N.Y.S.E. To Learn to Speak German? Deutsche Boerse AG Nears Takeover

Since Feb. 2011 a German firm-Deutsche Boerse AG- has sought to buy about 60% of the New York Stock Exchange. That makes for an interesting advance of globalism in the U.S.A. Also today the London Stock Exchange and the Toronto Stock Exchange ownership merged. The corporate world's networks of power influence local business and politics substantially to the detriment of the poor and middle class at least in the U.S.A.

http://www.suntimes.com/business/3752109-420/story.htm

In Alaska there has been a political effort to sell natural gas for decades. Recently the state helped an Australian and a Singapore company with loans along with a Chinese Bank to buy a jack-up oil rig or two for natural gas prospecting in Cook Inlet. Some natural gas was found and more prospecting will go ahead next spring. Meanwhile the state is funding a plan to build a 'bullet' pipeline from the North Slope to Anchorage. The two projects seem to contradict one another to a certain extent,as the purpose is to provide a gas supply to Anchorage.

It has been said that liquified natural gas could be sold to overseas buyers though, and that could make the bullet pipeline feasable financially even if there is a supply of shale gas fracked in the 48 states that makes buildinng a pipeline from Alaska to the 48 state network via Canada unpprofitable.

The political process goes on ad infinitum annd the winners seem to be select extraction industry insiders and politicians. I would guess that Exxon-Mobil can influence prices by choosing what development to support at least as well as the Congress.

A Canadian Corporation has purchased a pipeline to transport U.S. oil from the Midwest for refining in Texas and/or Louisiana for sale to Latin America. Well heck, petrol only sells for $3.50 a gallon now and won't be 4 bucks until next summer. So who needs a non-fossil fuel transport infrastructure in the U.S.A. with global corporations buying everything in sight and concentrating wealth? The Congress just needs to have preferred seating at the trough.