Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into a new Saudi Arabia. The discovery in central Australia was reported by Linc Energy to the stock exchange and was based on two consultants reports, though it is not yet known how commercially viable it will be to access the oil. The reports estimated the company’s 16 million acres of land in the Arckaringa Basin in South Australia contain between 133 billion and 233 billion barrels of shale oil trapped in the region’s rocks. It is likely however that just 3.5 billion barrels, worth almost $359 billion (£227 billion) at today’s oil price, will be able to be recovered.
Have left-liberals killed liberal education? I’ve come to think so, and recent developments at Vassar and Bowdoin help confirm my fear.The indispensable Stanley Kurtz is on top of both stories. At Vassar, the subject of this post, he reports on attempts to block a speech by Alex Epstein, a proponent and defender of America’s conventional energy industries. Epstein was invited to speak by Vassar’s Moderate, Independent, Conservative Alliance (MICA).The presentation of Epstein’s point of view was particularly important at Vassar. For, as Kurtz demonstrates, the college has attempted, in the context of an aggressive fossil-fuel divestment campaign, to brainwash its students on issues of climate change, energy, and the environment. As one student told Kurtz, “I don’t feel that [conservative students at Vassar] are able to freely express their views at all.”The reaction to Epstein’s appearance is consistent with that impression. Posters advertizing his lecture were promptly covered or ripped down. The head of MICA, whose room lock was broken, was ridiculed mercilessly and eventually came under pressure from leftist students to pay Epstein not to appear. One student threatened to inflict bodily injury on himself at Epstein’s lecture in order to disrupt it.At the lecture, protesters (some believed to be from the Occupy Wall Street movement) appeared. Some of them wore Dick Cheney masks. Wearing masks, a cowardly act, is an Occupy tactic. Vassar students told Kurtz that the presence of masked protesters created considerable tension that detracted from the lecture experience.About half an hour into the lecture, a protester interrupted Epstein to read a prepared statement. Then, on cue, approximately 30 people (about a third of the audience in the room) walked out. The good news is that some students criticized the protesters as they left.How did Vassar respond? Its acting president issued a tepid statement to the effect that the students who left the lecture lost an opportunity to engage and question the speaker. Apparently, he has not addressed the tearing down of posters, the attempt to pay Epstein not to speak, the threat of a student to harm himself if the speech occurred, and the interruption of the speech itself.As Kurtz concludes, Vassar appears to have passed a tipping point beyond which the classical ideals of liberal education no longer meaningfully operate where they are most needed. And Vassar is not an isolated case, as I will argue in my next post on the subject.
The London-based paper noted that improved ties between Turkey and Israel could also affect Cyprus should greater energy cooperation result in Nicosia getting sidelined. A Turkish official told FT that reconciliation also made a possible gas pipeline from Israel to Turkey a “much more viable” idea.
The latest opinion of an advisory committee of the Israeli government is that if gas should be exported, it will have to go through Israel first. A Cypriot diplomatic source told the Cyprus Mail that reports suggest Turkey is seriously considering a pipeline between Israel and Ceyhan. “This could very well be a game-changer. There is much more (to the apology) than meets the eye,” he said.
Matthew Bryza, a former US ambassador to Azerbaijan, was quoted by FT saying that without Israel to provide economies of scale, “in the short term the Cypriots lose their ability to do a pipeline or an LNG (liquefied natural gas) option”, adding that in the longer run a Cypriot pipeline to Turkey would make most commercial sense.
According to FT, Noble Energy and Delek Energy, who are the main investors in Israel’s large offshore natural gas fields- as well as partners in Cyprus’ Block 12- have in recent weeks “sounded out possible customers in energy-hungry Turkey”. The paper noted that until now, the private sector was eager to proceed with a possible pipeline between Israel and Turkey but that the political rift between the two governments did not allow progress to be made. (MORE)
(BY: Washington Free Beacon Staff – 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.
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?