Category Archives: Technology

Business/Economics, International, Technology, U.S.

Oil & Gas Prices: U.S. oil sanctions have actually increased Iranian oil sales! Saudi oil sales increase! Algeria oil increase! Ecuador oil increase! Iraq planning to avoid Strait of Hormuz

According to the Joint Organization Data Initiative (JODI), Iranian oil sales have gone up since the United States started their sanctions games last year!

In January 2012, Iran exported 2.265 million barrels per day. The highest since December 2008!

Of course part of the increase is from customers stocking up now, ’cause they’re afraid the Iranian oil supply will end due to new sanctions and a possible war (again, no thanks to the United States, European Union and Israel).

Those same sanctions, and threats of war, have also increased Saudi Arabian oil sales to the United States.  U.S. officials managed to get Saudi officials to change their minds about not increasing oil production, at a recent IEF meeting.

Canadian media reporting that Saudi oil exports to the U.S. have already increased by 25%.

Algeria and Ecuador have also increased oil production.  Algeria by 18%, Ecuador by 41%!

All this comes at a time when oil industry leaders say there is plenty of oil in the system. It could be a sign of stockpiling before the Third World War gets going full throttle.

Iraq is preparing by planning oil shipment routes that will avoid the Strait of Hormuz. They plan to build new pipelines to Turkey: “Short and mid-term plans will be through boosting crude pumping and upgrading export capacity via Ceyhan port in Turkey. Also to increase the number of trucks that are shipping crude.”-Iraqi government statement

 

Business/Economics, Idaho, International, Technology, U.S.

Idaho’s Hoku Materials better get its rear in gear, Customers who have prepaid are getting impatient could go elsewhere

“For Hoku and its majority shareholder Tianwei New Energy Holdings, things cannot be worse.”-Rober Dydo, CEO of Solar PV Investor

March 18, 2012, customers who have pre-paid for Hoku’s polysilicon are getting restless.  One buyer, Jinko Solar, has already reduced their original purchase contract of ten years down to eight.  And there’s rumors they want to reduce it even more.

Hoku also owes two other buyers, Hanwha Solar One and Solargiga.  In total the three customers already paid Hoku $140 million!

To make matters worse, Jinko Solar is the only Chinese customer that is not in trouble financially.  This means that Hanwha Solar One, and Solargiga, are more likely to cancel their contracts all together.

To top everything, Hoku Materials, in Pocatello, Idaho, is still not ready for production and the delays are only costing more money: “The current estimate for the cost of facility is now $600 million to complete Phase I of 2,500 metric ton (MT) of capacity. Phase II with the complete capacity of 4,000 MT will cost another $100 million to complete. All told the $700 million dollar price tag is 70.7% more than its previous estimate…“-Michael Lofing, CPA and market analyst

IDAHO’S HOKU MATERIALS LOSES $28 MILLION, BLAMES IDAHO POWER. 

Business/Economics, Technology, U.S.

Government Evil & Corporate Welfare: Republican controled Congress gives Oil Industry $4 billion in taxpayer subsidies

How would you like to own a business that’s making money hand over fist, and get paid by the government on top of that?  The Oil Industry is!

People are literally going hungry in the United States, and Republican controlled congress keeps cutting welfare for the poor, yet the Oil Industry gets 4 billion of your tax dollars every year!!!

“…the United States government provide a heavy public subsidy to petroleum companies, with major tax breaks at virtually every stage of oil exploration and extraction, including for the costs of oil field leases and drilling equipment.“-WikiPedia

Now realize the Oil Industry has been reporting record profits for the past few years.  Recently Exxon Mobil CEO, Rex Tillerson, said his company is spending billions to extract new sources of oil.  But wait, if the U.S. taxpayer paid subsidy is supposed to cover those costs, then who’s money is really going where?

On top of the $4 billion taxpayer subsidy, here are a few more tax breaks for the Oil Industry, and its investors:

Enhanced oil recovery credit. Covers the costs to “enhance” a well’s oil or natural gas production.

Non conventional source fuel credit. Tax credit for production of “qualified” fuels such as oil shale, tight formation gas, and certain synthetic fuels produced from coal.

Lease Operating Expense. Covers the day to day costs involved with the operation of a well, and re-entry, or re-work, of an existing producing well.

Intangible Drilling Costs. Labor, drilling rig time, drilling fluids etc.

Intangible Completion Costs. Labor, completion materials, completion rig time, fluids etc.

Depletion Allowance. Investors in a producing well are allowed to shelter some of the gross income derived from the sale of that oil/gas.  Generally 15% of the well’s annual production can be sheltered from income tax.

So don’t feel sorry for the A-holes!

International, Technology, U.S.

World War 3: U.S. citizen, posing as travel agent, caught illegally mapping Chinese cities which just happen to be near military bases

The Xinjiang Bureau of Surveying and Mapping has revealed that they detained a U.S. citizen after he was caught using two GPS devices to map out cities in the Xinjiang Uygur autonomous region.

The detention happened back on January 31, 2012.  Chinese officials say he collected and stored over 90,000 geographic coordinates using his GPS receivers.

Officials with Xinjiang Bureau of Surveying and Mapping were tipped off in August 2011, after several people told them they had spotted a U.S. citizen using GPSs around a local military base.

China’s National Administration Bureau of Surveying and Mapping confirmed the man did not have permission to do any GPS mapping of China.  The U.S. citizen claimed he was establishing routes for tourists from the United States!

 

 

Technology, U.S.

United Police States of America: CIA will spy on you through your TV, radio, computer, etc

“Items of interest will be located, identified, monitored, and remotely controlled through technologies such as radio frequency identification, sensor networks, tiny embedded servers, and energy harvesters, all connected to the next generation internet using abundant, low cost, and high power computing. The latter now going to cloud computing, in many areas greater and greater supercomputing, and, ultimately, heading to quantum computing.”-David Petraeus, CIA boss, statement made at meeting of In-Q-Tel, the CIA’s venture capital firm

Technology, U.S.

United Police States of America: Utah National Guard base to become site of largest personal data center in the U.S. You are the target!

Photo via National Security Agency, 28DEC2011.

This is a 2011 photo of the  National Security Agency’s $340-million Gordon Regional Security Operations Center at Fort Gordon, Georgia, and it wasn’t big enough so they’re building a bigger one in Utah.

“this is more than just a data center….Everybody’s a target; everybody with communication is a target.”-unnamed intelligence official

Camp Williams is expanding by 240 acres to become Utah Data Complex, run by the National Security Agency. It will be the biggest ever, and should be completed by 2013.

The center will not only spy on, and collect, domestic emails and phone calls, but even what you buy!

The domestic spy center is costing taxpayers $2 billion to build.

Business/Economics, International, Technology, U.S.

Whistleblower & Wikileaks founder Julian Assange running for Australian Senate, hosts Russian TV show

Despite being under house arrest in United Kingdom, Assange is getting a new TV show, and running for political office in Australia.

Assange is scheduled to host The World of Tomorrow for RT (Russia Today): “Assange to record TV series for RT while under house arrest – I am sure it will be an amazing show!” -Margarita Simonyan, RT editor in chief

Assange is also running for a seat in Australia’s Upper House.  Wikileaks is also sponsoring a candidate to challenge Prime Minister Julia Gillard.

 

 

Business/Economics, International, Technology, U.S.

Government Lies: U.S. allows farm Corporations to contiue business with Iran, oil contractors as well. Proof the U.S. sanctions against Iran are bogus, and possibly illegal under current U.S. law created by Republicans!

“If they need something really quick and reliable, the U.S. is there to do it.”-unnamed U.S. wheat trader

It’s been revealed that despite U.S. economic sanctions against Iran, U.S. agricultural giants Cargill and Bunge will sell about 220,000 tons of U.S. wheat to Iran, by April.

Not only that, but Iran is paying more than the going Market rate for wheat, as much as $30 per metric ton more!

So what happened to the U.S. economic sanctions against Iran?  Turns out money does talk, and U.S. officials are willing to turn a blind eye to big Iranian money being spent on U.S. industries: “They seem to be taking hundreds of thousands of tonnes a week. If that’s the case and we repeat 2008, if they buy seven million tonnes of wheat, this is going to be a huge deal for the [U.S.] market.“-another unnamed U.S. wheat trader

This could also be proof that there is no economic recovery taking place inside the United States, forcing officials to go back on threats against Iran.

It’s not just the agriculture industry, even U.S. medical industries and oil contractors, and even Mars candy bar corporation, are allowed to continue business with Iran.  Guess why?  A U.S. law created by Republicans, under the influence of Corporate America, in 2000, allows dozens of U.S. industries to be exempt from any future sanctions against Iran!!!

According to a December 2010 New York Times article, the U.S. government, under Republican President George Bush Jr, enacted a law in the year 2000 that allowed U.S. companies to not only do business with “terrorist” “rogue” states such as Iran and North Korea,  but to be exempt from future sanctions!

Even Democrats complained about the Republican created law: “It’s not a bad thing to grant exceptions if it represents a conscious policy decision to give countries an incentive. But when you create loopholes like this that you can drive a Mack truck through, you are giving countries something for nothing, and they just laugh in their teeth. I think there have been abuses.”-Stuart Eizenstat, former Bill Clinton administration

International, Technology, U.S.

Government Paranoia & Lies: U.S. & Japan freaking out about North Korean satellite launch, U.S. threatening to back out of food aid deal

North Korea has submitted all required documents to the International Civil Aviation Organization and the International Maritime Organization as part of its preparation for an April communications satellite launch.  This is in keeping with international regulations.

Yet officials with the United States and Japan are literally freaking out!  U.S. officials are deliberately misleading the media by calling the satellite a “missile”!

“Such a missile [what missile?] launch would pose a threat to regional security and would also be inconsistent with North Korea’s recent undertaking to refrain from long range missile launches.”-says ignoramus Victoria Nuland, U.S. State Department

Here’s the thing, North Korea agreed to halt testing of missile weapons.  They did not agree to stop communications satellite launching.

Here’s what an ignorant professor said: “Why did they make a deal if two weeks later they’re going to scuttle it, without even getting anything out of it?  This doesn’t make sense in the standard North Korean playbook.”-John Delury, Yonsei University

Because, moron, North Korean officials didn’t see anything wrong with a communications satellite launch, as it is not a weaponized “missile”!

Even the Japanese are freaking out, they plan to move Patriot missiles into position to shoot down the communication satellite!

By the way, North Korea launched satellites in 1998 and 2009.  Why the uproar now?  Is this just a convenient way for the U.S. to back out of it’s promise?  Remember what the Taliban said about the U.S.: “…they turned their backs on their promises and started initiating baseless propaganda…” -Taliban statement, March 14, 2012

Business/Economics, International, Technology, U.S.

Proof that Gas-Electric Hybrid cars are a sham! Honda settles California lawsuit for as much as $461 million

“It didn’t work. My mileage actually went down.”-Jack Shrader Jr, owner of 2006 Honda Civic Hybrid

I always knew those electric and gas-electric cars were a rip off.

In California thousands of owners of hybrid Honda Civics sued Honda because the cars got no better, or even worse, fuel mileage than a regular gas powered Civic!  The batteries also had to be recharged far sooner than advertised!

On March16, 2012, a San Diego Superior Court judge approved a settlement that’s estimated to range between $87.5 million and $461.3 million.

One hybrid owner said that her car was fine until Honda did a mandatory software update: “Now my car is so sluggish. It just doesn’t want to go sometimes and you never know when. I’m livid. It’s not really a reliable car. It should be, I paid a fortune for it!”-Kathy Wood, owner 2007 Honda Civic Hybrid

But wait there’s more!  This settlement is in regards to a class action lawsuit.  There are hundreds more individual cases against Honda!