Abavo Market (Delta State, Nigeria) (Photo credit: airpanther)
Britain - spy nation (Photo credit: Clive Power)
Sahara (Photo credit: tonynetone)
English: Map locator of Nigeria. (Photo credit: Wikipedia)
Delta Flower Scarab (Photo credit: cotinis)
"With scientists firmly establishing the horrendous effects this pipeline will have on climate change, we must ask the question, "who pays the price?" The astounding consequences of weather-related disasters, industrial air emissions and possible pollution from leaks will undoubtedly fall to low-income and minority communities who already bear the crux of the burden of energy production in this country and in countries around the globe." ~ Cherri Foytlin, South Louisiana mother of six and wife of an oilworker, arrested today in DC while saying "no" to the Keystone XL pipeline
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John Farnham You won't likely have anyone else to make these points, so I will note your conflation of unrelated problems which are still a matter of opposing pollution regardless.
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American Taxpayers Create BP Profits and Boost Russia and China To World Oil Dominance - Remember the Troubled Asset Relief Program, better known as TARP? The Treasury Department reported on Jan. 23, 2013 that TARP was being wound down. Based on the estimates of Timothy Geithner & Co., a success: 93% of the $418 billion disbursed had been collected including $70 billion last year.
The idea that TARP is somehow a wash because a few banks repaid the bailouts with interest is misleading. The reality is that bailed-out firms essentially wrote off their losses on taxes. As of Dec. 30, TARP was still owed $67.3 billion, including $27 billion in realized losses — which is to say, that money is gone and is never coming back.
More than one person has questioned where that $7.6 billion comes from. The former inspector general for TARP, noted that a third of the AIG stock sold came from the Federal Reserve. So the proceeds of that aren’t going back to taxpayers, at least not directly. The Fed disperses income annually to the U.S. Treasury.
Then there was the tax benefit. The AIG “turnaround” story wouldn’t be complete without its amazing $19.8 billion profit at the end of 2011 — $17.7 billion of which was an accounting gain from “carry forwards,” or tax write-offs.
That’s just AIG. Bank of America Corp. and Citigroup Inc. also famously benefited from crisis-era losses that turned into tax write-offs down the road. (Ref: http:// articles.marketwatch.com/ 2013-02-12/commentary/ 37046509_1_tarp-capital-pur chase-program-neil-barofsk y)
Any perception of "profit" is immediately eliminated due to tax write-offs commonly used by corporations, even felony corporations like BP. BP has already claimed $10 billion in tax credits by writing off the expenses related to the Gulf oil spill during the first 2 years following the disaster. In effect, taxpayers paid half of the $20 billion BP paid to compensate Gulf residents and businesses. The cost of write-offs for their costs are still being calculated as we enter the three year anniversary of the worst environmental disaster in the history of the United States. At a rate of $5 billion dollars a year in write off losses, within the next 2 years, the American taxpayer will have completely paid the costs of the $20 billion dollars the US government held in escrow to cover claims immediately following the disaster.
When we combine the two scenarios, the TARP bailout of banks, in particular, The Bank of America Corp.and Citigroup Inc., the costs to the average American are astronomical. We continue to allow the bailout and write-off that should be normally associated with the cost of doing business which has become a revolving door of opportunity to the keen minds controlling not only the corporations, but the direction and future of our country, our financial security, and our national security.
We have covered many of the developments regarding BP's relationship through it's Russian corporation Rosneft as it's blunders and arrogance initially angered the powers to be, with Russian President Putin raiding BP's Russian offices, and confiscating documents and "evidence" that was to be used in lawsuits filed against BP TNK (Rosneft) by shareholders and so-called "Russian Oligarchs" declaring BP's mismanagement and malfeasance in operations, costing Russian billionaires severe financial losses. Ultimately, BP TNK and the Russian government, under the direct negotiations of BP President Robert Dudley, and Russian President Vladimir Putin resulted in a primarily Russian owned BP-TNK Oil Corporation, the world’s largest publicly traded oil company by output, producing about 4.4 million barrels of oil a day. A complex $55 billion deal last was forged allowing the Russian government to acquire TNK-BP and create an alliance with BP, letting the London-based company acquire nearly 20 percent of Rosneft, including some shares owned by the government.
Fast forward to February 13, 2013. We learn of a new alliance created by the Russian government/BP owned corporation Rosneft to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Russia's leading oil company, controlled by the Kremlin, is considering ultimately doubling supplies to China, sources said. (Ref: http://www.4-traders.com/ GLENCORE-INTERNATIONAL-PL-8 017494/news/ Exclusive-Russia-plans-$25- $30-billion-oil-for-loans- deal-with-China-16047617/)
So we now have China financing Rosneft to supply China with oil, and creating a new bond that ultimately can and probably will impact the cost of oil globally, as well as the control over the distribution of resources. But who finances Rosneft? That would be the American taxpayer. Here's how your dollars are supporting the litany of glut and greed within the boundaries of two countries that have little to know interest in preserving nor protecting the future stability of the United States.
This brings us back to TARP, and in particular, The Bank of America and Citigroup. February 12, 2013 media sources indicate the The Russian government and BP TNK (Rosneft) are signing a new agreement for a $13 billion dollar loan that forever changes the face of oil distribution globally. That $13 billion loan is the second part of a two-stage $29.8 billion loan package that will help make Rosneft the world's largest listed oil producer once the acquisition is completed. The other $16.8 billion was signed in late December of 2012.
And who finances BP TNK Rosneft? The Bank of America and Citigroup. The same banks that American taxpayers bailed out through loans, repaid, but with smoke and mirrors methods of producing a false euphoria for the average American citizen, and tax write-offs that are directly supported from American wallets. (Ref:http://au.news.yahoo.com/ thewest/a/-/world/16124650/ rlpc-rosneft-to-sign-13-bil lion-loan-for-tnk-bp-acqui sition-tuesday/)
It is beyond comprehension to realize that one corporation, BP, which plead guilty to 11 counts of felony charges, whose civil trial begins at the end of February 2013 barring any "settlement" they are able to reach with the US Department of Justice has completely been reimbursed for all damages related to their destruction of the Gulf of Mexico and this country, as well as profiting from stimulus funding for wind farm development at little to no costs to the corporation, again funded by taxpayer dollars, and then financed by The Bank of America and Citigroup to expand their Russian corporation, now co-owned by the Russian government, which now results in an alliance with China that makes them the new superpower.
All while the US Department of Defense and Energy continue to contract with BP - even during and since the BP Oil Disaster in the Gulf of Mexico - to the tune of $2.51 billion in the year ended Sept. 30 from $1.04 billion in fiscal 2010, the year of the oil rig explosion, according to data compiled by Bloomberg. BP’s share of the military’s petroleum market jumped to 12 percent from 8.5 percent during the period, essentially doubling BP's contracts with the US military - supported with... you got it - American taxpayer dollars. (Ref: http://www.bloomberg.com/ news/2013-02-06/ bp-s-u-s-defense-contracts- doubled-since-year-of-gulf -oil-spill.html)
This insanity must end. While families struggle, BP is laughing all the way to the bank. Their flagrant attempts to look "charitable" and "caring" by promoting local events, donating to schools and universities, promoting local tourism, and toxic seafood consumption are ALL paid for by YOU. It's time you take a stand and demand where and HOW your hard earned money is spent.
It's all eyes on greed, control, and manipulation. And no one - not even the United States of America seem to be able to see through the thinly veiled scheme that is BP nor put the pieces of the bigger puzzle together. Gone unchallenged, no one can predict what the outcome will be, but you can be assured that if BP is involved, it will ultimately, and always end up in disaster for our country.
"With scientists firmly establishing the horrendous effects this pipeline will have on climate change, we must ask the question, "who pays the price?" The astounding consequences of weather-related disasters, industrial air emissions and possible pollution from leaks will undoubtedly fall to low-income and minority communities who already bear the crux of the burden of energy production in this country and in countries around the globe." ~ Cherri Foytlin, South Louisiana mother of six and wife of an oilworker, arrested today in DC while saying "no" to the Keystone XL pipeline
"With scientists firmly establishing the horrendous effects this pipeline will have on climate change, we must ask the question, "who pays the price?" The astounding consequences of weather-related disasters, industrial air emissions and possible pollution from leaks will undoubtedly fall to low-income and minority communities who already bear the crux of the burden of energy production in this country and in countries around the globe." ~ Cherri Foytlin, South Louisiana mother of six and wife of an oilworker, arrested today in DC while saying "no" to the Keystone XL pipeline
- John Farnham You won't likely have anyone else to make these points, so I will note your conflation of unrelated problems which are still a matter of opposing pollution regardless.
American Taxpayers Create BP Profits and Boost Russia and China To World Oil Dominance - Remember the Troubled Asset Relief Program, better known as TARP? The Treasury Department reported on Jan. 23, 2013 that TARP was being wound down. Based on the estimates of Timothy Geithner & Co., a success: 93% of the $418 billion disbursed had been collected including $70 billion last year.
The idea that TARP is somehow a wash because a few banks repaid the bailouts with interest is misleading. The reality is that bailed-out firms essentially wrote off their losses on taxes. As of Dec. 30, TARP was still owed $67.3 billion, including $27 billion in realized losses — which is to say, that money is gone and is never coming back.
More than one person has questioned where that $7.6 billion comes from. The former inspector general for TARP, noted that a third of the AIG stock sold came from the Federal Reserve. So the proceeds of that aren’t going back to taxpayers, at least not directly. The Fed disperses income annually to the U.S. Treasury.
Then there was the tax benefit. The AIG “turnaround” story wouldn’t be complete without its amazing $19.8 billion profit at the end of 2011 — $17.7 billion of which was an accounting gain from “carry forwards,” or tax write-offs.
That’s just AIG. Bank of America Corp. and Citigroup Inc. also famously benefited from crisis-era losses that turned into tax write-offs down the road. (Ref: http:// articles.marketwatch.com/ 2013-02-12/commentary/ 37046509_1_tarp-capital-pur chase-program-neil-barofsk y)
Any perception of "profit" is immediately eliminated due to tax write-offs commonly used by corporations, even felony corporations like BP. BP has already claimed $10 billion in tax credits by writing off the expenses related to the Gulf oil spill during the first 2 years following the disaster. In effect, taxpayers paid half of the $20 billion BP paid to compensate Gulf residents and businesses. The cost of write-offs for their costs are still being calculated as we enter the three year anniversary of the worst environmental disaster in the history of the United States. At a rate of $5 billion dollars a year in write off losses, within the next 2 years, the American taxpayer will have completely paid the costs of the $20 billion dollars the US government held in escrow to cover claims immediately following the disaster.
When we combine the two scenarios, the TARP bailout of banks, in particular, The Bank of America Corp.and Citigroup Inc., the costs to the average American are astronomical. We continue to allow the bailout and write-off that should be normally associated with the cost of doing business which has become a revolving door of opportunity to the keen minds controlling not only the corporations, but the direction and future of our country, our financial security, and our national security.
We have covered many of the developments regarding BP's relationship through it's Russian corporation Rosneft as it's blunders and arrogance initially angered the powers to be, with Russian President Putin raiding BP's Russian offices, and confiscating documents and "evidence" that was to be used in lawsuits filed against BP TNK (Rosneft) by shareholders and so-called "Russian Oligarchs" declaring BP's mismanagement and malfeasance in operations, costing Russian billionaires severe financial losses. Ultimately, BP TNK and the Russian government, under the direct negotiations of BP President Robert Dudley, and Russian President Vladimir Putin resulted in a primarily Russian owned BP-TNK Oil Corporation, the world’s largest publicly traded oil company by output, producing about 4.4 million barrels of oil a day. A complex $55 billion deal last was forged allowing the Russian government to acquire TNK-BP and create an alliance with BP, letting the London-based company acquire nearly 20 percent of Rosneft, including some shares owned by the government.
Fast forward to February 13, 2013. We learn of a new alliance created by the Russian government/BP owned corporation Rosneft to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Russia's leading oil company, controlled by the Kremlin, is considering ultimately doubling supplies to China, sources said. (Ref: http://www.4-traders.com/ GLENCORE-INTERNATIONAL-PL-8 017494/news/ Exclusive-Russia-plans-$25- $30-billion-oil-for-loans- deal-with-China-16047617/)
So we now have China financing Rosneft to supply China with oil, and creating a new bond that ultimately can and probably will impact the cost of oil globally, as well as the control over the distribution of resources. But who finances Rosneft? That would be the American taxpayer. Here's how your dollars are supporting the litany of glut and greed within the boundaries of two countries that have little to know interest in preserving nor protecting the future stability of the United States.
This brings us back to TARP, and in particular, The Bank of America and Citigroup. February 12, 2013 media sources indicate the The Russian government and BP TNK (Rosneft) are signing a new agreement for a $13 billion dollar loan that forever changes the face of oil distribution globally. That $13 billion loan is the second part of a two-stage $29.8 billion loan package that will help make Rosneft the world's largest listed oil producer once the acquisition is completed. The other $16.8 billion was signed in late December of 2012.
And who finances BP TNK Rosneft? The Bank of America and Citigroup. The same banks that American taxpayers bailed out through loans, repaid, but with smoke and mirrors methods of producing a false euphoria for the average American citizen, and tax write-offs that are directly supported from American wallets. (Ref:http://au.news.yahoo.com/ thewest/a/-/world/16124650/ rlpc-rosneft-to-sign-13-bil lion-loan-for-tnk-bp-acqui sition-tuesday/)
It is beyond comprehension to realize that one corporation, BP, which plead guilty to 11 counts of felony charges, whose civil trial begins at the end of February 2013 barring any "settlement" they are able to reach with the US Department of Justice has completely been reimbursed for all damages related to their destruction of the Gulf of Mexico and this country, as well as profiting from stimulus funding for wind farm development at little to no costs to the corporation, again funded by taxpayer dollars, and then financed by The Bank of America and Citigroup to expand their Russian corporation, now co-owned by the Russian government, which now results in an alliance with China that makes them the new superpower.
All while the US Department of Defense and Energy continue to contract with BP - even during and since the BP Oil Disaster in the Gulf of Mexico - to the tune of $2.51 billion in the year ended Sept. 30 from $1.04 billion in fiscal 2010, the year of the oil rig explosion, according to data compiled by Bloomberg. BP’s share of the military’s petroleum market jumped to 12 percent from 8.5 percent during the period, essentially doubling BP's contracts with the US military - supported with... you got it - American taxpayer dollars. (Ref: http://www.bloomberg.com/ news/2013-02-06/ bp-s-u-s-defense-contracts- doubled-since-year-of-gulf -oil-spill.html)
This insanity must end. While families struggle, BP is laughing all the way to the bank. Their flagrant attempts to look "charitable" and "caring" by promoting local events, donating to schools and universities, promoting local tourism, and toxic seafood consumption are ALL paid for by YOU. It's time you take a stand and demand where and HOW your hard earned money is spent.
It's all eyes on greed, control, and manipulation. And no one - not even the United States of America seem to be able to see through the thinly veiled scheme that is BP nor put the pieces of the bigger puzzle together. Gone unchallenged, no one can predict what the outcome will be, but you can be assured that if BP is involved, it will ultimately, and always end up in disaster for our country.
American Taxpayers Create BP Profits and Boost Russia and China To World Oil Dominance - Remember the Troubled Asset Relief Program, better known as TARP? The Treasury Department reported on Jan. 23, 2013 that TARP was being wound down. Based on the estimates of Timothy Geithner & Co., a success: 93% of the $418 billion disbursed had been collected including $70 billion last year.
The idea that TARP is somehow a wash because a few banks repaid the bailouts with interest is misleading. The reality is that bailed-out firms essentially wrote off their losses on taxes. As of Dec. 30, TARP was still owed $67.3 billion, including $27 billion in realized losses — which is to say, that money is gone and is never coming back.
More than one person has questioned where that $7.6 billion comes from. The former inspector general for TARP, noted that a third of the AIG stock sold came from the Federal Reserve. So the proceeds of that aren’t going back to taxpayers, at least not directly. The Fed disperses income annually to the U.S. Treasury.
Then there was the tax benefit. The AIG “turnaround” story wouldn’t be complete without its amazing $19.8 billion profit at the end of 2011 — $17.7 billion of which was an accounting gain from “carry forwards,” or tax write-offs.
That’s just AIG. Bank of America Corp. and Citigroup Inc. also famously benefited from crisis-era losses that turned into tax write-offs down the road. (Ref: http:// articles.marketwatch.com/ 2013-02-12/commentary/ 37046509_1_tarp-capital-pur chase-program-neil-barofsk y)
Any perception of "profit" is immediately eliminated due to tax write-offs commonly used by corporations, even felony corporations like BP. BP has already claimed $10 billion in tax credits by writing off the expenses related to the Gulf oil spill during the first 2 years following the disaster. In effect, taxpayers paid half of the $20 billion BP paid to compensate Gulf residents and businesses. The cost of write-offs for their costs are still being calculated as we enter the three year anniversary of the worst environmental disaster in the history of the United States. At a rate of $5 billion dollars a year in write off losses, within the next 2 years, the American taxpayer will have completely paid the costs of the $20 billion dollars the US government held in escrow to cover claims immediately following the disaster.
When we combine the two scenarios, the TARP bailout of banks, in particular, The Bank of America Corp.and Citigroup Inc., the costs to the average American are astronomical. We continue to allow the bailout and write-off that should be normally associated with the cost of doing business which has become a revolving door of opportunity to the keen minds controlling not only the corporations, but the direction and future of our country, our financial security, and our national security.
We have covered many of the developments regarding BP's relationship through it's Russian corporation Rosneft as it's blunders and arrogance initially angered the powers to be, with Russian President Putin raiding BP's Russian offices, and confiscating documents and "evidence" that was to be used in lawsuits filed against BP TNK (Rosneft) by shareholders and so-called "Russian Oligarchs" declaring BP's mismanagement and malfeasance in operations, costing Russian billionaires severe financial losses. Ultimately, BP TNK and the Russian government, under the direct negotiations of BP President Robert Dudley, and Russian President Vladimir Putin resulted in a primarily Russian owned BP-TNK Oil Corporation, the world’s largest publicly traded oil company by output, producing about 4.4 million barrels of oil a day. A complex $55 billion deal last was forged allowing the Russian government to acquire TNK-BP and create an alliance with BP, letting the London-based company acquire nearly 20 percent of Rosneft, including some shares owned by the government.
Fast forward to February 13, 2013. We learn of a new alliance created by the Russian government/BP owned corporation Rosneft to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Russia's leading oil company, controlled by the Kremlin, is considering ultimately doubling supplies to China, sources said. (Ref: http://www.4-traders.com/ GLENCORE-INTERNATIONAL-PL-8 017494/news/ Exclusive-Russia-plans-$25- $30-billion-oil-for-loans- deal-with-China-16047617/)
So we now have China financing Rosneft to supply China with oil, and creating a new bond that ultimately can and probably will impact the cost of oil globally, as well as the control over the distribution of resources. But who finances Rosneft? That would be the American taxpayer. Here's how your dollars are supporting the litany of glut and greed within the boundaries of two countries that have little to know interest in preserving nor protecting the future stability of the United States.
This brings us back to TARP, and in particular, The Bank of America and Citigroup. February 12, 2013 media sources indicate the The Russian government and BP TNK (Rosneft) are signing a new agreement for a $13 billion dollar loan that forever changes the face of oil distribution globally. That $13 billion loan is the second part of a two-stage $29.8 billion loan package that will help make Rosneft the world's largest listed oil producer once the acquisition is completed. The other $16.8 billion was signed in late December of 2012.
And who finances BP TNK Rosneft? The Bank of America and Citigroup. The same banks that American taxpayers bailed out through loans, repaid, but with smoke and mirrors methods of producing a false euphoria for the average American citizen, and tax write-offs that are directly supported from American wallets. (Ref:http://au.news.yahoo.com/ thewest/a/-/world/16124650/ rlpc-rosneft-to-sign-13-bil lion-loan-for-tnk-bp-acqui sition-tuesday/)
It is beyond comprehension to realize that one corporation, BP, which plead guilty to 11 counts of felony charges, whose civil trial begins at the end of February 2013 barring any "settlement" they are able to reach with the US Department of Justice has completely been reimbursed for all damages related to their destruction of the Gulf of Mexico and this country, as well as profiting from stimulus funding for wind farm development at little to no costs to the corporation, again funded by taxpayer dollars, and then financed by The Bank of America and Citigroup to expand their Russian corporation, now co-owned by the Russian government, which now results in an alliance with China that makes them the new superpower.
All while the US Department of Defense and Energy continue to contract with BP - even during and since the BP Oil Disaster in the Gulf of Mexico - to the tune of $2.51 billion in the year ended Sept. 30 from $1.04 billion in fiscal 2010, the year of the oil rig explosion, according to data compiled by Bloomberg. BP’s share of the military’s petroleum market jumped to 12 percent from 8.5 percent during the period, essentially doubling BP's contracts with the US military - supported with... you got it - American taxpayer dollars. (Ref: http://www.bloomberg.com/ news/2013-02-06/ bp-s-u-s-defense-contracts- doubled-since-year-of-gulf -oil-spill.html)
This insanity must end. While families struggle, BP is laughing all the way to the bank. Their flagrant attempts to look "charitable" and "caring" by promoting local events, donating to schools and universities, promoting local tourism, and toxic seafood consumption are ALL paid for by YOU. It's time you take a stand and demand where and HOW your hard earned money is spent.
It's all eyes on greed, control, and manipulation. And no one - not even the United States of America seem to be able to see through the thinly veiled scheme that is BP nor put the pieces of the bigger puzzle together. Gone unchallenged, no one can predict what the outcome will be, but you can be assured that if BP is involved, it will ultimately, and always end up in disaster for our country.
The idea that TARP is somehow a wash because a few banks repaid the bailouts with interest is misleading. The reality is that bailed-out firms essentially wrote off their losses on taxes. As of Dec. 30, TARP was still owed $67.3 billion, including $27 billion in realized losses — which is to say, that money is gone and is never coming back.
More than one person has questioned where that $7.6 billion comes from. The former inspector general for TARP, noted that a third of the AIG stock sold came from the Federal Reserve. So the proceeds of that aren’t going back to taxpayers, at least not directly. The Fed disperses income annually to the U.S. Treasury.
Then there was the tax benefit. The AIG “turnaround” story wouldn’t be complete without its amazing $19.8 billion profit at the end of 2011 — $17.7 billion of which was an accounting gain from “carry forwards,” or tax write-offs.
That’s just AIG. Bank of America Corp. and Citigroup Inc. also famously benefited from crisis-era losses that turned into tax write-offs down the road. (Ref: http://
Any perception of "profit" is immediately eliminated due to tax write-offs commonly used by corporations, even felony corporations like BP. BP has already claimed $10 billion in tax credits by writing off the expenses related to the Gulf oil spill during the first 2 years following the disaster. In effect, taxpayers paid half of the $20 billion BP paid to compensate Gulf residents and businesses. The cost of write-offs for their costs are still being calculated as we enter the three year anniversary of the worst environmental disaster in the history of the United States. At a rate of $5 billion dollars a year in write off losses, within the next 2 years, the American taxpayer will have completely paid the costs of the $20 billion dollars the US government held in escrow to cover claims immediately following the disaster.
When we combine the two scenarios, the TARP bailout of banks, in particular, The Bank of America Corp.and Citigroup Inc., the costs to the average American are astronomical. We continue to allow the bailout and write-off that should be normally associated with the cost of doing business which has become a revolving door of opportunity to the keen minds controlling not only the corporations, but the direction and future of our country, our financial security, and our national security.
We have covered many of the developments regarding BP's relationship through it's Russian corporation Rosneft as it's blunders and arrogance initially angered the powers to be, with Russian President Putin raiding BP's Russian offices, and confiscating documents and "evidence" that was to be used in lawsuits filed against BP TNK (Rosneft) by shareholders and so-called "Russian Oligarchs" declaring BP's mismanagement and malfeasance in operations, costing Russian billionaires severe financial losses. Ultimately, BP TNK and the Russian government, under the direct negotiations of BP President Robert Dudley, and Russian President Vladimir Putin resulted in a primarily Russian owned BP-TNK Oil Corporation, the world’s largest publicly traded oil company by output, producing about 4.4 million barrels of oil a day. A complex $55 billion deal last was forged allowing the Russian government to acquire TNK-BP and create an alliance with BP, letting the London-based company acquire nearly 20 percent of Rosneft, including some shares owned by the government.
Fast forward to February 13, 2013. We learn of a new alliance created by the Russian government/BP owned corporation Rosneft to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Russia's leading oil company, controlled by the Kremlin, is considering ultimately doubling supplies to China, sources said. (Ref: http://www.4-traders.com/
So we now have China financing Rosneft to supply China with oil, and creating a new bond that ultimately can and probably will impact the cost of oil globally, as well as the control over the distribution of resources. But who finances Rosneft? That would be the American taxpayer. Here's how your dollars are supporting the litany of glut and greed within the boundaries of two countries that have little to know interest in preserving nor protecting the future stability of the United States.
This brings us back to TARP, and in particular, The Bank of America and Citigroup. February 12, 2013 media sources indicate the The Russian government and BP TNK (Rosneft) are signing a new agreement for a $13 billion dollar loan that forever changes the face of oil distribution globally. That $13 billion loan is the second part of a two-stage $29.8 billion loan package that will help make Rosneft the world's largest listed oil producer once the acquisition is completed. The other $16.8 billion was signed in late December of 2012.
And who finances BP TNK Rosneft? The Bank of America and Citigroup. The same banks that American taxpayers bailed out through loans, repaid, but with smoke and mirrors methods of producing a false euphoria for the average American citizen, and tax write-offs that are directly supported from American wallets. (Ref:http://au.news.yahoo.com/
It is beyond comprehension to realize that one corporation, BP, which plead guilty to 11 counts of felony charges, whose civil trial begins at the end of February 2013 barring any "settlement" they are able to reach with the US Department of Justice has completely been reimbursed for all damages related to their destruction of the Gulf of Mexico and this country, as well as profiting from stimulus funding for wind farm development at little to no costs to the corporation, again funded by taxpayer dollars, and then financed by The Bank of America and Citigroup to expand their Russian corporation, now co-owned by the Russian government, which now results in an alliance with China that makes them the new superpower.
All while the US Department of Defense and Energy continue to contract with BP - even during and since the BP Oil Disaster in the Gulf of Mexico - to the tune of $2.51 billion in the year ended Sept. 30 from $1.04 billion in fiscal 2010, the year of the oil rig explosion, according to data compiled by Bloomberg. BP’s share of the military’s petroleum market jumped to 12 percent from 8.5 percent during the period, essentially doubling BP's contracts with the US military - supported with... you got it - American taxpayer dollars. (Ref: http://www.bloomberg.com/
This insanity must end. While families struggle, BP is laughing all the way to the bank. Their flagrant attempts to look "charitable" and "caring" by promoting local events, donating to schools and universities, promoting local tourism, and toxic seafood consumption are ALL paid for by YOU. It's time you take a stand and demand where and HOW your hard earned money is spent.
It's all eyes on greed, control, and manipulation. And no one - not even the United States of America seem to be able to see through the thinly veiled scheme that is BP nor put the pieces of the bigger puzzle together. Gone unchallenged, no one can predict what the outcome will be, but you can be assured that if BP is involved, it will ultimately, and always end up in disaster for our country.
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