Exxon To Drill in the Arctic Ocean…for Russia

Posted by Tina

It could be said that “spreading the wealth” is the fundamental building block that supports President Obama’s agenda. Picking winners and losers plays an important role in determining this administrations agenda. Wealth is spread to those who gave generously to Obama campaigns. Unions and greens have certainly been favored under money transfer schemes as have big corporate and banking donors.

But Obama is not just an American President. He sees himself, as Bill Clinton did, as a man of the world and spreading the wealth around has been extended to other countries as well. We remember the oil drilling loans offer to Brazil following the BP Gulf spill. If he isn’t busy spreading the wealth at home through cheap loans at home and giveaways at home, he does it by adopting policies that harm America and American business in favor of other countries.

MOSCOW (Reuters) – U.S. oil major ExxonMobil and Russia’s Rosneft unveiled an offshore exploration partnership on Wednesday that could invest upward of $500 billion in developing Russia’s vast energy reserves in the Arctic and Black Sea.
The deal, between the world’s largest listed oil firm and the world’s top oil producing nation, was the product of nearly a year of talks and came about despite a history of mutual distrust between Washington and Moscow dating back to the Cold War and recent difficulties for other Western firms in Russia.

“Experts say that this project, in terms of its ambitions, exceeds sending man into outer space or flying to the moon,” Russian Deputy Prime Minister Igor Sechin, a key architect of the partnership, told a briefing for analysts in New York.

Under the deal, signed in Moscow on Monday, Exxon and state-controlled Rosneft will seek to develop three fields in the Arctic with recoverable hydrocarbon reserves estimated at 85 billion barrels in oil-equivalent terms.

President Obama didn’t authorize this deal, as far as we know, but his recent request for “space” certainly do give one pause.

President Obama, the EPA, and Democrats in Congress have blocked efforts to drill in the Arctic Ocean, ANWR, and the Gulf of Mexico. Shortly after the last election President Obama signed an executive order closing federal lands in the western states that had previously been opened by George Bush to drilling.

The Keystone pipeline, with a brand new route, has been included in a transportation bill that has been approved by both the House and Senate with bipartisan support. Will the President sign it or will he cave to environmental concerns. If he does sign it will be recognized as a shameless campaign move not a signal that he has realized the importance of drilling both in terms of energy supply and JOBS!

According to the above linked Reuters article:

Sechin, a close ally of Russian Prime Minister and President-elect Vladimir Putin, hailed the (Exxon) partnership, saying it had already added $7 billion to Exxon and Rosneft’s combined market capitalisation since it was announced.

The deal – by far the largest between Russia and a foreign oil company – was possible, he said, despite a history of “excessive politicisation and historic stereotypes” that has long hampered bilateral relations.

Sechin later said that, should the project experience force-majeure – a situation beyond the partners’ control that would render it economically unviable – it would then be exempted from all Russian taxation.

Hmmm…is this the kind of thing, beyond missile defense, that prompted Obama to signal to Putin about needing space.

Gives me the creeps. Too often in Obamas negotiation or dealings with other countries he gets absolutely nothing in return for America.

Exxon will also be exempted from Russian taxation if this deal doesn’t pan out! Amazing…Russia is now friendlier to business than The United State This fortunate deal will spread the wealth to Russians. Too bad Americans won’t benefit (jobs, tax revenue, fees, oil) from the efforts of Exxon…or Shell…or any other oil company under this administration.

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7 Responses to Exxon To Drill in the Arctic Ocean…for Russia

  1. Princess says:

    Give me a break “President Obama didn’t authorize this deal, as far as we know, but his recent request for “space” certainly do give one pause.”

    You know very well Exxon is going to drill anywhere they can and make as much money as they can. They don’t care who they drill for. When are we going to hold these companies accountable for the damage they to do our planet? The hardworking people in the Gulf are still suffering from the BP oil spill that the US government refused to handle. That was a true Obama failure and Congress made it worse by apologizing to BP. Meanwhile the dispersants they poured into the ocean are creating deformed sea life.

    Let Russia subsidize these polluters. The US tax-payer funded oil subisides have to stop.

  2. Tina says:

    No one disputes that the BP oil spill caused severe damage to the environment in the gulf area. Environmentalists, to a ridiculous degree, have negatively hyped the Gulf spill. BPs deep pockets may be part of the reason for the hype; environmental scientists have been known to fudge the facts for funding.

    There are several things that need to be said about this terrible incident and its aftermath.

    Oil from the gulf spill was unrefined making it a lot less damaging than the refined oil spilled from the Exxon tanker in Alaska. Also, most of the oil that spilled (3/4) was recovered. Oil was also eaten by microbes in the bay:

    http://www.scientificamerican.com/article.cfm?id=how-microbes-clean-up-oil-spills

    http://www.msnbc.msn.com/id/38834330/ns/disaster_in_the_gulf/t/new-microbe-discovered-eating-gulf-oil-spill/

    Natures way of cleaning up a mess is generally better than anything man can devise. But greenies have been scaring people to death since the late seventies to the point that human beings have forgottenit all works togetheroil is as much a part of nature as are coral, birds, fish and plants. Oil seeps from the ocean floor on a regular basis. Every minute that passes by sees the environment healing and renewing itself.

    Report from 2010:

    http://www.newsmax.com/Headline/bpoilspillgulf/2010/08/21/id/368076

    In July, the Food and Drug Administration endorsed a decision by Louisiana fishery officials to reopen some 2,400 square miles of Gulf waters to commercial fishing and shrimping. Despite the heavy use of dispersants, FDA Commissioner Margaret Hamburg said tests showed “extremely low” contaminants in Gulf sea life. Traces of oil have been found in some crab larvae, worrying scientists that toxins could work their way up the food chain. But other biologists say fish will eliminate oil residue naturally, so that it won’t become a problem.

    Irving Mendelssohn, a coastal-plant ecologist at Louisiana State University, told The Associated Press: “My gut feeling, based on what I have seen I doubt that the impact on the wetlands is going to create a significant problem for our coastal fisheries.”

    In fact, contrary to the predictions of vast underwater plumes, federal officials say that less than a quarter of the oil massive spill remains in the water.

    “It was captured. It was skimmed. It was burned. It was contained,” White House energy adviser Carol Browner declared on the Today show. “Mother Nature did her part.”

    Environmentalists refuse to accept that the Earth has incredible healing powers. Two examples of recovery following natural disasters come to mind, the explosion of Mt Saint Helen around 1980 and the fire in Western Yellowstone in 1988.

    http://mountsthelens.web.unc.edu/ecological-succession-in-mount-st-helens/

    despite the enormous destruction and loss wreaked by this eruption, it also set forth an equal potential for creation. The eruption created a unique opportunity for scientists and researchers to study the changes the natural destruction wrought on the landscape. Most notably, scientists now had a unique opportunity to observe the process of succession first hand and reevaluate their theories based on their findings. By examining surviving population such as zooplankton, elk, and newly developing plant colonies such as Lepidus, researchers could gain great insight on biological change that can be used to make sensible suggestions for management of natural disaster legacies (Nash 2010). The eruption of Mount St. Helens is infamous for the destruction wrought on the surrounding areas; however it has also given rise to the development of a host of possible new ecological systems, reset the evolutionary clock, and allowed scientists to witness the actual process of ecological succession.

    http://volcanoes.usgs.gov/ash/properties.html

    Volcanic eruptions inject water vapour (H2O), carbon dioxide (CO2), sulfur dioxide (SO2), hydrochloric acid (HCl), hydrofluoric acid (HF) and ash into the atmosphere. HCl and HF will dissolve in water and fall as acid rain whereas most SO2 is slowly converted to sulphuric acid (H2SO4) aerosols. Ash particles may absorb these aerosol droplets onto their surfaces. When ash falls to the ground, the soluble components (leachates) can by washed away by water, potentially resulting in changes to local water chemistry and hence quality. Chemical changes in the underlying soil can occur as a result of leaching of the aerosols coating individual grains and longer term from unstable glass particles (Cronin and others, 1996). Figure 3.3 from Johnston, 1997.

    See photos of the Mt St Helens area today here: http://wheelsms.wordpress.com/2012/04/15/mt-st-helens/

    Likewise the fires that rages through West Yellowstone in the late 1980s left the area totally ravaged and yet green shoots could be seen within a year as the earth began its renewal cleansing process. Twenty some years later the trees may not be quite as tall as they were but the area has been cleaned and the beetle that was causing so much damage to the trees has been tamed back.

    Excellent report about the fire and what serious scientists learned here:
    http://www.nationalparkstraveler.com/2008/06/recalling-yellowstone-national-parks-historic-1988-fire-season

    Considering that the number of oil related disasters is quite small over the many years that oil companies have been in operation, and considering the fact that oil is a natural product of the earth, and considering the enormous benefit to mankind that this product represents, and considering the percentage of profits that oil companies make is quite small compared to other companies, and since oil companies PAY for clean up and damages when accidents occur, and since America needs jobs and lower energy prices, I think the Presidents unfriendly moratorium on drilling is OUTRAGEOUSespecially since he is all for drilling by other nations.

    Give me a break!

  3. Peggy says:

    Was wondering if the oil coming out of the Artic Ocean could be coming from the same oil fields that Obama won’t allow recovered from Alaska and came across this 2008 article in wordpress.com where the Russian chief strategist says, “..Get ready America, were coming for you.”

    Has this been in the works since 2008? Did we just give more of our taxpayer’s money to another huge company with, “ravenous international growth and huge amounts of capital.” And was this perhaps what that live-mike conversation and knee touch moment we weren’t supposed to hear and see between Obama and Putin? Sure looks that way.

    November can not come soon enough! I want our country back, and for it to be the great nation it used to be. Enough is enough. Every day we learn of more actions done by this current administration that takes away the opportunities for a life-style guaranteed in our Constitution.

    We need jobs and lower gas prices and we need to stop giving money we don’t have to super-rich companies in other countries just so we can be their, “best customers.”

    http://oilenergymoney.wordpress.com/2008/10/14/gazprom-courts-alaskan-oil-pipeline/

    “Alaskan governer and vice-presidential nominee Sarah Palin criticized Russian Prime Minister Vladmir Putin for rearing his head across the Alaska-Russia maritime border. Committing to a project might lead to political flack right now, but yesterdays visit seems like a subtle reminder of Gazproms intent. By expressing their interest and support in Alaska, they are better prepared to make a move after Novembers election.

    The timing is as interesting as the visit itself, said Chris Weafer, chief strategist at UralSib Financial in Moscow. Gazproms entire senior management goes into Sarah Palins backyard during a contentious election. Theres a message there.

    Given Gazproms ravenous international growth and huge amounts of capital, that message might be-Get ready America, were coming for you.”

    Also, on a related but different spending spree is our increased funds going to Kenya since this president took office.

    http://www.tradeaidmonitor.com/2012/04/kenya-sees-spike-in-obama-administration-funded-projects.html

    “Kenyan businesses lately are increasingly becoming recipients of U.S. government largesse, as the Obama Administration, among pursuing other endeavors, aims to expand “livestock-related economic opportunities” in that nation. Although this and other recently released presolicitation notices for unrelated programs serve as advance alerts to potential vendorsand therefore do not offer cost estimates and other details a review of U.S. government contracting actions nonetheless indicates a spike of activity in Kenya in a variety of sectors.

    The White House is committing to a five-year effort to “improve the inclusiveness and competitiveness” of the livestock industry specifically in Marsabit and Garissa counties, Kenya, according to a presolicitation notice released April 12 that U.S. Trade & Aid Monitor located via routine database research.

    Other recent contracting actions include:
    Up to $50 million in U.S. Navy-coordinated military construction projects on the horizon at Camp Simba, Kenya, and at Camp Lemonnier, Djibouti.
    Deployment to Kenya of a privately contracted Regional Advisor for USAIDs Office of U.S. Foreign Disaster Assistance (OFDA). as well as an Emerging Pandemic Threats Advisor.

    A U.S. Trade & Development Agency-led search for a contractor to perform a definitional mission exploring possible funding of geothermal energy projects in Kenya and Rwanda.

    The above-mentioned endeavors have taken place in recent weeks; however, other notable U.S.-funded Kenyan projects thus far in 2012 include the launching of a National Institutes of Health-led initiative to hire contractors to conduct genetic research of Kenyans with Type-2 diabetes. Separately, the U.S. Army embarked upon a market survey of potential vendors to provide helicopter flight-training simulators to the Kenyan government.”

  4. Peggy says:

    Well, well looks like Obama and Paneta are working on a plan to turn control of our oceans over to the UN.

    http://www.wnd.com/2012/04/obama-quietly-seeking-to-cede-u-s-oceans-to-u-n-law/

    Obama quietly seeking to cede U.S. oceans to U.N. law:
    Shock recommendation buried in White House report

    President Obamas ambitious plan for stepped up government regulation of the oceans includes an unreported effort to cede U.S. oceans to United Nations-based international law, WND has learned.

    The plan was previously a pet project of Secretary of Defense Leon Panetta, whose ocean-zoning scheme was partnered with a globalist group that also aimed to hand over U.S. oceans to U.N. governance.

    Among its main recommendations is that the U.S. should put its oceans up for regulation to the U.N. Convention on the Law of the Sea.

    Other recommendations of Panettas Joint Ocean Commission Initiative, which mirror Obamas taskforce recommendations, include:
    The administration and Congress should establish a national ocean policy. The administration and Congress should support regional, ecosystem-based approaches to the management of ocean, coastal and Great Lakes.
    Congress should strengthen and reauthorize the Coastal Zone Management Act.
    Congress should strengthen the Clean Water Act.

    The Joint Ocean Commission Initiative Leadership Council includes John Podesta, president and CEO of the Soros-funded Center for American Progress, which is reportedly highly influential in advising the White House on policy.

    Podesta served as co-chairman of Obamas presidential transition team.

    Panettas oceans initiative is a key partner of Citizens for Global Solutions, or CGS, which, according to its literature, envisions a future in which nations work together to abolish war, protect our rights and freedoms and solve the problems facing humanity that no nation can solve alone.

    CGS states it works to build the political will in the United States to achieve this global vision.

    The organization currently works on issues that fall into five general areas: U.S. global engagement; global health and environment; peace and security; international law and justice; and international institutions.

    CGS is a member organization and supporter of the World Federalist Movement, which openly seeks a one-world government. The World Federalist Movement considers the CGS to be its U.S. branch.

    The movement brings together organizations and individuals that support the establishment of a global federal system of strengthened and democratized global institutions with plenary constitutional power accountable to the citizens of the world and a division of international authority among separate global agencies.

  5. Tina says:

    Peggy the same type of thing went on under Clinton regarding the rivers, wetlands and and waterways in America:

    http://www.sovereignty.net/p/land/landusetutorial.htm

    http://www.eagleforum.org/psr/2000/nov00/psrnov00.shtml

  6. Pie Guevara says:

    Re Tina’s: “No one disputes that the BP oil spill caused severe damage to the environment in the gulf area.”

    I do. What do you know that I do not?

  7. Tina says:

    Pie maybe you know something I don’t know. I guess we’d have to compare notes 😉

    When I wrote about severe damage I was thinking about the type of damage that occurs when natural disasters hit. The place where it happens is certainly not the same after the event as it was before the event. Some anaimals, plants, birds, grasses etc do not survive. However, the damage is not permanent; our earth cleans and renews itself. It certainly is not severe in the extreme that the greens and certain opportunists looking to make a quick buck from BP’s deep pockets suggest. Savy?

    After wading through tons of, “Oh sh#t we’re all gonna die” articles, I found one that approaches this event wisely:

    http://www.sciencedaily.com/releases/2011/01/110106145436.htm

    ScienceDaily (Jan. 6, 2011) Calling the results “extremely surprising,” researchers from the University of California, Santa Barbara and Texas A&M University report that methane gas concentrations in the Gulf of Mexico have returned to near normal levels only months after a massive release occurred following the Deepwater Horizon oil rig explosion.

    Findings from the research study, led by oceanographers John Kessler of Texas A&M and David Valentine of UCSB, were recently published in the journal Science. The findings show that Mother Nature quickly saw to the removal of more than 200,000 metric tons of dissolved methane through the action of bacteria blooms that completely consumed the immense gas plumes the team had identified in mid-June. At that time, the team reported finding methane gas in amounts 100,000 times above normal levels. But, about 120 days after the initial spill, they could find only normal concentrations of methane and clear evidence of complete methane respiration.

    “What we observed in June was a horizon of deep water laden with methane and other hydrocarbon gases,” Valentine said. “When we returned in September and October and tracked these waters, we found the gases were gone. In their place were residual methane-eating bacteria, and a 1 million ton deficit in dissolved oxygen that we attribute to respiration of methane by these bacteria.”

    Kessler added: “Based on our measurements from earlier in the summer and previous other measurements of methane respiration rates around the world, it appeared that (Deepwater Horizon) methane would be present in the Gulf for years to come. Instead, the methane respiration rates increased to levels higher than have ever been recorded, ultimately consuming it and prohibiting its release to the atmosphere.”

    While the scientists’ research documents the changing conditions of the Gulf waters, it also sheds some light on how the planet functions naturally.

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