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Obama Admin. Plan Guts Oil Shale Development, Reduces by Two-Thirds Federal Lands Previously Approved (+video)

June 22, 2013/5 Comments/in Featured, Video /by Kelly David Burke

Photo Credit: Fox News

Controversy is heating up over an administration plan to drastically reduce the amount of federal lands available for oil shale development in the American West.

The Bush administration had set aside 1.3 million acres for oil shale and tar sands development in Colorado, Utah and Wyoming. The new Bureau of Land Management plan cuts that amount by two-thirds, down to 700,000 acres, a decision that has prompted industry outrage.

“What they basically did was make it so that nobody is going to want to spend money going after oil shale on federal government lands,” said Dan Kish, Senior Vice President of Institute for Energy Research.

China Poised to Play Debt Card – for U.S. Land

January 22, 2013/4 Comments/in Featured, News /by Jerome R. Corsi

NEW YORK – Could real estate on American soil owned by China be set up as “development zones” in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?

That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.

Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.

Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States.

WND has reliable information that the Bank of China, China’s central bank, has continued to advance the plan to convert China’s holdings of U.S. debt into equity owned by China in the U.S.