Monday 13th of July 2020 08:04:49 PM GMT

Coal And Oakland Bulk And Oversized Terminal Views Driven By Tom Steyer

Tom SteyerTom Steyer
(Last Updated On: June 19, 2019)

The Oakland Bulk And Oversized Terminal has been an idea in the eye of Oakland business people since 1990.

But even with that, the Oakland Bulk And Oversized Terminal project nicknamed “OBOT” has been the focus of a lot of what’s now called “fake news” since coal investor Tom Steyer worked to shift views about the energy industry to favor his new solar investments, and disfavor traditional sources of energy. (I removed the word “former” because Mr. Steyer’s still an investor in the Maules Creek Coal Mine).

The Giant Impact Of Tom Steyer And Farallon Capital Management

To many, Tom Steyer is a hero. The billionaire former hedge fund manager and current co-founder of Beneficial State Bank gained star speaking status at the recent California Democratic Party Convention.

The fuel that launched Tom Steyer to political star status was the money he gained via his Farallon Capital Management company. Steyer’s contribution of approximately $100 million to Democratic candidates has given the left a financial player to rival the Koch Brothers on the right.

Steyer even invested $500,000 in the Oakland Promise, the non-profit to help Oakland kids attend college that was started by Oakland Mayor Libby Schaaf. The Dally Caller News Blog spotted a controversy, reporting and alleging that Steyer contributed to Schaaf’s Oakland Promise in turn for having the City file a lawsuit against energy companies.

(An aside: this is not an attack on the Oakland Promise, which is the latest form of a concern that the Mayor of Oakland has had over the 32 years I have known her. But to ignore this information about Tom Steyer’s involvement would be like paying no attention to a tornado warning in The South.)

But what’s not understood about Tom Steyer, can be once explained: he’s simply offsetting his investments in coal and traditional energy with those in alternative energy simply as a hedge. In other words, Tom Steyer, the former hedge fund manager, is still acting like a hedge fund manager: he’s essentially betting futures against the companies he put money in.

If you understand, then it comes as no surprise that Mr. Steyer has not completely backed out of investing in heavy industry in the guise of the Maules Creek Coal Mine.

Steyer’s investments have not stopped at traditional and alternative energy: he also invested in a real estate firm that spent millions to buy homes in West Oakland, is alleged to have caused the eviction of many African American families. In other words, Steyer’s also helping to cause Oakland’s gentrification, then appearing to take a position to profit from it.
Tom Steyer’s Money Has Driven The Opposition To The Oakland Bulk And Oversized Terminal

Tom Steyer’s Money has fueled climate change efforts by the Sunlight Foundation, and locally 350 Bay Area, which recently launched a new non-profit called “Youth Vs. Apocalypse”. Recently, Youth Vs. Apocalypse gathered kids as young as 15 to go and march on the Bank of Monaco in San Francisco. According to a source, The Youth Vs. Apocalypse kids were trained by adults to think the Bank was the sole financier of the Oakland Bulk & Oversized Terminal. It’s not, and to present it as such is to cut out the State of California and other public organizations.

The Oakland Bulk And Oversized Terminal Project Was Established To Create Basic Jobs, Export Commodities Overseas

The image “climate” that Tom Steyer’s money built, has many not understanding that, first, the Oakland Bulk And Oversized Terminal Project was part of an overall effort to replace the jobs lost due to the closure of the Oakland Army Base in 1994. Second, the critics of the Oakland Bulk And Oversized Terminal Project have never, not once, advanced their own job-creating development project ideas and plans. Thirds, the critics of the Oakland Bulk And Oversized Terminal Project don’t understand that it’s designed to export commodities.

The song that OBOT project opponents sing is that coal production is on the decline and the coal industry is shrinking. Then, they point to U.S. Government statistics, which describe the American coal industry. The trouble is, the Oakland Bulk And Oversized Terminal Project is designed to safely get commodities like coal and iron ore from American coal mines to buyers representing businesses overseas, primarily in China. In short, the Oakland Bulk And Oversized Terminal Project is designed to export commodities to overseas markets.

In the case of coal, the worldwide demand is expected to continue to increase. In fact, the World Economic Forum reported in 2019 that…

A recent analysis of the global coal industry by the International Energy Agency highlights the growing number of countries adopting climate policy goals that facilitate the move away from coal. But despite growing awareness of the impact of climate change and a number of high-profile divestments away from fossil fuels, global demand for coal remains strong.Following two years of decline, expanding economic growth resulted in coal demand rising by 1% in 2017 and this trend is expected to continue, the report says. Elsewhere in Asia, coal is seen as an affordable and abundant resource and the report forecasts growing demand in Pakistan and Southeast Asian nations like Indonesia, Vietnam, Philippines and Malaysia.

Also, about 15 percent of coal production goes to make steel. It’s estimated that 71 percent of the urbanized World was built with steel, which was produced by using coal to make it. So, even if worldwide coal demand drops by two percent, or from 27 percent of the World’s energy mix to 25 percent, over two years, then in 10 years it will still hold 17 percent of the World’s energy mix. And then, there’s bauxite.

British Guiana Circa 1961

Bauxite Shipping Makes Oakland Bulk And Oversized Terminal Attractive

There’s so much focus on coal that many don’t realize the Oakland Bulk And Oversized Terminal is a commodities handling facility. One of those commodities other than coal is bauxite.

Bauxite Shipping Makes Oakland Bulk And Oversized Terminal Attractive

What is bauxite? Bauxite is…

used in a lot of industries like the chemical industry, refractory, abrasive, cement, steel, and petrol industry amongst others. In chemical, bauxite along with alumina is used in the manufacturing of aluminium chemicals. In refractory, it is used as a raw material for making several products.

The global Bauxite Mining market is projected to grow substantially. It provides another commodity demand area that can be served by ships to and from the Oakland Bulk And Oversized Terminal.

Stay tuned., Oakland News Now, @OaklandNewsNow is by Zennie62Media, Inc. with CEO Zenophon Abraham AKA Zennie62 YouTube Oakland News Now Commentary Vlog YouTube Partner, Oakland California blogger / vlogger Zennie Abraham @ZennieAbraham . Hire @Zennie62Media, Inc to tell your story.

Zennie62Media uses smartphones enabling our 98-blog network, specially-made blogs, website, social media platforms covering politics, news, sports, and tech, @Oaklandcitynews, Oakland City Council, North Oakland, East Oakland, Montclair, Adams Point, Uptown Oakland food culture, BBQ Becky Dr. Jennifer Schulte , Jogger Joe Henry Sintay, Oakland crime news, Bank of America loans, COVID-19 updates, homeless news, SF Bay Area news, Oakland artists, @breakingnewsbayarea, Emeryville, Atlanta news, Chevron Ecuador, Steven Donziger, Fayetteville GA news, @FayettevilleGA Fayette County Georgia, San Francisco news, San Jose news. Also, Academy Awards / The Oscars entertainment,Tom Hanks, Skyline High School, Oakland Sports, Oakland Panthers, Oakland Coliseum, Honda of Oakland, Oakland Arena, Oakland Raiders, Las Vegas Raiders, Las Vegas Stadium Construction, Allegiant Stadium, NBA, NFL, NFL Draft, NFL Combine, CES Las Vegas tech, San Diego Comic Con sci-fi. @GrandLakeTheater @LasVegasHotels, Penny Dreadful City of Angels, Academy of Motion Picture Arts and Sciences

Zennie62Media has content development and online reputation management clients like Insight Terminal Solutions @InsightTerminalSolutions and The Oakland Bulk and Oversized Terminal, with California Capital Investment Group Managing Partner Phillip Phil Tagami @PhilTagami co-developer, @JohnSiegel John Siegel as ITS CEO exposing coal and Oakland fake news. Zennie62 has helped Maria Ayerdi Kaplan @MariaAyerdiKaplan, developer of Salesforce Transit Center in San Francisco, Kofi Bonner, and Flowsent capture the Oakland Cannabis Delivery Dispensary @OaklandCannabis market with fitness model female bodybuilder Laura Ehlen and weedmaps help. We’ve partnered with CoLoursTV, CNN, YouTube, Google, NBC, Vice, Oakland Post / Post News Group, Landis PR, and other media organizations. Competition: The SF Chronicle, Las Vegas Review Journal, East Bay Express, Oakland Tribune, Oakland Voices

Zennie62 interviews celebrities like Lars Frykman, Bill Boyd, Arizona Cardinals QB Kyler Murray, Raiders Owner Mark Davis, Raider Legend Raymond Chester, Brianna Noble, NY Giants Owner John Mara, @SportsTalk Tony Bruno, Sports Agent Leigh Steinberg, Oakland City Charter, Henry Sintay Oakland’s “Jogger Joe”, Cam Newton, NFL Commissioner Roger Goodell, California Governor Gavin Newsom, Tanis Parenteau, Scott Kidd, Actors Richard Dreyfuss, Lou Ferrigno, Lindsey Vonn hot legs, Blake Neely, SDCC’s David Glanzer, Publicist Edward Lozzi. Topics like Oakland Apartment rents, WordPress, CVS Mail Order and Pharmacy, Kaiser Permanente, Rosa’s Home Cooking Restaurant, Oakland Community Kitchens, Lukas Oakland, Maria Alderete, The Studio Cafe, Black Lives Matter, Oakland hangman noose problem, Oakland NFL Football, Rayzin Schnitzer 11th Street Diner Miami, George Floyd Protests, Oakland City Charter, @OaklandCityCouncil, Mountain View, CA, London, England, Moscow, Russia, blacks in tech, Tackett Bartlett LLP @TackettBartlettLLP, Jameis Winston, Pinewood Studios Atlanta, Jeff Miller, Joceyln Moore, Derek Carr, Marcus Mariota, Regina Jackson, Barry Donelan, Yanqing Ye, UC Berkeley, NFL Owners Meeting, NFL Annual Meeting, Eli Lilly Coronavirus COVID-19 vacine, Summit Bank Oakland, Bank of America, Oakland protestors arrested, Juneteenth Rally, Len Raphael, Southern Evangelical Seminary, Richard Land, Mike Hutchinson Oakland, Alison Roessler, Brie Larson, Mayor Of Chicago, Robert F. Smith, coalition for police accountability

Indeed, airbnb, pinterest, credit karma, southwest airlines, mcdonalds, united airlines, drudge report, astros, 49ers, frontier airlines, tractor supply, warriors, alaska airlines, buffalo wild wings, horoscope, shein, raiders, uhaul, ted bundy, nba finals, michaels coupon, cheesecake factory, golden state warriors, kevin durant, realtor com, stephen curry, walgreens photo, drudge, facebook sign in, funny memes, hbo go, hbo now, oakland raiders, vistaprint, braves, san francisco 49ers, monday night football, newegg, travis scott, zion williamson, kohls coupons, lands end, nancy pelosi, kohls coupon, hotwire, kamala harris, harry potter, giants, craigslist sf, california earthquake, boston weather, las vegas weather, sf giants, san francisco weather, san francisco, los angeles weather, lord and taylor, jimmy garoppolo, hawaiian airlines, detective pikachu, clint eastwood, bed bath and beyond coupon, abercrombie, pewdiepie, sfgate, sc lottery, san diego weather, san antonio weather, southwest flights, pikachu, golden state, myatt, just mercy, french open, colourpop, cam newton, anna kendrick, klay thompson, harbor freight coupon, robin williams, portland weather, phoenix weather, north carolina, macbook, how, bath and body works coupon, googleflights, daytona 500, daily horoscope, ashton kutcher, andrew luck, alamo drafthouse, 49ers schedule, trump tweets, thanksgiving,How to, What is, How do I, What do I, Who is? , Electronic Frontier Foundation

Also Pat Abraham Yerger, Patricia Yerger, Oakland Mayor Libby Schaaf @LibbySchaaf, Councilmember Nikki Fortunato Bas, Dan Kalb of District 1, Loren Taylor, Lynette Gibson McElhaney, Sheng Thao, Noel Gallo, Robert Bobb, Rebecca Kaplan, Larry Reid, Tech Entrepreneur Sarah Lacy, Personal Trainer Megan Avalon Buffed Barbie, Social Media Pioneer Marc Canter, SF Mayor London Breed, Scott McKibben, CA Assemblymember Buffy Wicks, Schools Superintendent Tony Thurmond, Berkeley Councilmember Ben Bartlett @BenBartlett, Raiders Charles Woodson, 49ers Jerry Rice, Grand Lake Theater Oakland Owner Allan Michaan, Irvine City Manager John Russo, Guy Fieri, Oakland CAO Edward Reiskin, Raiders Coach Jon Gruden Running Back Josh Jacobs, Stanford HC David Shaw, Tri Ngo, Atlanta Falcons Coach Dan Quinn, Michael Mina, NFL Draft Mr. Irrelevant Head Melanie Fitch, Paul Satala. Subscribe to Zennie Abraham’s @Zennie62 YouTube Channel, today!

About the Author

Zennie Abraham
Zennie Abraham is the CEO of Zennie62Media

Ben Bartlett Berkeley Councilmember Introduces “Safety For All: George Floyd Community Safety Act

Councilmember Ben Bartlett, Coalition App For City Of Berkeley Virtual Town Hall April 22nd, 2020

Oakland News Now Recent Blog Posts