Obama’s Islamic Alliance

Liberals are blocking construction of TransCanada's Keystone XL pipeline while the U.S. buys oil from Mideast countries that hate America.

The Wall Street Journal recently pointed out that when it comes to job and energy security, President Barack Obama simply doesn’t get it. The WSJ is right. For all his soaring rhetoric, the President’s September “jobs speech” demonstrated zero insight into how America could really grow its economy while reducing its dependence on Mideast oil, as that region becomes ever more chaotic.

Despite his abilities as a campaigner, Obama continues to demonstrate his inabilities as a leader. The nation has suffered because of Obama for three years. Hopefully, there’s only one more year to go.

The WSJ reported how briskly Canada’s economy has recovered from the crash of 2008 and how secure Canada is when it comes to its energy self-sufficiency.

“Canada has recovered all the jobs it lost in the 2009 recession, and Alberta’s oil sands are no small part of that. The province is on track to become the world’s second-largest oil producer, after Saudi Arabia, within 10 years. Meanwhile Mr. Obama clings to his subsidies for solar panels and his religious faith in green jobs.”

Obama is not alone with his Green dreams. Liberals in entertainment have been back at it, protesting Alberta’s oil sand projects on Canada’s Parliament Hill.

A core issue for the latest protest has been blocking the construction of TransCanada’s Keystone XL pipeline. Liberals want to make sure that permits for its construction are blocked. What they don’t take into account is that the construction of the XL pipeline would mean an investment of $20 billion. And according to TransCanada, the project construction phase will result in 13,000 direct hires and 118,000 indirect jobs in the United States.

That is the benefit from just one project. According to a study commissioned by the American Petroleum Institute and released last month, pro-development policies in fossil fuels in the U.S. and Canada could create an additional 1.4 million jobs, and raise more than $800 billion in additional government revenue over the next two decades.

It is estimated that Alberta’s oil and gas industry supports 30,000 jobs plus hundreds of thousands of indirect jobs in industries such as construction and manufacturing. Because of petroleum, the province has an unemployment rate of 5.6 percent.

And it turns out that having a strong oil sands industry in Alberta is good for America. There are almost 1,000 U.S. companies doing work in the Alberta oil sector.

What America needs is for Washington to open offshore drilling as well as domestic oil and gas exploration in the arctic. Such programs would create jobs and allow us to finally tell the Arabs to choke on their oil.

Hollywood Must Love Islam

Obama either believes in the science fiction fantasy that affordable renewable energy will be developed any day, or he simply won’t give up a devilish deal with the Organization of Petroleum Exporting Companies — most notably the decade-long commitment to support Saudi Arabia, regardless of how many terrorists are born and bred there. What secret arrangements Obama may have with the House of Saud, I can only guess.

What puzzles me more is why some U.S. celebrities hate Canadian crude even if it means being dependent on the brethren of Osama bin Laden.

Most people in the entertainment business probably could not find Saudi Arabia on a map. But this boot that is planted in the heart of the Mideast is controlled by a tribe of billionaires who have grand ambitions — even if they have to bootstrap jihadism to keep their oil fiefdom together.

While I am all for keeping ducks safe from oil ponds, I am much more worried about a much bigger evil: the House of Saud.

So what is the real Saudi Arabia like? My only information comes from the news, books and the stories my dad told me after he returned from a month-long business trip to the Kingdom in 1962.

Dad interviewed Prince Fahd bin Abdul Aziz Al Saud for his publication, OilWeek Magazine. The Prince, who would become known as one of Saudi Arabia’s most progressive leaders, was a good host. My father was able to see some Holy Shrines and the Ghawar Oil Field, by far the largest conventional oil field in the world. And just so my old man didn’t get bored, he also got some front-row tickets to a public beheading.

In the decades since then, Saudi Arabia hasn’t changed much. The Toronto Star reported that the Kingdom recently beheaded a man for, believe it or not, sorcery.

What Obama and his liberals don’t understand is that Green technologies don’t work and Alberta’s oil sands are a far better option than depending on Arab oil, especially Saudi oil.

Keep in mind that 15 of the 19 hijackers on 9/11 were Saudi born. Also remember that the House of Saud launched not one but two oil embargoes on the United States. If you remain unconvinced that the majority of Saudis (including the royal family) hate America, pick up Robert Lacey’s recent book Inside the Kingdom: Kings, Clerics, Modernists, Terrorists, and the Struggle for Saudi Arabia.

Lacey’s book is a chilling examination of the changes that have happened between U.S. and Saudi relations over the past three decades and how the majority of Saudis despise the United States even as they are gleefully happy to sell the country their enormous reservoirs of oil.

Lacey recounts how one young Saudi science teacher was horrified as he watched the planes crash into the Twin Towers on 9/11. The man shared his outrage with other teachers who warned him that he must keep his opinions to himself and not dare make the mistake of talking to his students about the terror attack. Another teacher warned him: “If an Islamic court finds that your thoughts are ‘secular,’ they take that to mean that you’re a Muslim who has renounced the faith, that you’re an ‘apostate.’ And the penalty for apostasy is death.”

Most disturbing is the quote Lacey attributes to Prince Amr Al-Faisal, a member of the House of Saud and a well-known Saudi businessman. “As a Muslim, I condemn what bin Laden did. But the Saudis are daring people, and it is not surprising that one of the most daring terrorists in the world should be a Saudi. As many Muslims saw it, the falling of the twin towers was a lesson to the pride and complacency of the Americans. It gave them just a little taste of what the Muslims have been going through.”

Do we face a future in which the United States will have to depend on the likes of Saudi Arabia for our energy needs — this tribe of Bedouins, most of whom hate the United States? It seems so. Obama is counting on his coalition of Greens to block Alberta oil sands projects and restrict U.S. oil and gas exploration.

I suggest you ask yourself this when you vote next year: Is Obama a President that the United States can afford?

Yours in good times and bad,

John Myers
Myers’ Energy & Gold Report

Personal Liberty

John Myers

is editor of Myers’ Energy and Gold Report. The son of C.V. Myers, the original publisher of Oilweek Magazine, John has worked with two of the world’s largest investment publishers, Phillips and Agora. He was the original editor for Outstanding Investments and has more than 20 years experience as an investment writer. John is a graduate of the University of Calgary. He has worked for Prudential Securities in Spokane, Wash., as a registered investment advisor. His office location in Calgary, Alberta, is just minutes away from the headquarters of some of the biggest players in today’s energy markets. This gives him personal access to everyone from oil CEOs to roughnecks, where he learns secrets from oil insiders he passes on to his subscribers. Plus, during his years in Spokane he cultivated a network of relationships with mining insiders in Idaho, Oregon and Washington.

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