Tag Archives: oil

Business/Economics, Opinion

Ignore the Stock Market, it’s the Commodities Market that hits you in your wallet

The main stream media puts so much effort into reporting what happens in the stock markets.  Why?  Because the main stream media is controlled by big corporations.  Big corporations get investment money from stocks.  Big corporations use the main stream media to control the stock markets.

So you got money in your 401k, so what?  That’s for retirement, if you don’t lose it all in the next crash.  But on a day to day, affect your wallet right now kind of way, the stock markets don’t mean squat.   When you go to buy fuel for your car, or buy food for your family, or clothes, or anything, it’s the commodity markets you should be paying attention to.

Commodities affect every thing you buy; gas, food, household goods, a new car, new clothes.  Every basic resource is traded in the commodities markets; from oil to trees to metal, to all kinds of crops and livestock.  It could be that the main stream media’s focus on the stock markets is just a way of distracting the general public from the market that is really controlling everyday prices (or the main stream media is just ignorant).

Unless your an executive in a big corporation, or a big time stock holder in corporations, you should ignore the stock markets and start paying attention to the Commodities Markets.

Business/Economics, International, U.S.

Former U.S. official supports my earlier posts, saying Libya is about oil & China

In an earlier posting I warned that the Libyan situation could lead to World War 3.  It’s all about not letting China have Libya’s oil.

Former U.S. Treasury official, Dr. Paul Craig Roberts, admitted to Iranian media, that the so called rebellion in Libya was about oil, and not letting China have it: “In my opinion, what this is about is to eliminate China from the Mediterranean. China has extensive energy investments and construction investments in Libya.”

Roberts says the real reason the United States wants Gaddafi out, is because he refused to join the U.S. created United States African Command, which was created to counter China’s influence in the region: “The U.S. is countering this by organizing the United States African Command (USAC), which Qaddafi refused to join. So that’s the second reason for the Americans to want Qaddafi out.”

Roberts says if NATO succeeds in Libya, Syria and then Iran will be next: “If NATO, which is now the cover for the ‘world community,’ succeeds in overthrowing Qaddafi, the next target will be Syria. Iran is a major target because it is an independent state that is not a puppet of the Western colonialists.”

Roberts warned that this could lead to World War 3.  He compared what the U.S. and U.K. did to Japan before World War 2: “In my opinion, what is going on is comparable to what the U.S. and Britain did to Japan in the 1930s. When they cut Japan off from oil, from rubber, from minerals; that was the origin of World War II in the pacific. And now the Americans and the British are doing the same thing to China.”

There is much more to the interview by Press TV

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

BP blames rig owner for Gulf of Mexico oil disaster

British Petroleum is suing Transocean for at least $40 billion in damages.  BP claims the worst offshore oil spill in U.S. history was caused by the failure of every safety system on the Deepwater Horizon rig.

BP is also suing Cameron International, claiming they provided a faulty blowout preventer.

Transocean, and Cameron International are suing BP, saying British Petroleum caused the problems, by making decisions based on cost savings, not safety.

Transocean is also suing Cameron International, and Halliburton, as well.

International

France increasing air strikes in Libya

After announcing that they will send military advisers to train Libyan rebels, France announced they will increase air strikes in Libya.  France is a UN coalition member, but is not a member of NATO.

France was even reluctant to allow NATO to take official control of the coalition forces military actions against Libya.  The latest decision by France, to increase air strikes, is independent of NATO.

The decision was made after rebel leaders met with French officials, and asked for more help.

International, Opinion, U.S.

Obama giving Libyan Rebels $25 million, after giving speech saying the U.S. needs to cut domestic spending

To the people of the United States it’s one slap in the face after another.  Recently President Obama gave a speech saying cuts need to be made to U.S. government spending.  Then he gives $3 million so some students can study in China, and now he’s giving Libyan rebels $25 million in equipment!

On April 20, U.S. Secretary of State Hillary Clinton made the announcement.  Obama is joining with United Kingdom, France and Italy in openly taking sides with Libyan militants, some of who might actually be al-Qaeda, according to military officials, including NATO boss U.S. Admiral James Stavridis.

International, Opinion

France & Italy join the U.K. in sending troops to Libya

Following the British announcement that they will send troops to train Libyan rebels, France and Italy say they will do the same.

The UN coalition members say, officially, they are within UNSCR 1973 because training rebel militants will protect civilians.

It’s interesting that Libyan government troops are being portrayed as non-Libyan, while rebels are being portrayed as the only Libyans.  Don’t forget that even U.S. officials admitted that some rebels could be al-Qaeda.

This is not a rebellion, it is a Civil War.

Business/Economics, International, U.S.

Iran threatens higher oil prices, says “No way will it fall below $100”

“Iran can have an effect on world energy and fuel. Fuel prices will go up dramatically. If sanctions are not removed, particularly sanctions against banks and other economic sanctions, the price of oil will go above $150 a barrel.”-Mahmoud Bahmani, Iran’s central bank

A top U.S. Federal Reserve official said that gasoline prices above $4 a gallon would throw the U.S. economy into another recession.

Iran is the world’s third-leading oil exporter, and thanks to U.S. backed sanctions, has just expanded their own oil refining abilities, now making them an exporter of gasoline as well.

On top of any threats of increased oil prices, Iranian oil Minister Massoud Mir-Kazemi, said factors remain that will ensure that oil prices will continue to go up, regardless of how much oil is pumped out of the ground: “The price of oil depends on two things: First, the fundamentals, including supply and demand, and then the political, psychological and unforeseen elements. Based on these factors, oil prices should increase again by end of the year.”

 


International, Opinion

Coalition/NATO openly violates UNSCR 1973, sending troops to help Libyan Rebels

The United Kingdom (Britain), a member of NATO, and a United Nations coalition member supposedly enforcing UNSCR 1973,  announced they are sending 20 commandos to train Libyan rebels.

UNSCR 1973 states that efforts should be made only to protect civilians.

Recently NATO members (including the United States) announced that their main objective is to get rid of Moammar Gadhafi (Gaddafi), which is also a violation of UNSCR 1973.

The United Kingdom has admitted to sending 1,000 suits of body armor, and satellite phones, to the rebels.  NATO members are also considering sending the rebels electronic counter measure equipment.

The total disregard for UNSCR 1973, by coalition forces, and the lack of condemnation by the United Nations, is proof that any resolution passed by the UN is worthless.

Business/Economics

Destroy U.S. Dollar: Iran getting rich off Gold

“Iran’s gold reserves have hit unprecedented levels and the country has supplied its domestic gold market for the next ten years.”-Mahmoud Bahmani, Governor of the Central Bank of Iran

Iran announced that their gold reserves now stand at 4 million tons, and that’s from just one mine.

The Zarshouran mine is located in the West Azarbaijan province. But don’t let the 4 million figure fool you. For every ton of gold ore, they get only 5.81 grams of gold.  I should say ‘only’, hah, when you think about how much gold is selling for it’s still worth the effort.

The mining and extraction systems are being upgraded at the Zarshouran mine, and they hope to get 3,600kg of gold bullion and more than 1200kg of silver bullion.

 

Technology

Iran diversifying elecrical power generation

Iran isn’t relying on their nuclear plant for providing lots of power. They’ve been developing other forms of power generation.

It includes hydroelectric, steam power and natural gas fired plants. At the end of 2009 they finished a solar powered plant. Now they are going to build more steam powered plants and even wind farms.

The goal is to add another 5,000 mega watts to their system. Officials claim that all the non-nuclear energy programs use 100% domestically produced materials. Gee, isn’t that kinda what President Obama talked about for the United States?