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Tags: cefc | esg | opec

BlackRock, Beijing, Have Stakes in Biden Anti-Fossil Energy Plan

BlackRock, Beijing, Have Stakes in Biden Anti-Fossil Energy Plan
(Iurii Motov/Dreamstime.com)

Larry Bell By Wednesday, 06 July 2022 05:25 PM EDT Current | Bio | Archive

Following up on Joe’s "as long as it takes," response to a press reporter’s question at the June 28 NATO summit in Madrid regarding how long American drivers should be prepared to endure premium gasoline penalties, his top economic advisor highlighted the key reason this pump pain patience is so important.

When asked for comments later that day by CNN's Victor Blackwell "What do you say to the families that say 'we can't afford to pay $4.85 a gallon for months, if not years,’ this is not sustainable," White House National Economic Council director Brian Deese affirmed:

"What you heard from the president today was a clear articulation of the stakes."

Deese then clarified that "This is about the future of the liberal world order, and we have to stand firm."

Brian Deese has a substantial White House history.

Prior to joining BlackRock as their global head of "sustainable investing," he had played key roles as deputy director of both the National Economic Council and the Office of Management and Budget in negotiating the Obama-Biden administration’s Paris Climate Accords.

The significance of Deese’s BlackRock background are most compelling; a company that has amassed and applied great wealth to seize board room control over numerous publicly traded companies.

Above all, BlackRock, the world’s largest asset manager with about $10 trillion under its influence, is a spectacularly powerful "green energy" promoter and fossil energy adversary through aggressive Environmental, Social, and Governance (ESG) investment leveraging priorities.

Incidentally, BlackRock has also launched enormously ambitious initiatives in China . . . a country that just happens to control about 80% of rare earth minerals that are essential for wind energy storage and electric vehicle batteries, along with currently supplying another 80% of the world’s solar panels needed to fulfill the Biden administration’s green miracle.

Deese isn’t the only former and current BlackRock official to hold lots of Biden administration sway.

According to White House visitors’ logs, Thomas E. Donilon — chairman of the BlackRock Investment Institute, met with Biden officials at least eight times from March to November 2021, and likely a couple times even more if a "Thomas N. Donilon" listed is the same guy

Donilon clearly knows his way around White House inner circles, having previously worked for Hillary Clinton’s 2016 presidential campaign, served as President Barack Obama’s national security advisor, and was reportedly flagged on Biden’s short list of nominees to become the next CIA director.

Thomas Donilon’s family links into the Biden administration run deep as well.

His brother, Mike, served as Joe’s chief strategist throughout his 2020 presidential campaign. 

The president has been far less charitable regarding making his White House welcoming to petroleum company representatives.

Joe recently cancelled his appearance at a summoned meeting with seven major oil company CEOs to discuss "concrete solutions" to combat skyrocketing gas prices, then met instead with wind energy executives, labor leaders and several East Coast governors to "jumpstart the American offshore wind industry."

When Associated Press reporter Aamer Madhani asked White House press secretary Karine Jean-Pierre: "Why did the president stop by the wind executives meeting?"

"Why didn’t he spend some time with the oil executives as well?" she replied only that the White House event was just a scheduled "stop by;" it was merely "something that he does very often."

Then, after Jean-Pierre had said that "The president is trying to figure out and take steps on how we can take, bring the gas prices down, "Fox News correspondent Peter Doocy asked the press secretary: "By meeting with offshore wind folks and not with oil and gas CEOs, how does that lower gas prices? You said he’s done everything in his power. They were a mile away."

Meanwhile, as America experiences 4-decadal-high inflation driven heavily by self-imposed escalating gasoline and diesel pump prices, we witness the Biden White House pitifully pleading with OPEC, Saudi Arabia  even Venezuela and Iran  to pump more oil, while simultaneously intending to have the Department of Interior block new U.S. Atlantic and Pacific offshore drilling.

It’s difficult to fathom why the Biden administration would continue to sabotage America’s fossil-fueled economy in runups to a predicted red wave of Democrat midterm election washouts.

Amid unrelenting pressures from his core climate lobby base demanding more of the same failed policies, and prospective Chinese extortion threats posed by family influence.

Perhaps Joe sees little choice.

Included in the latter, are details about Hunter’s return from a trip from Beijing with his dad aboard Air Force Two with a $1.5 billion private deal with the Communist Bank of China . . . and another Hunter deal with since-defunct CEFC China Energy known to have paid Hunter nearly $6 million in “consultations and legal fees,” and a proposal that earmarked “10[%] held by H for the big guy.”

It appears that these circumstances may have caught Biden between a proverbial BlackRock and a Beijing hard place.

Larry Bell is an endowed professor of space architecture at the University of Houston where he founded Sasakawa International Center for Space Architecture and the graduate space architecture program. His latest of 11 books, "Beyond Flagpoles and Footprints: Pioneering the Space Frontier" co-authored with Buzz Aldrin (2021), is available on Amazon along with all others. Read Larry Bell's Reports — More Here.

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LarryBell
As America experiences 4-decadal-high inflation driven heavily by self-imposed escalating gasoline and diesel pump prices, we witness the Biden White House pitifully pleading with OPEC, Saudi Arabia, even Venezuela and Iran, to pump more oil,
cefc, esg, opec
878
2022-25-06
Wednesday, 06 July 2022 05:25 PM
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