Tag Archives: wall street

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

 

International, U.S.

World War 3: More than one year later people still uprising in U.S. puppet Bahrain, Saudi Arabia killing hundreds, U.S. police chief advising evil government

“We have clear demands: An elected government, a parliament with power, an end to sectarian discrimination, a clear redistribution of wealth and power and all demands guaranteed by the international convention on human rights!”-Nabeel Rajab, Bahrain Center for Human Rights

The people of Bahrain began protesting the extreme minority U.S. puppet government in February 2011.  Since then Saudi Arabia invaded with the help of Kuwait and UAE.

“Thousands of people are marching in the streets, demanding the removal of the regime, police fired tear gas and bird shot, using excessive force, that is why people got hurt.”-Maryam Alkhawaja, Bahrain Center for Human Rights, February 15, 2011

The U.S. Navy’s main port of call in the Persian gulf, is in Bahrain, and the Obama administration welcomed the Saudi led invasion: “The discussions highlighted the importance of the U.S. Saudi partnership rooted in strong historical ties and shared interests.”-statement U.S. Department of State

There was also news that Saudi Arabia was building a base to augment the USN 5th Fleet HQ, in preparations for war with Iran.

Today, March 19, 2012, protesters are shouting “Death to Al Saud! Death to Al Kahlifah!”  Referencing the royal families of Saudi Arabia and Bahrain.

On March 11, 2012, Bahraini officials said they were investigating the deaths of at least 107 protestors.  Observers say the death toll is much higher.

Bahrainis say that at least 3,000 people have been arrested since last year, with hundreds reporting torture, and dozens of women reporting rape.

Bahrainis also reported that the Salafi/Wahab Saudi invaders have destroyed at least 28 Shi’a Mosques.

Ever notice how little information is being reported by western media concerning the uprisings in Bahrain, Yemen and Saudi Arabia?  Yet the Western governments are able to come up with instantaneous number concerning deaths in Syria. As if they literally pulled them out of their asses!

By the way, at least half the number of deaths in Syria, reported by the UN and other pro-U.S. groups, are Syrian military and police personnel. Something the Western media doesn’t point out!

As another example of Western media hypocrisy and ignorance concerning the on going uprising in Bahrain, a recent Wall Street Journal article referred to it as “…Bahrain’s unrest last year…”, as if the uprising was finished!

What’s also been ignored by the Western media is that the Bahraini government arrested, and sentenced to 15 years in prison, at least 20 doctors and medical personnel.  They were charged with being traitors for providing medical help to protestors who were wounded by police and Saudi forces!

On March 10, 2012, the Bahraini government said they would consider reducing sentences of five of the 20 doctors, if it would help start talks between the government and opposition parties.

The thing is they never asked the opposition parties: “We haven’t heard officially from them yet.”-Abduljalil Khalil, Wefaq political party

Several people have been killed by Saudi forces since last week.  Those deaths are being caused by excessive use of tear gas. Some people have died after being hit in the head by tear gas grenades fired from grenade launchers.

But most people are dying after their homes are flooded with tear gas.  That’s right, the Saudi forces are firing tear gas into houses, not just at protestors in the street: “Government forces not only assault unarmed street protesters with tear gas during the day, they also attack innocent women, children, and the elderly with tear gas in their homes at night.“-Physicians for Human Rights

The Bahraini government has made it a crime for doctors to list tear gas as the cause of death: “…authorities also reportedly prohibit doctors from listing tear gas as a cause of death. Instead, coerced doctors have reportedly cited natural or unknown causes of death for some tear gas related casualties.”-Physicians for Human Rights

These changes in reporting causes of death come after a former U.S. police chief started advising the evil government. John Timoney, the controversial former Miami police chief well known for orchestrating brutal crackdowns on protests in Miami and Philadelphia, is now working hand in hand with former Scotland Yard copper, John Yates, advising the Bahraini security forces. 

The latest death involved a 41 year old man who died on March 16, 2012, after his house was flooded with tear gas.  He wasn’t even on the street protesting!

 

Tens of thousands of Bahrainis have been protesting in their capital Manama, since March 10, 2012.  One observer said: “It is the biggest demonstration in the past year. I would say it could be over 100,000!”-Reuters’ photographer

 

 

Influenza

H1N1: Swine flu killing people in India, affordable vaccine shortage, services forced to cut back on care due to lack of money

H1N1 is hitting one Indian city hard & fast, partly due to a shortage of vaccines.  In one week four people have died!  Five are in critical condition.

Pune officials had to destroy their stock of nasal spray vaccines because they had expired.  But there’s no shortage of other forms of more expensive H1N1 vaccines, just a shortage of cash to pay for them!

As of March 18, 2012, 58 people are confirmed infected with H1N1, with 15,000 people being tested for H1N1.  However, to cut costs officials have decided to restrict who gets tested for H1N1: “Only patients down with influenza like symptoms but having associated illnesses like diabetes, hypertension and other chronic illnesses as well as those falling in category A, irrespective of whether they have other co-morbid conditions or not, will be tested for swine flu infection.”-Pravin Shingare, Medical Education and Research (DMER)

On March 17, 2012, Mumbai state health officials called an emergency meeting.  They are trying to figure out the cause of such a sudden, and deadly outburst of H1N1.

So far they’re blaming lack of immunity caused by a new mutant strain of H1N1, and other medical conditions of the patient: “The last outbreak was reported over a year and half ago. The herd immunity people developed after that is on the decline hence people with compromised immunity due to pre-existing morbidities like diabetes, hypertension, cardiac illness, cancer etc are more susceptible.”-Pradeep Awate, state health surveillance officer

They also blame unusually cold weather for India: “The sudden cold wave in February following by the current transition period and difference in diurnal temperatures are favorable conditions for influenza infections like swine flu.”-Pradeep Awate, state health surveillance officer

Influenza

H5N1: Bird flu kills more than 15,000 in Nepal, Hong Kong finds more victims, yet more human cases in Indonesia

Nepal’s Animal Health Directorate reported that bird flu is spreading like wild fire in their country.  So far 15,160 chickens have died on just one farm.

Test results have finally come in, and confirmed it was bird flu. Now officials will begin killing off the rest of the poultry on farms that have had cases of bird flu.

This is devastating to Nepal’s poultry industry, and could result in a food shortage.

In Hong Kong, another wild bird was found dead.  The crow tested positive for H5 avian influenza.  Hong Kong has seen a number of wild birds dying from the virus, normally it’s domesticated poultry.

The wild birds had not been found near poultry farms.  The crow was found in a planter at a gas station.

Indonesia continues to have more human cases.  According to the UN’s World Health Organization, 18 people have become sick, with ten dying in the 2011-2012 flu season.

The latest death was a 24 year old woman who got sick with fever on February 23.  She died on 01 March 2012.  She worked at a poultry farm where chickens were infected.

 

 

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. 

International, U.S.

World War 3: Proof that U.S. forces officially operating in Rogue Mode, detainees placed in prisons known to U.S. forces as torture sites

“They said they would rape me, and one time they took a stick and dipped it into chili powder and threatened to insert the stick into my anus. They tried to pull off my pants. When they did that, I confessed to everything they wanted.”-prisoner at Kandahar prison

“After [the torture] was finished I told them that I only confessed because of the beating. But they responded to that by beating me again. I swear by God and by my children that I am innocent.”-prisoner at Kandahar prison

U.S. forces know prisons use torture because they were told about it in an order in 2011!  However, the Afghan Independent Human Rights Commission has evidence of several cases where people were sent to the torture prisons, after U.S. personnel were ordered to stop such practices, and it looks like U.S. forces also operate their own torture centers!

The United States detains thousands of individuals all across Afghanistan, with the majority held in the Detention Facility in Parwan (DFIP) as well as a number of temporary detention sites, including a secretive U.S. screening facility at Bagram Air Base run by the U.S. Joint Special Operations Command (JSOC).-report titled Torture, Transfers, and Denial of Due Process: The Treatment of Conflict-Related Detainees in Afghanistan

Investigators discovered there are U.S. units that officially operate outside NATO/ISAF command, even though there’s only one commander for Afghan operations: USMC General John Allen.  However there are some U.S. units that are even exempt from General Allen’s authority!

It is important to note that some U.S. forces in Afghanistan operate as a part of Operation Enduring Freedom (OEF), a U.S. led counter-terrorism coalition that is separate from ISAF forces. Known as U.S. Forces Afghanistan (USFOR-A), most of these non-ISAF U.S. forces are special operations forces and also referred to as Combined Forces Special Operations Component Command-Afghanistan (CFSOCC-A). CFSOCC-A forces frequently conduct operations in which individuals are detained. USFOR-A is under the command of General John Allen, who also serves as the commander of ISAF (COM-ISAF). There are also a number of U.S. military units that operate separately from ISAF and USFOR-A forces, and are not under the command of General Allen.-report titled Torture, Transfers, and Denial of Due Process: The Treatment of Conflict-Related Detainees in Afghanistan

Investigators also discovered that prisoners have tried to report the torture, but are punished for doing so: “I have nothing else to say. They will put me somewhere else after I talk to you. They will disappear me.”-prisoner in Herat prison

They even torture children: “We wrote a complaint letter once, but the director found out, and then we got hit very hard with the pipe after that.”-child prisoner Juvenile Corrections Center in Helmand

The latest investigation was conducted between February 2011 and January 2012.  In September 2011, the United Nations said they found evidence of torture at 16 detention centers in Afghanistan.

The latest report also talks about coalition forces and goes into detail about torture run by U.S. supported Afghan prisons.  Torture, Transfers, and Denial of Due Process:The Treatment of Conflict-Related Detainees in Afghanistan

 

Business/Economics, U.S.

Corporate Evil: Proof that there are plenty of skilled laborers in the U.S., Ford just doesn’t want to pay them what they’re worth. Mike Rowe patsie for Corporate America

“….we’re surprised that high unemployment can exist at the same time as a skilled labor shortage.”-Mike Rowe, testimony to Senate Commerce Committee

Don’t be so surprised Mike Rowe.  Your sponsor, Ford, is a prime example of why there is not a skilled labor shortage, only a shortage of skilled laborers who want to get paid less than what they’re worth!

Ford has forced 1,700 skilled employees to take early retirement.  The last day for those employees will be June 1, 2012.

Last autumn Ford announced they were cutting their skilled workforce.  Ford officials said they have too many skilled employees!!!

But wait, Ford isn’t in trouble, in fact they’re planing to hire hundreds of new skilled workers, why?  Because Ford will pay them much less than experienced employees.

An announcement by Ford, and the United Auto Workers union, said the move to push out experienced skilled workers is so Ford can replace them with new hires at half the cost!!!

This is another proof that there are plenty of skilled workers in the United States!  That’s right Mike Rowe, it’s not about any lack of skilled workers, it’s all about paying them less and less!!!

International, U.S.

World War 3: Global March on Al Quds (Jerusalem) includes Asians and non-Muslims

The planned Global March on Al Quds includes people from South East Asia: “The troubles we have in this world now is because nobody stands up for justice.  Everybody is so selfish….Therefore we feel that although Palestine does not affect us directly, it is imperative for every single person who loves peace and justice to stand up…”-Nusrat Howard-Moore, Malaysia

Many people from India have joined the march as well: “We come to support the Palestine issue, as human beings, not Muslim, not Islamist.”-Suresh Khairnar, India

Thousands of demonstrators are hoping to surround Jerusalem on the 36th anniversary of Palestinian Land Day, which is March 30.

International, U.S.

World War 3: U.S. citizen killed in Yemen, anti-U.S. protests rage, foreign teachers being targeted

March 18, 2012, as protest against the U.S. puppet government of Yemen rage on, a U.S. citizen is assassinated.

Witnesses say two men on a motorcycle shot and killed the director of the Swedish Language Center, located in the city of Taez.  The director is a U.S. citizen.

This follows the kidnapping of a teacher from Switzerland on Friday, March 16.

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!