Chinese Communist State Company–China National Offshore Oil Corp.(CNOOC)–Invests In Texas Oil–Videos

Posted on October 13, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Employment, Energy, Foreign Policy, government, government spending, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Resources, Strategy, Technology | Tags: , , , , , , , , , |

Cnooc Ltd. Buys 33% Stake In Chesapeake Energy’s Eagle Ford Shale For $1.08 B


Morning Market Snapshot: October 11th, 2010



CNOOC To Cut Costs, Boost Oil Output This Year – Bloomberg


Davos Annual Meeting 2010 – Redesigning the Global Dimensions of China’s Growth

Should China Be Allowed to Buy Texas Oil?

China’s play for Texas oil is just another act in the US debt drama.

By Peter Navarro

“…Second, with China, there is always the perennial “what’s good for the goose is good for the gander” issue. In fact, China recently began an accelerated strategy to develop shale gas within China and will use this latest deal to acquire technologies related to shale gas development as well as knowledge about best drilling practices and other critical information. Of course, once it acquires this technology and information, the protectionist Chinese government will not allow foreign companies the same kind of access to its own shale gas industry.

Third, in and of itself, this deal may seem fairly innocuous. However, it also represents a “camel’s nose under the tent” probe by the Chinese government for bigger and bolder acquisitions that may not be in the strategic interests of the United States — remember the controversy five years ago when China tried to buy Unocal.

Finally, deals like this play an important part in China’s currency manipulation as China seeks to diversify out of U.S. government bonds and acquire hard assets like oil reserves which represent a better inflation hedge. To be clear here, to maintain the grossly undervalued Chinese yuan’s fixed peg to the dollar, the Chinese government must circulate U.S. dollars back into the U.S. One way to do this is to buy U.S. government bonds, which is how China has acquired almost $2 trillion of U.S. treasuries. But buying hard U.S. assets like oil reserves is now seen in Beijing as a better way for China to manipulate its currency because hard assets are better inflation hedges.

In the final analysis, the best way to look at this deal is as just another monthly payment by America on its mortgage to China. Until China freely values its currency, lowers its Great Walls of Protectionism around its various markets and resources, and plays by the rules of free trade, Chinese companies, whether state-owned enterprises or not, should not be allowed to acquire American companies. …”


China Turns to Texas for Drilling Know-How


“…The deal struck with Chesapeake Energy Corp. is driven by the Chinese state-controlled oil company’s desire to both gain a foothold in a booming U.S. energy market and garner technology that could increase China’s domestic energy supplies and reduce its reliance on coal-fired power plants, industry experts say.

Chesapeake is one of the pioneers in applying new drilling technologies to release oil and gas trapped in tight rock formations called shales.

The deal will likely get a full, 75-day review by the Committee on Foreign Investment in the United States, said legal experts. But CFIUS—the interagency body that vets foreign purchases of U.S. assets for threats to national security—is unlikely to oppose the deal, they added.

The proposed purchase as outlined would help expand energy production in the U.S. and any technology transfer to the Chinese would help them develop their own sources of oil and natural gas, they said.

In 2005, Cnooc withdrew a multi-billion dollar bid for Unocal Corp. amid national security worries in Washington, D.C. But last year, its acquisition of offshore fields in the U.S. Gulf of Mexico was unopposed.

Chesapeake Chief Executive Aubrey McClendon said in an interview that he expects few objections. The investment is evidence Chinese companies are “able to figure out a way to invest in the U.S. in a manner that is acceptable in the business community and acceptable to political leadership,” Mr. McClendon said. …”

China stakes claim to S. Texas oil, gas

By Monica Hatcher – Houston Chronicle


“… State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.

It also might pick up some American know-how about tapping the hard-to-get deposits trapped in dense shale rock formations, analysts said.

As part of the deal, the largest purchase of an interest in U.S. energy assets by a Chinese company, CNOOC has agreed to pay about $1.1 billion for a chunk of Chesapeake’s assets in the Eagle Ford, a broad oil and gas formation that runs largely from southwest of San Antonio to the Mexican border.

CNOOC also will provide up to $1.1 billion more to cover drilling costs. …”

Background Articles and Videos

Davos Annual Meeting 2010 – What Is the “New Normal” for Global Growth?

CNOOC Invests in Chesapeake Field For $2.16B

News Update: CNOOC, GE Considering Setting Up Private Equity Fund Worth 3 Billion Yuan (CEO,GE)


What’s In The News: July 2, 2010

CNOOC Seeks Stakes In Nigeria Oil Reserves

News Update: Cnooc Ltd. Profit Doubles, Announces Management Reshuffling

Cnooc, General Electric plan PE fund

By Wan Zhihong and Mao Lijun (China Daily)

New venture likely to consider investments in energy projects at home and abroad

“…BEIJING – China National Offshore Oil Corp (Cnooc) and global conglomerate General Electric Co (GE) are considering setting up a 3 billion yuan private equity (PE) fund, a source familiar with the matter said on Thursday.

Both companies will hold identical stakes of 50 percent each in the fund. The fund will be used for investments in several sectors including domestic and global energy projects, the source said on condition of anonymity.

Analysts said the move would boost Cnooc’s asset management and investment capabilities. It also lends credence to the offshore oil explorer’s efforts to develop itself into an integrated energy company.

China’s two leading oil companies, PetroChina and Sinopec, have already got strong financial businesses. Hence it is only natural for Cnooc also to consider a financial sector extension, said Liu Gu, an analyst with Guotai Jun’an Securities in Shenzhen.

Cooperation with GE would help Cnooc improve its risk management capabilities, said Lin Boqiang, a professor at Xiamen University.

“Cnooc will benefit from GE’s professionalism and rich experience in managing assets,” he said.

Analysts said Cnooc would gain from GE’s strong global network and have better access to overseas investment opportunities. …”


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American People Should Force Federal Government To Sell Off The Land Its Owns To Payoff National Debt!

Posted on March 10, 2010. Filed under: Blogroll, Communications, Culture, Economics, Employment, Energy, Entertainment, Farming, Federal Government, Fiscal Policy, government, government spending, Health Care, Investments, Language, Law, liberty, Life, Links, Music, People, Philosophy, Politics, Programming, Quotations, Rants, Raves, Regulations, Religion, Resources, Security, Taxes, Uncategorized, Video, Wisdom | Tags: , , , , , |

Pete Seeger and Bruce Springsteen – This Land is Your Land

This Land Is Your Land

This land is your land This land is my land
From California to the New York island;
From the red wood forest to the Gulf Stream waters
This land was made for you and Me.

As I was walking that ribbon of highway,
I saw above me that endless skyway:
I saw below me that golden valley:
This land was made for you and me.

I’ve roamed and rambled and I followed my footsteps
To the sparkling sands of her diamond deserts;
And all around me a voice was sounding:
This land was made for you and me.

When the sun came shining, and I was strolling,
And the wheat fields waving and the dust clouds rolling,
As the fog was lifting a voice was chanting:
This land was made for you and me.

As I went walking I saw a sign there
And on the sign it said “No Trespassing.”
But on the other side it didn’t say nothing,
That side was made for you and me.

In the shadow of the steeple I saw my people,
By the relief office I seen my people;
As they stood there hungry, I stood there asking
Is this land made for you and me?

Nobody living can ever stop me,
As I go walking that freedom highway;
Nobody living can ever make me turn back
This land was made for you and me.


Glenn Beck – Our Own Government Is Stopping Our Independence

Glenn Beck on selling the government finite resources

Utah to U.S.: Give Us Back Our Land



Federal Lands and Indian Reservations

“…Go to map listto view and print Federal Lands and Indian Reservations maps The Federal Government owns nearly 650 million acres of land – almost 30 percent of the land area of the United States. Federally-owned and managed public lands include National Parks, National Forests, and National Wildlife Refuges. These are lands that are held for all Americans. The Federal agencies responsible for managing America’s natural resources must meet both the public desire to protect them and the public expectation of economic growth based on them. Within the Federal Government, a number of agencies contribute to the management of natural resources associated with public lands. All of these Federal agencies are partners in the production of

In the United States there are only two kinds of reserved lands that are well-known: military and Indian. An Indian Reservation is land reserved for a tribe when it relinquished its other land areas to the United States through treaties. More recently, Congressional acts, Executive Orders, and administrative acts have created Reservations. There are approximately 275 Indian land areas in the United States administered as Indian Reservations (reservations, pueblos, rancherias, communities, etc.). The largest is the Navajo Reservation of some 16 million acres of land in Arizona, New Mexico, and Utah. Many of the smaller Reservations are less than 1,000 acres with the smallest less than 100 acres. On each Reservation, the local governing authority is the tribal government. Military reservations are managed by the Department of Defense. Examples include army posts, marine bases, naval stations, and air force bases.

These maps were designed for use on the World Wide Web or for generating high quality color prints. Each map shows the Federal Lands and Indian Reservations overlaid on top of State boundaries, selected streams and waterbodies, and major cities for easy reference. In addition, there is a map showing Federal Lands and Indian Reservations for the entire United States.

The maps are available in the following formats. …”



woody guthrie-this land

Bruce Springsteen: THIS LAND IS YOUR LAND

Arlo Guthrie & Pete Seeger/ This Land Is Your Land

Background Articles and Videos

Arlo Guthrie & Pete Seeger/ If I Had A Hammer


Arlo Guthrie & Willie Nelson/Will The Circle be Unbroken


Pete Seeger/ Where Have All The Flowers Gone


This Land is Your Land a Tribute to Woody Guthrie

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United States Department of Interior

Posted on January 29, 2010. Filed under: Blogroll, Communications, Economics, Energy, Federal Government, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Taxes, Video, Wisdom | Tags: , , , , , , , , |

    Saddling Posterity with Debt

“We believe–or we act as if we believed–that although an individual father cannot alienate the labor of his son, the aggregate body of fathers may alienate the labor of all their sons, of their posterity, in the aggregate, and oblige them to pay for all the enterprises, just or unjust, profitable or ruinous, into which our vices, our passions or our personal interests may lead us. But I trust that this proposition needs only to be looked at by an American to be seen in its true point of view, and that we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority.”

~Thomas Jefferson to John Wayles Eppes, 1813


US Debt Clock



United States Department of Interior

United States Department of Interior

The United States Department of Interior: History of Interior

Department of the Interior – $12billion + $3 billion from the Recovery Act

The U.S. Department of the Interior budget supports programs that expand environmental education activities, strengthen Native American communities and promote renewable energy. Obama’s budget also includes provisions to close loopholes that give oil companies excessive royalty relief.


Department of the Interior

Major Programs Receiving Money From U.S. Department of Interior Budget

US Natural Resources

  • National Park Service will receive funds to protect and maintain natural resources – $25 million
  • Land and Water Conservation Fund – $420 million
  • Create a dedicated funds to fight wildfires – $75 million

Clean Energy

  • Research and testing for renewable energy – $50,000,000
  • Wetlands conservation – $10,000 budget increase

Strengthening Native American Communities

“…Department of the Interior

The Department of the Interior (DOI) is the nation’s principal conservation agency. Its mission is to protect America’s natural resources, offer recreation opportunities, conduct scientific research, conserve and protect fish and wildlife, and honor our trust responsibilities to American Indians, Alaskan Natives, and our responsibilities to island communities.

DOI manages 500 million acres of surface land, or about one-fifth of the land in the United States, and manages hundreds of dams and reservoirs. Agencies within the DOI include the Bureau of Indian Affairs, the Minerals Management Service, and the U.S. Geological Survey. The DOI manages the national parks and is tasked with protecting endangered species.

The Secretary of the Interior oversees about 70,000 employees and 200,000 volunteers on a budget of approximately $16 billion. Every year it raises billions in revenue from energy, mineral, grazing, and timber leases, as well as recreational permits and land sales. …”

United States Department of Interior

“…The United States Department of the Interior (DOI) is the United States federal executive department of the U.S. government responsible for the management and conservation of most federal land and the administration of programs relating to Native Americans, Alaska Natives, and Native Hawaiians, and to insular areas of the United States.

The Department is administered by the United States Secretary of the Interior, who is a member of the Cabinet of the President. The current Secretary is Ken Salazar of Colorado.

Despite its name, the Department of the Interior has a different role from that of the interior ministries of other nations, which are usually responsible for functions performed in the U.S. by the Department of Homeland Security primarily and the Department of Justice secondarily.


A department for domestic concern was first considered by the 1st United States Congress in 1789, but those duties were placed in the Department of State. The idea of a separate domestic department continued to percolate for a half-century and was supported by Presidents from James Madison to James Polk. The 1846-48 Mexican-American War gave the proposal new steam as the responsibilities of the federal government grew. Polk’s Secretary of the Treasury, Robert J. Walker, became a vocal champion of creating the new department.

In 1849, Walker stated in his annual report that several federal offices were placed in departments which they had little to do with. He noted that the General Land Office had little to do with the Treasury and also highlighted the Indian Affairs office, part of the Department of War, and the Patent Office, part of the Department of State. Walker argued that these and other bureaus should be brought together in a new Department of the Interior.

A bill authorizing its creation of the Department passed the House of Representatives on February 15, 1849, and spent just over two weeks in the Senate. The Department was established on March 3, 1849, the eve of President Zachary Taylor’s inauguration, when the Senate voted 31 to 25 to create the Department. Its passage was delayed by Democrats in Congress who were reluctant to create more patronage posts for the incoming Whig administration to fill. The first Secretary of the Interior was Thomas Ewing.

Many of the domestic concerns the Department originally dealt with were gradually transferred to other Departments. Other agencies became separate Departments, such as the Bureau of Agriculture, which later became the Department of Agriculture. However, land and natural resource management, Native American affairs, wildlife conservation, and territorial affairs remain the responsibilities of the Department of the Interior.

As of mid-2004, the Department managed 507 million acres (2,050,000 km²) of surface land, or about one-fifth of the land in the United States. It manages 476 dams and 348 reservoirs through the Bureau of Reclamation, 388 national parks, monuments, seashore sites, etc. through the National Park Service, and 544 national wildlife refuges through the Fish and Wildlife Service. Energy projects on federally managed lands and offshore areas supply about 28% of the nation’s energy production.

Native Americans

Within the Interior Department, the Bureau of Indian Affairs handles some federal relations with Native Americans, while others are handled by the Office of Special Trustee. The current acting Assistant Secretary for Indian Affairs is George Skibine. The Department has been the subject of disputes over proper accounting for Indian Trusts set up to track the income and pay-out of monies that are generated by trust and restricted Native American lands. Currently there are several cases that seek accountings of such funds from the Departments of Interior and Treasury.

Operating units

The hierarchy of the U.S. Department of the Interior.
  • Assistant Secretary for Policy, Management, and Budget
    • Deputy Assistant Secretary for Law Enforcement, Security, and Emergency Management (DAS-LESEM)
      • Office of Law Enforcement, Security, and Emergency Management (OLESEM)
  • Bureau of Indian Affairs
  • Bureau of Land Management
  • Bureau of Reclamation
  • Federal Executive Boards
  • Interior Museum
  • Minerals Management Service
  • National Park Service
  • Office of Insular Affairs
  • Office of Surface Mining
  • United States Fish and Wildlife Service
  • United States Geological Survey

Background Articles and Videos


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United States Department of Agriculture

United States Department of Commerce

United States Department of Defense

United States Department of Education

United States Department of Energy

United States Department of Health and Human Resources

United States Department of Homeland Security

United States Department of Housing and Urban Development

United States Department of Interior

United States Department of Justice

United States Department of Labor

United States Department of State

United States Department of Transportation

United States Department of The Treasury

United States Department of Veteran Affairs

United States Office of Management and Budget

United States Office of Personnel Management

United States Social Security Administration

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