Question: Is George Soros deliberately handicapping American energy and, if so, why?
The following articles and/or blog posts do a meticulous job of providing us with the disturbing, but not surprising answer to this question-You Decide:
George Soros Handicapping American Energy–Posted on American Thinker-By Ed Lasky-On March 02, 2011:
These are pertinent excerpts from this article and/or blog post:
“George Soros has been a brilliant investor over the years. As befits many hedge fund operators, he uses leverage to magnify his returns. But in his case, leverage has a double meaning.
Leverage can refer to the debt Soros assumes when he makes his investments. But it can also refer to the practice Soros has engaged in, both overseas and in America, to use his money and influence to bolster his political power — power that he then uses to boost returns on his investments. He is not just a hedge fund billionaire but a crony capitalist kingpin who puts GE to shame.
His latest efforts to try to weaken American energy companies and empower their overseas rivals is by advocating the Securities and Exchange Commission draft laws that burden our companies-and leave foreign ones alone and untouched.
From the Hill:
“Billionaire investor George Soros is urging the Securities and Exchange Commission to craft the “strongest” rules possible requiring oil companies to disclose payments to foreign governments and urging against an exemption that Exxon and other companies are seeking.
The SEC is crafting rules to implement a provision—Section 1504 — in last year’s Wall Street reform law that forces oil and mining companies to provide the regulators specific information about payments connected to projects in foreign countries…
A suite of energy companies, in comments to the regulators, say they favor disclosure but warn that prescriptive rules would be burdensome and place them at a competitive disadvantage compared to certain state-backed oil companies from countries such as Russia and China.”
In practice this is what would happen: American companies would not be able to reach deals to drill in foreign nations — where much of the world’s last undeveloped reserves are probably located. Not only would it be against the law to meet the overseas competition’s terms, but Soros would probably unleash his bevy of think tanks, 527 groups, human rights and monitoring groups to investigate American oil companies to ensure they have their hands tied. Meanwhile, competitors based in countries such as Russia and China that would not be subject to the same scrutiny. Nor do those countries — or others, such as Saudi Arabia — have an active and free press that would be more than eager to take leads and information from Soros’s groups and turn them into exposes.
These exposes, in America anyway, would then be grist for politicians to hold Congressional hearings and excoriate American energy executives for the cameras and the viewing public.
I have written numerous columns regarding the actions George Soros has taken over the years to hurt American oil and gas companies. He has a vested interest (to the tune of at least a billion dollars) in trying to rig the system to make his “clean energy” investments pay off. Since these investments need oil and gas to be high-priced, anything he can do to harm the companies that bring this bounty to the surface help those green schemes.
One of his favorites among the Soros-funded 527 Astroturf groups is MoveOn.Org, which recently protested against the development of shale gas, America’s greatest hope to wean ourselves off of dependency on foreign sources of energy.
He has funded the Sundance Film Festival documentary effortsm and, voila! the festival lifted from obscurity a flawed documentary castigating developers of shale gas. Soros even even admitted that he saw Sundance documentaries as a method to bring about policy changes in America.
His comrades in arms Herbert and Marion Sandler founded and funded Pro Publica, a media machine that has a penchant for tendentious “exposes” on shale gas development. Of all the topics in America to focus on, why the one energy revolution that has brought abundant and cheap energy supplies to all Americans? Will Pro Publica — supposedly independent — ever investigate people who made billions running savings and loans that peddled unaffordable mortgages to those homebuyers least able to understand the terms and peril of those mortgages? If the intrepid journalists at Pro Publica chose to focus on such an important topic (the financial disaster of 2008 and beyond — not a trifling topic) they might sit down with the Sandlers, since they perfectly fit that profile. They founded and ran a major California-based Savings and Loan that built an empire on such shaky loans, sold it to Wachovia before the bubble burst, and took their vast wealth to fund ultra-liberal groups.
Soros’ (and the Sandlers’) pet think tank, the Center for American Progress (CAP), regularly advocates for restrictions on oil and gas development in America and promotes the very types of green schemes that Soros hopes will build up his fortune. The CAP is “Obama’s Idea Factory” and the ideas have been flowing fast and furious from the administration; among those “ideas” have been to all but declare carbon a criminal molecule, put the brakes on developing our own oil and gas reserves, and pour billions and billions of taxpayer dollars into foolish and uneconomic and inefficient green schemes (the same type of plans that have led Spain toward bankruptcy; the same dreams that have become nightmares for Germany).
Soros is the sugar daddy of the Democratic Party and was an early and ardent supporter of Barack Obama (even finding a loophole in the law that permitted Soros and family members to give outsized donations to Senator Obama when he began his presidential run).
The party and the President have since taken actions that have drastically harmed our domestic energy industry (drilling moratoriums that were so egregious they merited a federal court judge’s decision to hold the administration in contempt; sclerotic permitting processes, placing off-limits to leasing and drilling vast amounts of federal lands and offshore areas; trying to strip away tax benefits that encourage oil and drilling efforts — tax deductions that have helped boost oil production and made oil and gas cheaper for all Americans; the list goes on and on).
Soros is now attempting to place American oil and gas companies at a disadvantage compared to foreign rivals, who will be more than happy to step up and work out deals with various foreign officials that will allow them to drill and develop while foreclosing the opportunities for American companies to do the same. If Soros were genuinely interested in preventing bribes and the like, why not use the United Nations to draft rules that apply universally? He certainly has friends at Turtle Bay.
I have pointed out in the past that Soros owns a large equity position (the second-largest) in InterOil, An Australian energy company that has access to apparently vast reserves of gas in Papua New Guinea. That company, and other foreign-owned energy companies, would escape the burden that Soros advocates the Securities and Exchange Commission unilaterally impose on American energy companies.
George Soros’ hedge funds are based in the Netherland Antilles and the Cayman Islands. His investors are not publicly disclosed. One can speculate that George Soros may very well have investors in his funds that would benefit from American oil companies being placed at a competitive disadvantage compared to foreign ones. We will never know because Soros — who advocates rules and regulations to restrict and weaken others, who advocates for transparency — is quite content to keep his investors secret. Could they include Arab oil potentates? Could they include Russian oil barons and foreign governments who benefit from sky-high energy prices? Are Russian and Chinese oil companies investors in Soros’s hedge funds?
Harming America, helping foreign rivals.
That seems to be a theme these days among the powers-that-be.
Ed Lasky is news editor of American Thinker.”
Soros Wins Under Obama’s Energy Policies–Posted on American Thinker-By Ed Lasky-On March 28, 2011:
Note: What follows is a “Soros Files” website that was recently launched by Cliff Kincaid, President of America’s Survival, Inc. as a means of shedding some light on the anti-American activities of the hedge fund billionaire.
The website contains the following eye-opening reports:
- “From the Stalinist Communist International to the George Soros-funded Criminals Lobby: Disrupting the Courts and Frustrating Justice Under the Cover of Advancing Human Rights,” by Tina Trent. How Soros subverts the criminal justice system.
- Listing of top 150 Open Society Institute (OSI) grantees, with summaries and key personnel for the top 25 (This will be expanded and updated).
- “How Billionaire George Soros Finances Marxism in America.” (This is a PowerPoint presentation identifying how OSI funding of one group, the Alliance for Global Justice, benefits a network of Marxist organizations, including Code Pink and the Venezuela Solidarity Network.
- A flow chart of the Soros Political Network (identifying top Soros aides and their organizations, networks and connections).
- A flow chart of the Soros-funded Media Network. Literally dozens of progressive publications benefit from Soros largesse.
- Who is George Soros? “Obama’s Master George Soros: Supporting America’s Enemies at Home and Abroad.” This report explores Soros’s anti-American philosophy.
- “The Shocking Truth about Soros Mentor Karl Popper’s “Open Society” Philosophy.” Popper was NOT an anti-communist until later in life; he was a communist and socialist during most of it.
- “How George Soros Sacked Glenn Beck.” Beck, now on Internet TV, was fired from Fox News because of his scrutiny of Soros and his organizations.
- “John Podesta, the Center for American Progress, and the Communist-friendly Modern Progressive Movement.” This former Clinton chief of staff runs a big part of the Soros empire.
- “The Revolutionary Socialism of Soros Adviser Joseph Stiglitz.” This Columbia University Professor advises Soros and is a member of the Socialist International.
- “Top Soros Adviser and Confidant Strobe Talbott Identified as Russian Dupe.” The head of the Brookings Institution is close to Soros and the Russians.
- PowerPoint on George Soros and the National Lawyers Guild. Soros funds Marxist lawyers and their organizations.
- “Inside a Soros-funded conference” – the story of the “Take Back the American Dream” conference sponsored by the Campaign for America’s Future.
Note: What follows are numerous articles and/or blog posts that relate to and/or support the above article and/or blog post-You Decide:
Obama Grants Soros Control Over Natural Gas Industry!–Posted on Western Journalism-By BREAKING NEWS-On May 10, 2012:
Video: “If I wanted America to fail”–Posted on YouTube.com-By FreeMarketAmerica-On April 20, 2012:
Video: Obama Joins Kony 2012 Campaign!-Posted on Western Journalism-By NEWSEDITOR-On April 23, 2012:
WHY U.S. MILITARY IN UGANDA? SOROS FINGERPRINTS ALL OVER IT: ‘Obama’s billionaire friend has interests in African country’s oil!’–Posted on WND.com-By Aaron Klein-On October 15, 2011:
GENERAL TELLS BECK: WND HAS TRUTH ON SOROS: ‘Shocking exposé ‘shows that there’s a more sinister side’ to Obama-billionaire link!’–Posted on WND.com-By CHELSEA SCHILLING-On March 12, 2012:
Kony 2012 Campaign Calls For International Intervention in Uganda!–Posted on NewAmerican-By RAVEN CLABOUGH-On March 13, 2012:
Video: General Boykin discusses Panetta, ‘Kony 2012′ on radio!-Posted on GlennBeck.com-On March 9, 2012:
Oil Production Keeps Recession at Bay in North Dakota!-Posted on Heartlander Magazine-By KENNETH ARTZ-On December 20, 2011:
Killing Keystone!–Posted on FrontPage Magazine-By Rich Trzupek-On January 19, 2012:
Obama Blames Republicans, Hides Behind His Own State Dep’t, in Rejecting Keystone Pipeline!-Posted on CNSNews.com-By Fred Lucas-On January 19, 2012:
On Keystone, Obama Sides With Urbanista America!-Posted on RealClearPolitics-By Joel Kotkin, Forbes-On January 19, 2012:
Shocked That Obama Rejected Keystone XL Pipeline?-Posted on Western Journalism-By FRANK YORK-On January 19, 2012:
Obama Nixes Job-Creating Pipeline 11 Months After Launching Plan With Canada to Boost Growth on Both Sides of Border!–Posted on CNSNews.com-By Penny Starr-On January 18, 2012:
Obama says no to Keystone pipeline, no to energy independence and no to American jobs!-Posted on Net Right Daily-By rebekah rast-On January 18, 2012:
Brazilian Oil and Re-election Schemes!–Posted on FrontPage Magazine-By Tait Trussell-On January 16, 2012:
Video: 11 New Solyndras in Obama Energy Program!-Posted on ExposeObama.com-On January 15, 2012:
Hawker-Beechcraft Denied Big Air Force Contract in Favor of Brazilian Company With Soros Connections!-Posted on A Time For Choosing-By GARY P-On November 22, 2011:
Obama Administration Approving Only 35 Percent of Gulf Drilling Plans!-Posted on The Heritage Foundation-By Rob Bluey-On November 24, 2011:
Rep. Poe: Obama at War With US Energy Firms!-Posted on NewsMax.com-By David A. Patten-On November 19, 2011:
Obama USDA delays shale drilling, up to 200k jobs!–Posted on The Washington Examiner-By Joel Gehrke, Commentary Staff Writer-On November 18, 2011:
Junk Science War: Fracking Quakes and ‘Dirty Faces’!-Posted on Western Journalism-By By Steve Milloy, EPAabuse.com-On November 18, 2011:
Contractors Complain That WH Pressured Them to ‘Soften’ Job Loss Numbers!–Posted on FoxNews.com-By Judson Berger-On November 18, 2011:
The Open Fuel Standard Act Gains an Important New Sponsor!–Posted on Open Fuel Standard-On October 28, 2011:
Revealed for first time: Sordid origins of Obamacare legislation traced to Soros group, marketed by slew of radicals!–Posted on Klein Online-On October 27, 2011:
Why U.S. military in Uganda? ‘Obama’s billionaire friend has interests in African country’s oil!’-Posted on WND.com-By Aaron Klein-On October 15, 2011:
How North Dakota Became Saudi Arabia!-Posted on The Wall Sreet Journal-By STEPHEN MOORE-On October 1, 2011:
Will Soros Get His Wish? ‘See The Destruction of Capitalism and A New World Order!’–Posted on America’s Survival-By Cliff Kincaid-On May 10, 2010:
Who’s Afraid of the Big Bad Soros?–Posted on Canada Free Press-By Joy Tiz-On February 3, 2010:
Who’s Holding America Hostage?–Posted on Godfather Politics-By GIACOMO-On July 26, 2011:
Geithner: Oil Reserve Release Is ‘Sensible Policy’!–Posted on FoxNews.com-By Ros Krasny-On June 24, 2011:
President Obama Abuses Nation’s Oil Reserves!–Posted on The Heritage Foundation-On June 24, 2011:
Obama’s Oil Release Leaves US Vulnerable in Emergency!–Posted on NewsMax.com-By Jim Meyers and Kathleen Walter-On June 24, 2011:
Issa: Rising Energy Costs: An Intentional Result of Government Action–Posted on YouTube.com-By oversightandreform-On May 26, 2011:
What If Oil Producers Actually Received Subsidies Like Wind Energy Producers?-Posted on The Heritage Foundation-On May 13, 2011:
Ending Oil Company Tax Breaks a ‘Money Grab’ by Democrats, Says Chamber of Commerce–Posted on CNSNews.com-By Matt Cover-On May 10, 2011:
Senate prepares to go after Big Oil–Posted on Politico-By DARREN GOODE-On May 6, 2011:
Duke Energy CEO Jim Rogers Takes Heat at Company’s Annual Meeting for Promoting President Obama’s War on Fossil Fuels–Posted on The National Center for Public Policy Research-On May 5, 2011:
House passes bill making it easier to drill–Posted on Yahoo News-By DINA CAPPIELLO, Associated Press-On May 5, 2011:
Sen. Vitter asks why the U.S. is sending money to Brazil for oil–Posted on The Daily Caller-By Caroline May-On April 29, 2011:
Exxon Earns Huge Profits, But Also Pays Huge Taxes-Posed on The Blaze–By Mike Opelka-On April 29, 2011:
Pelosi Blamed ‘Oil Men in the White House’ for Gas Prices in ’08, Now Who’s To Blame?–Posted on CNSNews.com-By Eric Scheiner-On April 28, 2011:
Reptile Blocking Oil in Texas?-Posted on The Patriot Update-On April 28, 2011:
Obama Administration Moratorium on Oil Drilling Hurts Consumers, Report Says–Posted on CNSNews.com-By Penny Starr-On April 28, 2011:
Thanks to Obama, Gas Jumps in a Flash: ‘Thanks to the left, prices will keep on rising, too.’–Posted on Pajamas Media-By Will Collier-On April 26, 2011:
The Left Hates Oil Companies: ‘That’s really what all this is about.’-Posted on National Review Online-By LARRY KUDLOW-On April 26, 2011:
Gas Pump Activism on Obama’s Outrageous Energy Policy-Posted on Right Side News-By RICK HAYMOW-On April 26, 2011:
Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans–Posted on FoxNews.com-By Dan Springer-On April 25, 2011:
Why would OPEC give money to the American environmental left? Walter E. Williams explains–Posted on The Daily Caller-By Jeff Poor, The Daily Caller-On April 23, 2011:
Battered by gas prices White House starts attacks on oil companies–Posted on The Hill-By Ian Swanson-On April 23, 2011:
Morning Bell: Gulf Oil Spill, One Year Later–Posted on The Heritage Foundation-On April 20, 2011:
GOP accuses Obama of pushing up gas prices: ‘We need to look at the actions of this administration’–Posted on WND.com-By John Rossomando-On April 19, 2011:
What’s Really Causing Soaring Gas Prices?–Posted on The Patriot Update-On April 19, 2011:
U.S. Gov’t Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia–Posted on CNSNews.com-By Terence P. Jeffrey-On April 18, 2011:
Obama’s Fake Energy Policy: ‘Flex fuel is the solution to our reliance on foreign oil.’–Posted on National Review Online-By ROBERT ZUBRIN-On April 18, 2011:
Interior Secretary Suggests Republicans Have Amnesia–Posted on CNSNews.com-By Penny Starr-On April 15, 2011:
Trump to OPEC: Oil Should Be $40-$50 a Barrel, Not $150–Posted on Money News-By Thomson, Reuters-On April 13, 2011:
Pain at the Pump: Gas Tax Looming?–Posted on The Patriot Update-On April 5, 2011:
Senator: Gulf Coast Residents ‘Galled’ by Obama’s Suggestion We Buy More Brazilian Oil–Posted on CNSNews.com-By Christopher Neefus-On April 4, 2011:
Obama’s Actions on U.S. Energy Production ‘Diametrically’ Opposed to His Rhetoric, Says Natural Resources Chairman–Posted on CNSNews.com-By Christopher Goins-On March 30, 2011:
Obama Lays Out Plan to Cut Reliance on Fuel Imports–Posted on The New York Times-By JOHN M. BRODER-On March 30, 2011:
House GOP Seeks to Reverse Rising Gas Prices, Questions Obama’s Commitment on Domestic Exploration–Posted on CNSNews.com-By Fred Lucas-On March 30, 2011:
Why Are the Media Ignoring Plans By George Soros to Remake the Entire Global Economy?–Posted on FoxNews.com-By Dan Gainor-On March 23, 2011:
The Left is Sapping America’s Energy Supply–Posted on The Heritage Foundatio0n-By Amanda Reinecker-On March 25, 2011:
A Man-Made Energy Crisis: ‘Obama’s policy is working . . . to raise energy costs.’–Posted on National Review Online-By VICTOR DAVIS HANSON-On March 24, 2011:
Morning Bell: Obama’s Anti-Drilling Agenda Costs Jobs Across America–Posted on The Heritage Foundation-On March 25, 2011:
Senator Questions $2-Billion Loan to Brazil for Offshore Drilling as Domestic Production Languishes–Posted on CNSNews.com-By Penny Starr-On March 21, 2011:
Obama: Drill, Brazil, Drill!–Posted on Investors.com-On March 21, 2011:
19,000 Jobs Worth $1.1 Billion in Wages Lost Nationally Since Offshore Drilling Moratorium Imposed–Posted on CNSNews.com-By Christopher Goins-On March 21, 2011:
U.S. Offshore Drilling Czar ‘Not Thoroughly Familiar’ with Billions in Lost Royalties from Offshore Drilling–Posted on CNSNews.com-By Penny Starr-On March 21, 2011:
Drilling Unlikely to Lower Oil Prices, Energy Information Chief Says–Posted on CNSNews.com-By Dan Joseph-On March 18, 2011:
More Drilling in U.S. is ‘A Problem, Not A Solution’ to Creating Jobs, Says Democrat Member of House Labor Subcommittee–Posted on CNSNews.com-By Nicholas Ballasy-On March 18, 2011:
Obama Energy Administrator Says Gas Prices Will Remain High For Rest of Year–Posted on CNSNews.com-By Dan Joseph-On March 17, 2011:
The $4-Per-Gallon President–Posted on The Patriot Update-By Sarah Palin-On March 16, 2011:
Hugh Hewitt: Obama’s oil production protest fails fact-checking test–Posted on The Washington Examiner-By Hugh Hewitt-On March 13, 2011:
Federal Reserve Policies Drive Up Gas Prices–Posted on The New American-By DANIEL SAYANI-On March 11, 2011:
Obama Blames Oil Companies For Lack Of Drilling–Posted on Investors.com-By Sean Higgins-On March 11, 2011:
Bill Clinton: Drilling Delays ‘Ridiculous’–Posted on Politico-By DARREN GOODE-On March 11, 2011:
Time for Obama to Surrender in His War on Fossil Fuels: ‘Black Conservatives Criticize Obama Effort to Stifle Domestic Production’–Posted on The National Center For Public Policy Research-On March 11, 2011:
High Energy Prices Are Obama’s ‘Explicit Policy Goal,’ Inhofe Says–Posted on CNSNews.com-By Christopher Neefus-On March 10, 2011:
Republicans Pledge New Legislation for Domestic Energy Production as Gas Prices Rise–Posted on FoxNews.com-By The Associated Press-On March 10, 2011:
Hope and Change: Gas Prices Have Gone Up 67 Percent Since Obama Became President–Posted on The Weekly Standard-By MARK HEMINGWAY-On March 9, 2011:
Morning Bell: Don’t Tap the Strategic Petroleum Reserve–Posted on The Heritage Foundation-On March 9, 2011:
Inhofe: Obama Trying to Kill Oil and Gas, Force Green–Posted on NewsMax.com-By Jim Meyers-On March 8, 2011:
Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession–Posted on Daily Finance-By DOUGLAS MCINTYRE-On March 7, 2011:
Interior Secretary Says White House Opposes Drilling in Arctic Because It Will Not Lead to Energy Independence–Posted on CNSNews.com-By Nicholas Ballasy-On March 4, 2011:
ABC Finally Asks The Oil Question–Posted on Big Journalism-By Ron Futrell-On March 5, 2011:
U.S. May Reject Off-Shore Drilling Permits Due to Ruling–Posted on The Wall Street Journal-By RUSSELL GOLD-On March 4, 2011:
The Only Way Out for the American Economy–Posted on American Thinker-By Steve McCann-On March 4, 2011:
Morning Bell: The Jobs Obama is Leaving Behind–Posted on The Heritage Foundation-On March 4, 2011:
U.S. Decline in Global Arena: Is America No Longer No. 1?–Posted on Yahoo News-By FAREED ZAKARIA-On March 3, 2011:
Morning Bell: How Obama Is Making Gas Prices Higher–Posted on The Heritage Foundation-On March 3, 2011:
Barbour says Obama cheers for higher gas prices–Posted on Yahoo News-By PHILIP ELLIOTT, Associated Press-On March 2, 2011:
Note:The above articles and/or blog posts relate to and/or support my following blog posts-You Decide:
Could the oil spill be an Act of War?
Is there a Christian basis for combating the threat of global warming?
Was the Economic Crisis Manufactured?
Is it important to understand the Marxist assault on the foundations of our system?
Who or What Was Behind the Financial Crisis?
Who or what caused the economic crisis that propelled President Obama into office?
Who owns our supposedly fair and balanced airwaves and news outlets?
How ABC, CBS and NBC Have Dismissed and Disparaged the Tea Party Movement!
The Midterm Elections and the Communist Manifesto!
Progressive group maps out President Obama’s strategy for next 2 years!
New World Order By Executive Order!
Powerful men who meet secretly and plan how to run our country!
Treasury Secretary hired firm to help cover-up stimulus records!
Is the Fed’s concept of buying $600 billion of Treasuries just a smokescreen?
The Obama Fiscal Responsibility Farce Continues!
Is President Obama inciting riots across the US?
Where Is America Today?
Washington Times Calls for Obama’s Impeachment!
A Nation Adrift Theme and Disclaimer:
“Food For Thought”
“God Bless & Keep Our USA Safe”