Big Oil Maneuvering and Vestiture, or The Unified Theory of Obama Fail

23Jun/1050

Big Oil Maneuvering and Vestiture, or The Unified Theory of Obama Fail

As William Teach points out, the left blogosphere is freaking out over the revelation that the judge who overturned the moratorium on deep-water drilling has investments in oil stocks. I would rather that that weren't the case [correction: it was not actually the case], honestly, but it is a demonstrable fact that the Obama administration deliberately misrepresented the findings and recommendations of their panel of experts regarding what should be done. Ken Salazar is seeking the overturning of the overturning of the moratorium on drilling.

Meanwhile, what's not receiving a lot of focus is Obama's own economic interests in preventing Gulf drilling. As I mentioned yesterday, Obama's wealth is largely held in two Vanguard funds. Vanguard was among the companies that dumped BP stock shortly before the disaster. It now turns out that BP informed the office of mineral managment that there were problems with the well back in mid-February. That led to the sacking of Birnbaum, no doubt, though Pelosi tried, with her usual mendacity, to blame it on burrowed-in Bush holdovers. Apart from the timing of the stock dumping, and the revelation that the feds had indeed been informed earlier on of potential problems, there's the issue of Soros' timely investment in Petrobras, backed up by US billions. Many of us found it scandalous that Obama was opposed to US offshore drilling before the disaster, but ready to invest in offshore drilling for Brazil, which, environmentalists will tell you, has the greatest biodiversity on the planet. Those rigs represent an enormous investment. If there's a moratorium, they're not going to wait around for it to be lifted: instead, they will move to where they are permitted to be utilized, in this case, Brazil.

China is backing Cuba to perform drilling in the Gulf. Other countries will no doubt wish to up their stakes. Those operations will be completely outside of US control.

But for Obama and company, that's not a bug, but a feature, because what they really want to do is convert the US economy away from oil towards biofuels, wind, and other renewables, despite the disastrous economic consequences already experienced by nations that tried to bottle unicorn farts. That they have significant investment in such projects is entirely justifiable in their eyes, because of the benefits they naively believe such schemes will confer. These projects are to be mandated by the EPA power grab and the imposition of cap-and-trade schemes, benefitting the likes of Franklin Raines, and justified through the cultivation of climate hysteria.

Mistress of Disaster and Serial Architect of Fail Jamie Gorelick meanwhile works as legal counsel for BP, and like Raines earned millions for driving Fannie and Freddie into the ground and imposing an enormous burden on US taxpayers. No clawback for them.

Circling back to Salazar, the Department of the Interior has been charging the Border Patrol millions in fines for "ecological damage" inflicted in the performance of their duties. It's my belief that those people negatively affected by the federal government's refusal to enforce the laws of the US ought to sue the hairy hide off of the agencies responsible. That Mexico has gotten involved in this dispute is a travesty. And it turns out that Kyl was absolutely right about what Obama intends: to make border security, despite the invasion of savage Mexican drug lords, hostage to the vote-building strategy of blanket legalization.

There's simply no other way to explain the administration's refusal, rather than mere inability, to come to grips with the spill. They see it as an opportunity, and Rahm has already signalled that in the upcoming elections, the Dems intend to run against BP, despite their own links with the company that was going to save the world.

UPDATE: La Malkin, The Threat of Illegal Alien Amnesty-by-Executive Order.

IBD on Soros and Salazar. More on Petrobras.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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Comments (50) Trackbacks (7) ( subscribe to comments on this post )

Joe
June 23rd, 2010 - 10:39

Good post.

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meep
June 23rd, 2010 - 18:55

“vestiture”?!

Who do you think you are?! WFB, jr.?!

And to fail, you actually need to have tried to do something at some point. I hear tell Obama had a real job once, scooping ice cream. Maybe he didn’t make a good cone?

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meep
June 23rd, 2010 - 18:58

btw, I am shocked SHOCKED to find that the Prez holds any stock whatsoever.

I heard he hadn’t invested in anything, which wouldn’t be surprising as it sounded like he & Michelle liked to live beyond their visible means. Heck, I had to get out of the market a year ago due to debt [& underemployment]. But I guess the book royalties bulked up the balance sheet.

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- Pablo
  June 23rd, 2010 - 21:37
  
  Mistress of Disaster and Serial Architect of Fail Jamie Gorelick…
  
  Nice, but I’m sticking with Calamity Jamie. Great post, Dan.
  
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  - Pablo
    June 23rd, 2010 - 21:38
    
    Hey, what’s that doing up here? Oh, I mentioned Jamie and it all went wrong. Figures.
    
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Joe Smith
June 23rd, 2010 - 20:51

C’mon, everyone, repeat after me – the U.S. is under attack – and this time, it’s an planned-out, man-made environmental disaster. That’s right – Obama and his handlers planned this disaster a long time ago – probably before his election – on the theory that things would have gone so well on health care that the U.S. would embrace cap and trade in the wake of this oil spill. Let me be clear (hat tip: Obama) – this is ALL kabuki theater. Obama doesn’t care about the spill because he and the people pulling his strings CAUSED the spill. Obama is purposefully getting in the way of cleaning up the spill so as to maximize the damage – this was all part of the plan. These evil people are convinced that Obama is about to usher in a new age of socialism and “fairness” – but to do it, they have to bankrupt the U.S. and make it powerless. This is exactly what they’re up to – we are under attack by our own Federal Government. Wonderful.

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- Irene Flick
  June 24th, 2010 - 03:04
  
  There has not been a comprehensive excuse for why this rig blew up in the first place. I see a conspiracy all over this never-ending devastation.
  
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  - Granny
    June 24th, 2010 - 13:07
    
    I’ve suspected sabotage all along. Of course, if it’s true that BP reported problems with the rig in February, it doesn’t seem like it would be too difficult to allow things to progress to the point where the rig would explode. But I guess I’m just cynical, huh?
    
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    - Freedom's Daughter
      June 24th, 2010 - 13:34
      
      Just forcing them to drill in such extremely deep waters is enough to sabotage oil companies; you have to know that a disaster is in the making, and the clock begins ticking as soon as the well starts pumping.
      
      So, yes, it was the liberals that did this, with their ridiculous regulations, that tie and strangle businesses. It is loooong past time for the USA to remove regulations that strangle business, so that capitalism can take off, and the American Dream once again becomes a reality.
      
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- Corrinne N
  June 27th, 2010 - 03:25
  
  Unfortunately you are correct. If you look at the Wall Street Journal article “BP Decisions Set Stage for Disaster” You can see how it was done. Another article said the engineers had a knock down drag out fight with the BP management over the removal of the drilling mud because it was wrong and very unsafe.
  
  For those who think this type of maneuver to get public acceptance of disastrous laws never happens please google Nicole Johnson and Food safety fraud and her other article History HACCP and food safety. Both are well researched. Googling John Munsell or Stan Painter and HACCP will verify Nicole Johnson’s work.
  
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ericinva
June 23rd, 2010 - 20:56

Nice job weaving all these threads together, Dan.

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JD
June 23rd, 2010 - 21:08

Great post, Dan. You are about to get a HotAir-lanche.

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happyfeet
June 23rd, 2010 - 21:10

hi Mr. Dan can we add the phony commission president bumblefuck appointed to decide the fate of his job-destroying moratorium?

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Fred
June 23rd, 2010 - 21:28

Joe Smith says: June 23, 2010 at 8:51 pmC’mon, everyone, repeat after me – the U.S. is under attack – and this time, it’s an planned-out, man-made environmental disaster. That’s right – Obama and his handlers planned this disaster a long time ago – probably before his election – on the theory that things would have gone so well on health care that the U.S. would embrace cap and trade in the wake of this oil spill. Let me be clear (hat tip: Obama) – this is ALL kabuki theater. Obama doesn’t care about the spill because he and the people pulling his strings CAUSED the spill. Obama is purposefully getting in the way of cleaning up the spill so as to maximize the damage – this was all part of the plan. These evil people are convinced that Obama is about to usher in a new age of socialism and “fairness” – but to do it, they have to bankrupt the U.S. and make it powerless. This is exactly what they’re up to – we are under attack by our own Federal Government. Wonderful.

———–It started in 2008 with economic Jihad.

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happyfeet
June 23rd, 2010 - 21:29

Oppenheimer oil analyst Fadel Gheit thinks BP could end up in bankruptcy if costs exceed $100 billion, a possibility if partners in the stricken well, such as Anadarko Petroleum, pin full responsibility on the company.

If so, BP may have to part with some prized assets. Chinese and Russian oil companies less in sync with Washington could step in as buyers, changing the geopolitics of the oil industry. “Companies will be interested in buying assets in Azerbaijan, Angola, Brazil, and potentially also Norway,” says Gudmund Halle Isfeldt, an analyst at DnB Nor, Norway’s largest bank. *

Obama’s legacy just gets deeper darker longer lasting, no?

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Fred
June 23rd, 2010 - 21:31

Obama dithered on sending troops to Afghanistan. Obama wasn’t concerned about the oil spill. And remember the economic crash in 2008, what did Obama say? They will contact me if they need me. No worry, he knew that they had his economic Jihad going as planned.

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LarryG
June 23rd, 2010 - 21:33

There’s more:
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/the-bp-lobbyist-whose-brother-has-obamas-ear-96299254.html

http://dailycaller.com/2010/06/22/what-people-pay-tony-podesta-1000-an-hour-to-do/

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PatriotGams123
June 23rd, 2010 - 21:44

Great post. *Twittered link.* :)

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heidi
June 23rd, 2010 - 22:02

http://thehill.com/blogs/blog-briefing-room/news/105067-gop-lawmakers-echo-becks-claims-against-soros

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BlackJacq
June 23rd, 2010 - 22:09

One other detail….Nobel-prize-winning, Secretary of Energy, Steven Chu, selected Steve Koonin to be undersecretary for science at the DOE in March 09. Where did Koonin work before that? As Chief Scientist for BP.

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sauropod
June 23rd, 2010 - 22:10

Vanguard sold the BP holdings in its two Windsor funds, but from what I understand, those aren’t the funds Obama owns. He owns shares of the Index 500 Fund and the Social Index Fund, neither of which is connected to Windsor or Windsor II. Vanguard’s actions wouldn’t have affected Obama’s holdings at all.

“Obama and his handlers planned this disaster a long time ago – probably before his election …”

It’s all a giant conspiracy! Like the second gunman on the grassy knoll …

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quellcrist cavalli-sforza
June 23rd, 2010 - 22:15

lawl….
unified field theory of Obama succeed is more like it.
Finreg, HCR, cap-n-trade will pass after the midterms, and amnesty is back on the table.
We already won…..we elected a black man and a public intellectual 365 to 173.
all that is left is the weeping and gnashing of teeth.

magical thinking is not going to help you, Danny boi.
enjoy your white conservative christian extinction.

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- Pablo
  June 23rd, 2010 - 22:21
  
  we elected a black man and a public intellectual
  
  Well, you’re half right.
  
  Wait, make that a quarter.
  
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- enoch_root
  June 24th, 2010 - 05:46
  
  why.,… it’s Thor!
  
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- David
  June 24th, 2010 - 07:23
  
  Hey quellcrist cavalli – STFU You are part of the problem. Why do you hate America? It’s because of IDIOTS like you that we have Obama. Disgust is not a strong enough word for what I feel about your comment. You make me SICK.
  
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- Rev Dr E Buzz Miller
  June 24th, 2010 - 09:38
  
  “we elected a black man and a public intellectual”
  
  But he didn’t know what his spiritual advisor was talking about?
  
  Not a word did he heard…nothing.
  
  And tell that public intellectual to say Massachusetts correctly. It’s not Massatoosits.
  
  But he’s so smart he can crush rocks with his pituitary gland.
  
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- buddy larsen
  June 24th, 2010 - 22:25
  
  “Extinction”? As in, genocide? Wow, no wonder this is your first time in power –you’re *crazy*.
  
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10J
June 23rd, 2010 - 22:36

We elected a LIAR.

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Heidi
June 23rd, 2010 - 23:15

And there is this…. http://www.telegraph.co.uk/finance/currency/7849965/Soros-tells-Germany-to-step-up-to-its-responsibilities-or-leave-EMU.html

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David
June 23rd, 2010 - 23:39

Sometimes, I hate it when I’m right.

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russ in nc
June 24th, 2010 - 05:10

Just one question: in all this chaos is there a way for me to get rich? I’ve got two or three thousand still sitting in my savings account.

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Lazarus Long
June 24th, 2010 - 05:22

Oh Great Cthulu, the fascist twat is infecting YOUR blog, too?

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Crush Liberalism
June 24th, 2010 - 05:28

magical thinking is not going to help you, Danny boi.

…was followed by…

enjoy your white conservative christian extinction.

Irony. It’s not just for breakfast anymore.

Have you seen the polls, sweetheart? Your boy is cratering, and he’s taking his whole Marxist party down with him. But hey, whatever sweetens your dreams.

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Black Sabbath
June 24th, 2010 - 09:16

Remember folks, if you want this madness to end, support and vote in Conservatives this November. Let’s do our part to neutralize this incompetent horror in the White House. And demand that your rep repeal Obamacare.

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Hello
June 24th, 2010 - 10:19

Hey. I seriously require help starting out online. Can somebody reply to this post and ping me an email. Will pay for private techning!

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HOMELAND INSECURITY
June 24th, 2010 - 12:56

And the INVASION continues… http://www.BorderInvasionPics.com

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