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Old March 19th, 2014, 05:36 PM
bonnyprincecharlie bonnyprincecharlie is offline
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Default Obama will probably sell strategic fuel reserves instead of approving alternatives

Selling strategic fuel reserves will be President Obama fast track to avoid approving the Keystone oil line and liquified natural gas facility permits.

(I wonder who is going to make money from the sale of the strategic fuel reserves. Is it going to be the oil traders? countries like China? }

"Two Washington-based trade associations -- the U.S. Chamber of Commerce, which represents 3 million businesses, and the National Association of Manufacturers -- separately stressed the importance of multinational sanctions.

“A go-it-alone approach by the United States could be both economically damaging and ineffective in accomplishing its goals,” Myron Brilliant, head of international affairs at the chamber, said in an e-mail statement. “We will continue to monitor action on this issue as it develops.”

The manufacturers’ group said they are pushing lawmakers for faster approvals of U.S. liquefied natural gas facilities, which could help make Western Europe less dependent on Russian gas. Russia, the world’s largest oil producer, exported $160 billion worth of crude, fuels and gas-based industrial feedstocks to Europe and the U.S. in 2012.

“With an expedited review, the administration would send a strong signal to the Russian Federation, our NATO allies, our trading partners and the rest of the world that energy exports matter and are a critical tool of American foreign policy,” Jay Timmons, president of NAM, said in an e-mail."

Source: GE-Boeing Among Firms Tracking Russia Sanctions Fallout By Annie Linskey and Julie Johnsson Mar 19, 2014
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