Tag Archives: oil

International

Emergency Press Conference in Libya, NATO and rebel forces killed 1,300 people in past 11 hours

The Libyan government holding emergency press conference.  They say that Tripoli has been under constant attack by rebel and NATO forces for the past 11 straight hours.

They say the hospitals are full of dead and dying.  At least 1,300 residents of Tripoli are dead, another 5,000 are wounded.  Libyan officials say that is far more than what they have in military forces in Tripoli, and it is proof that U.S. led NATO does not care about civilians.

They say their hospitals are now overwhelmed, even the International Red Cross is unable to handle the situation.

The Libyan government warns that if the rebels win then Libya will be turned into another Afghanistan.  The Libyan rebels are made up of tribalists and al-Qaeda, the very thing the United States is fighting in Afghanistan (at least that’s what U.S. officials claim as the reason for being in Afghanistan).

International

End near in Libya? Gaddaffi Sons captured, emabassy in Brazil lowers Libyan flag

Libyan western supported rebels claim they’ve captured two of Muammar Muhammad al-Gaddafi’s sons.  This after days of ground fighting in Tripoli.

There were also rumors that Tunisia offered Gaddafi asylum.  Gaddafi says he will stay in Tripoli “until the end.”

In Brazil, the Libyan embassy lowered the Libyan flag, and raised the flag of the Libyan rebels.

Business/Economics, International

Europe shoots self in foot by imposing oil embargo on Syria

The European Union has banned the importation of oil from Syria.  This is supposed to hurt Syria, but it will only hurt Europe.

90% (some sources say 95%) of the oil that comes from Syria, goes to Europe, so you can see it will only hurt Europe.  Unless this is part of some conspiracy to drive oil prices back up to $100.00 per barrel?

The EU decision was not unanimous, several European countries, like Cyprus, Greece and Italy expressed concerns that the embargo would not hurt the Syrian government.

Business/Economics, International, U.S.

Global Economic War: Iran makes first oil sale not based on U.S. dollar

August 19, the first shipment of Iranian crude oil has been sold on Iran’s Bourse Organization/Kish Commodity Exchange.  500,000 barrels of heavy crude oil were sold.

Iran’s Bourse was created in 2008 for the specific purpose of selling oil using any international currency, other than the U.S. dollar.  Up until now, the Bourse/Kish exchange was selling only oil-derived products, things like plastics and pharmaceutical supplies.

This is the real reason the United States wants to attack Iran, it was the real reason the United States invaded Iraq.  If you remember Saddam Hussein announced that Iraq was no longer going to accept the U.S. dollar for its oil sales. Suddenly the U.S. was claiming that Iraq was connected to the 9/11 attacks, and that they had weapons of mass destruction (all since proven to be lies).

 

 

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

President Obama wants war with Syria, EU leaders want war with Syria, Canada wants war with Syria, it’s all about the oil baby!

“The future of Syria must be determined by its people, but President Bashar al-Assad is standing in their way.  We have consistently said that President Assad must lead a democratic transition or get out of the way.  He has not led.  For the sake of the Syrian people, the time has come for President Assad to step aside.”-President Barack Obama, written statement.

“Our three countries believe that President Assad, who is resorting to brutal military force against his own people and who is responsible for the situation, has lost all legitimacy and can no longer claim to lead the country.”-joint statement from British Prime Minister David Cameron, French President Nicolas Sarkozy and German Chancellor Angela Merkel

“I join with (U.S.) President Obama and other members of the international community in calling on President Assad to vacate his position, relinquish power and step down immediately.”-Stephen Harper, Canadian Prime Minister

Syria is “…a proxy for Iran, a supporter of terror, and a threat to United States interests and our allies in the region.”-Eric Cantor, U.S. House Majority Leader

All these statements were made after President Assad announced an end to the crackdown on the insurgency.  He also invited the United Nations to investigate claims of human rights abuses, however, U.S. officials, and the U.S. media are reporting that some how the UN already conducted an investigation and found Assad guilty.  That was fast!

Major oil pipelines run through Syria, from Iraq and Iran to Turkey, Lebanon and the Mediterranean Sea.  90% of the oil goes to Europe.  Remember, we’re attacking Libya, and the majority of Libyan oil goes to Europe, in fact almost all of Italy’s oil supplies come from Libya.

It’s really starting to look like Europe, with the help of the United States, is trying to save its sorry economic ass by taking direct control of their major suppliers of oil.

International, U.S.

French warmongers: Lower Parliament approves continuing war against Libya

July 12, the lower house of the French Parliament approved an extension to the war against Libya.  The vote was 482 in favor, only 27 against.

The French Senate will vote next.  The war with Libya is costing French taxpayers 1 million Euros per day.

It is a sign of desperation when the leaders of a government throw millions, if not billions in taxpayer money at a war that seems to have no end.  The leaders must think that controlling Libya’s oil is the only option for saving their own economy.

“If NATO loses, the consequences are enormous. There are enormous, trillion dollar  financial consequences for those NATO member countries that are seen as aggressors and invaders here.”-Franklin Lamb, Americans Concerned for Middle East Peace

Business/Economics, International, Technology

Mazda claims new Mazda 2 blows away hybrids in fuel economy

Mazda announced that their latest generation Demio (aka Mazda 2) gets much better fuel economy than hybrids.  That mean no more expensive batteries to replace.

The Demio’s engine has uniquely shaped pistons to increase combustion efficiency, and, it has a computer that will shut off the engine when it’s idling beyond a certain time limit.

The Idling Stop System will automatically start the engine when you’re ready to go.

Mazda’s Chief Executive, Takashi Yamanouchi, says how well the car sells will determine the future of car design for Mazda.  He hopes that all Mazda cars will be produced with similar technology within five years.  No word on if the new gas saving Demio (Mazda 2) will be sold in the United States.

International

France admits to violating UN resolutions, arming rebels in Libya

French military spokesman, Colonel Thierry Burkhard, admits France is violating the UN resolutions by arming Libyan rebels.  He says they’ve been airdropping weapons to the rebels.

In 2009 Nicolas Sarkozy made France a member of the U.S. led North Atlantic Treaty Organization (NATO).  Four decades ago Charles de Gaulle pulled France out of NATO, citing sovereignty issues.

UN resolution 1973 allows NATO “to take all necessary measures, notwithstanding paragraph 9 of resolution 1970 (2011), to protect civilians and civilian-populated areas under threat of attack in the Libyan Arab Jamahiriya.” Paragraph 9 of UN resolution 1970 imposed an arms embargo on the Libya.  Therefore France has violated both UN resolutions.

There are also reports that France supplied rebels with tanks.

Business/Economics, International, U.S.

Obama’s order to release U.S. oil reserves is BS, 27 other countries to release oil reserves is also BS, blame war on Libya

All indicators are that global demand for oil is going down, despite the oil “experts” continuing to say it’s going up.  The fact that oil and gas prices are going down is proof of the decrease in demand.  One study says oil should be at $70.00, based on actual consumer demand.

Yet President Barack Obama, and 27 other members of the International Energy Agency, are ordering the release of their respective strategic oil reserves.

The official reason the Obama administration gives, is to ease the supply problems with oil from Libya.  First off, the U.S. is a minor user of oil from Libya, secondly the U.S. is partly to blame for the oil supply problems in Libya!

The U.S. uses about 1% of oil produced in Libya, according to a USA Today report.  The U.S. has been supporting rebels who destroyed Chinese run oil fields in Libya, according to the Chinese government.

As I’m writing this U.S. crude oil prices are at $91.00 per barrel.  Why release U.S. oil reserves now, and not back when it was more than $100.00 per barrel?

Here something interesting; the U.S. Department of Energy reports that the strategic oil reserves are at record highs, 727 million barrels to be exact.  Why would that be? Because demand is down?

The IEA (not to be confused with the United Nations IAEA) is made up of 28 oil consuming countries, including the United States.  The decision of the IEA to release 60 million barrels of oil reserves, is to benefit the countries that get most of their oil from Libya, ie Europe.  One report showed that almost all of Italy’s oil comes from Libya.

In other words, Obama’s decision to release U.S. strategic oil reserves is for the benefit of the Europeans, not the United States!

It is also totally because of the U.S. supported European war on Libya, the aggressors (U.S. and Europe) brought it upon themselves.

 

 

 

International, U.S.

Pentagon commits biggest theft in history, Iraq says the U.S. stole $17 billion, U.S. investigators back up Iraq

“All indications are that the institutions of the United States of America committed financial corruption by stealing the money of the Iraqi people, which was allocated to develop Iraq, (and) that it was about $17 billion.”-Iraq letter to United Nations

Remember when the Bush Jr administration said they were taking Iraqi oil funds so they could be used to rebuild Iraq?  Never happened, now Iraq wants their money.

Even U.S. investigators say the Iraqis are owed billions. Special Inspector General for Iraqi Reconstruction, Stuart Bowen, says the Pentagon is to blame, and calls it “…the largest theft of funds in national history.”

This comes after Kalifornia’s (sic) idiot Congressman Dana Rohrabacher demanded that Iraq pay for being invaded and occupied by the United States.   The Kalifornian described the U.S. invasion of Iraq as a sign that we care about Iraqis: “We were hoping that there would be a consideration of a payback because the United States right now is in close to a very serious economic crisis and we could certainly use some people to care about our situation as we have cared about theirs.”-Dana Rohrabacher

Unfortunately for the Iraqis, the clever Bush Jr administration got the UN Security Council to make it almost impossible for Iraq to sue the U.S.  The money went to the Coalition Provisional Authority to fund reconstruction and pay Iraqi government employees. The CPA was headed by Paul Bremer.  So far no one has been able to show what really happened to the Iraqi oil money.