Tag Archives: u.s.

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

Oil & Gas Prices: Exxon Mobil will cut oil production, blames high fuel prices on speculators, blames Republican controlled Congress for too much regulation

Exxon Mobil, the world’s largest corporate producer of oil and natural gas, announced they will cut oil/gas production for 2012 by at least 3%.

This comes as companies like Exxon have said that they have to increase spending of their record setting profits on developing access to new sources of petroleum.

Exxon has already spent tens of billions in the past year, and they’re planning nine projects for 2013, and 12 projects for 2014.

However, it could be that the real reason Exxon Mobil is reducing production is that Iraq is challenging their contracts with the Kurdistan Regional Government.  Iraqi officials say Exxon’s contracts with Iraqi Kurdistan are illegal.  Iraq is taking legal action to kick Exxon out of the huge oil fields in northern Iraq!

Even so, Exxon Mobil’s CEO, Rex Tillerson, said fuel prices are not up because of lack of supply: “On pure supply-demand fundamentals, the markets are well supplied.”

So why are prices going up? Tillerson says “Gasoline prices are up because crude oil is up.”  Really? Duh! But wait, there’s more.  Tillerson also indicated oil prices will continue to go up because of supply issues: “People who are trying to secure those supplies are going to pay what it takes…today with the view that they might not be able to get them later.”

Basically he’s saying that despite plenty of oil already in the supply system, the speculators are driving up prices because they are afraid the oil supply will suddenly stop.

Tillerson explained that it’s not just wars that could stop the oil/gas supply, but over regulation by the Republican controlled U.S. Congress: “Our regulatory process has become so complicated by so many duplicative agencies, by so many mandates from Congress, that now it has become a way to stop things from happening. There are a thousand ways you can be told ‘no’ in this country.”

Oh, and by the way, all those billions of dollars that Exxon Mobil is going to be spending ($185 billion estimated) on those dozen or more projects in the next few years, is expected to increase their production by only 4% to 8% by 2016!!!

 

Fukushima

Global Food Crisis: Increase in number of Fish from Japan testing positive for Radiation Contamination, proof that Fukushima is spewing even more radiation!

“The frequency of radiation detection appears to be rising as two reactors at the Fukushima plant are currently leaking radiation.”-unnamed South Korean official

March 8, 2012, South Korea’s Animal, Plant and Fisheries Quarantine and Inspection Agency says fish from Japan are still contaminated with radiation, almost one year after the March 2011 nuclear disaster.

Korean officials say they’ve detected cesium in 32 recent shipments of fish from Japan.  They say that’s a 50% increase from tests done on 21 prior shipments!

South Korea has been constantly monitoring fish shipments from Japan, ever since the March nuclear disaster at Fukushima Daiichi.  They say radiation levels are still under international “safe” limit guidelines, however, it has increased in the past few months of 2011!

 

Business/Economics, International, U.S.

Global Economic War: China to start using Yuan for International Loans, BRICS will dump the U.S. dollar, Hillary Clinton demands China prove its intentions! The end of U.S. dollar dominance begins March 29!

“We will discuss the creation of structures and mechanisms for lending in local currencies in order to maximize economic and financial transactions between the countries that are members of the accord.”-statement from Brazil’s development bank BNDES

The BRICS are about to lead a new Revolution; no more U.S. dollar!  It’s being spearheaded by the Chinese Development Bank.

BRICS members (Brazil, Russia, India, China and South Africa) are about to institute a new World Lending system that will not require the use of the U.S. dollar!

Reports say the new system will be signed into operation by BRICS members on March 29, 2012.  It will deal in not only the Chinese Yuan, but in local money as well.  Currently most international lending systems require loans to be made in U.S. dollars.  That’s because the major lenders, the IMF and World Bank, are actually run by the United States.

In response (yet not really explained by the main stream U.S. media why Clinton is making such a statement) U.S. Secretary of State, Hillary Clinton, is demanding China explain itself: “Given the historic challenges to security and stability posed by rising powers, they do have a special obligation to demonstrate in concrete ways that they are going to pursue a constructive path.”

Clinton’s statement shows just how paranoid the U.S. government is of China.  But, oh well, surveys show many of the citizens of the U.S. are also paranoid of China!  This new international lending agreement with the BRICS will only prove to the paranoids that they are justified in their fear.

 

 

 

Fukushima

Government Incompetence: Japan finally starts decontamination of roads!

Almost a year after the March 11, 2011, Mega Quake that led up to the nuclear disaster at Fukushima Daiichi, the Japanese government has finally started decontamination of roads around the GE designed disaster reactors!

On March 8, workers began spraying down a road around Naraha Town Hall.  Observers say the radiation levels immediately dropped by 80%!

So why did the government wait so long to do it?  IDK, but probably the real reason why they finally started the decontamination was to stop the exodus of people from that area.  Japanese media reports say the government is hoping their late in coming decontamination efforts will convince people to return to their homes!

Last year, out of desperation several local governments tried to decontaminate on their own, but ran into funding and staffing issues.  They appealed to the national government for help.

 

Fukushima

Japan Modern Day Atlantis round 11: More than 10,000 earthquakes hit Japan in the past year! Japan Islands shift Eastward!

Japan’s Meteorological Agency reporting that in the past 12 months, Japan has been hit with 10,119 earthquakes!

70% are considered aftershocks to the March 11, 2011 Mega Quake.  The agency includes quakes that are weak but can still be felt by humans.

Japan’s Geospatial Information Authority reported that the main islands of Japan have shifted eastward. Yamada Town, in northeastern Iwate Prefecture, moved about 76 centimeters (more than 2 & half feet) to the east.

The scientists say massive crust movements are still taking place, and they warn people to be prepared for more big quakes!

JAPAN MODERN DAY ATLANTIS ROUND 10: NEW MEGA QUAKE PREDICTED FOR TOKYO BAY

 

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

Oil & Gas Prices: Proof the Main Stream Media doesn’t have a clue

The following are headlines from the past 17 hours:

“OIL FUTURES: Crude Near Flat Ahead of Weekly Oil Data”-Fox Business

“Oil Fluctuates Before Report Projected to Show Crude Inventory Increase”-Bloomberg

“Oil Rises above $105 in Europe amid optimism US economy, demand will improve.”-Washington Post

“Oil Falls on Iran talks, economy worries”-Reuters

“Oil Slides to $106 on Global Growth Concerns”-NPR

 

Business/Economics, Technology, U.S.

What Economic Recovery? Mega Rich Oil industry creates piddly amount of new jobs in the United States!

According to the World Economic Forum (WEF), the Oil Industry created few new U.S. jobs in 2011.  Of course that’s not how the main stream media is reporting it.

In 2011 the cash obese oil industry created only 9% of new jobs in the United States! In actual numbers that’s 37,000 jobs.  The WEF claims that those 37,000 oil industry jobs resulted in another 111,000 “indirect” jobs being created.  That’s a drop in the bucket compared to the millions still looking for work!

Now realize that the U.S. oil industry is considered to be “…in the midst of its biggest boom in a generation…”  Wow, and they created only 148,000 direct and indirect jobs in 2011?

International, U.S.

World War 3: Afghans kill 6 U.K. troops, Dozens of Afghans detained for ‘suspicion’ of being Taliban, Afghan border police killed

March 7, 2012, British Ministry of Defense officials say six of their troops were killed in Helmand Province.  The Red Coats were patrolling in their vehicle when they were hit by an explosion.

In Kandahar Province, Afghan border police were hit by a suicide bomber: “There was a motorbike bomb blast against border police in Spin Boldak. Four civilians, one of them a woman, were killed and 10 others were injured.”-local police statement

As is usual in suicide attacks against Afghans, no one is claiming responsibility. One reason could be that it is not “Taliban” insurgents who’re carrying out these attacks, because they are usually quick to claim responsibility in other attacks.

Also, Afghan government officials reported a major operation involving U.S./NATO/ISAF forces: “The Afghan National Police, Afghan army and International Coalition Forces launched 11 joint operations in Nangarhar, Kunduz, Kandahar, Helmand, Wardak, Khost, Ghazni, and Logar provinces over the past 24 hours. As a result of these operations, four armed militants were killed and 31 others were arrested.”-Interior Ministry statement

The overwhelming number of people arrested, were detained simply for being “suspected” of being a militant, or being a “facilitator” for militants (something that can now be done here in the U.S. under NDAA 2012).

 

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

Government Evil: New evidence suggests Libya not involved with Pan Am Lockerbie bombing! Gaddafi was innocent?

“It is now absolutely clear this fragment was not from a timer we delivered to Libya. We told the police in 1999 this was the case but they would not believe us. We lost our company and had to pay a big damages claim.”-Edwin Bollier, former boss of Swiss company Mebo

In 1988, Pan American flight 103 went down over Lockerbie, Scotland, after an explosion.  Libya’s Muammar Gaddafi was blamed for ordering the bombing.

The blame was based on ‘evidence’ from a timer used on the bomb.  Now the Scottish media reporting that new evidence says otherwise!

During the Lockerbie trials, prosecutors claimed the flight 103 bomb used a MST-13 timer, made by a Swiss company called Mebo.  The prosecutors produced documents that showed that Libya bought 20 of the timers.  The Swiss company Mebo went bust as a result of the trial.

Now, almost 24 years later, the former owner of Mebo, Edwin Bollier, says that since at least 1999 there’s been evidence that the timer used in the flight 103 bombing was not one of Mebo’s.

Not only does the evidence open the doors for Bollier to sue the British government, but it casts doubt on the prosecution’s claim that Libya was behind the bombing.

In fact the author, John Ashton, who wrote the biography on the Libyan who was convicted of the bombing (Abdelbaset Ali Mohmed al Megrahi), said the timer could not have been made by Mebo, because of the way it was constructed.

Regarding Megrahi; he never took the witness stand during the trial, and the British government allowed him to come to the U.K. without a passport or other documents.  John Ashton based his book on the never been published 800 page Scottish Criminal Cases Review Commission report.  Ashton got the report after years of legal wrangling.

It looks like another case of the U.S. and U.K. setting events up to justify international murder (war)!