By Chuck MacNab
We wrote last week about the need to develop nuclear energy and want to add to those remarks – so here are some further thoughts on energy.
China is developing coal and energy resources at the fastest rate on earth. With one and a half billion people to feed, house and employ, they need to move without hesitation. The Chinese authorities understand that a nation’s economic well being depends on an affordable supply of energy and they are going about trying to meet their needs for the future. Using the economic slowdown and its attendant bargain prices for resource companies, they are using the money that Americans spend on Chinese goods at Wal-Mart to buy up as much of the world’s commodity resources as they can. Both large and small companies that own promising resources of iron ore, copper, coal, oil, nickel, etc. have recently been bought out partially or wholly by Chinese money. The Iranians are building pipelines into China with money from oil revenues and Chinese bank loans. Saudi Arabia is building the world’s largest oil refineries and storage facilities in China, all with the blessing and possibly the funding of the Chinese government. Coal resources and the infrastructure to reach them are being developed with Chinese money in Mongolia.
It’s not like the Chinese are paying attention to Al Gore’s global warming ideas or that they intend to abide by any agreement between their competitors to limit greenhouse gases. Petrobas, the Brazilian oil company, has found a world-class oil discovery off the Brazilian coast and one of Obama’s main campaign money sources, George Soros, is 30% owner of the company. According to media sources, the oil from the deposit has been pledged to China so not a drop of it will likely be used in the United States. But guess what? That hasn’t deterred Obama from making billions dollars of American taxpayer money available to develop the Petrobas resource. This simply looks like a payoff for George Soros and it smacks of corruption in high places. That’s nothing new or abnormal to a politician from Chicago. Years ago, President Eisenhower had a Chief of Staff who took a Vicuna coat as a gift from a lobbyist and was thrown out of the White House for it. Now, apparently, the President can arrange for his main moneyman and campaign donor to receive billions of dollars of government funding and the major media doesn’t even bat an eye.
Meanwhile, Obama and the left wing environmentalist nut cases are banning all offshore drilling in the U.S., shutting down exploration and development on Federal land, preventing exploration and development on Alaska’s north slope and telling citizens that they will have to buy energy from windmills, solar panels and whatever else costs three times more than traditional sources. They’re not moving forward rapidly in nuclear energy, as they should, and there is no priority for developing clean coal technology either. In fact, they are making it difficult to operate existing coal fired plants. Americans won’t just be expected to pay for a massive climate hoax; they will be forced to by heavy taxation. This isn’t just bad policy. It’s CRAZY policy that is way beyond the pale!
The whole global warming pandemic is the creating a further economic meltdown for Americans. All of it to create a draconian reality for political reasons out of mythology based on phony science and unreal statistics. Oh, and incidentally, their political pals will get billions to spread around, spend on private jets, and keep their elites in office – while privately acknowledging what suckers ordinary people are.
American prosperity was built on a foundation of relatively inexpensive energy and raw materials. Now the enemies of capitalism are taking revenge on that process by the reversing it. They want every citizen to be dependent upon them for everything. They want total control. And, as we have said before, the Constitution is an inconvenient obstacle that they intend to turn into a meaningless document. If nothing else, if successful, the result will teach us the value of what we so easily let go.
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