Most of the left is pissed, saying that it’s the same law that was rejected before. The Right seems to be pleased.
Should be interesting, to say the least.
Technorati Tags: Politics, Opinion, FISA, Congress, White House, Bush,
My reaction?
It can be summed up in 3 words….
Big Honking Deal!
John McCain is going to get his Anus handed to him on a silver platter come November, so, this, is not going to matter, to the General Public at all.
So, while principles are very important, being separated from George W. Bush and a new Direction in Iraq, A New direction for our Nations economy is much, much, more important than this.
Technorati Tags: Politics, Opinon, Barack Obama, John McCain, Campaign Finance, Election 2008, Election 08
Quote:
Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields, according to ministry officials, oil company officials and an American diplomat.
The deals, expected to be announced on June 30, will lay the foundation for the first commercial work for the major companies in Iraq since the American invasion, and open a new and potentially lucrative country for their operations.
The no-bid contracts are unusual for the industry, and the offers prevailed over others by more than 40 companies, including companies in Russia, China and India. The contracts, which would run for one to two years and are relatively small by industry standards, would nonetheless give the companies an advantage in bidding on future contracts in a country that many experts consider to be the best hope for a large-scale increase in oil production. –Deals With Iraq Are Set to Bring Oil Giants Back – NYTimes.com
When I first read it, I thought…”So?” and then here’s the Moonbat line in the story:
There was suspicion among many in the Arab world and among parts of the American public that the United States had gone to war in Iraq precisely to secure the oil wealth these contracts seek to extract. The Bush administration has said that the war was necessary to combat terrorism. It is not clear what role the United States played in awarding the contracts; there are still American advisers to Iraq’s Oil Ministry.
Nice Accusation, with, of course, Zero Proof.
This should be interesting to watch, and watch the Liberal Democrat use this an excuse to Nationalize the United States oil industry.
(via Memeorandum)
Technorati Tags: Big Oil, Politics, Opinion, Big Oil, Business,
As rule, I do not publish much from Cybercast News Service, because they are a Conservative Propaganda outfit, and not a hard news organization. But I thought this one was quite interesting.
Because I blog about Conservative-related issues, I am signed up with NewsMax, which is owned by Conservative tycoon, Rupert Murdoch. I was constantly getting these advertisements for some big oil in Montana and North Dakota that was worth investing into.
Well, turns out, that little pipedream, is just that, A pipedream!
The Cybercast News Service Reports:
Reports circulating on the Internet tell of an oil field spanning parts of western North Dakota and eastern Montana where 400 billion barrels of oil supposedly are just waiting to be tapped. However, the U.S. Geological Survey (USGS) tells Cybercast News Service that those huge estimates are "a myth."
A USGS report issued in April estimates that there are between 3 billion to 4.3 billion barrels of oil in what is referred to as "the Bakken Formation" — well below the 400 billion barrels discussed on the Web, but up from the previous estimate of 151 million barrels made in 1995.
Richard Pollastro, Bakken Formation task leader at the USGS, said the myth stems from a 1999 draft report — never published — by a now-deceased USGS employee, Leigh Price. Price estimated that the Bakken Formation holds up to 400 billion barrels of oil. To put that in perspective, Saudi Arabia, the world’s largest oil producer, has about 260 billion barrels of known oil reserves.
Price, however, died in 2000, before his study could be peer-reviewed and published, and the Bakken Formation became the fool’s gold of the oil industry.
"Unfortunately, in many instances, we are still trying to explain and defend our assessment versus the inappropriate and irresponsible posting of Dr. Price’s ‘draft report,’" Pollastro told Cybercast News Service.
According to Jonathon Kolak, a USGS scientist and information specialist, the discrepancy between Price’s 1999 estimates and the agency’s 2008 findings arises from the fact that Price was trying to assess the "oil generation potential" of the oil found in the pores of rocks and shale in the Bakken field, as well as the total content of how much oil might be pooling up – or "oil in place."
"What Dr. Price was looking at was ‘oil generation potential,’ and then, from that, trying to make an estimate of ‘oil in place,’" said Kolak. "Those terms are very distinct from ‘undiscovered technically recoverable resources.’"
The latest study, which was commissioned by U.S. Sen. Byron Dorgan (D-N.D.), is an estimate of how much "technically recoverable" oil and gas is available — i.e, how much oil can actually be recovered using today’s technology.
Kolak also explained that the 25-fold increase between the 1995 estimates and the 2008 assessment is due to two factors: an improved understanding of the geology and advances in drilling technology.
"Our understanding of the geology improved significantly because of the time difference between the studies," he said. "There has been some drilling since then, there has been a lot more information that has come out, other people have conducted studies, and also USGS researchers have conducted studies."
Moreover, drillers are utilizing directional drilling in the Bakken fields, a way of drilling at an angle to tap previously unrecoverable reservoirs.
"If you’ve been out to western North Dakota, you don’t need a USGS report to know that there’s oil there because you can see from all the drilling activity that there’s a lot of energy development going on in western North Dakota," Dorgan spokesman Justin Kitch told Cybercast News Service .
Kitch admits that comparing Price’s 1999 study to the April USGS study is like comparing "apples and oranges."
"But certainly it’s nice to have an up-to-date assessment of the amount of oil that’s technically recoverable in the Bakken," he said.
In 2006, Marathon Oil bought 200,000 acres in the Bakken to drill over 300 wells. This past May, after the report was released, Texas-based XTO Energy bought 352,000 net acres in the Bakken Shale for $1.9 billion.
The federal government, meanwhile, said only a small proportion of the oil available with today’s technology is economically viable for recovery.
"If you’re drilling the Bakken, it’s pretty easy to drill somewhere in there and at least see some oil, but the question is: Is there enough there to get out and actually be economically recoverable?" Kolak asked.
At the end of 2007, about 105 million barrels of oil had been produced from the Bakken Formation.
The USGS, meanwhile, considers any release or dissemination of Price’s unpublished report to be "inappropriate and irresponsible."
Glad I did not invest it that little pipedream, and I’d bet there are some pretty ticked off investors right now.
You know, people will blanch or laugh when I say this, but here’s the proof. Welcome to the new Che Nation, thanks to the God-less Commie Liberals.
Technorati Tags: Politics, Oil Industry, Congress, Liberals, Democrats,
It seems that Larry Sinclair, the guy who is, in fact, a convicted criminal, who has made some pretty wild and quite unbelievable accusations against Obama. was arrested yesterday after a circus-like press conference yesterday.
Reason Magazine was there and reports:
How did Sinclair hold up? Rather terribly. He started with a lengthy statement that admitted most (not all) of his crimes and dispatched Sibley to run around the room with a microphone. As Seth Colter Walls recounts, most of the questions were legalistic and (somewhat) credulous. Sinclair was asked who funded the event (donors, over the internet), how he made his living (he’s on disability), and whether Obama was “well hung” (I’m not going to dignify his answer here). The only new “evidence” he presented was the name of a limo driver and the bar where he claimed to have met Obama (who, in Sinclair’s story, used his real name and job title as he rendevouzed with a cruising criminal he’d never met before).
It also seems that the ending of the Press Conference didn’t not go so well either:
“Thank you.” Sinclair moved on and Sibley refused to let me ask another question. Why didn’t I wait until the end of the press conference and rush up to the accuser? The second Sinclair stopped taking questions, he fled the room and reporters were denied access to anyone but Sibley. I was a little disappointed until I heard the reason. Larry Sinclair was arrested after the press conference and is being held by the Washington, D.C. metropolitan police. He’s been charged as a fugitive from justice; one of his warrants can be seen here.
So much for making a big impression of the Main Stream Media. Anyhow, I predict that this will be yesterdays news by later today. Although, it did kind of strike me as quite funny that the Police would show up and have the man arrested, Although, from what I read, a couple of talk show jocks were behind that.
I also noticed something else, AmericaBlog Reports:
In his post about Larry Sinclair, the now-jailed (again) guy spreading bizarre rumors about Obama, Ben Smith notes the following:
At the Press Club, Avi also ran into Will Bower, a sometimes-Huffington Post blogger who founded “Party Unity, My Ass” – a group for die-hard Clinton supporters that are now backing McCain – and was invited by the McCain campaign last weekend to meet with the presumptive Republican nominee, and called Sinclair’s story “worth exploring.”
And from Ben’s post 4 days ago, we confirm that Will Bower was in fact invited, and did attend, a private meeting with McCain last weekend. Anyone else find it interesting that McCain is wooing a guy who is telling the media that Sinclair’s smears are “worth exploring”? I’d love to know what the McCain campaign’s involvement is here, whether they talked to Bower about this story, whether Bower told them he was going to the press conference, whether they’re now prepared to reject and denounce Bower for trying to push this story? It’s just a bit sleazy finding John McCain’s name mixed up in all of this.
Now that would be some news, McCain springs the guy out and lets him tell his story to the McCain supporters. Although, I highly and seriously doubt that McCain’s people would even touch this story or this guy. Because if he is largely discredited, and McCain used this, it would blow up in his face. Hell, even Huckabee even said if the G.O.P. tried to demonize Obama that they would pay for it dearly.
Like I said, this rather silly story will be yesterday’s news by noon today.
Technorati Tags: Larry Sinclair, Barack Obama, Politics, Opinion, Election 2008, Election 08, democrats, Liberals,
The Politico reports:
Two Muslim women at Barack Obama’s rally in Detroit on Monday were barred from sitting behind the podium by campaign volunteers seeking to prevent the women’s headscarves from appearing in photographs or on television with the candidate.
The campaign has apologized to the women, both Obama supporters who said they felt betrayed by their treatment at the rally.
“Although we welcome the Obama campaign’s apology, we are extremely concerned about the level of Islamophobia in our society that would prompt other minorities to view Muslim supporters as potential liabilities. We hope that Senator Obama will personally apologize to the two women and that he decries the current Islamophobic climate in our nation that is not only attacking him but has even jaded some within his own campaign.”
Seriously people, what further proof do we need that this man isn’t ready to be president.
Update: Not sure if anyone else has mentioned this or not, But if John McCain’s staffers had pulled something like this, the level of outrage would be deafening, and He would have been shamed out of the race. But when Barry’s people does it, it is no big deal and will be yesterday’s news by tomorrow.
Technorati Tags: Barack Obama, Politics, Detroit, Opinion, Liberals, Democrats,</
Just one thing to say there, you Commie Liberal Fascist Asshole.
Fuck Off….
If you’re Blog is any indication of the intelligence level that runs in your family. I can certainly see where you got it from.
I can also see where you get your disrespectful attitude too.
Now go play pivot boy to your circle jerk Liberal Boyfriends and have a nice day.
NEXT!
Technorati Tags: John Cole, Democrats, Blogs, Liberals, Liberal,
Senator Barack Obama claims to be the Senator of Hope and Change, and of New Politics.
If this is the case, then what the heck do you call this? Click here, Please.
I mean, I can see people not liking the site, But threats? Foul Language? Why can’t Obama supporters handle criticism of their so-called “messiah?”
I mean, what else do we need to see, to finally figure out, that this man is nothing more than some sleazy Chicago politician?
At this point, he could be promising a million bucks for every US Citizen, I still wouldn’t vote for him. Not because he is black, but because he’s a fake, offering false hope, and pipe dreams, idealism and smoke and mirrors. All the while taking your money and laughing behind your back.
If that Bastard gets elected, I fear the direction that this country will take. He must be defeated. There is no more question about, he must be defeated at ALL costs.
Technorati Tags: Barack Obama, Politics, Democrats, Democrat, Liberal, Election 2008, Election 08, Obama, Opinion, Obama Exposed,
This is from the same party, who highlighted John Kerry on a wind sail, which was flipping back and forth, and they used that, as one of the biggest examples of his leadership.
This is the same party which claims that “staying the course” and not giving up, in Iraq, is the only solution to the supposed, “War on terror”.
Now, Who’s the flip flopper?
Technorati Tags: Politics, Opinion, Republicans, John McCain, McCain, Bush, White House, Congress, Offshore Oil Drilling, Gas Prices, Opinion,
