudillo, Army, People: The Venezuela of President Chávez." The second chapter is entitled "The Jewish Question and the State of Israel." In it, Ceresole espoused a "new revisionism" that defined the Holocaust as a "myth" and Israel as a global menace:

The existence of this political enterprise—Israel: a power concentrated in the monopoly of monotheism and implemented through an army, police forces, jails, tortures, assassinations, etc.—seeks to consolidate itself through a series of ideological manipulations in the bosom of the hegemonic power of the United States, which seeks to be accepted as the ruler of the world by any means, even generalized terror, and dissuasive and persuasive practices.

It was for this reason, according to Ceresole, that one of the greatest threats to the Chávez regime lay in Venezuela's "Jewish financial mafia." Indeed, the Venezuelan Jewish community as a whole was to be considered guilty of race-based hostility to Chávez's redemptive nationalist movement.

* * *

The ingeniousness of Ceserole's doctrine, as filtered through the sensibility of Hugo Chávez, resides in its blending of Marxist economics with two venerable anti-Semitic traditions. The first, still powerful in South America, derives from Catholic teachings about the historic Jewish responsibility for the death of Jesus. The second, encapsulated most notoriously in the "Protocols of the Elders of Zion," has flourished in both rightist and leftist variations throughout modern European history, resurfacing in our own time in the fulminations of extreme anti-Zionists.
This is an ominous sign, and yet one more symptom of the illness that is Chavez's regime.

But caudillismo itself is nothing new: Latin America has suffered immensely by holding on to their tradition of caudillismo, and by staying away from true democratic institutions.

Will they ever change?

Hugo and Mendevev
Hugo and Medvedev

In other Chavez news, he's talking big in Russia, pushing for a natural gas OPEC-like cartel and mutual investment protection.

Hugo was also saying that
if Russian military forces ever visited Venezuelan territory, they would be greeted "by flying colors, drum beats and songs, as this means the arrival of our allies with whom we share the same view on the world."
Worried that this might imply that Russia's welcome to build a military-technical base on its territory, the Venezuelan government was quick to correct that, saying that it only means that the Russian Navy would be welcome to dock at a Venezuelan port.

It's all so redolent of the Cold War it makes one want to send The Hunt for Red October's Jack Ryan to Caracas.

Crossposted

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Sunday, July 06, 2008

One side benefit of the Colombian hostage rescue: No Alo Presidente!

Noticias 24 reports that Hugo's weekly 4-hours long TV program is "suspended until further notice", due to
Chavez's heavily-booked schedule this upcoming week.
Following the Colombian hostage rescue he probably doesn't have much to brag about.

As far as Hugo's schedule goes, the Venezuelan Minister of Communications mentioned that Colombian President Alvaro Uribe is scheduled to visit Venezuela on July 11 and the Petrocaribe summit's scheduled for July 12-13.

Chavez's situation in either visit will be vastly different from what anyone pictured four months ago. Now he's in a sweat, being the big loser in the hostage liberation.


Unless he can come up with a really good powerpoint presentation, he can kiss the Nobel Peace price good-bye. But don't count him out yet. At the current oil prices, he's still got the bucks to carry him through.

Crossposted
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Thursday, June 19, 2008

Sue Opec?

"Sue Opec", says Thomas Evans in today's NYT.

Oh, please.

Let's waste time in court instead of aggresively developing the reserves that we know already exist, building nuclear plants and developing oil shale? Should we push for a symbollic propaganda move (which will generate even more anti-American press), or focus on America becoming independent of foreign oil?

By the time any such lawsuit would make it to court, the American consumer will be purchasing oil pumped from ANWR. We're talking decades-long lawsuit here. And forget about collecting damages of any kind in the unlikely event the US wins.

Aggresively exploiting the reserves that we know already exist, building nuclear plants, developing oil shale, and exploring new reserves will do far more for America's security and independence from foreign oil, and it will destabilize Opec (and their terror-sponsoring dictatorships) more effectively than any lawsuit.

Never mind the question of whether OPEC is telling the truth about their reserves.

Sue Opec? No, thanks.

'nuff said.

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House Dems want to nationalize oil industry

I was wondering if the Dems would come up with a Pooh approach to energy, and Francis Porretto pointed out in the comments
Don't imagine for a minute that the Democrats don't grasp the importance of increasing our domestic oil supply. They do; that's why they're against it.

William E. Simon noted in his magnificent memoir A Time For Truth that those who love power also love scarcity, for scarcity confers power on whoever can get control of the supply of the scarce item. Democrats are eager for a genuine energy shortage to befall us, because it would allow them to institute rationing and government allocation of petrochemicals -- a complete stranglehold over the American economy.
The House Democrats are tripping over themselves to prove Porretto's point:

Link: sevenload.com



Allahpundit points out that
this makes two congressional Democrats on record within the past month as supporting an overtly socialist "solution" to gas prices. How many others agree with a plurality of their base but simply haven't spoken up yet?
Rest assured that the environmental concerns would vanish as soon as that happens. Mary Anastasia O'Grady said it best,
It comes down to this: Where government has the property right, restrictions on development tend to be low. But when the private sector is the owner, environmental concerns blossom.
Jay quotes Rep. Maurice Hinchey (D-NY),
Rep. Maurice Hinchey (D-NY), member of the House Appropriations Committee and one of the most-ardent opponents of off-shore drilling, "We (the government) should own the refineries. Then we can control how much gets out into the market."
Listen to Porretto, folks.

UPDATE
Sister Toldjah outlines Pres. Bush's plan:
1. Increase access to the Outer Continental Shelf (OCS).
2. Tap into the extraordinary potential of oil shale.
3. Permit exploration in the Arctic National Wildlife Refuge (ANWR).
4. Expand and enhance our refinery capacity.
Yes, I know, we should have been doing this six years ago.

Don't miss the Daily Blog Buzz.

Speaking of ANWR (via Sam)


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Wednesday, June 18, 2008

Bush asks Congress to clear way for offshore oil drilling

Thank you, Mr. President:
President Bush asked Congress Wednesday to permit drilling for oil in deep water off America's coasts to combat rising oil and gas prices.
...
Bush also renewed his demand that Congress allow drilling in Alaska's Arctic National Wildlife Refuge, or ANWR, clear the way for more refineries and encourage efforts to recover oil from shale in areas such as the Green River Basin of Colorado, Utah and Wyoming.

Bush said that the basin potentially contains more than three times as much recoverable oil as Saudi Arabia's proven reserves, and that the high price of oil makes it profitable to extract it.
At the Beeb
President George W Bush has called on Congress to end a 27-year ban on drilling for oil in US coastal waters, to reduce dependence on imports.

Look at the numbers:
Estimated reserves:
18bn barrels of recoverable oil
77 trillion cubic feet of natural gas

US annual energy usage:
7.6bn barrels of oil
21 trillion cubic feet of gas
As McCain said,
...speaking in Houston on Tuesday, Mr McCain called for the ban to be lifted to help counter US dependence on foreign oil.

"This was a troubling situation 35 years ago. It was an alarming situation 20 years ago. It is a dangerous situation today," he said.

"And starting in the term of the next president, we must take control over our own energy future and become once again the master of our fate."
We also need to increase refining capacity.

We'll see if Congress can ever get around to understanding the importance of energy to their future, or whether they'll dream of a Pooh approach.

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Monday, June 16, 2008

The Brazilians must have been reading Luke 11:9

Luke 11:9 And I say unto you, Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you.

Knock, knock:
BG, Petrobras Find More Oil in Brazil's Santos Basin
BG Group Plc, the U.K.'s third-largest oil and gas company, and Petroleo Brasileiro SA made a second discovery in Brazil's Santos Basin.

The Guara exploration well struck oil in the BM-S-9 concession area, according to the partners, which also include Repsol YPF SA. That's in the same block as the Carioca discovery in September, which Brazil's petroleum regulator said may contain as many as 33 billion barrels of oil.
...
Guara and Carioca are ultra-deep wells beneath a salt layer under the seabed known as pre-salt fields. These fields lie below as much as 10,000 meters (33,000 feet) of ocean and seabed, forming a new province of Brazilian oil reserves beneath shallower existing fields.

Tupi Field

BG and Rio de Janeiro-based Petrobras are also exploring the Tupi field in the Santos Basin. Tupi, the biggest discovery in the Americas since 1976, and the nearby fields may cost $240 billion to exploit, according to estimates from Peter Wells, director of U.K. research firm Neftex Petroleum Consultants Ltd. and a former Royal Dutch Shell Plc exploration manager.
Or, as IBD put it,
Amazing what you find if you just keep looking out there. Why can't the U.S. Drill Like Brazil?
Why? Because of Congress.

And let's not forget that Brazil will soon be drilling off the coast of Florida, too.

UPDATE
Welcome, Instapundit readers. For more items on Latin America, please visit this Monday Carnival.

Follow-up post
Why Brazil Isn't Ashamed to Exploit Its Oil

Others blogging on this
Powerline
The Discerning Texan
Ace O'Spades
Gateway Pundit
Transterrestial Musings

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Sunday, June 15, 2008

Scientists find bugs that eat waste and excrete petrol

Human ingenuity rises to the challenge:
Scientists find bugs that eat waste and excrete petrol
Silicon Valley is experimenting with bacteria that have been genetically altered to provide 'renewable petroleum'


As soon as the process becomes commercially viable, Congress will come along and tax the sh*t out of them.

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Friday, June 13, 2008

The Congressional anorexics

Congress insists in a form of energy resource anorexia: locking up our natural resources as a matter of public policy. Like the eating disorder, the present Congressional dysfucntionality changes the body image from that of a healthy organism to that of a starving skeleton.

Today's WSJ refers to Congress as $4 Gasbags, and here is a description of their anorexia (emphasis added):
Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress's recent antics. Members have debated ideas ranging from suing OPEC to the Senate's carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for "price gouging" - everything except expanding domestic energy supplies.
America has plentiful resources:
While energy "independence" is an impossible dream, there's no doubt the U.S. has vast undeveloped fossil-fuel deposits. A tiny corner of the Arctic National Wildlife Refuge contains an estimated 10.4 billion barrels of oil and would be the largest producing oil field in the Northern Hemisphere. Yet the Senate blocked that development as recently as last month. The Outer Continental Shelf is estimated to contain some 86 billion barrels of oil, plus 420 trillion cubic feet of natural gas. Yet of the shelf's 1.76 billion acres, 85% is off-limits and 97% is undeveloped.

Engineers recently perfected refining solid shale rock into diesel or gas, which may amount to the largest oil supply in the world – perhaps as much as 1.8 trillion barrels in the American West. That's enough to meet current U.S. oil demand for more than two centuries. Yet as late as 2007, Democrats attached a rider to the energy bill that prohibits leasing the federal interior lands that contain at least 80% of America's oil shale. The key vote was cast by liberal Senator Ken Salazar from Colorado, of all places.
Will the Republicans, starting with John McCain, wake up and make this the crucial issue of the upcoming election?

Or are going to keep looking in the mirror seeing a skeleton?

UPDATE
Via Maria, Voters Say 'Drill' -- But Neither Candidate Gets It

Via Denny


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Thursday, June 12, 2008

Democrat stupidity on drilling endangers our economy

Yid With Lid has a great post on oil drilling
The Number ONE economic issue in this election season should be energy, specifically tapping America's incredible domestic energy resources.Its time for America to wake up and smell the gas fumes. TODAY the US is sitting on an estimated 115 billion barrels of oil and 633 trillion cubic feet of natural gas, if tapped it would be enough to drive down the price of oil, lower the cost of producing food cutting down those costs, and free the United States from the grip of the Oil Producing countries, many of which use their petrodollars to fund terrorism. Sounds Cool right? Lets Go DO IT !!! Well we can't.

U.S. Federal government and various states ban drilling in thousands upon thousands of square miles off the U.S. Coast. So we are at the mercy of both OPEC and the overreacting environmentalists. Yesterday our friends in the Democratic Party blocked a bill that would allowed off shore drilling between 50 and 200 miles from shore. In other words far enough away from shore to protect the coastline.
Via Babalu,

Over 640,000 people have signed Newt's petition for Congress to allow drilling in proven oil reserves. You can sign here.

It's time for real change:




Prior posts:
Thank you, Democrat Congress
China, Venezuela and now Brazil soon to be drilling off the coast of Florida while America sits on its own natural resources

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Wednesday, June 11, 2008

Thank you, Democrat Congress

From the Anchoress' post, Oil Inventories short; prices soar:
Today Dems rejected a plan to open US waters to drilling
What kind of numbers are we talking about?
According to Peterson's office, the U.S. Minerals Management Service estimates that 86 billion barrels of oil and 420 trillion cubic feet of natural gas can be found along the U.S. outer continental shelf, the area affected by the ban.
When the Democrats took over Congress on January 4, 2007, the average price of regular gasoline was $2.33 per gallon.
Today gas is over $4.00 per gallon.


So, what is Obama saying?


See that "CHANGE" sign in the background? Well, remember it when you don't have any change left in your pocket.

Prior post: China, Venezuela and now Brazil soon to be drilling off the coast of Florida while America sits on its own natural resources
The NO Zone:


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Sunday, June 08, 2008

Fuel for the political fire? and other Sunday items

Fred Barnes argues that
Republicans finally have a winning argument on a big issue, and they'd better make the most of it. It starts with high gasoline prices--the single most infuriating issue to voters these days--but doesn't end there.

Democrats are not being blamed for causing the price of gasoline to reach $4 a gallon, at least by the public and at least for now. Where Democrats have stumbled embarrassingly is in their campaign to persuade the public that the American oil industry is the chief culprit. A Gallup national poll in May found only 20 percent blame the oil companies for gouging, down from 34 percent a year ago.

Where Republicans have succeeded is in selling their solution to soaring gas prices: drilling for oil offshore and on federal lands, areas now off limits. In the Gallup survey, support for drilling in precisely these areas jumped from 41 percent in 2007 to 57 percent in May.

So Republicans have an issue to exploit. And it's one on which Democrats are especially vulnerable because they promised in the 2006 campaign to offer a "common sense" plan to curb gas prices. They have yet to produce one, and the price per gallon of gas has risen by more than $1.60 since Democrats took control of Congress in January 2007.

Democrats have also insisted--unwisely, it turns out--on pushing to enact a global warming bill that would further boost the price of gas and rake in trillions of dollars in new revenue. This might have made sense a few years ago,
but not in the days of public anger over $4 a gallon gasoline.

As a result, an amazing role reversal occurred on Capitol Hill last week. Republicans, once fearful of the climate change issue, suddenly demanded more debate in Congress on global warming legislation. Democrats, who had earlier promoted the legislation as a top priority, turned squeamish and quickly dropped the issue before it could do serious political harm.

Both House speaker Nancy Pelosi and Senate majority leader Harry Reid have cast global warming as the greatest threat facing America today. In fact, Pelosi was so concerned about this grave threat that, shortly after taking charge of the House, she vowed to bring a global warming bill to the floor by July 4, 2007. Now, though a bill is ready, she's unlikely to schedule it for debate and a vote in 2008.
Let's hope Barnes is right. The moment the US Congress authorizes drilling for oil offshore and on federal lands, in addition to new nuclear plants and refineries, three things will happen:
1. the price of gas will decrease
2. the value of the dollar will go up
3. oil revenue-dependent tyrannies across the world will take notice.

Let's hope it happens sooner rather than later.
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The WSJ's Five Best books on superb opinion journalism, selected by George Will,



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Today's shoes, perfect for the heatwave, Adidas thongs:

I like the black and white, but it comes in four colors.

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Friday, June 06, 2008

Leftie Nicaraguan U.S. critic made UN assembly president -- update: Daniel Ortega missing

An Communist American-born Catholic priest is president of the next UN Assembly:

Nicaraguan U.S. critic made UN assembly president
A former Nicaraguan leftist foreign minister who has been a sharp critic of U.S. governments was elected on Wednesday as the next president of the U.N. General Assembly.

But within hours of his election, Miguel D'Escoto Brockmann said he wanted to turn a page on his past comments and work with the United States and other countries. Washington's U.N. envoy said he had similar assurances and would wait and see.

D'Escoto was elected by acclamation by the 192-member assembly after standing unopposed as candidate of Latin American and Caribbean countries, whose turn it is to hold the post. He will assume the year-long job in mid-September.

The assembly president has little power but chairs an annual gathering of world leaders in late September. He or she also presides over regular assembly debates, many on development issues, and oversees a long-running drive to expand membership of the powerful U.N. Security Council.

D'Escoto, 75, was foreign minister in the left-wing Sandinista administration that ruled Nicaragua from 1979-90, during which time it fought against an insurgency by U.S.-backed Contra rebels.
The "former" Sandinista is also a Catholic priest:
The son of a diplomat, D'Escoto was born in Los Angeles and ordained as a Roman Catholic priest. He espoused the left-wing liberation theology movement within the Catholic Church and backed the Sandinistas in the late 1970s, earning a reprimand from Pope John Paul II for involvement in politics.
Since the article does not mention that D'Escoto was not defrocked I assume he is still a priest. Like Fernando Lugo, the recently-elected president of Paraguay, he's another liberation theology-devotee who embraced Communist guerillas in the 1960s and 1970s.

Here in the USA we might elect a President closely aligned with black liberation theology. For more on that, please read Obama, Black Liberation Theology and Karl Marx parts one and two.

Listen to Faustas blog on internet talk radioWe'll be talking about liberation theology in today's podcast at 11AM Eastern. Please join us.

In other Nicaraguan news, Chávez oil fails to stem Nicaragua crisis
As the situation worsens, a growing chorus of critics are questioning the oil promises made to Nicaragua under the label of the Bolivarian Alternative for the Americas, or ALBA - Chávez's leftist trade alliance among Venezuela, Bolivia, Cuba, and Nicaragua.

"ALBA is a mystery enveloped in a cloud of fog, wrapped in an enormous enigma," Mr. Aguirre says.

Though the lawmaker says that Venezuelan aid could "theoretically" be a great help to an impoverished country such as Nicaragua, the secrecy with which ALBA has been handled by Ortega has only fueled criticism and conjecture.

European donor countries – as well as the International Monetary Fund, opposition lawmakers, civil society, and the national media – have all asked for an explanation of Venezuelan aid under ALBA. But so far Ortega has remained tight-lipped, aside from admitting that Venezuelan aid to Nicaragua already totals $520 million.
D'Escoto's patron Daniel Ortega doens't want people to know where that half a billion dollars is going to:
Economists, too, are unable to explain ALBA, or account for the $520 million that Venezuela has supposedly given to Nicaragua – money that Ortega manages in a separate discretional fund with no third-party oversight.

Ortega's explanation of ALBA aid – including $35.3 million for unidentified "social programs" and $60.6 million for "other programs" – has done little to satisfy the opposition's call for transparency and accountability.
We'll keep an eye on this story; Nicaragua's regime is the most vulnerable of all the regimes Hugo's propped up so far.

Maggie reminds me that Obama's willing to send the UN trillions of dollars.

UPDATE
Apparently no one knows where Daniel Ortega's gone to after the Rome conference... Must have been some partee! The Nicaraguan press says he's governing by remote control (link in Spanish via Kate).

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Tuesday, June 03, 2008

China, Venezuela and now Brazil soon to be drilling off the coast of Florida while America sits on its own natural resources

Petrobras studying block in deep Cuban waters
Brazilian state oil company Petrobras is studying a block in deep Cuban waters for possible exploration as part of broader cooperation with the Caribbean island, a top advisor to the company said on Friday.

"We are planning to cooperate not only in exploration and production, but lubricants, refining and training," Andre Ghirardi told Reuters in Havana at a one-day meeting of Brazilian and Cuban businessmen.
That way they can all drink our milkshake:
The US Geological Survey estimated the North Cuba basin could contain 4.6 billion barrels of oil, with a high-end potential of 9.3 billion barrels, and close to 1 trillion cubic feet of natural gas.
Let's take a look at the NO Zone:


What are the US politicians doing?
The Senate will vote this week on a bill that will raise energy prices, create a huge federal bureaucracy when we have too many as it is, and will lower carbon emissions over the next 25 years by half of what we've accomplished over the last six through free-market initiatives
The House & the Senate can bring down the price of oil and raise the value of the dollar if they dared to approve drilling of ANWR and offshore drilling, increasing the coal industry, and approving nuclear power plants and new refineries.

Instead, they are looking for ways to further sink the economy with bills like Lieberman-Warner Climate Security Act of 2008.

Shame on them.

UPDATE, Wednesday 4 June
Welcome, Protein Wisdom readers! Please visit often.

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Friday, May 30, 2008

The collapsing Venezuelan oil industry

Venezuela's Petroleum Imports Surge. No, it's not a typo. It's imports they're talking about (emphasis added):
Venezuela's state petroleum company, Petroleos de Venezuela, increased petroleum imports by nearly 150% between the first quarter of 2007 and the same period this year, bank statistics show.

A report by the Venezuelan central bank this week demonstrated that petroleum imports reached $1.5 billion during the first quarter of 2008. The imports, which include diesel oil, gasoline and chemical additives for gasoline products, are the country's highest in more than a decade.
Additionally, Venezuela's lying about its total oil production:
Venezuela's state oil company says it produced 3.15 million barrels per day last year. Analysts including the Paris-based International Energy Administration put Venezuela's production at around 2.4 million.

Mr. Garcia said that while the petroleum sector reported growth of 3.3% in the first quarter, this figure is "not consistent with the number of active rigs." PDVSA declared an emergency shortage of oil rigs last July, and the company's year-end report showed they had just 111.
My friend Brian Faughnam of the Weekly Standard Blog:
Venezuela should be awash in wealth derived from the high price of oil, but Chavez's government has been siphoning off oil profits rather than reinvesting them in production. Combine that with the seizure of assets from private companies and the confiscatory windfall profits tax on the private firms that remain, and suddenly Venezuela seems unable to make money off its vast oil resources. (More on the failures of state-owned oil companies here.)

This is more bad news for Hugo Chavez, who has seen Brazil check his ambitions in the region, and who has been embarrassed by the discovery of his ties to FARC (the death of whose leader is mourned by Chavez). At home his enemies are finally presenting a united front against him. It may be only a matter of time before Chavez has to decide whether to depart the scene gracefully, or to cling to power by force.

The US Congress should jump at this opportunity and aggressively enact laws allowing drilling at ANWR and offshore, the further development and use of coal, and the building of oil refineries and nuclear power plants. These measures would all cause the price of oil to drop immediately and in the long run. They would also substantially weaken the power of oil tyrants like Chavez and the Middle East dictators.

Will Congress do that?

Of course not.

UPDATE
Via Larwyn, Don Suber posts that
Newt Gingrich gets the petition rolling to get Congress to open up offshore drilling.
...
The group is American Solutions, a 527 started by Newt Gingrich. Sign the petition here
Let's see if Congress will listen.

Via Denny,


House of Oil Repute

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Friday, May 23, 2008

How to reach $300/barrel oil

Now that everyone's bellyaching about $135/barrel oil (or whatever record-high price it reaches today), let's review how we got here:
  • No new oil refineries in decades
  • No nuclear power plants built in the USA since the 1960s
  • Severely restrict drilling and exploitation of our own oil resources, while the Chinese drink our milkshake off Florida
The US government is limiting access to our own resources, as Shell's John Hofmeister explained
According to the Department of the Interior, 62 percent of all on-shore federal lands are off limits to oil and gas developments, with restrictions applying to 92 percent of all federal lands. We have an outer continental shelf moratorium on the Atlantic Ocean, an outer continental shelf moratorium on the Pacific Ocean, an outer continental shelf moratorium on the eastern Gulf of Mexico, congressional bans on on-shore oil and gas activities in specific areas of the Rockies and Alaska, and even a congressional ban on doing an analysis of the resource potential for oil and gas in the Atlantic, Pacific and eastern Gulf of Mexico.
The Democrat's response: they want Hofmeister to guarantee that prices will not go up again. Top that one with Maxine Water's proposal to nationalize (she couldn't get herself to utter "nationalize", so she stumbled with "socialize") the oil companies. Here's the video.

Up to now, it was absolutely inconceivable to me that a sitting representative would actually threaten - forget about suggesting - to nationalize a whole sector of private industry.

The Democrats are unable to understand that they are handing our own national security over to terror-supporting nations that produce oil; not only by guaranteeing a constant flow of dollars to them, but by granting them the power to manipulate the American economy.

I totally agree with Kim at Wizbang,
Now, if the US government and the Democrats like Ms. Waters were truly interested in erasing the oil companies' record profits and helping the American consumers, then they would be doing everything they could to increase oil and gasoline production so as to saturate the market. The price of oil and gasoline would then drop through the floor. Remember when oil was $8 a barrel and gasoline was a mere $.95? Oil companies were merging left and right because they couldn't stay in business on their own and the price of gas wasn't on the American people's radar. If punishing the oil companies is truly what Democrats like Maxine Waters really want to do, then they would glut the market. They would change the law so that the supply of oil and gasoline vastly outpaced demand and oil and gas prices dropped.
In all their self-serving grandiosity the Democrats want the price oil to continue to rise since it will bring about chaos to a Republican administration.

Socialism has failed everywhere, but to the Dems, if it brings them to power, they are willing to drive us to ruin. The bottom line is this: the more dependent we become on government the less prosperity we will ever enjoy.

As long as they steer the ship of state, expect oil to reach $300/barrel in the future.

UPDATE
... to be left-liberal and Left these days, you have to be ignorant of economics.
More on Maxine via Obi's sister>

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Wednesday, May 14, 2008

Note to Obama: No Arabic spoken in Afghanistan, & today's roundup

Afghans don’t speak Arabic
In Afghanistan, it's any of a half dozen other languages — including Pashtu, Dari, and Farsi.
Maybe he hopes they all indulge in Obamaspeak.

The cult goes on:
Via Allahpundit, Obamatopia.

Obamatopia's the future of this:


Campaign spot and Doug Ross are on the same page.

And let's not forget Sweetie:

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Sadr City Residents Battle The Iranian-Backed Mahdi Army
Basra is now free of the Mahdi Army oppressors, so we can expect Mosul (and therefore Iraq) will soon be free of al-Qaeda. Once this is done it will be time to unfurl some well deserved congratulations for our armed forces, the armed forces of Iraq and the people of Iraq. Hopefully the Democrats will see fit to acknowledge the important milestone when Iraq has purged al-Qaeda from all its strongholds. There will always be dead-ender believers, but that is not excuse to recognize the sacrifices and accomplishments of the final defeat of al-Qaeda in Iraq.
Will you find this in the headlines?
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8 yr old girl used as a suicide bomber.
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Towards a More Peaceful World. Anyone who thinks that women are peaceful didn't go to an all-girls' school.
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What Is Justice for A Rape Victim?
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Polar bears are now in the endangered list: not a good thing, says Hugh Hewitt.

Bye-bye, ANWR.
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Via Betsy, Too "Complex"? Thomas Sowell explains why the price of oil is going up.
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Via Instapundit, Race and the 2008 Election
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Twelve year old Faryl Smith wows judges and crowd


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Thursday, May 01, 2008

U.S. terror report cites Venezuela, Iran, Syria

U.S. terror report cites Venezuela, Iran
Venezuela's associations with terror states, Iran's meddling in Iraq and the resurgence of al Qaeda in Afghanistan top the concerns in a new State Department report on terrorism threats in countries around the world.

enezuelan President Hugo Chavez is not cooperating with U.S. anti-terror efforts and has "deepened Venezuelan relationships with state sponsors of terrorism Iran and Cuba," the annual report says.

The report notes Chavez's "ideological sympathy" for the Revolutionary Armed Forces of Colombia and the Colombian-based National Liberation Army, which "regularly crossed into Venezuelan territory to rest and regroup."
It's more than just "ideological sympathy", it's $300 million, too.
While the report says it "remained unclear to what extent the Venezuelan government provided support to Colombian terrorist organizations," it notes that Venezuelan weapons stocks have turned up in the hands of Colombian terrorist organizations.

It also notes that Iran and Venezuela began weekly flights between their capitals, and the passengers were not subject to proper checks. Among the passengers was a suspect in the plot to bomb New York's John F. Kennedy International Airport.
Allow me to point out that the flights make stops in Syria, with which Chavez claimed to be "strongly united against the imperialistic aggression and hegemonic pretensions of the U.S. empire" a couple of years ago
But back to the report:
"Venezuelan citizenship, identity, and travel documents remained easy to obtain, making Venezuela a potentially attractive way station for terrorists," the report says.
Among the many joint projects, a natural gas cartel.

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Sunday, February 10, 2008

Special podcast on Venezuela tomorrow at 2PM Eastern

As I posted yesterday, courts in Britain, the Netherlands and the United States agreed to freeze assets worth $2 billion U.S. dollars owned by Venezuelan state oil company Petroleos de Venezuela SA (PDVSA), by granting Exxon an injunction. The reason for the injuction is so that Exxon would receive payment should it win arbitration over Venezuela's nationalization of the Cerro Negro heavy oil project that the Venezuelan government nationalized.

Monica Showalter of Investor's Business Daily, and venezuelan blogger Alek Boyd of VCrisis discuss the injuction and what it means for Venezuela. The podcast is scheduled for 2PM Eastern.

I'll open chat by 1:45, and the call-in number is (646) 652-2639. Join us!
Listen to Fausta's blog on internet talk radio

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Saturday, February 09, 2008

Venezuela: UK Court gives ExxonMobil injunction over US$12 billion in PDVSA assets

Analysis: Venezuela-Exxon dispute incandesced, triggering oil market concerns
Courts in Britain, the Netherlands and the United States agreed to freeze assets worthy of some 12 billion U.S. dollars owned by Venezuelan state oil company Petroleos de Venezuela SA (PDVSA), announced Exxon on Friday.

Exxon, the world's largest oil company, has fought for compensation for a project loss in Venezuela's nationalization drive of its energy sector.

The orders guarantee Exxon's payment should it win arbitration over Venezuela's nationalization of the Cerro Negro heavy oil project.
...
The Exxon announcement came at a time when the Venezuelan government is reportedly in need of cash to fund President Hugo Chavez's social programs.

U.S. daily Los Angeles Times reported that the PDVSA renegotiated a loan of some 1.1 billion dollars from the French Bank BNP Paribas recently.
At the Venezuelan blogs:
Venezuela News and Views: The PDVSA 12 billion: They are missing or not? They matter or not?
The Devil's Excrement: UK Court gives ExxonMobil injunction over US$12 billion in PDVSA assets

I'm trying to schedule a special podcast today, and will be adding to this post. Stay tuned!

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Thursday, January 24, 2008

Venezuelan troops seize food

Hugo's price controls cause food shortages, and now comes the next step:
Venezuelan troops seize food
Venezuela's top food company has accused troops of illegally seizing more than 500 tonnes of food from its trucks as part of President Hugo Chavez's campaign to stem shortages.

The leftist Chavez this week created a state food distributor and loosened some price controls, seeking to end months of shortages for staples like milk and eggs that have caused long lines and upset his supporters in the OPEC nation.

The highly publicised campaign has also included government crackdowns on accused smuggling, with the military seizing 1,600 tonnes of food and sending 1,200 troops to the border with Colombia.
While Venezuelan oil exports decline, PDVSA has opened a new division called PDVAL, PDVSA Alimentos, to import food (faster than producing it).

As I have been mentioning for a while (since at least September of 2005 when I compared Hugo with Mugabe), property rights are a thing of the past in Hugolandia:
He also threatened to expropriate companies selling food above regulated prices.

"Anyone who is distributing food ... and is speculating, we must intervene and we must expropriate (the business) and put it in the hands of the state and the communities," Chavez said during the inauguration of a new state-run market in Caracas.
And expect the same in Bolivia, with its irriversible reforms.

After all, Hugo's getting his coca paste directly from Evo
Chávez, who does not drink alcohol, added that just as Fidel Castro '"sends me Coppelia ice cream and a lot of other things that regularly reach me from Havana," Bolivian President Evo Morales "sends me coca paste . . . I recommend it to you."
But never mind that: Venezuela to sue U.S. at OAS over drug accusations
Venezuela's government announced Tuesday that it aimed to sue the United States at the Organization of American States (OAS) over its "baseless charges" against Caracas' drug-fighting efforts.
Gustavo Coronel has reasons to wonder whether there will be a lawsuit, or a complaint of some sort instead. So far, it's only an informal complaint.

As I was posting on April of 2006, Venezuela has become the #1 transit hub for the drug trade.

The road to Communist hell is a downwards spiral.

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