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.