A world in economic crisis

Oil Spill Gulf of Mexico – the LSM is complicit in its silence.

Posted in Cap and Tax, Gulf of Mexico oil spill, USA by Aussie on July 4, 2010

MSM Wall Protecting Obama Gulf Oil Spill Response Cracks With Latest AP Report | NewsBusters.org

What to do? Where should I post about what has become a very serious crisis situation in the USA, yet one that is being ignored? I am choosing to post this on my blog regarding a world in economic crisis because the long term consequences of this oil spill and the lack of clean up have yet to be determined. I will outline why I see this as leading to an even greater crisis in the future.

I do not agree with the conspiracy theorists that the oil spill was the result of a terror attack. Probably the most ludicrous story that I have heard so far is the one implicating Cheney and his company – claiming that they set charges on board the rig and blew it up. Here is what I think happened, and yes my theory is conjecture too.

First of all I tie the incident to the Haitian earthquake which happened in January 2010. The reason that I believe that there is a possible link is that the Horizon rig first reported leaking in the well as far back as February. In fact the crew and BP notified the Government that there was a problem in February 2010. After this notification there was an attempt to shut down the well, and this is why a BP executive type of person was giving directions on shutting down the well. If I am correct and the earthquake was the catalyst for the initial leak, then it is more than likely that we have not heard the last of problems associated with this particular well.

Second, I see the attempting capping of the well and the clean-up as two separate functions. Certainly, the attempt to cap the well should be left in the hands of BP and the crew that they have brought in to achieve the task. This is now being done by a successor to Red Adair. However, the clean-up operation is the province of the Federal Government of the USA according to an act that was passed after the Exxon Valdez oil spill disaster. Unfortunately, what is all too apparent, is that the person who should be in charge of making sure that the clean up happens at a fast pace has been doing the following:

  • playing golf;
  • going on vacation;
  • having parties;
  • going to concerts and theatre;
  • looking for photo opportunities;
  • creating a crisis on the Arizona border with Mexico;
  • playing more rounds of golf;
  • fund raising and holding town hall meetings for loyal obots.

and the list goes on and on… very little time has been spent in co-ordinating a fruitful clean-up effort. Instead there have been impediments being placed in the way of the States that have been affected in such a disastrous way, and this includes stopping the operation of the skimmers to do a fire extinguisher and life-jacket survey, preventing the building of sand berms, not ensuring that an adequate number of skimmers are available, taking time to assess offers of help from international countries, refusing the waive the Jones act… and the list of the incompetence goes on and on. One of the most damning though, is the refusal to allow the Dutch skimmers because a very minute amount of oil would have been released back into the sea.

Third, the Obama regime has used the oil spill to put a moratorium on offshore oil drilling. What is little understood is that offshore oil drilling has been going on for a very long time in a lot of countries without such disastrous consequences. When oil rigs explode or have a problem it takes very little time to bring everything under control, and do very little damage to the environment. For example in November 2009 an oil rig exploded off the coast of Australia. The rig itself has been capped, and it seems that there is very little in the way of any spillage that has reached the shores of northern Australian beaches (if this is not the case, then the lack of information is the fault of the LSM). The 6 month moratorium will be disastrous for the Gulf States in the USA because it will bring the mining industry to its knees, and will affect thousands of workers at the same time. The owners of the rigs that are now idle, will not want them to remain that way, and this could see those rigs moving to the coast off Brazil or moving to Africa where they can be put to immediate use. This will mean even more suffering of economic consequences for the Gulf States.

Interestingly, what is escaping a lot of attention by the LSM is that the Obama regime has given more than $2billion to Petrobas of Brazil for the purpose of offshore drilling in waters that are deeper than the well that is leaking. Why? Well the answer to that question is: GEORGE SOROS. It seems that the billionaire backer of Barack Obama has a very big monetary interest in Petrobas. As soon as the moratorium was announced for the offshore leases Petrobas attempted to try and hire the rigs that are now lying idle. Is it a coincidence? I do not think so.

Fourth, the Obama regime sees this as an opportunity to push through the unnecessary Cap and Tax legislation. The end result of this “energy” bill is that all energy prices will rise substantially. As a result of such increases in the price of gas, natural gas, electricity other prices will also rise and will include practically everything from clothing to food. The consequences are simply enormous because the petro-chemicals are the basis of so many products, especially clothing items made out of synthetic materials such as nylon, as well as hair shampoo etc. etc.

It should be obvious to the astute observer that the plan of the Obama regime is to allow the oil slick in the Gulf States to get as bad as possible as a means to point the finger at the oil industry and then to attempt to shut the industry down. If this happens then the USA will become dependent upon foreign oil. Who would be the beneficiary? Brazil? Iran? Venezuela? Who knows? However, one beneficiary will be the billionaire George Soros. 

One of the more disgraceful aspects of the situation is the way in which the Obama regime has been attempting to shut out the press, and the one reporter that has taken a stand about the situation is Anderson Cooper from CNN. Even Newsbusters has remarked upon the stand that is being taken by Cooper during this oil spill crisis. The lack of effort, and the bungling of the clean up operation should be big news, but most outlets remain silent.

I do not know for certain what the long term impact of this whole disaster will be, but I do know that if the Obama regime is successful in shuttting down the oil industry in the Gulf states and elsewhere then the USA will be most likely in a free fall, and  economic recovery will be very hard and slow. The country is already suffering from high unemployment and high hidden inflation. The future impact upon the world is at this point unknown.

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