Barack Obama Proves Once Again That He’s A Complete Imbecile

Obama: ‘…As We Push Our Economy And The World To Ultimately Transition Off Fossil Fuels’ – CNS

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President Barack Obama said in his weekly address today that four villages in Alaska are in “imminent danger” because of climate change and that safety will be his administration’s top consideration in permitting offshore oil and gas drilling “as we push our economy and the world to ultimately transition off of fossil fuels.”

‘America will lead the world to meet the threat of climate change before it’s too late’

Here are key excerpts from the president’s address:

Alaska’s glaciers are melting faster too, threatening tourism and adding to rising seas. And if we do nothing, Alaskan temperatures are projected to rise between six and twelve degrees by the end of the century, changing all sorts of industries forever.

This is all real. This is happening to our fellow Americans right now. In fact, Alaska’s governor recently told me that four villages are in “imminent danger” and have to be relocated. Already, rising sea levels are beginning to swallow one island community.

Think about that. If another country threatened to wipe out an American town, we’d do everything in our power to protect ourselves. Climate change poses the same threat, right now…

Since the United States and China worked together to set ambitious climate targets last year, leading by example, many of the world’s biggest emitters have come forward with new climate plans of their own. And that’s a good sign as we approach this December’s global climate negotiations in Paris.

Now, one of the ways America is leading is by transitioning away from dirty energy sources that threaten our health and our environment, and by going all-in on clean, renewable energy sources like wind and solar…

The bottom line is, safety has been and will continue to be my administration’s top priority when it comes to oil and gas exploration off America’s precious coasts – even as we push our economy and the world to ultimately transition off of fossil fuels.

So I’m looking forward to talking with Alaskans about how we can work together to make America the global leader on climate change around the globe… Because what’s happening in Alaska is happening to us. It’s our wakeup call. And as long as I’m President, America will lead the world to meet the threat of climate change before it’s too late.

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New Obama Regulations Will Close Hundreds Of Coal Plants, Block New Ones, Increase Electricity Costs 80%

EPA Regs Will Close Hundreds Of Coal Plants, Block New Ones, Increase Costs 80% – Independent Sentinel

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Obama is to fossil fuels what locusts are to crops.

The administration is coming up with Draconian regulations on coal plants Monday and they are worse than originally planned.

A government official promised on Tuesday that regulations will cost taxpayers as much as 80% more for electricity but the New York Times said the “administration argues that the rules will save the average American family $85 annually in electricity costs and bring additional health benefits.” You read that correctly.

This is the government engineered unFree Market at work. Read on.

We were promised a savings of $2500 a year in our health insurance premiums but they are skyrocketing. This energy debacle appears to be going down the same road. All of this is to control us. Coal is not bad enough to warrant this overreaction but the president wants his ideology in place.

On Tuesday, Julio Friedmann, deputy assistant secretary for clean coal at the Department of Energy, told members of the House Energy and Commerce Committee’s oversight board that regulations for new coal plants would increase electricity prices by as much as 80%, as reported by the Washington Examiner.

“The precise number will vary, but for first generation we project $70 to $90 per ton [on the wholesale price of electricity],” Friedmann said. “For second generation, it will be more like a $40 to $50 per ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade that we will have lessons learned and cost savings.”

In other words, prices are anticipated to go up, then come down as the technology develops but they will never be inexpensive as they were.

The problem is mainly that the CCS technology they are forcing on the coal plants is not ready for prime time and the people will have to shoulder the costs of the premature regulations and the immature technology. The lowered future costs are reliant on their betting on the technology they admit is not ready for use.

Friedman said coal plants would not install the CCS technology without the mandate and the government will subsidize them. That’s another cost to taxpayers so the government can force the technology through quickly.

If the technology is not ready for use, how can it be mandated and how do we know it will work?

Laura Sheehan, senior vice president of communications for the American Coalition for Clean Coal Electricity accused the Obama administration of trying to drive up energy costs and put Americans out of work.

“Today’s hearing shed further light on how grossly underdeveloped CCS remains and revealed the staggering cost increases American consumers and manufacturers will face if future power plants are forced to operate under EPA’s inane regulations,” Sheehan said. “DOE and EPA are wasting valuable taxpayer dollars by pursuing policies that will do nothing to build economic confidence and create jobs but everything to drive up energy costs and put hardworking Americans out of work.”

The government and their environmental group partners refused to listen to requests for more realistic cost ranges.

The New York Times reported that on Monday, EPA head Gina McCarthy will announce the toughest Obama regulations to date, regulations which will possibly shut down hundreds of coal-fired plants and freeze construction of new coal plants. This is part of the administration’s fundamental transformation of the energy sector which he has basically seized via the EPA.

He is fighting global warming which he sees as an existential threat though many believe his nationalization of every U.S. sector is more of an existential threat.

The NY Times reports, “the most aggressive of the regulations requires the nation’s existing power plants to cut emissions 32 percent from 2005 levels by 2030, an increase from the 30 percent target proposed in the draft regulation.”

They added, “That new rule also demands that power plants use more renewable sources of energy like wind and solar power. While the proposed rule would have allowed states to lower emissions by transitioning from plants fired by coal to plants fired by natural gas, which produces about half the carbon pollution of coal, the final rule is intended to push electric utilities to invest more quickly in renewable sources, raising to 28 percent from 22 percent the share of generating capacity that would come from such sources.”

The administration could not get a cap and trade bill passed so the president took out his pen and phone and is putting through a cap and trade bill that will probably negatively impact the lives of the middle class Americans he purports to help. If the president wins in court, it will force every state to implement his cap and trade.

Senate Majority Leader Mitch McConnell comes from a coal state and has told governors to refuse to follow the mandates.

The NY Times added that “experts”, who were left unnamed in the article, say that emissions could level off enough to prevent the worst effects of climate change. They are referring to the global warming that is in its 21st year of not warming.

Taxpayers can take small solace in the fact that this is for Mr. Obama’s legacy and he’s ramping up in time for his term’s end.

The administration says this will save the average taxpayer $85 a year but they might be using Common Core math because that’s not what Mr. Friedman said on Tuesday.

Leftist think tanks like ThinkProgress predict lower energy bills but that is not what Barack Obama promised in January 2008.

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How do we know that Obamas’ climate scheme will cause great price spikes in energy costs?

First here is the story

President Barack Obama will Monday unveil what he called the “biggest, most important step we’ve ever taken” to fight climate change, a sensitive issue central to his legacy.

The White House will release the final version of America’s Clean Power Plan, a set of environmental rules and regulations that will home in on the pollution from the nation’s power plants, setting limits on power-plant carbon emissions.

Laying out how climate change was a threat to the health, well being and security of millions of Americans, and adding that time was of the essence, Obama said in a video released early Sunday: “Climate change is not a problem for another generation. Not anymore.”

So, how are we absolutely certain this will lead to job losses, and higher energy costs? Here you go

Obama argued that the plans will lead to lower energy bills for everyday Americans and create jobs in the renewable energy sector

There you are folks, it is just like “If you like your doctor…………”

Calbuco Volcano Erupts In Chile (Pictures / Video)

Hundreds Evacuated As Chilean Volcano Erupts For First Time In 40 Years And Sends Huge Plume Of Ash Into The Sky – Daily Mail

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A volcano in Chile that has laid dormant for more than 40 years has suddenly erupted, causing a thick plume of ash to cloud the sky while thousands of people living in its shadow were forced to flee.

Volcano Calbuco, in the country’s south, is believed to be among the three most dangerous of Chile’s 90 active volcanoes, but was not under any special observation before it suddenly sprung into life at around 6pm local time.

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An estimated 1,500 people were forced to flee the nearby town of Ensenada after the eruption, while several smaller townships were also cleared.

The volcano is located near the tourist town of Puerto Varas and the city of Puerto Montt, a little more than 620 miles south of Chile’s capital, Santiago.

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The National Mining and Geology Service issued a high alert, setting up an exclusion zone of 12.5miles around the volcano, barring access to the area.

Trevor Moffat, who lives in Ensenada, some six miles from the volcano, said the eruption happened without warning. Volcano Calbuco’s last major eruption happened in 1961, with a weak eruption following in 1972.

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Derek Way, a resident of Puerto Varas,, said: ‘There are a lot of people out in the streets, many heading to the gas stations to fill up on gas. A friend told me to fill everything we have with water.’

Chile, on the Pacific ‘Rim of Fire’, has the second largest chain of volcanoes in the world after Indonesia, including around 500 that are potentially active.

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In March, volcano Villarrica, also in southern Chile, erupted in spectacular fashion, sending a plume of ash and lava high into the sky, but quickly subsided.

Volcanoes occur at the edges of tectonic plates which make up the earth’s crust, either where these plates are moving toward or away from one another. Eruptions occur when magma from the Earth’s core forces its way to the surface, exploding through weak points in the crust.

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Wind Turbines Killing Many More Birds Than BP Oil Spill Did

Wind Turbines Kill More Birds Than BP Oil Spill – Daily Caller

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It’s been five years since BP’s Deepwater Horizon oil rig exploded and released 5 million barrels of crude oil into the Gulf of Mexico.

Environmentalists are highlighting the disaster by pointing to the 800,000 birds that have died because of the spill in the five years since the disaster, but activists have been eerily silent about the fact that way more birds have been killed by wind turbines – a supposedly “eco-friendly” energy source.

The liberal blog Mother Jones reports that 800,000 birds have been killed and the Pelican population in the Gulf has decreased 12 percent. While the 2010 Gulf spill was indeed a horrible disaster, the number of birds that died pales in comparison the number killed in the last five years due to wind turbines.

A 2013 study found that 573,000 birds and 888,000 bats are killed every year by wind turbines – a figure 30 percent higher than the federal government estimated in 2009. These deaths have likely increased as wind power capacity increases across the country.

“I estimated 888,000 bat and 573,000 bird fatalities/year (including 83,000 raptor fatalities) at 51,630 megawatt (MW) of installed wind-energy capacity in the United States in 2012,” writes K. Shawn Smallwood, author of the study that was published in the Wildlife Society Bulletin.

Since then, U.S. companies have only installed more wind power thanks to a now-expired tax credit for wind energy. The American Wind Energy Association said there was nearly 66 gigawatts of installed wind capacity in the U.S. as of 2014 – 17 times higher than wind capacity in 2001.

“As wind energy continues to expand, there is urgent need to improve fatality monitoring methods, especially in the implementation of detection trials, which should be more realistically incorporated into routine monitoring,” Smallwood reported in 2013.

In the time since the 2010 BP oil spill, some 2.9 million birds have been killed by wind turbines, using Smallwood’s figures, compared to only 800,000 that have been killed by the oil spill – the oil spill deaths are based on figures compiled by the news site Climate Desk. It should also be noted that wind turbines routinely kill federally protected birds and eagles.

It’s not exactly clear if 800,000 bird deaths can be attributed directly to the BP spill. In the six months after the spill,the U.S. Fish and Wildlife Service collected “more than 7,000 birds… in the spill area, of which nearly 3,000 (about 40%) showed visible signs of oiling.”

How many of these birds died? The last FWS report, from May 12, 2011, shows that more than 7,500 birds that were recovered were dead or died shortly after being found – this figure includes birds that had no visible signs of oil on them.

Either way, far more birds have been killed by wind turbines than by the BP oil spill.

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*VIDEO* AlfonZo Rachel: Cher’s Crazy California Drought Tweet


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Boeing Patents Plasma Force Field Technology

Boeing Patents ‘Star Wars’-Style Force Fields – C/Net

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A new patent granted to aircraft, defense and security company Boeing is taking its cues from science fiction. Just like the glowing energy shields seen protecting troops, machines and even spacecraft in Star Wars and Star Trek, the design – named “Method and system for shockwave attenuation via electromagnetic arc” – uses energy to deflect potential damage.

As it is described, the system is not designed to prevent direct impact from shells or shrapnel; rather, it is designed to protect a target – such as a vehicle or building – from the damaging effects of shockwaves from a nearby impact.

The patent is for a shockwave attenuation system, which consists of a sensor capable of detecting a shockwave-generating explosion and an arc generator that receives the signal from the sensor to ionise a small region, producing a plasma field between the target and the explosion using lasers, electricity and microwaves.

This small plasma field would differ from the surrounding environment in temperature, density and/or composition. This would provide a buffer between the target and the explosion that would hinder the shockwaves from reaching and damaging the target.

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“Such embodiments as described above may reduce the energy density of the shockwave by creating a second medium in the path of the advancing shockwave that reflects, refracts, absorbs and deflects at least a portion of the shockwave,” the patent reads.

Because this system heats and ionises the air, it is eminently unsuitable for enveloping a target and being held in place for any length of time. That kind of force field is technically feasible – physics students last year determined that an electromagnetic field could by used to hold a plasma shield in place – but it would likely also deflect light, leaving anyone inside blind as a bat.

You can read the full specs included in Boeing’s patent on the USPTO website.

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Big Surprise! Senate Democrats Block Swift Passage Of Keystone XL Pipeline Bill

Senate Blocks Swift Passage Of Keystone XL Pipeline Bill – Yahoo News

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Democrats in the U.S. Senate blocked the Keystone XL pipeline bill from moving forward on Monday, but supporters of the project vowed to push ahead and eventually get a vote on the measure.

The Senate failed to get the 60 votes needed to limit debate, voting 53 to 39 on the measure.

The Keystone bill allows Congress to approve TransCanada Corp’s project to link Canada’s oil sands to refineries on the Gulf Coast.

Democrats, who lost control of the Senate as a result of November’s elections, flexed their muscles to deliver a message to Majority Leader Mitch McConnell that he will have to deal with them even on bills that enjoy some bipartisan support.

McConnell has pledged that amendments to bills will be debated in an open process. But Democrats said McConnell cut off debate last Thursday on several amendments.

“He’s got to work with us and not try to jam us,” Senator Chuck Schumer said of McConnell. Democrats are not trying to delay the bill, but they don’t want McConnell to shut down the open process at his whim, said Schumer, the Senate’s third ranking Democrat.

Republicans have made passing the Keystone bill the first priority of the new Senate.

But the White House has said President Barack Obama would reject the bill, and Keystone supporters are four votes short of the 67 needed to overcome any veto.

Senator Lisa Murkowski, the chairman of the energy committee, vowed to work with Democrats on her panel to consider additional amendments.

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A Dozen Facts Debunking Global Warming Obama Can’t Answer (Despite The Phony China Deal) – By Yid With Lid

A Dozen Facts Debunking Global Warming Obama Can’t Answer (Despite The Phony China Deal) – Yid With Lid

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The news was announced early Wednesday November 12, a pseudo climate agreement between the U.S. and China.

Under the deal, the United States would cut its carbon emissions between 26-28% – from levels established in 2005 – by 2025. China would peak its carbon emissions no later than 2030 and would also increase the use of non-fossil fuels to 20% by 2030.

“As the world’s two largest economies, energy consumers and emitters of greenhouse gases, we have a special responsibility to lead the global effort against climate change,” Obama said Wednesday.

Notice in the deal China doesn’t have to start cutting back till 2030 and no cut is outlined just a 20% increase. How could they not agree to that. Their biggest economic competitor has to cut back 25-28% by 2025 and they don’t have to even start cutting for another five years. This isn’t a deal it’s a scam the President can use to sell his executive fiats about climate change. According to Poltico, the President is about to embark on two years of climate-related executive orders, guaranteed to trash the economy.

Does the President really understand what is going on with the climate or is he just promoting the hypothesis because it will result in a worldwide redistribution of income between rich and poor nations? Either way this President is denying the climate facts.

For those of you who want to think for themselves rather than simply listen to the scary speeches of the global warming proponents, I have created a list of a dozen facts about global warming, that those those folks making the scary speeches cannot respond.

Everything below is a fact and I invite the POTUS and /or his climate friends to respond. But they wont. Instead they will call me names like denier or member of the Flat Earth Society (actually there really is a Flat Earth Society and its president believes in the global warming hypothesis so who is the real “flat-earther?)

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1) Through Halloween of 2014- The Global Warming Pause has lasted 18 years and one month. Heartland Institute analyst, Peter Ferrara, notes “If you look at the record of global temperature data, you will find that the late 20th Century period of global warming actually lasted about 20 years, from the late 1970s to the late 1990s. Before that, the globe was dominated by about 30 years of global cooling, giving rise in the 1970s to media discussions of the return of the Little Ice Age (circa 1450 to 1850), or worse.” So there was thirty years of cooling followed by 20 years of warming and almost 18 years of cooling… and that’s what the global warming scare is all about.

2) Antarctic Sea Ice is at record levels and the Arctic ice cap has seen record growth. Global sea ice area has been averaging above normal for the past two years. But to get around those facts, the global warming enthusiasts are claiming that global warming causes global cooling (really).

3) Carbon Dioxide (CO2) is not a pollutant it’s what you exhale and it is what “feeds” plants. Without CO2 there would not be a single blade of grass or a redwood tree, nor would there be the animal life that depends on vegetation; wheat and rice, for example, as food. Without CO2 mankind would get pretty hungry. Even worse the global warming proponants keep talking about population control because they don’t want more people around to exhale, and let’s not talk about what they say about stopping methane (no spicy foods, no cows, no fart jokes).

4) There is not ONE climate computer model that has accurately connected CO2 to climate change. In fact CO2 is at its highest levels in 13,000 years and the earth hasn’t warmed in almost 18 years. Approximately 12,750 years ago before big cars and coal plants CO2 levels were higher than today. And during some past ice ages levels were up to 20x today’s levels.

5) Even with the relatively high levels there is very little CO2 in the atmosphere. At 78% nitrogen is the most abundant gas in the Earth’s atmosphere. Oxygen is the second most abundant gas-of-life in the atmosphere at 21%. Water vapor is the third most abundant gas-of-life in the atmosphere; it varies up to 5%. Exhale freely because carbon dioxide is the least abundant gas in the atmosphere at 0.04%.

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6) The climate models pushed by the global warming enthusiasts haven’t been right. Think about that one for a second. If you believe what people like Al Gore the polar ice caps should have melted by now (actually by last year), most coastal cities should be underwater and it should be a lot warmer by now. As my Mom always said, Man plans and God laughs. The Earth’s climate is a very complicated system and the scientists haven’t been able to account for all the components to create an accurate model.

7) You are more likely to see the tooth fairy or a unicorn than a 97% consensus of scientists believing that there is man-made global warming. The number is a convenient fraud. Investigative journalists at Popular Technology reported the 97% Study falsely classifies scientists’ papers, according to the scientists that published them. A more extensive examination of the Cook study reported that out of the nearly 12,000 scientific papers Cook’s team evaluated, only 65 endorsed Cook’s alarmist position. That is less than 0.97%. How did they come up with 97%? Well out of all the scientists who had a definite opinion, 97% agreed there was global warming and it was the fault of mankind. And how did the Cook folks determine which scientists believed what? They didn’t ask, they read papers written by these scientists and came up with their own opinion.

8) I changed my mind… this past February, Patrick Moore, a Canadian ecologist, and the co-founder of Greenpeace, the militant environmental group told members of the Senate Environment and Public Works Committee “There is no scientific proof that human emissions of carbon dioxide are the dominant cause of the minor warming of the Earth’s atmosphere over the past 100 years.” There are more like Moore.

9) Back to Ice Age – predictions. When I took Earth Science in college 38 years ago, the professor explained that the scientific consensus was we are heading toward an ice age. That was just before text books were changed to discuss global warming. That was followed by calling it climate change. Now many scientists claim there is new evidence that the Earth may be heading toward an ice age (please stop crying Mr. Gore).

10) Droughts have not increased. It is misleading and just plain incorrect to claim that disasters associated with hurricanes, tornadoes, floods or droughts have increased on climate timescales either in the United States or globally,” Professor Roger Pielke Jr. said in his testimony before the Senate Environment and Public Works Committee.

In May of 2014 Professor Pielke published a graph that shows the intensity of the planet’s droughts from 1982 to 2012. The graph shows that neither droughts nor their intensity have seen a growth trend during that 30-year period.

11) Polar Bears are alive and well and not dying out. In the Fall 2014 issue of RANGE Magazine Dr. Susan Crockford wrote, “In a recent TV ad campaign, the Center for Biological Diversity said, “global warming is pushing polar bears to the absolute brink.” Results of recent research show this to be a lie – fat, healthy bears like this one from near Barrow, Alaska, are still common and many of the assumptions used by computer models to predict future disasters have turned out to be wrong.” In case you were wondering, walruses are doing fine also.

12) No Increase In Hurricanes: A study published in the July 2012 Journal of the American Meteorological Society concluded unequivocally there is no trend of stronger or more frequent storms, asserting:

We have identified considerable inter-annual variability in the frequency of global hurricane landfalls, but within the resolution of the available data, our evidence does not support the presence of significant long-period global or individual basin linear trends for minor, major, or total hurricanes within the period(s) covered by the available quality data.

Actually to be honest global warming is man-made. While the Earth isn’t warming an the theory and the scare about global warming is entirely man-made.

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Your Daley Gator Daley Quote For 09/25/14

“Albert Einstein’s ‘special theory of relativity’, while brilliantly conceived, does not meet the celebrated physicist’s own scientific falsifiability standard. Therefore, by Einsteinian reckoning alone, E = mc2 is a dubious mathematical formula.” – Edward L. Daley

Still, ya gotta love the guy.

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The ‘DALEY GATOR VIDEOS’ Website Is Now Online!


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CLICK ME!

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Obama DOD Spends $150 A Gallon For Algal Jet Fuel Rather Than $2.88 A Gallon For Conventional Fuel

Obama Defense Dept. Spends $150 A Gallon For Algal Jet Fuel Rather Than $2.88 A Gallon For Conventional Fuel – Gateway Pundit

It’s an Obama world.

The US military is spending as much as $150 per gallon of jet fuel from algal sources rather than $2.88 a gallon for conventional jet fuel.

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The Washington Times reported:

Last month, a Government Accountability Office report found that the military was spending as much as $150 a gallon on alternative jet fuel derived from algal oil rather than $2.88 a gallon for conventional jet fuel.

“Why should the Defense Department be paying for solar panels? Why should defense be paying for biorefineries? Those are not defense items. We have a Department of Energy that’s supposed to be doing that stuff. The disarming of America is not just what he’s been doing in cuts or delays like the F-35s, but less obvious is what he’s puts in [the defense budget] that we’re spending money on that should be spent on defense as opposed to his agenda.

“Now, [the president’s] true to his agenda, and you may agree with it and that’s fine. I don’t,” Mr. Inhofe said.

Meanwhile, veterans are dying before they can get help from the VA.

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Tens Of Thousands Of High-Paying Jobs Lost As Canada Pulls Plug On Keystone Pipeline

Report: Canada Pulls Plug On Keystone Pipeline; Will Send Oil To Asia – Gateway Pundit

The Keystone Pipeline project was expected to create tens of thousands of high paying jobs in the oil industry. The project itself would create 20,000 construction jobs. And the pipeline would bring oil from Canada and North Dakota to refineries in the United States.

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The proposed project would have extended from Alberta, Canada to Illinois, transporting approximately 400,000 barrels of crude oil per day. Estimated cost is $1.7 billion.

But Obama rejected the plan in 2011 and 2014.

Democrats are beholden to the radical green movement – the poor and middle class be damned.

Now this…

Canada pulled the plug on Keystone and will send the oil to Asia.

Watts Up With That reported:

Obama’s inability to make a decision on Keystone has finally yielded a result – Canada has made the decision for him.

Breitbart reports Canada has just approved the Enbridge Northern Gateway Project – a major pipeline to ship Canadian oil to Asia.

The Canadian oil will still be burnt – in Asia, instead of America.

All the jobs and energy security which Canadian oil could have delivered to America, will instead be delivered to Asia.

Rather than purchasing crude from a friendly and allied neighbor, the United States will most likely need to continue its reliance upon hostile sources like Venezuela.

Only a Democrat could make such a dangerous and irresponsible decision for the country.

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Russia Dumping The Dollar

Russia Is Actually Abandoning The Dollar – Daily Sheeple

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The Russians are actually making a move against the petrodollar. It appears that they are quite serious about their de-dollarization strategy. The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros. And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom. There hasn’t been a word about this from the big mainstream news networks in the United States, but this is huge. When you are talking about Gazprom, you are talking about a company that is absolutely massive. It is one of the largest companies in the entire world and it makes up 8 percent of Russian GDP all by itself. It holds 18 percent of the natural gas reserves of the entire planet, and it is also a very large oil producer. So for Gazprom to make a move like this is extremely significant.

When Barack Obama decided to slap some meaningless economic sanctions on Russia a while back, he probably figured that the world would forget about them after a few news cycles.

But the Russians do not forget, and they certainly do not forgive.

At this point the Russians are turning their back on the United States, and that includes the U.S. dollar.

What you are about to read is absolutely stunning, and yet you have not heard about it from any major U.S. news source. But what Gazprom is now doing has the potential to really shake up the global financial landscape. The following is an excerpt from a news report by the ITAR-TASS news agency

Gazprom Neft had signed additional agreements with consumers on a possible switch from dollars to euros for payments under contracts, the oil company’s head Alexander Dyukov told a press conference.

“Additional agreements of Gazprom Neft on the possibility to switch contracts from dollars to euros are signed. With Belarus, payments in roubles are agreed on,” he said.

Dyukov said nine of ten consumers had agreed to switch to euros.

And Gazprom is not the only big company in Russia that is moving away from the U.S. dollar.

According to RT, other large Russian corporations are moving to other currencies as well…

Russia will start settling more contracts in Asian currencies, especially the yuan, in order to lessen its dependence on the dollar market, and because of Western-led sanctions that could freeze funds at any moment.

“Over the last few weeks there has been a significant interest in the market from large Russian corporations to start using various products in renminbi and other Asian currencies, and to set up accounts in Asian locations,” Pavel Teplukhin, head of Deutsche Bank in Russia, told the Financial Times, which was published in an article on Sunday.

Diversifying trade accounts from dollars to the Chinese yuan and other Asian currencies such as the Hong Kong dollar and Singapore dollar has been a part of Russia’s pivot towards Asian as tension with Europe and the US remain strained over Russia’s action in Ukraine.

And according to Zero Hedge, “expanding the use of non-dollar currencies” is one of the main things that major Russian banks are working on right now…

Andrei Kostin, chief executive of state bank VTB, said that expanding the use of non-dollar currencies was one of the bank’s “main tasks”. “Given the extent of our bilateral trade with China, developing the use of settlements in roubles and yuan [renminbi] is a priority on the agenda, and so we are working on it now,” he told Russia’s President Vladimir Putin during a briefing. “Since May, we have been carrying out this work.”

“There is nothing wrong with Russia trying to reduce its dependency on the dollar, actually it is an entirely reasonable thing to do,” said the Russia head of another large European bank. He added that Russia’s large exposure to the dollar subjects it to more market volatility in times of crisis. “There is no reason why you have to settle trade you do with Japan in dollars,” he said.

The entire country is undergoing a major financial conversion.

This is just staggering.

Meanwhile, Russians have been pulling money out of U.S. banks at an unprecedented pace

So in March, without waiting for the sanction spiral to kick in, Russians yanked their moolah out of US banks. Deposits by Russians in US banks suddenly plunged from $21.6 billion to $8.4 billion. They yanked out 61% of their deposits in just one month! They’d learned their lesson in Cyprus the hard way: get your money out while you still can before it gets confiscated.

For those that don’t think that all of this could hurt the U.S. economy or the U.S. financial system, you really need to go back and read my previous article entitled “De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar“. The truth is that the U.S. economic system is extremely dependent on the financial behavior of the rest of the globe.

Because nearly everyone else around the rest of the planet uses our currency to trade with one another, that keeps the value of the U.S. dollar artificially high and it keeps our borrowing costs artificially low.

As Russia abandons the U.S. dollar that will hurt, but if other nations start following suit that could eventually cause a financial avalanche.

What we are witnessing right now is just a turning point.

The effects won’t be felt right away. So don’t expect this to cause financial disaster next week or next month.

But this is definitely another element in the “perfect storm” that is starting to brew for the U.S. economy.

Yes, we have been living in a temporary bubble of false stability for a few years. However, the long-term outlook has not gotten any better. In fact, the long-term trends that are destroying our economic and financial foundations just continue to get even worse.

So enjoy the “good times” while you still can.

They certainly will not last too much longer.

Click HERE For Rest Of Story

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As Promised, Obama To Impose New EPA Regulations That Will Cause Energy Prices To Skyrocket (Video)

Obama Declares War On Poor & Middle Class; New Rules Will Force Energy Prices To Skyrocket – Gateway Pundit

We were warned…

In January 2008 Barack Obama told the San Francisco Chronicle:

“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”

He promised that his plan would cause electricity rates to skyrocket.

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He wasn’t kidding.

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On Monday the Obama administration unveiled the first-ever national limits on carbon emissions from existing power plants.

FOX News reported:

The Obama administration on Monday unveiled the first-ever national limits on carbon emissions from existing power plants, a controversial regulation aimed at fulfilling a key plank of President Obama’s climate change agenda.

The Environmental Protection Agency wants existing plants to cut pollution by 30 percent by 2030, under the plan.

The draft regulation sidesteps Congress, where Obama’s Democratic allies have failed to pass a so-called “cap-and-trade” plan to limit such emissions. The EPA plan will go into effect in June 2016, following a one-year comment period. States will then be responsible for executing the rule with some flexibility.

They are expected to be allowed to require power plants to make changes such as switching from coal to natural gas or enact other programs to reduce demand for electricity and produce more energy from renewable sources.

They also can set up pollution-trading markets as some states already have done to offer more flexibility in how plants cut emissions.

If a state refuses to create a plan, the EPA can make its own.

Obama’s energy policies will disproportionately harm the poor, middle class and minorities.

Real Clear Energy reported:

A study by Eugene M. Trisko for American Coalition for Clean Coal Electricity reviewed the disproportionate impact of higher energy costs on differing income groups from 2001 to 2011.

The study found that the amount of money spent on energy for half of American households that make less than $50,000 almost doubled rising from 12 percent in 2001 to 20 percent in 2011.

Minorities with lower average incomes than white households are disproportionately harmed by rising energy prices.

For example, in 2009, 67 percent of black households and 62 percent of Hispanic households had average incomes below $50,000 in contrast with only 46 percent of white households.[4]

Since minority households have lower incomes than white households, rising energy prices will take a larger share of their family’s disposable income leaving fewer dollars for housing, medicine and clothes.

Obama’s refusal to approve the Keystone XL pipeline, new greenhouse gas regulations from the EPA and discussions of a carbon tax provides more evidence that Obama’s anti-fossil fuel agenda will force energy prices higher.

Click HERE For Rest Of Story

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Well, Obama does not break ALL his promises

Sure, he lied about transparency, not allowing lobbyists to have access to the White House, and then there is that whopper about keeping your doctors and insurance. Oh and about Benghazi too. But, about bankrupting coal with regulations? That he was honest about

Yep, he said it. His goal is to bankrupt any business that relies on coal.

“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”

So fast forward to the present day and he is still at it.

On Monday, Obama plans to announce his decision to use his executive power to cut carbon emissions by up to 20 percent, a move that would be “the strongest action ever taken by an American president to tackle climate change,” The New York Times reports.

The initiative would allow states to use cap-and-trade systems, which let companies emitting pollutants buy and sell greenhouse gas emission allowances. A cap is set on the total number of permits to dispense carbon emissions. Companies that emit larger amounts of greenhouse gases can buy additional permits from companies that don’t need to emit as many.

Hope and Change? Looks more like Marx and Lennin. This cap and trade nonsense failed to make it through Congress, but Obama needs no stinkin’ Congressional approval. He has that magic executive order pen ya know.

Prince Charles plays Chicken Little

I find it odd that the members of the Gore Church Cult of Climate Change claim we must end Capitalism to save ourselves from certain destruction. Yet, if they opened their eyes and looked at countries that ARE destitute, and that often have miserable records on human rights, and on conservation and pollution they would see that those nations do not have capitalistic systems. They would see that capitalist nations tend to be free nations with far higher standards of living. 

Someone should clue Prince Charles in

Via Telegraph:

Prince Charles has called for an end to capitalism as we know it in order to save the planet from global warming.

In a speech to business leaders in London, the Prince said that a “fundamental transformation of global capitalism” was necessary in order to halt “dangerously accelerating climate change” that would “bring us to our own destruction”.

He called for companies to focus on “approaches that achieve lasting and meaningful returns” by protecting the environment, improving their employment practices and helping the vulnerable to develop a new “inclusive capitalism”.

In a politically-charged speech at the Inclusive Capitalism conference, the Prince said: “I remember when the Iron Curtain came down there was a certain amount of shouting about the triumph of capitalism over communism. Being somewhat contrary, I didn’t think it was quite as simple as that. I felt that unless the business world considered the social, community and environmental dimensions, we might end up coming full circle.”

Inclusive Capitalism? What will these Leftist buffoons think up next?