I believe it was less than a year ago when the Arctic defeated the best technology in the world at drilling a hole for oil. There are no rules there. Earth has two ice poles and they are supposed to be the thermostats of the planet. There is no taming either of the poles. Earth is a planet and it has it's own geophysical rules.
The reason Trump is digging up the old ideas of the petroleum industry is that they want to own the petroleum assets of Greenland. That is the primary reason there is any interest at all. I don't consider such activity in the Oval Office humorous.
Greenland and Denmark need to protect their country's assets. Someday, a century or two from now they might actually need it. At least there will still one country where oil is still in the ground when people actually need it.
December 19, 2012
By Andreas Østhagen
The prospect of offshore oil and gas activity (click here) in the waters around Greenland constitutes a highly contentious issue in the larger debate on Arctic petroleum development. Given Greenland’s special status as a part of the Danish Realm, with a high degree of self-governance and a majority Inuit population, oil and gas drilling there has engaged actors with a wide range of interests.
Arctic oil and gas development is often generalized into a two-sided conflict between those who emphasize the protection of the environment and those who seek potential profits, with the interests of local communities variably used in favor of one or the other depending on the area of the region under question. Some of the dimensions that seem to determine much of the actual development are often lost in this dichotomy, to the dismay of those in favor of an informed debate.
Taking into account that Greenland is just one of the many parts of the Arctic that is experiencing this development, with its own unique characteristics, this article sets out to shed light on the importance of internal political and commercial factors when discussing petroleum development around the island....
Monday, August 19, 2019
So, let me get this right;...
Munchkin lead Sears into bankruptcy before he was US Treasurer. Not only did he lead Sears into bankruptcy, but there is also $2 billion in the companies assets that were transferred into accounts that prevented third parties from being paid? Is that right? Isn't that illegal?
August 12,, 2019
By Josh Saul
Treasury Secretary (click here) Steve Mnuchin speaks during a ceremony to swear in Joseph M. Otting as Comptroller of the Currency.
Almost four months ago, (click here) the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin over allegedly wrongful transfers of $2 billion in company assets. Now lawyers representing the two men have asked the federal judge overseeing the retailer’s Chapter 11 case to lift the bankruptcy stay so Sears insurance policies can pay their legal fees, according to a new court filing.
Before Sears went bankrupt in October, the company carried a $150 million insurance policy that covered its officers and directors against legal fees and expenses, according to the filing. Lampert was chairman of the Sears board starting in 2005 and chief executive officer from 2013, while Mnuchin was a director of Sears from 2005 until 2016, court papers show....
August 12,, 2019By Josh Saul
Treasury Secretary (click here) Steve Mnuchin speaks during a ceremony to swear in Joseph M. Otting as Comptroller of the Currency.
Almost four months ago, (click here) the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin over allegedly wrongful transfers of $2 billion in company assets. Now lawyers representing the two men have asked the federal judge overseeing the retailer’s Chapter 11 case to lift the bankruptcy stay so Sears insurance policies can pay their legal fees, according to a new court filing.
Before Sears went bankrupt in October, the company carried a $150 million insurance policy that covered its officers and directors against legal fees and expenses, according to the filing. Lampert was chairman of the Sears board starting in 2005 and chief executive officer from 2013, while Mnuchin was a director of Sears from 2005 until 2016, court papers show....
Eric Garner received a justice today from the NYPD.
The NYPD made the right decision. Officer Daniel Pantaleo violated regulations and caused a man's death. I am surprised the Grand Jury didn't return a charge of manslaughter. Officer Pantaleo would not be effective as an officer in New York City after this death.
Eric Garner was loved by his family. He obviously loved his wife and children. His children were achieving as American young people should. He was a good father and a good husband. It is sometimes hard for people to put into context a man so much a family man that he would so easily turn his back on laws to earn what appeared to be loose change.
Good people make decisions every day to act against their conscience in order to blend into a workplace or laugh with friends at minor moral violations or in the case of Eric Garner; make loose change in order to make the world better for his children. Those decisions are made and for the most part are benign to society and left to the individual to resolve. That day Eric Garner made his decision to find people that would buy cigarettes for a $1 each. He did not expect such a minor issue to escalate into his death. The loss of a husband and a father is a horrible thing and has lasting impacts that are difficult to resolve.
Officer Pantaleo violated the ethics and regulations of his job and a man died. My sincerest sympathies for Eric Garner's family, a justice was done today and I hope they can realize Eric Garner's life was valued today.
Eric Garner was loved by his family. He obviously loved his wife and children. His children were achieving as American young people should. He was a good father and a good husband. It is sometimes hard for people to put into context a man so much a family man that he would so easily turn his back on laws to earn what appeared to be loose change.
Good people make decisions every day to act against their conscience in order to blend into a workplace or laugh with friends at minor moral violations or in the case of Eric Garner; make loose change in order to make the world better for his children. Those decisions are made and for the most part are benign to society and left to the individual to resolve. That day Eric Garner made his decision to find people that would buy cigarettes for a $1 each. He did not expect such a minor issue to escalate into his death. The loss of a husband and a father is a horrible thing and has lasting impacts that are difficult to resolve.
Officer Pantaleo violated the ethics and regulations of his job and a man died. My sincerest sympathies for Eric Garner's family, a justice was done today and I hope they can realize Eric Garner's life was valued today.
The Rooster
"Okeydoke"
Trump doesn't know when to leave well enough alone.
Great Britain held the Iranian oil tanker, Grace 1, for a month in Gibraltar because Iran was about to violate the Iranian sanctions. Recently, Iran reassured the UK the oil would not be offloaded in any Syrian port. After the agreement was reached the tanker was released to sail to Greece. Suddenly, Trump decided the tanker represented violations of USA sanctions. The government of Gibraltar has not answered the attempt to seize the tanker by Trump for money laundering.
The Iranian Tanker is now underway to Greece. This is an example of how one country cannot enforce sanctions globally when it turns away from alliances and established agreements. The USA came in too late to the situation and an agreement had already been negotiated between the UK and Iran. If the USA wants to enforce autonomous sanctions the State Department should be an active partner from the beginning and not at the end of the dialogue.
Madrid -- An Iranian supertanker (click here) with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization has left Gibraltar and was heading Monday east into the Mediterranean Sea, with its next destination reported to be Greece.
The Iran-flagged Adrian Darya 1, previously named Grace 1, set course for Kalamata, Greece, with an estimated arrival on Aug. 25, according to ship tracking service MarineTraffic. It wasn't immediately clear why the tanker would be heading there or whether the destination could change.
The vessel left Gibraltar late on Sunday after having been detained for a month in the British overseas territory for allegedly attempting to breach European Union sanctions on Syria. Gibraltar authorities rejected attempts by the U.S. to seize the oil tanker again, arguing that EU regulations are less strict than U.S. sanctions on Iran. And Tehran on Monday warned Washington against any effort to grab the vessel again....
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