11/30/11

Confederation of Iranian Students Press Release – Basiji Attack on UK Embassy

Iranian Freedom Institute And Confederation of Iranian Students
Press Release

Basiji-led Attack on the British Embassy in Tehran

As the U.S. and its European allies begin to impose effective sanctions on the Islamic Republic, the western democracies should anticipate that the regime will initiate more of these fully-authorized, staged incidents under the guise of a student movement. The so-called students, of course, are plain-clothed basiji following orders from the regime. Even Moussa Ghornani, a member of the legal committee of the Iranian Parliament, admitted unwittingly in a statement that “the students who entered the British Embassy yesterday were members of one of the official and effective organizations within the regime.” The basiji “students” published an announcement in the Raja News (the official news agency of Mahmoud Ahmadinejad) that railed against the government of Britain because “this evil government had the audacity to sanction our Central Bank.”

The western democracies should take this incident as evidence that the recently imposed sanctions on the Central Bank of Iran (CBI) have infuriated the regime. And for good reason. The CBI sanctions will disrupt the smooth flow of revenue to the regime that is essential to pay its loyalists, the basiji, and the Revolutionary Guard Corps leadership. The Iranian Freedom Institute (IFI) and the Confederation of Iranian Students (CIS) applauded the imposition of CBI sanctions noting that this is a major step in the right direction.

Contrary to the regime’s propaganda, the Iranian freedom student movement believes the regime has lost its legitimacy and has called repeatedly for its removal. The western democracies should not be misled by the regime’s subterfuge. The Iranian freedom student movement seeks a free, democratic and secular Iran. The Confederation of Iranian Students, in particular, has been at the forefront of this fight for basic human rights and freedoms that the Iranian people desperately seek. Be clear on this point. The Iranian regime, not the average Iranian citizen, is affected by the CBI sanctions and only the imposition of oil sanctions would have a decisive impact on the Islamic Republic.

IFI and CIS believe that the imposition of oil sanctions against the Islamic Republic will cut off the life blood of the regime – the revenue essential to meet the payrolls of its domestic security forces, the basiji and the Revolutionary Guard Corps leadership. The oil sanctions report prepared by the CIS presents a detailed analysis showing how a carefully developed and implemented plan, coordinated closely with the Saudi government, would cripple the Iranian regime and avoid shocking the international oil markets during the current period of international financial turmoil. In this regard, IFI and CIS strongly support French President Sarcozy’s call for international sanctions on the Iranian regime’s oil exports, and will continue their efforts to encourage the U.S. Congress to adopt bipartisan legislation toward that end.

11/30/11

China to Embrace Fracking In an Effort to Ramp up Energy Production

By: John C.K. Daly of http://oilprice.com

China is leaving no shale deposit unturned in its effort to develop indigenous energy resources.

On 24 November China’s Ministry of Land and Resources geological exploration department head Peng Qiming said during a press conference that China’s combined oil and natural gas output, 280 million tons in 2010, is projected to rise to 360 million tons of oil equivalent by 2015, a 23 percent increase in four years and will rise to 450 million tons by 2030, a 62 percent increase over 2010 production, impressive rises in production by any yardstick.

And Beijing authorities in their drive are embracing a controversial natural gas production technique that is coming under increasing government scrutiny in both the United States and Britain – hydraulic fracturing, or ‘fracking.” China has started drilling to meet an ambitious annual production target of 80 billion cubic meters by 2020 by which time the government is seeking to meet a target of generating 10 percent of its energy needs from natural gas and 15 percent from renewable sources and launched a national shale gas research center in August 2010.

In April the U.S. Energy Information Administration estimated that China has nearly 50 percent more “technically recoverable” shale gas than the United States, placing its reserves at 1.275 quadrillion cubic feet, 12 times the country’s conventional natural gas deposits, as compared with U.S. shale gas reserves of 862 trillion cubic feet.

Despite rising environmental concerns about fracking in both the U.S. and Europe, Chinese authorities up to now have shown no such hesitations. On 20 October in Shanghai China’s Ministry of Land and Resources Strategic Research Center deputy head Zhang Dawei said, “The government places high emphasis on developing shale gas and has been actively studying supporting policies,” adding that a national shale gas plan will shortly be announced and more than 10 shale natural gas blocks are to be offered to Chinese state and private companies a the second round of auctions.

Earlier this year price and supply fluctuations in China’s oil and coal imports triggered disruptive electricity blackouts, increasing the Chinese government’s interest in the country’s vast reserves of shale natural gas, which will likely prove to be a more stable and predictable energy source as the central government can more easily control the pricing for domestically produced energy supplies. An added benefit of developing the country’s shale natural gas reserves is that over time, Chinese shale natural gas will be cheaper than importing liquefied natural gas over long-distance pipelines from Central Asia as rising volumes come online.

There only remain those pesky environmentalists, not a current problem as China’s media is largely state-owned and shies away from contentious topics.

Ever eager to get a share of the Chinese market, on 17 November 2009 during a state visit to Beijing, U.S. President Barack Obama met with Chinese President Hu Jintao and agreed to share American shale gas technology and to promote U.S. investment in Chinese shale-gas development. The “U.S.-China Clean Energy Announcements” posted by the White House Office of the Press Secretary posted the same day stated, “The two Presidents announced the launch of a new U.S.-China Shale Gas Resource Initiative. Under the Initiative, the U.S. and China will use experience gained in the United States to assess China’s shale gas potential, promote environmentally-sustainable development of shale gas resources, conduct joint technical studies to accelerate development of shale gas resources in China, and promote shale gas investment in China through the U.S.-China Oil and Gas Industry Forum, study tours, and workshops.”

Well, if Zhang’s 20 October announcement is anything to go by, U.S. investment in China’s shale gas industry will not include allowing overseas companies in the upcoming sale of shale gas leases. Up to now China has auctioned off two shale natural gas blocks in southwest China to two Chinese companies, including state-owned giant China Petroleum and Chemical Corporation Ltd. (Sinopec), and plans to hold a second auction either later this year or early in 2012.

As a consolation prize for foreign energy firms, they can invest in and supply technology to Chinese domestic shale natural gas operators and developer. Despite the prohibition, Chevron Corp., BP Plc and Norway’s Statoil ASA are among international energy companies that have already begun talks to form joint ventures in China to tap shale gas assets.

What is Mandarin for “technology transfer?”

Source: http://oilprice.com/Energy/Natural-Gas/China-to-Embrace-Fracking-In-an-Effort-to-Ramp-up-Energy-Production.html

By: John C.K. Daly of http://oilprice.com

11/30/11

Fed, ECB offer aid to global financial system

Hat Tip: Nancy Jacques

Read more at CNNMoney…

NEW YORK (CNNMoney) — The Federal Reserve, acting with five other central banks, took further steps Wednesday to make it cheaper for banks around the world to trade in U.S. dollars.

The Fed — along with central banks of the eurozone, England, Japan, Switzerland and Canada — announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.

The effort is meant to “ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity,” the Federal Reserve said in a press release.

Meanwhile, the People’s Bank of China also announced a plan to increase liquidity Wednesday by lowering its reserve requirement ratio for financial institutions by half a percentage point.

NIA:

“The Federal Reserve along with the European Central Bank, Bank of Canada, Bank of Japan, Bank of England, and the Swiss National Bank are all lowering their U.S. dollar swap rates by 50 basis points! This is going to create massive worldwide monetary inflation and flood the world with U.S. dollars!

The Fed claims that these coordinated actions will enhance their capacity to provide liquidity support to the global financial system in order to “ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.”

It was also announced this morning that arrangements have been made to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant. Although the Fed said, “there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar” at this time, the stage is now set to create massive worldwide monetary inflation in other fiat currencies as well. The whole entire global fiat currency system could soon come to an end. The only solution to the upcoming hyperinflationary crisis will be a global digital gold backed currency.

NIA believes China will soon announce that they have dramatically increased their gold holdings to backup their rapidly growing foreign currency reserves, which have now reached $3.2 trillion. China’s central bank just announced this morning that they are lowering their reserve requirement ratio by 50 basis points to 21% from 21.5%!”

11/30/11

US Senate – Terror Detainee Policy

Hat Tip: BB

And from Graham, a Progressive twit on the Right:

Bill Facing Senate Vote One of the Most Dangerous in History!

The Udall Amendment Defeated: U.S. Senate Roll Call Votes 112th Congress – 1st Session

The Paul Amendment Defeated: U.S. Senate Roll Call Votes 112th Congress – 1st Session

Those were the two amendments that would have neutralized this horrific bill. We are so screwed. This bill passed the House in May of 2011.

Silent Running – The Targeting of Americans

“Battlefield” USA: Senate bill turns military on U.S. citizens

Senate defies threat of veto in terrorist custody vote

Sens. Paul, McCain clash over terrorist detainee amendment

11/30/11

BUSTED: AYERS ADMITS TO OBAMA FUNDRAISER THAT OBAMA CAMPAIGN CALLED ‘MYTH’

Breitbart.tv:

In 2008 the Barack Obama for President campaign went into full denial mode accusing the McCain/Palin campaign of lying about a fundraiser held in domestic terrorist Bill Ayers’s home for Barack Obama’s Illinois State Senate campaign.

Watch this clip from October 15, 2008 where spokesman Robert Gibbs flat-out denies the fundraiser story to an inquiring Chris Matthews. Then watch Bill Ayers, in his own words, admit to the event himself.

Either Mr. Gibbs lied to Mr. Matthews, or Mr. Obama lied to Mr. Gibbs.

More at Big Journalism