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Tag: Oil


Insensitivity? Never Waste a Serious Crisis

In the words of Rahm Emanuel, “Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.”

Well, our President is certainly wasting no time to push through draconian climate and energy legislation, that’s for sure, while millions of people and a coastline are in the middle of suffering from the worst environmental disaster in U.S. history: http://www.breitbart.com/article.php?id=CNG.63a128958094fb519016d188cf557e83.101&show_article=1

“‘In the same way that our view of our vulnerabilities and our foreign policy was shaped profoundly by 9/11, I think this disaster is going to shape how we think about the environment and energy for many years to come,’ he told Politico.com.”

“Obama said he would be making a fresh bid to get Congress to pass a major energy and climate bill.”

Good yet odd timing, I must say, Mr. President.

Dumping the Dollar in the Middle East, Russia, China, Japan, and France?

From the Independent: The demise of the dollar:

“In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

“Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

“‘These plans will change the face of international financial transactions,’ one Chinese banker said. ‘America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.'”

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