Category Archives: oil

Awesome Beautiful Presidential Power

awesome beautiful presidential power

President Obama banned oil drilling in parts of the Atlantic and Arctic Oceans. His proclamation is permanent and irreversible. The president says he derives this power from the Continental Outer Shelf Land Act.

He commanded the planet to heal and the oceans to slow their rise eight years ago. So this would seem a minor extension of his mandate.

But not everyone agrees he has the power to enforce his will on future presidents and Congresses. Here’s Kevin Williamson in National Review:

Legally speaking this is, as Professor Patrick Parenteau of Vermont Law School wryly put it, “uncharted waters.”

Awesome Beautiful Presidential Power

David Harsanyi in The Federalist agrees the president can’t have have his way with those who come after him. But he fears that future presidents may not want to overturn Obama’s will. So much the better to expand their own awesome beautiful presidential power:

So Republicans could likely overturn this diktat as they can the rest of Obama’s rickety legacy, predominately built on circumventing the law-making branch of the United States government. The problem is that Trump (and anyone else who comes along) has little reason not to adopt Obama’s unprecedented use of the executive power.

 

Trump’s Animal Spirits

161205animal spirits

James Fallows, in the October Atlantic, says Jane Goodall told him that Donald Trump reminds her of a chimp:

In many ways the performances of Donald Trump remind me of male chimpanzees and their dominance rituals,” Jane Goodall, the anthropologist, told me shortly before Trump won the GOP nomination. “In order to impress rivals, males seeking to rise in the dominance hierarchy perform spectacular displays: stamping, slapping the ground, dragging branches, throwing rocks. The more vigorous and imaginative the display, the faster the individual is likely to rise in the hierarchy, and the longer he is likely to maintain that position.”

Animal Spirits

The elite made a monkey of Trump before the election. But since then he’s released the stock market’s animal spirits. Oil and the dollar dig The Donald too.

Many 401-k investors are bullish because stocks have hit record highs. But Clinton Foundation investors – not so much.

Well, at least one Clinton supporter has done ok. Warren Buffett’s Berkshire Hathaway is up 8% since the election.

 

No Clinton Foundation Access for Benghazi Dead

clinton foundation

An AP story says 85 of 154 meetings Hillary Clinton had regarding private interests, when she was Secretary of State, were with Clinton Foundation donors.

Clinton Foundation Access Fit For A Prince

Some of those donors represented foreign interests too. Politico reported that the crown prince of Bahrain used his Clinton Foundation connection to get a meeting with  Secretary Clinton. That was after he struck out going through “normal channels. So Clinton Foundation executive Doug Band emailed Huma Abedin with the request:

“Cp of Bahrain in tomorrow to Friday[.] Asking to see her[.] Good friend of ours,” Band wrote Abedin on her State Department email address on June 23, 2009.

Abedin responded the same day, a Tuesday, that the crown prince had asked to see Clinton through “normal channels” on Thursday and Friday.

“I asked and she said she doesn’t want to commit to anything for thurs or fri until she knows how she will feel. Also, she says that she may want to go to ny and doesn’t want to be committed to stuff in ny [sic],” Abedin wrote via her State account, following up that she meant “stuff in dc.”

Band responded to the first message, “Cool.”

Two days later, on June 25, 2009, Abedin wrote Band: “Offering bahrain cp 10 tomorrow for mtg [with ] hrc[.] If u see him, let him know.”

“We have reached out thru official channels,” Abedin added in the same message.

Band responded: “Nice[.] Abdullah is his guy[.] He’s great[.]”

Crown Prince Salman had committed $32 million to scholarships through the Clinton Global initiative.

Feeling the Bern in Venezuela

venezuela

Hugo Chavez used to give heating oil to poor Americans through Joe Kennedy’s Citizen’s Energy Corp. Now the mayor of Caracas tweets that Venezuelans are hunting cats and dogs for dinner.

Regular blackouts shut down hospital respirators for hours in Venezuela according to the  NYT. Glenn Reyonolds, at USA Today, says socialism doesn’t help poor people. It creates them.

The Bern in Venezuela

Bernie Sanders says he’s for Denmark style socialism. Danes aren’t pleased. T.D. Tuccille, in Reason, quotes Bernie Sanders giving a shoutout to Socialism’s ability to make people equally poor:

“Sometimes American journalists talk about how bad a country is because people are lining up for food. That’s a good thing,” Sanders told interviewers in 1985. “In other countries people don’t line up for food; the rich get the food and the poor starve to death.”

The Venezuelan elite aren’t eating their pets. Chavez’s daughter is believed to have a net worth in the billions.

End of Coal

coal

Two stories lured me off from the campaign trail for today.

Peabody Energy, the world’s biggest coal company, filed for bankruptcy. President Obama promised to drive the coal industry into bankruptcy. As it happens, the fracking industry is driving coal into bankruptcy. Natural gas is cheaper and cleaner than coal. Obama hoped to replace coal with renewable energy.

The other story is that,  SunEdison, world’s biggest renewable energy company, is also preparing to file for bankruptcy.