The Democratic Texas congressman who forced the Dec. 6 vote on the impeachment of President Donald J. Trump told Big League Politics Tuesday he is not satisfied that Republicans in Congress or the Trump administration are defending vital cold-water drilling technology from Russian poaching.
“I think that we have seen an unusual affinity for the Russians from this administration and I am concerned that this affinity may not be in the best interest of our technology–when it comes to the Black Sea,” said Rep. Alexander Green (D.-Texas), whose district includes most of southeast Houston.
Minutes before Green spoke to BLP, the congressman shared his concerns at the hearing of The Monetary Policy and Trade Subcommittee of the House Financial Services Committee held at the Rayburn House Office Building. The hearing was focused on the Committee on Foreign Investment in the United States, the board inside the Treasury Department that approves and disapproves capital investments from overseas.
Subcommittee Chairman Rep. Garland H. “Andy” Barr IV (R.-Ky.) opened the hearing by reminding his colleagues that America has traditionally welcomed foreign investment, but there have been times, such as in the 1970s, when OPEC nations flush with “petrodollars” were buying up U.S. property and businesses and in the 1990s, when Japanese individuals and companies, enjoying that country’s last major boom, were also shopping for U.S. properties.
Barr said he was open to reforming CFIUS and its rules in light of the new trend of buying from the China.
“Working together we can modernize the CFIUS review process so that it better addresses security threats, while avoiding undue harm to U.S. business at home or to its efforts to compete abroad,” he said.
Green redirected the hearing to the transfer of technology.
“I am concerned about energy, I am a representative from the state of Texas,” Green said to his colleagues on the subcommittee. “My concern emanates from technology that Russians don’t have. They seem to have the ability to drill, but really the technology.” and ability as is needed to drill in the Black Sea, where it is extremely cold.”
Green said that in 2012, Rex Tillerson, then the CEO of Exxon-Mobil and now the secretary of state, signed a deal with the Russians that would have had his company partner with the Russians in Black Sea drilling.
The deal was thwarted, but Green said the question still remains how could an American company come so close to helping the Russians.
Admiral Dennis C. Blair, co-chairman of the Commission on the Theft of American Intellectual Property, and former Director of National Intelligence and member of the National Security Council under President George W. Bush, told Green that it was was a very complicated question.
Blair told Green that an increase in the world’s oil supply was a good thing for the U.S. economy.
The admiral said there he had no economic objection, because American companies in these partnerships have learned how to protect their proprietary tools, but there were geopolitical considerations.
Theodore W. Kassinger, a partner in the Washington law firm of O’Melveny & Myers, and a former deputy Commerce secretary also for Bush fils, said to the congressman that as a practical matter, such cooperation as was set up in 2012 could not happen today because of the sanctions against Russia after its 2014 invasion of Ukraine.
Kassinger said as a theoretical matter, because there is no monopoly on cold-water drilling, it might be better for American companies to get the business instead of someone else.
Speaking afterwards to BLP that access to cold-water drilling technology is very important to the Russians and it may have been a factor in their involvement in the 2016 presidential campaign.
The Texan said the Russian have a massive naval base in the Black Sea port of Sevastopol and their naval forces would are poised to protect more Russian drilling in the Black Sea if it would come to pass.
“Russia is a cold-water country” Green said. “They have very few outlets to warm water. They have Tartus in Syria, where they have a base, a very small base, and they have the Black Sea, which allows them to get into the Mediterranean–I mention this point, because they need our technology to acquire additional opportunities to move their oil, not only to their country, but to their military.”
Green said he appreciated the subcommittee bring up the panel, which in addition to Blair and Kassinger included Scott Kennedy, the director of the Project on Chinese Business & Political Economy at the Washington-based Center for Strategic & International Studies and Derek M. Scissors, a resident scholar at the American Enterprise Institute.
It is important for Americans to be able to compete without jeopardizing American national security by strengthening our rivals at our expense, he said.
“That is why we are holding the hearing, so as to make sure we find methodologies, by which we can do business without giving up technology,” he said.
Monetary Policy and Trade Subcommittee met today to evaluate the operations of the Committee on Foreign Investment in the United States (CFIUS) and the challenges posed by a changing global economy.
Goldman Sachs Claims Forcing Americans to Wear Masks Would Save U.S. Economy $1 Trillion
Multinational corporations want Americans to submit to the virus regime.
Corporate titan Goldman Sachs has produced research that contends the U.S. economy would save five percent of GDP, or $1 trillion, due to a national mask mandate using federal force to make people wear masks.
“If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP,” the researchers wrote.
Goldman’s analysts claim that forcing people to wear masks at the federal level would impact states like Florida and Texas, where masks are not mandatory, and “meaningfully” increase mask usage nationwide. Even though the mandate would be grossly unconstitutional, Goldman apparently believes that the ends justify the means.
They estimate that a mask mandate would increase mask usage overall by 15 percent and cut the daily growth of new coronavirus cases by between .6% and 1%. Goldman is fueling the false dichotomy where the public must to accept either a strict mask mandate or a Draconian shutdown of society. They claim that the next lockdown would take an additional $1 trillion out of the economy.
Former Vice President Joe Biden, who is attempting to unseat President Trump in November, has stated that he would use federal power to force Americans to wear masks.
“Yes, I would—from an executive standpoint, yes, I would . . . I would do everything possible to make it a requirement that people had to wear masks in public,” Biden mumbled last week.
The stage has been set for round two of the coronavirus panic to cripple society, even though the establishment has been encouraging Black Lives Matter pogroms against white people simultaneously.
Big League Politics has reported on the so-called experts as they have kept the fear propaganda going despite the immense hypocrisy:
The Centers for Disease Control and Prevention (CDC) are continuing their fear-mongering about the coronavirus pandemic, desperately trying to dissuade Americans from living their lives.
“Right now, communities are experiencing different levels of transmission occurring, as they gradually ease up onto the community mitigation efforts and gradually reopen,” the CDC’s deputy director for infectious diseases, Jay Butler, said to reporters during a press briefing on Friday.
“If cases begin to go up again, particularly if they go up dramatically, it’s important to recognize that more mitigation efforts such as what were implemented back in March may be needed again,” he added.
Butler emphasized that the “pandemic is not over” and urged localities to re-institute Draconian shutdown policies based on “what is happening within the community regarding disease transmission.”
The CDC has displayed an extreme amount of incompetence throughout the pandemic, which has destroyed their credibility and made them into a national laughingstock.
The establishment will never allow normalcy to return. The Orwellian nightmare, enabled by COVID-19 hysteria, is here to stay.
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