petro-oligarchy

Military coup d'état against Obama?

Israel's ultra-right Arutz Sheva this week is virtually alone in having noted a commentary by "columnist" Gordon Duff in Iran's semi-official Press TV Oct. 29 positing that Rear Admiral Charles M. Gaouette—sacked from his command of a Pacific carrier battle group to face an investigation into "inappropriate leadership judgment"—was planning a military "mutiny" to "topple Obama" in the event of his re-election. Duff asserts that all US military bases at home and abroad were placed on a state of alert in response to the threat. Writes Duff:

Quebec fracking ban challenged under NAFTA

US-incorporated energy firm Lone Pine Resources is challenging Quebec’s moratorium on fracking under terms of the North American Free Trade Agreement, and demanding more than $250 million in compensation. The company—headquartered in Calgary but incorporated in Delaware—officially notified the US Securities and Exchange Commission that on Nov. 8 it filed a notice of intent to sue the Canadian government under NAFTA's controversial Chapter 11. Quebec lawmakers in June approved legislation, Bill l8, that imposed a moratorium on hydraulic fracturing pending further study on its environmental impacts. Lone Pine cites Chapter 11's Article 117, on investor damages, in its claim for the loss of what it calls a "valuable right...without due process, without compensation and with no cognizable public purpose."

Record $4.5 billion settlement with BP in Gulf spill

US Attorney General Eric Holder announced Nov. 15 that British Petroleum (BP) has agreed to pay a record $4.5 billion in penalties and plead guilty to felony misconduct for its role in the devastation caused by the 2010 Deepwater Horizon oil spill. Holder emphasized that the settlement includes a roughly $1.25 billion criminal fine, and announced that two BP supervisors aboard the Deepwater Horizon during the spill have been charged with 23 criminal counts—including manslaughter, a result of the 11 workers killed in the April 2010 explosion. As part of the agreement, BP has agreed to plead guilty to 11 of the felonies related to the workers' deaths, a charge of obstruction of Congress and two misdemeanors.

China: changing of the guard —amid same old repression

As expected, Xi Jinping was chosen as general secretary of the Chinese Communist Party at the 18th Party Congress in Beijing's  Great Hall of the People Nov. 15. The process, concealed from domestic and international observers, was thoroughly choreographed; Xi, the incoming president, and Li Keqiang, the new premier, were probably chosen years ago. The 2,270 delegates also named the new Central Committee, a ruling council of some 200 full members and 170 non-voting alternates. The leadership change happens every 10 years. The congress had an official theme of "Accelerating the Transformation of the Economic Growth Model," with the official report opening: "We need to expedite the improvement of the socialist market economic system." The target of doubling gross domestic product growth by 2020, set during the 16th congress, was raised to doubling both GDP and per capita income. Xi's remarks called for addressing "corruption" and "inequality," but made no mention of Marxism or Mao Zedong Thought. (China Digital Times, Xinhua, BBC World Service, Nov. 15; Caixin, IOL, BBC News, Nov. 14; Worldpress, Nov. 6)

Sandy and climate change: media hot air

Paul M. Barrett has made a splash (forgive the pun) on Bloomberg Businessweek with his piece (well on its way to meme-dom) "It's Global Warming, Stupid." He opens:

Yes, yes, it's unsophisticated to blame any given storm on climate change. Men and women in white lab coats tell us—and they're right—that many factors contribute to each severe weather episode. Climate deniers exploit scientific complexity to avoid any discussion at all.

NYC: obligatory disaster rant

Well, we're back online after four days of the electricity being out in Lower Manhattan, and our rage level is even higher than usual. Where to even begin? For starters, with the most obvious reality. This blogger is 50 years old and grew up in New York City. Never in my life have I experienced a storm of anywhere near this magnitude (actually prompting the mayor to announce a "mandatory evacuation" of low-lying areas) until Hurricane Irene last year—and now it just happened again, even worse (much worse) one year later with the Hurricane Sandy "Frankenstorm." Pretty ominous evidence that something is way out of wack. 

Petro-oligarchs play presidential candidates —again

In case you were wondering, the oil and energy industry are hedging their bets by funding both candidates (gee, what a surprise)—but not equally. Politico noted back in April that BP has favored Obama: 

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company's political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals.

WHY WE FIGHT

From the New York Times, Oct. 8:

4 Die in Crash at Notorious Turn on L.I. Road
All five were teenage friends from Queens, and four had been classmates at Richmond Hill High School. Some had started college and were planning for careers years away, and they were all out for a ride early Monday in a car that one of them — a 17-year-old with a learner's permit — had recently started driving.

Syndicate content