Matt Damon and the Arab oil industry team up to stop fracking

January 15, 2013

(Thinker) It seems like Matt Damon’s new anti-fracking film, “Promised Land” has some secret financers behind it. These financers would love nothing more than to stop fracking in its tracks. Why, you ask? Well because these financers are actually part of Abu Dhabi, an Arab oil emirate.
Supporting the anti-fracking movie is just their way of silencing the competition – American oil and gas producers.

Not only does Image Nation Abu Dhabi finance the “Promise Land,” but the Abu Dhabi government owns the media company that subsidizes Image Nation.

The film’s Abu Dhabi connection is significant, because the UAE is the world’s third largest oil exporter, according to 2011 figures from the U.S. Energy Information Agency. The country also holds the 7th largest proven reserves of crude oil and natural gas in the world. The UAE was ranked 17th in the world in natural gas production in 2010, according to EIA. (Courtesy of CNS news)


The fact that the UAE is one of the major producers of gas and oil is important. US natural gas producers have seen an increase in production thanks to fracking, which allows them to access once unreachable gas reserves and oil wells. This puts US natural gas producers in steep competition with the United Arab Emirates, because fracking is such a lucrative business for the US oil and gas industry.

The more the US oil and gas industry utilizes the method of fracking the more the Arab oil countries feel threatened. Not to mention the UAE loses money, which keeps their country afloat.

Matt Damon’s financers are using his movie to demean fracking. These financers hope that negative public opinion will put an end to their competition. However, one problem with such a plan is that basing something on a lie always comes back to bite you where it hurts the most.


Environmentalist Movie Funded by Oil-Rich Royalty

September 28, 2012
Matt Damon / AP
(BY: – image Matt Damon / AP) Matt Damon turned to oil-rich Middle East royalty to finance his film attacking domestically produced natural gas.

The environmentalist screed, Promised Land, received a chunk of its funding from the United Arab Emirates, an oil kingdom known for its lavish spending on man-made islands and the world’s tallest building, according to the Heritage Foundation.

The creators of Promised Land have gone to absurd lengths to vilify oil and gas companies, as Scribe’s Michael Sandoval noted Wednesday. Since recent events have demonstrated the relative environmental soundness of hydraulic fracturing – a technique for extracting oil and gas from shale formations – Promised Land’s script has been altered to make doom-saying environmentalists the tools of oil companies attempting to discredit legitimate “fracking” concerns. …
Promised Land was also produced “in association with” Image Media Abu Dhabi, a subsidiary of Abu Dhabi Media, according to the preview’s list of credits. A spokesperson with DDA Public Relations, which is running PR for the film, confirmed that AD Media is a financier. The company is wholly owned by the government of the UAE.

An ever-growing market for domestic fracking threatens dependence on foreign oil from the likes of UAE and OPEC.

A strong global market presence for American natural gas could also work to the UAE’s disadvantage. The Arab nation ranks seventh worldwide in proven natural gas reserves. For instance, Japan’s energy imports are expected to rise significantly over the next five years. The country is currently a major importer of UAE natural gas. If it decided to import more LNG from the United States to accommodate its increased energy demands, it could deal a blow to the UAE economy. …
All of this suggests a direct financial interest on the UAE’s part in slowing the development of America’s natural gas industry. Pop culture can be a powerful means to sway public opinion. While Promised Land, like anti-fracking documentary Gasland, appears to inflate the dangers of hydraulic fracturing, it may have an impact on the public’s view of the practice.

Matt Damon is a longtime Democratic partisan. Though he has voiced criticisms of Barack Obama, he donated $4,600 in 2008 to then-candidate Obama. Damon also co-hosted a star-studded fundraiser for Massachusetts Democrat Elizabeth Warren in Hollywood that netted the “Native American” candidate $250,000.

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This is the tip of the iceberg when it comes to the Green movement. It isn’t just that the UAE is doing this for biz reasons (there are plenty of places that want to buy energy that don’t care about Green Tech). The reason the UAE is doing this is for public relations reasons. America needs to be autonomous of this public relations culture on the surface that reveals hardline tyranny.
PS: wasn’t it Mother Jones who showcased Carter’s video of Romney? and what totalitarian regimes did Mother Jones Rep? For starters Muammar Kaddaffi. Why are we falling for this? Why is it offensive to shout out the truth?


Dubai may get new financial aid from Abu Dhabi

April 7, 2011
Abu Dhabi might offer more fiscal aid to sister state Dubai to help refinance maturing debt, Barclays said
Barclays…
like the company that is building the home of the Nets in Brooklyn
is involved in saving Dubai from financial failure.
Dubai failed because of Shariah finance which did not allow debt because credit was all hypothetical.

The New Taqiyya: Islamic finance and Islamic banking, which are among the fastest growing financial industries in the world, are best understood in their political and cultural contexts, and by what formed their theoretical origins.

via facebook.com hmmm…..

wonder if Randi Zuckerberg
intends on going back soon?

To begin with, Islamic banks are based on a corpus of doctrines called “Islamic economics,” which claims to be based on the Quran, but is actually the creation of the Islamist thinker Abu’l-A’la Mawdudi (1903-1979).

Anyhow… back to Barclays who is announcing a plan to save Dubai which shafted Western finance when their little dream city went into debt. The irony is the West deserved to be shafted for doing business with these people.


Abu Dhabi might offer more fiscal aid to sister state Dubai to help refinance maturing debt, Barclays said
Abu Dhabi, the capital of the United Arab Emirates and home to 90 percent of the country’s oil reserves, might offer more fiscal aid to sister state Dubai to help refinance maturing debt, Barclays Capital said.
“As higher oil prices and production replenishes the coffers in Saudi, Kuwait and UAE on improving fiscal and external balances, we would not rule out oil-rich Abu Dhabi supporting Dubai in meeting some of its refinancing needs to avoid negative headlines and confirm its solidarity with other emirates,” Alia Moubayed, London-based senior economist for the firm, said in a research report Wednesday.
Abu Dhabi agreed a $20bn deal with Dubai after Dubai World, the state-owned holding company, roiled global markets by seeking to alter terms on about $25bn of debt following the 2008 property crash.
Dubai and its government entities have about $18bn of loans coming due in 2011, Shady Shaher of Standard Chartered Plc said in December.

The UAE and neighbouring countries are benefiting from oil prices that have risen 19 percent this year, reaching a 2011 high today of $109.15 a barrel, as conflict raged in Libya and protests gripped countries from Morocco to Bahrain.
The UAE is home to about seven percent of the world’s oil supply.
Dubai and its state-owned companies ran up debt of at least $129.3bn, according to estimates by Credit Suisse Group AG, as the emirate, lacking Abu Dhabi’s oil, developed its property, tourism, trade and financial-services industries. Dubai World signed a final deal with creditors March 23, marking the end of the restructuring.
“Dubai’s refinancing risk, which has preoccupied markets for the past 18 months, has moved to the background, as Bahrain’s mounting political risk comes to the fore,” the report said.

via arabianbusiness.com

Green Design looks like an Eminent Domain Shit Sandwich –
SHoP Architects Alters Design For Barclays Center

 Interesting… both Bloomberg and Barclays are involved in Shariah finance and both are involved with the New Jersey Nets… which Obama helped promote… quite an incentive for Bloomberg to cater to Islam.  Government in NY is four timees bigger then Bloomberg’s fortune.  The man has a lot to gain by giving his fellow Westerners the shaft.



Kuwait could buy GM stake

November 11, 2010

Now Muslim nations get to reap the rewards. Apparently, GM approached Kuwait, Saudi Arabia, and Abu Dhabi about investing in the initial public offering.   The Saudi company which may take part is owned and run by the anti-Semitic, homicide-bomber-telethon donor (and FOX News owner) Prince Al-Waleed Bin Talal.  Nauseating:

    • GM on Wednesday disclosed estimated terms for its planned IPO, in which some $15 billion (Dh55.05 billion) of stock could be sold and the US government would reduce its stake to below 50 per cent.
    • Image Credit: AP
    Kuwait City: The Kuwait Investment Authority, Kuwait’s sovereign wealth fund, may participate in General Motors Co’s planned initial public offering if it is feasible for the fund, its managing director said Saturday.
    “Last week, they announced the price range, which is the valuation range,” Bader Al Saad told reporters in Kuwait City.
    “We have to review if it is feasible for us. If it is feasible for us we will look into it. If it is something cheap, we are interested of course,” Al Saad said.
    GM on Wednesday disclosed estimated terms for its planned IPO, in which some $15 billion (Dh55.05 billion) of stock could be sold and the US government would reduce its stake to below 50 per cent.
    Current owners of the company, including the US Treasury Department, plan to offer at least 365 million shares at a projected $26 to $29 each, according to a filing with the Securities and Exchange Commission. The final price, which should be set around on next Wednesday, could be higher or lower than this range, depending on market demand.
    High cycle
    In addition to the common stock being sold by the current owners, GM plans to sell 60 million shares of preferred stock for an estimated $50 each.
    General Motors is currently approaching several sovereign wealth funds in the Middle East for its planned IPO of the “new GM” this month, Gulf News has learnt from people who are involved in the talks. Among them are Saudi Arabia’s Kingdom Holding, Abu Dhabi’s Mubadala as well as Qatar Holding.

Besides that, GM is also talking to Singapore’s Tem-asek Holdings, the investment arm of the Singapore government. There are also talks that GM’s Chinese partner Shanghai Automotive Industry Corp might buy a larger stake.
GM’s Chief Financial Officer Chris Liddell, pitching investors on its initial public offering, said on Thursday earnings before interest and taxes may rise to as much as $19 billion in what it called a “high cycle” for the global automobile industry.
GM, planning to raise as much as $10.6 billion in the IPO, has reduced its hourly labour costs and will be able to produce as much as $16 billion in free cash flow with profit margins as wide as 10 per cent, Chief Financial Officer Chris Liddell said.
The old General Motors Corp was restructured in a US-backed bankruptcy last year, allowing the Detroit-based automaker to earn as much as $4.2 billion through three quarters this year.
“This will give us the type of fortress balance sheet that we believe is appropriate for a company in a high fixed-cost, cyclical industry,” Liddell said.


Another Western Liberal Ends Up Dead From Islamic Culture: British Abu Dhabi Teacher killed herself after ex-boyfriend posted naked photos on Facebook

February 27, 2010

A warning to infidel women thinking of working in Islamic countries.

Emma Jones pictured on the day of her graduation from Greenwich University.

Emma Jones pictured on the day of her graduation from Greenwich University. Photo: Wales News Service

Emma Jones, 24, drank poisonous cleaning fluid after confiding in friends that she feared she could be jailed in the Muslim country over the explicit images.

The hearing was told one of Miss Jones’s colleagues had seen the photographs after they were uploaded onto the social networking site allegedly by her former lover Jamie Brayley.

NOTE:

Emma Jones, 24, drank poisonous cleaning fluid after confiding in friends that she feared she could be jailed in the Muslim country over the explicit images.

The hearing was told one of Miss Jones’s colleagues had seen the photographs after they were uploaded onto the social networking site allegedly by her former lover Jamie Brayley.

The colleague accused Miss Jones, who was working in an international school in Abu Dhabi, of being a prostitute and she feared he would report her to authorities, the inquest heard.


He put them on her Facebook and she said she was accused of prostitution by a man working at the school.”

Pathologist Dr Thomas Hockey concluded that Miss Jones, of Caerphilly, south Wales, died after drinking a corrosive substance.

Mr Atherton said he could not be sure Miss Jones, a sociology graduate, meant to kill herself and recorded an open verdict.

He said she may have accidentally drunk cleaning fluid from an unlabelled container, mistakenly believing it was water.

He said: “For whatever reason Emma expressed concern she was about to be arrested and put in prison.

“She agreed the best course of action was to leave Abu Dhabi and return to Britain. Her clothes were out and her passport was in her pocket.