Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: global

What if the Energy Department is Right?

This article was published by The McAlvany Intelligence Advisor on Friday, May 2, 2017:

English: A picture of the National Petroleum R...

A picture of the National Petroleum Reserve–Alaska,

Tom Lombardo appears to be a self-effacing journalist, professor, and armchair philosopher with a certification as a Professional Energy Manager. He calls himself either “an idealistic pragmatist” or a “pragmatic idealist,” but with no discernible ties either to the energy industry or the green movement. That’s what makes his assessment of the Obama Energy Department’s study published last summer on renewable energy remarkable. If he’s correct, then Big Oil is shortly going to have a day of reckoning in Alaska.

Writing at Engineering.com, Lombardo reviewed a report emanating from the Energy Department in August last year titled, “Estimating Renewable Energy Economic Potential in the United States: Methodology and Initial Results.” After looking at various energy scenarios (the Energy Department did no forecasting in its report), Lombardo summed up the study:

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Alaska’s North Slope Oil Reserves Are “Open for Business”

This article appeared online at TheNewAmerican.com on Thursday, June 1, 2017:  

Map of northern Alaska showing location of , A...

Map of northern Alaska showing location of , ANWR-1002 area, and the National Petroleum Reserve-Alaska (NPRA).

Following a six-day trip to northern Alaska, Trump’s Interior Secretary Ryan Zinke signed an order on Wednesday in Anchorage that reverses a 2013 Obama administration executive order. That 2013 order removed half of the immense National Petroleum Reserve-Alaska (NPRA) on Alaska’s North Slope from consideration for energy development. Said Zinke:

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Trump Pressured to Stay in Paris Climate Agreement

This article appeared online at TheNewAmerican.com on Monday, May 29, 2017:

Candidate Donald Trump repeatedly promised that he would, if elected president, withdraw from the Paris Agreement agreed to under the previous administration in 2015. He said, “We are going to cancel the Paris climate agreement [and] stop all payments of the United States tax dollars to U.N. global warming programs.”

Under that agreement (not a treaty which then-President Obama claimed wouldn’t need Senate ratification), so-called global warming would be limited by slashing carbon dioxide and other emissions from the burning of fossil fuels and concentrating instead on green energy development.

One sign that Trump intends to keep his promise followed the official dispatch from the G7 Summit in Sicily on Friday:

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Moody’s Revelation: “Managed” Economies fail

This article was published by The McAlvany Intelligence Advisor on Friday, May 26, 2017:  

Perhaps without knowing it, Moody’s downgrade of China one full notch on Wednesday exposed the fallacy of managed economies: that government bureaucrats with fancy degrees from the University of Chicago, Harvard, or Yale know what they’re doing. One of those fallacies that have been promoted for years came from Yale grad Arthur Laffer as far back as the Reagan administration. On the surface it sounds eminently logical: cut taxes and the economy will grow. The fallacy is knowing just how much to cut, whose to cut, when to cut, and how long to cut.

The Laffer Curve undergirds the whole idea of “supply side economics” –

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Moody’s Credit Downgrade of China First in Almost 30 Years

This article appeared online at TheNewAmerican.com on Thursday, May 25, 2017:

China GDP

China GDP

Moody’s Investors Service, one of the big three credit-rating services in the country, downgraded China’s creditworthiness one full notch on Wednesday. It moved the world’s second-largest economy from Aa3 (“high quality [with] very low risk”) to A1 (Upper-medium grade [with] low credit risk”). It explained why:

The downgrade reflects Moody’s expectations that China’s financial strength will erode somewhat over the coming years, with economy-wide debt continuing to grow as potential growth slows.

That “potential growth” has been slowing since at least 2010. In that year Chinese government agencies reported growth in excess of 10 percent. By 2014, it had slowed to 7.3 percent, to 6.9 percent in 2015, and is now at a reported 6.7 percent.

Moody’s is late to the game.

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Judicial Watch: Soros Using U.S. Funds to Help Overthrow Macedonian Government

This article appeared online at TheNewAmerican.com on Friday, April 21, 2017:

Saul Alinsky

Saul Alinsky

As part of its investigation into just how American taxpayer monies are being used by George Soros’ groups to infiltrate Macedonia’s conservative government, Judicial Watch on Wednesday filed suit against the U.S. Department of State (DOS) and the U.S. Agency for International Development (USAID).

Judicial Watch, a conservative non-partisan government watchdog group, said in its suit that USAID, working with radical elements inside the DOS (left over from the Obama administration), have disbursed $5 million to

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Trump Administration Tips Its Hand, Oks Third Greek Bailout

This article appeared online at TheNewAmerican.com on Monday, April 17, 2017:

It took EURACTIV, the online source that focuses on European policymaking, to report that the Trump administration has signaled that, previous protestations to the contrary, it won’t object to a third Greek bailout. The anonymous Trump administration tipster told its reporters: “We’re looking for the Europeans to help Greece to resolve its economic problems by the Fund [the International Monetary Fund], despite the criticism of many Republicans regarding the two previous bailout programs in 2010 and 2012.”

This anonymous tip kicks to the curb protestations voiced by Trump’s Secretary of the Treasury Steven Mnuchin in February that

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Fitch Knocks Saudi Arabia’s Credit Rating Down Another Notch

This article appeared online at TheNewAmerican.com on Wednesday, March 22, 2017:

Fitch Ratings downgraded Saudi Arabia’s credit rating again on Wednesday, bringing it perilously close to “speculative,” from “investment grade.” It dropped the country’s long-term credit rating from A+ to AA-, but with a “stable” outlook, noting that the reduction was due to the country’s “continued deterioration of public and external balance sheets.”

Fitch sees what both Moody’s and Standard and Poor’s, the other two global credit rating agencies, see: declining oil prices hurting a country that once enjoyed the highest investment grade ratings thanks to high oil prices that not only paid for extravagant welfare programs and subsidies to its citizens but allowed it to accumulate three-quarters of a trillion dollars in foreign reserves — more than ample to ride out any conceivable storm.

The rating agencies have seen that an inconceivable storm arrived in 2014 when

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Saudi Arabia Losing Influence in Global Oil Markets

This article appeared online at TheNewAmerican.com on Tuesday, March 21, 2017:

As it continues to wrestle with declining oil prices worldwide, Saudi Arabia, the de facto head of the OPEC oil cartel, is giving up ground. It said a week ago that it would not allow any “free riders” to enjoy higher oil prices if they rose due to Saudi’s singular attempt to keep them up. A week later it was reported that the kingdom cut its production by 800,000 barrels per day, 60 percent below its agreement. So much for disclaimers against those “free riders” who continue to violate the agreement by exceeding their quotas.

Now comes news that the kingdom’s exports to the United States for the week ended March 10

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Crude Oil Price Plummets, Catching OPEC by Surprise

This article appeared online at TheNewAmerican.com on Thursday, March 9, 2017:

Wednesday’s crude oil price drop caught hedge fund managers, big money investors, day traders, and OPEC by surprise, with the sell-off, the biggest one-day drop in 13 months, continuing into Thursday. The five-percent drop on Wednesday pushed crude oil down to $50 a barrel, with Thursday witnessing a further drop to $49. Early Tuesday morning crude was selling at $54 a barrel.

The sell-off started with the announcement on Tuesday by the American Petroleum Institute (API) that

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Coal Making a Comeback, Thanks to Trump

This article appeared online at TheNewAmerican.com on Friday, March 3, 2017:

English: Powell Valley, as viewed from Benges ...

Powell Valley, as viewed from Benges Gap in Wise County, Virginia.

The coal comeback in Appalachia appears to be significant, according to Fox News’ Johnny Giles, following interviews with miners in Wise County, Virginia, the very heart of Appalachian coal country. He observed, “The past month has seen a resurgence of the coal industry that once formed the backbone of the region’s economy, and locals credit President Trump’s aggressive, pro-energy agenda.”

Early in his campaign, Trump made a promise that some wrote off as campaign rhetoric. Now 40-plus days into his administration, it’s clear that he intends to keep, as far as we can tell, many of those promises. He stated:

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Pence Pledges U.S. “Continued Cooperation and Partnership” With EU

This article appeared online at TheNewAmerican.com on Monday, February 20, 2017:

Official portrait of Congressman (R-IN)

Vice President Mike Pence (shown) went out of his way on Monday to reassure European Union leaders that the United States will continue its support of the transnational union. At a press conference, with Donald Tusk, the president of the European Council, at his side, Pence said:

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Americans, Europeans Agree: Trump Is Right on Immigration

This article appeared online at TheNewAmerican.com on Monday, February 13, 2017:

English: Nigel Farage at Lord's cricket ground...

Nigel Farage

A poll by the Royal Institute of International Affairs (RIIA, also known as Chatham House), the British sister organization to our Council of Foreign Relations (CFR), taken a month before President Donald Trump issued his temporary suspension on refugees, showed widespread and increasing support among Europeans for his actions. Across all 10 of the European countries polled, 55 percent of those polled agreed that all further immigration from “mainly Muslim” countries should be stopped while only 20 percent disagreed. In no country did those disagreeing exceed 32 percent.

The results were “striking and sobering,”

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Blowing Up the Globalists’ Plans

This article was published by the McAlvany Intelligence Advisor on Monday, February 13, 2017:

Logo of United Nations Refugee Agency.Version ...

Logo of United Nations Refugee Agency.

The Royal Institute of International Affairs (RIIA) grew out of failure. Known alternatively as Chatham House, it was conceived during the Paris Peace Conference of 1919 (also called the Versailles Peace Conference). It was decided that, once the so-called “peace” terms were put in place to punish Germany and its allies after the War to end all wars, various insiders decided a one-world government was needed to keep such a catastrophe from occurring in the future. It birthed the

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Trump’s EU Ambassador: Trump Will Only Make Trade Deals With Nations, Not the EU

This article appeared online at TheNewAmerican.com on Monday, February 6, 2017:

UE-EU-2006

Ted Malloch, President Donald Trump’s proposed ambassador to the European Union, made it clear on Sunday that the administration’s goal is to destroy the European Union. During an interview on BBC on Sunday, Malloch warned that the EU is in for a rude awakening: Whether the EU powers-that-be like it or not, Trump will only deal with countries on a nation-by-nation basis. That would effectively end the supposed underlying reason for the EU.

Malloch said,

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When George Soros Dies, Who Will Run His Money, and for What Purposes?

This article was published at The McAlvany Intelligence Advisor on Friday, January 20, 2017: 

Speculation abounds. George Soros (shown) turned 86 last August, and the clock is ticking. He lost $1 billion betting against Trump in November, but still has $25 billion left. When he meets his Maker (likely for the first time), who will drive the billionaire’s Wells Fargo wagon?

Out of his five kids, two are heirs apparent:

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Trump Names ExxonMobil Chief Rex Tillerson Secretary of State

This article appeared online at TheNewAmerican.com on Tuesday, December 13, 2016:  

Rex Tillerson, chairman and chief executive of...

Rex Tillerson, chairman and chief executive officer of Exxon Mobile.

On Tuesday President-elect Donald Trump named ExxonMobil CEO Rex Tillerson (shown) to the top spot in his Cabinet, secretary of state, calling him “among the most accomplished business leaders and international deal makers in the world.”

Trump had high praise for Tillerson’s accomplishments, stating:

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OPEC Agreement to Limit Production Boosts Crude Price 11 Percent

This article appeared online at TheNewAmerican.com on Thursday, December 1, 2016:

Coat of Arms of Saudi Arabia

Coat of Arms of Saudi Arabia

The global price of crude oil jumped more than 11 percent since OPEC announced on Wednesday its first agreement to limit production by the cartel since 2008. There are many moving parts to the agreement — perhaps too many.

First, the cartel’s de facto leader, Saudi Arabia, has promised to

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Trump: TPP RIP; Put “America First”

This article appeared online at TheNewAmerican.com on Wednesday, November 23, 2016:  

On Tuesday, November 8, the election of Donald Trump foretold the death-knell of the Trans-Pacific Partnership — assuming of course he meant what he said when he made opposition to the jobs- and sovereignty-destroying TPP a signature part of his campaign. On Monday, November 21, President-elect Trump posted a short video message on Facebook (available on YouTube) citing several executive actions he would take on “day one” as president. First mentioned: “I am going to issue a notification of intent to withdraw from the Trans Pacific Partnership, a potential disaster for our country.”

In the same video, Trump also said:

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Not Missing an Opportunity, Radicals Descend on Cannon Ball, North Dakota

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 23, 2016:  

From www#everydot#com

Cannon Ball, North Dakota

The complete quote from Rahm Emanuel’s early days as soon-to-be-former President Obama’s Chief of Staff is: “You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.” Starting in 1969 with the Club of Rome’s declaration that “The common enemy of humanity is man,” green radicals have been seeking or creating opportunities to promote the concept that man is the great polluter and his capitalist efforts to use resources to improve his standard of living should be resisted.

Just such an opportunity presented itself when a private oil transportation company began constructing an oil pipeline from the Bakken shale formation in North Dakota to Illinois. It would carry light sweet crude to refineries there,

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.