Search Blog Posts

Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Monday, February 23, 2015

Israeli Flag Flies in Texas

How can an elected US representative sworn by oath to support and defend our Constitution still purvey allegiance to another? She's what they're calling a "conservative Republican" these days. Many would regard her as a traitor and counterfeit Christian. You decide.

February 23, 2015   AFP  
By Trevor LaBonte —

AUSTIN, Texas—“Blessed are you, Lord God, Creator of the Universe. You have supplied us all that we need for life and productivity. I pray that you will bless Israel, especially in oil productivity. Father, I ask that you will lead the engineers to find the riches of the world hidden deep beneath the surface of the Earth. May all those involved have ears to hear your voice as you lead them to the vast oil fields in Israel. 

In Jesus name I pray, amen.” So go the words of Texas state representative and “Christian Zionist” Molly Suzanne White, on the Zion Oil and Gas Facebook page in 2014.

Why did Representative White feel the need to ask God to bless an Israeli company? According to financial disclosure reports, she is also an investor in the Israeli company. This is the same Texas state representative who was recently caught up in considerable controversy when she decided to place an Israeli flag on the reception desk in the entrance of her state office.

“Today is Texas Muslim Capital day [sic] in Austin,” White explained in a statement on the Internet. “The House is in recess until Monday. Most members including myself are back in district. I did leave an Israeli flag on the reception desk in my office with instructions to staff to ask representatives from the Muslim community to renounce Islamic terrorist groups and publicly announce allegiance to America and our laws. We will see how long they stay in my office.”

Whatever one may think about Islam, White’s ridiculous demonstration shows she understands little of what is going on in the Mideast.

White wants everyone to accept United States law, so why not place a Texas flag on her desk? Or simply Old Glory?

Her obvious political and financial ties with the illegitimate, border-less, constitution-less, usurping Zionist entity more than call into question her own commitment to America and Texas.

Her explanation was that she wants Muslims to apologize for terrorism, even though considerable evidence proves that Israel, not Muslims, was behind the September 11 attacks in New York and Washington. Osama bin Laden was never charged with the attack officially because the Federal Bureau of Investigation could not produce evidence that he had anything to do with it.

In addition, this newspaper has been reporting that other Islamic terrorist groups such as al Qaeda, Jahbat al Nusra and Islamic State have been armed, funded and trained by the Israelis and their proxies. Their mission has been to terrorize and weaken the region to make way for the “Greater Israel” project, which allows Israel to completely absorb Palestine and spread beyond its current borders into Egypt and Jordan.

Representative White is clearly playing along with the Jewish state’s propaganda, but she faced an intense firestorm of criticism by outraged Americans who are aware of Israel’s many deceptions.

And while White would like to blame all terrorism on Muslims, she neglects to mention the long history of bloody terrorist acts carried out by Israel over the last century, including Israel’s long history of treacherous false-flag operations blamed on Muslims. These include the King David Hotel Bombing, the “Lavon Affair,” the June 8, 1967 USS Liberty attack and, of course, 9-11.

This reporter reached out Representative White’s office as well Texas Governor Greg Abbott for a statement. After repeated attempts to contact them, neither could be bothered to respond.

Trevor LaBonte is a writer and musician who lives in Austin, Texas. 

Posted in: National News

Wednesday, February 11, 2015

FedGov Agents Violate US & State Constitutions, again - by Snooping, Harassing Residents of Three States

We are certainly not one to be tolerant of anti-American radicals agitating violence or terrorist acts regardless of their political philosophies.

But, the threat we see here is the unlawful trampling of our Constitution by federal law enforcement of a state's sovereignty. The elected state representatives of these three-named states, Washington, Idaho, or Oregon with their inaction violate their own sworn oaths of office. In fact, why also have the duty-obligated county sheriffs not expelled or arrested these trespassing federal agents?

To us, it is a greater threat to our rule of law whereby our law enforcement entities respond as commanded by their corporate sponsors, and not to their voters' rights to protection of rights and property. Let them tell us. We need to know.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anti-oil sands activists in the U.S. are getting visits from the FBI


Unexpected visitors have been dropping in on anti-oil activists in the United States — knocking on doors, calling, texting, contacting family members.

The visitors are federal agents.

Opponents of Canadian oil say they’ve been contacted by FBI investigators in several states following their involvement in protests that delayed northbound shipments of equipment to Canada’s oilsands.


A lawyer working with the protesters says he’s personally aware of a dozen people having been contacted in the northwestern U.S. and says the actual number is probably higher.

Larry Hildes says it’s been happening the last few months in Washington State, Oregon and Idaho. He says one person got a visit at work, after having already refused to answer questions.

“They appear to be interested in actions around the tarsands and the Keystone XL pipeline,” Hildes said in an interview.

“It’s always the same line: ‘We’re not doing criminal investigations, you’re not accused of any crime. But we’re trying to learn more about the movement.“’

He’s advised activists not to talk — and they mostly haven’t. That lack of communication has made it a little complicated to figure out what, exactly, the FBI is looking for.

The bureau hasn’t offered too many clues.

One agent left his name, number, and the following message in a voicemail for Helen Yost of the group Wild Idaho Rising Tide: “I work with the FBI. Could you give me a call back — I would appreciate it.”

Is anti-oilsands activity an actual focus of the FBI investigation, or is it merely incidental? The bureau won’t say.

What it will say is that it only investigates potential crimes, not political movements.

“The FBI has the authority to conduct an investigation when it has reasonable grounds to believe that an individual has engaged in criminal activity or is planning to do so,” said FBI spokeswoman Ayn Dietrich.

“This authority is based on the illegal activity, not on the individual’s political views.”

But activists say oil sands opposition appears to be the common thread among people being contacted. Police have been in touch with people from different groups, who in some cases don’t agree on much, but one thing they share is mutual participation in the so-called megaload protests.

Those are the intermittent highway blockades set up the last few years to complicate the enormous, football-field-sized shipments of processing equipment up to the oilsands.

Yost said only two people from her group participated in that anti-oil sands action — and those are the people who’ve been contacted by the FBI. She has refused to co-operate.

The other person, Herb Goodwin, was visited at home by an FBI agent and a veteran detective from the local police force in Bellingham, Wash. He said the federal agent told him: “We’re here to ask whether you’ll answer some questions for us about Deep Green Resistance.”

That group, DGR, calls itself a radical environmental movement that believes the biggest problem with the planet is human civilization itself. It proposes a shift back from agriculture to a hunter-gatherer horticultural lifestyle.

It also proposes a four-step program called decisive ecological warfare, a long-term plan calling for the sabotage and dismantling of planet-harming infrastructure.

The group has repeatedly stated that it wouldn’t participate itself in any such actions. But Lierre Keith, one of its founders, laid out the plan in a speech last year at an environmental conference at the University of Oregon.
“I would vastly prefer to wage this struggle non-violently,” Keith said. “But my blogging will not bring forth the necessary numbers. So given a realistic assessment of what we actually have, the only viable strategy left that I can see is direct attacks against infrastructure. In the plainest terms, we need to stop them.”

There was some controversy about inviting her to the conference. Other groups wanted her event cancelled because of her views on transgender people — Keith dismisses the notion that a sex change can undo someone’s gender perspective.

Hildes said the FBI tried asking people about that Oregon speech. Since Yost’s group was among those voicing opposition to DGR, she believes the FBI might be trying to sow division in the movement.

The Canadian government said it wasn’t involved in any U.S. law-enforcement effort. A spokesman said it was aware of the megaload protests, but hadn’t discussed them with any American agency.

Goodwin said he won’t stop protesting. He’s among the nearly 100,000 people who have signed a pledge to engage in civil disobedience, should the Obama administration approve the Keystone XL pipeline.

He called it a life mission to help thwart the development of the oilsands in Canada and the Bakken fields in the U.S. “If we don’t stop that stuff we’re never going to convert to alternative energies that don’t pollute the atmosphere,” he said.

via theglobeandmail

Tuesday, February 10, 2015

Gold Oil Ratio By Thomas Chaize

English
Français
Español
Italiano
Deutsche
Portugueses



Gold oil ratio
 
The gold oil ratio corresponds to the price of the ounce of gold in dollars (31.103 grams) divided by the oil price in dollars (159 liters). For my calculations, I use the gold price, London listing, and oil, WTI Cushing Oklahoma, in a given month since 1986.

For example, in December 2014, the price of the ounce of gold was 1202.29 US dollars and the oil barrel price was 59.29  US dollars thus the gold oil ratio was 1,202.29 / 59.29 = 20.27.

This ratio exhibits a decreasing trend as shown by the two red lines (high and low bounds) on the graph below.

In 1986, you needed 15 to 30 barrels of oil to buy one ounce of gold whereas in 2009, 7 to 25 are sufficient.
Interestingly when this ratio is near the top red lines (high bound), it is usually the signal for the end of the oil price fall.



  • 1 July 1986, ratio 30, low point in oil prices in June 1986 to 13.4 dollars per barrel.
  • 2 October 1988, ratio 29.5, low point in oil prices in August 1988 to 15.5 dollars per barrel.
  • 3 December 1993, ratio 27, low point in oil prices in November 1993 to 16.6 dollars per barrel.
  • 4December 1998, ratio 26, low point in oil prices in November 1998 to 13 dollars per barrel.
  • 5 December 2001, ratio 14.4, lowest point in oil prices in November 2001 to 19.6 dollars per barrel (not a high peak).
  • 6 January 2007, ratio 11.8, lowest point in oil prices in January 2007 to 54.5 dollars per barrel (not a high peak).
  • 7 February 2009, ratio 24.13, lowest in oil prices in January 2009 to 39 dollars per barrel.
  • 8 January 2015, ratio 26.3, this is the first time in 29 years that the ratio is out of bounds. It corresponds to the ratio observed in the 80s and 90s.

  • The cycles of the XOI index and the gold oil ratio indicate that oil price is in a low area. We know that on the long term oil price is expected to increase  (peak production, increase in the marginal cost and growth of the world population).
    We also know that we are in a depression, we will go up, the question is when? Today, in one month, 12 months, 24 months?

    Difficult to answer, it will depend on the speed at which the offer is destroyed.
    Currently, large companies reduce exploration expenditures, the deep offshore is in the closet, risky drillings are cancelled, rigs in operation decrease in the USA, juniors can no longer finance themselves ... One only needs bankruptcies and takeovers for the panorama to be completed.

    Dr Thomas Chaize

    Note : In the recent years, the oil production of the largest companies has decreased, while investments increased considerably. Today they are decreasing their investment...


    Dr Thomas Chaize
    www.dani2989.com

    Thursday, December 25, 2014

    Grandmaster Putin’s Trap

    Thu, Dec 25, 2014
    By Dmitry KALINICHENKO (Russia)

    Grandmaster Putin’s TrapAccusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.

    Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions.

    Often Western media compares this ability with the ability of a grandmaster, conducting a public chess simul. Recent developments in US economy and the West in general allow us to conclude that in this part of the assessment of Putin’s personality Western media are absolutely right.

    Despite numerous success reports in the style of Fox News and CNN, today, Western economy, led by the United States is in Putin’s trap, the way out of which no one in the West can see or find. And the more the West is trying to escape from this trap, the more stuck it becomes.

    What is the truly tragic predicament of the West and the United States, in which they find themselves? And why all the Western media and leading Western economists are silent about this, as a well guarded military secret? Let’s try to understand the essence of current economic events, in the context of the economy, setting aside the factors of morality, ethics and geopolitics.

    Development of crude oil prices.
    After realizing its failure in Ukraine, the West, led by the US set out to destroy Russian economy by lowering oil prices, and accordingly gas prices as the main budget sources of export revenue in Russia and the main sources of replenishment of Russian gold reserves. It should be noted that the main failure of the West in Ukraine is not military or political. But in the actual refusal of Putin to fund the Western project of Ukraine at the expense of the budget of Russian Federation. What makes this Western project not viable in the near and inevitable future.

    Last time under president Reagan, such actions of the West’s lowering of oil prices led to ‘success’ and the collapse of USSR. But history does not repeat itself all the time. This time things are different for the West. Putin’s response to the West resembles both chess and judo, when the strength used by the enemy is used against him, but with minimal costs to the strength and resources of the defender. Putin’s real policies are not public. 

    Therefore, Putin’s policy largely has always focused not so much on effect, but on efficiency.
    Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.

    No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.

    Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!

    To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the Russia coming from the sale of oil and gas over the same period.

    goldMoreover, in the third quarter the purchases by Russia of physical gold are at all-time high record levels. In the third quarter of this year, Russia had purchased an incredible amount of gold in the amount of 55 tons. It’s more than all the central banks of all countries of the world combined (according to official data)!

    In total, the central banks of all countries of the world have purchased 93 tons of the precious metal in the third quarter of 2014. It was the 15th consecutive quarter of net purchases of gold by Central banks. Of the 93 tonnes of gold purchases by central banks around the world during this period, the staggering volume of purchases – of 55 tons – belongs to Russia.

    Not so long ago, British scientists have successfully come to the same conclusion, as was published in the Conclusion of the U.S. Geological survey a few years ago. Namely: Europe will not be able to survive without energy supply from Russia. Translated from English to any other language in the world it means: “The world will not be able to survive if oil and gas from Russia is subtracted from the global balance of energy supply”.

    Continue reading


    Tuesday, August 12, 2014

    OBAMA'S IRAQ AND THE THREAT TO WORLD OIL

    ISIS militants are selling oil from their conquered territories, further fueling tensions in the region. This has caused uncertainty on the world market, but could also lead to a drop in global oil prices.Source: ISIS, oil and war

    Submitted by Andrew McKillop, 12Aug2014

    Oil and Humanitarian War

    Portraying American intervention in Iraq as a purely humanitarian effort, president Obama is following the same script he read in March 2011 for Libya, when he justified American intervention as an effort to prevent a civilian massacre in Benghazi. In 2011 he addressed the American nation and said the US was acting militarily, without “boots on the ground”, as a response to “brutal repression and a looming humanitarian crisis.”

    Obama was much too polite to mention oil at the time, and again today when it concerns Iraq. Libya in 2011 was the world’s sixteenth-largest world producer and was supplying about 19.5% of all European oil imports at the time, but since 2012 the oil production of Libya is much lower and very erratic.

    Toppling the regime of Muammar Qaddafi was seen by Obama's advisors and Secretary of State Hillary Clinton as easier than toppling Saddam Hussein of Iraq. But as in Iraq in 2003, US strategists claimed that they would open a gateway to more and further oil supplies from Libya.

    Iraq today supplies almost exactly twice as much oil to world importers as Libya did in 2011 - but no longer does. Depending on he state of sectarian fighting in Libya, oil exports by Libya can be practically zero. Now that Obama has moved “on and up” to Iraq he has seriously raised the stakes. Taking Iraq out of the world oil export “supply loop” would almost certainly cause enough supply shortage that oil prices would “bounce” out of their current downward trend below the “magic three-digit” price in US dollars per barrel, of $100.

    Is this the real US strategy?

    When Libya fell apart and descended into chaos, and its oil production plunged from 2012, this did nothing to bounce oil prices upwards. This was because of ultra-basic reasons of supply and demand – world oil markets were more than amply supplied and the loss of Libya had no impact. Doubling the stakes in Iraq, however, can achieve the goal of a $150-per-barrel “sticker price”, if very high-priced oil, which will be very bad for the global economy, is the real goal.
     
    Libya Times Two or Times Five?

    ISIS to date has captured around $1.25 billion worth of American supplied military equipment according to Turkish media including 'Daily Sabah', most spectacularly in June when the IA-Iraqi Army threw off their uniforms and ran on the approach of ISIS to Mosul. ISIS was far fewer in numbers (below 10,000) and far less equipped than the IA around Mosul at that time but this is certainly not the case today.

    Although ISIS has a probably low number of captured Middle Eastern versions of US M1 Abrams tanks, built in Egypt, it has larger numbers of Russian T-55s and T-72s captured in Syria, and at least 350 – 1500  US Bradleys, Humvees and other armored cars, a few military helicopters, some Manpads anti-aircraft missiles, at least 50 - 100 field howitzers, multiple rocket launchers and large numbers of anti-tank RPGs. It also has very large stocks of ammunition and other military supplies including night fighting equipment. ISIS also probably obtained a large part of the estimated $425 million of deposits held in Mosul banks when it took the city in June, and may be able to use this to buy weapons.

    No reliable estimate exists of actual field numbers of ISIS fighters today, but they are growing. Controlling the Mosul and Haditha dams supplying Mosul and a string of cities to Baghdad in the south, and numerous electric power plants and water-sewage infrastructures it can paralyze Iraq when it wants. Under a worst case scenario, ISIS kamikaze “scorched earth tactics” can also enable it to paralyze oil production, refining and transport infrastructures across a swath of northern Iraq.

    Outside the US and inside the Middle East warnings of this threat have multiplied for several months but Obama and his administration “didn't want to know”. We therefore have to ask if his administration wants a run-up of world oil prices as in 2008, which helped create or trigger the 2008 financial crisis which endures today?

    Why High Oil Prices

    We can list several supposedly-perverse reasons. Both Goldman Sachs and the so-called energy market maker banks including JP Morgan, Barclays and Societe Generale have tirelessly worked to push oil market prices – upward – since the brief crash of oil prices in 2009 when prices fell, for a short while, to about $40 per barrel. The energy market maker banks and the major brokers like Goldman Sachs have abandoned the coal, natural gas and most recently electric power markets, following major regulatory investigations and large penalties on their price-rigging. This has led Deutsche Bank to abandon all energy and commodities market activity. 

    The oil market is however still under their control. 

    World oil and gas spending on exploration and production, and its financing benefits directly from high oil prices. This spending was running at around $640 billion in 2013 according to estimates from Citigroup, Barclays and Morgan Stanley. Major loans for this activity are directly dependent on oil prices staying high.

    Continuously high oil prices are forecast by the International Energy Agency as certain for at least the next 20 years, to 2035.

    High oil prices are the cornerstone of the so-called “low carbon strategies” to beat global warming and develop alternate and renewable energy supplies, using state subsidies. High oil prices are also a major support factor for maintaining, or increasing inflation which is judged necessary or vital by central bank chiefs including Janet Yellen and Mario Draghi. High oil prices therefore provide another rationale for “print and forget” quantitative easing.

    The near-automatic increase in daily traded oil prices when equity markets rise is another proof of the vital role for high oil prices in financial asset expansion, albeit totally fictitious.

    Sabotaging Iraq's oil supply to the world after the “non-performance” of allowing or encouraging Libya to descend into chaos, is therefore logical. Geopolitically however, regional Middle Eastern states facing serious economic difficulties as “blowback” from the G7 Group's enduring economic crisis will be active also in Iraq, not only in humanitarian-designated military action.

    The Obama administration may or may not want high oil prices, but its actions to date only lead to that conclusion.



    Wednesday, May 28, 2014

    Why Are Food Prices so High? Because We're Eating Oil

    May 28, 2014

    Regardless of what we eat, we're actually eating oil. 

    Anyone who buys their own groceries (as opposed to having a full-time cook handle such mundane chores) knows that the cost of basic foods keeps rising, despite the official claims that inflation is essentially near-zero.

    Common-sense causes include severe weather and droughts than reduce crop yields, rising demand from the increasingly wealthy global middle class and money printing, which devalues the purchasing power of income. 

    While these factors undoubtedly influence the cost of food, it turns out that food moves in virtual lockstep with the one master commodity in an industrialized global economy: oil. Courtesy of our friends at Market Daily Briefing, here is a chart of a basket of basic foodstuffs and Brent Crude Oil:

    In other words, regardless of what we eat, we're actually eating oil. 

    Not directly, of course, but indirectly, as the global production of tradable foods relies on mechanized farming, fertilizers derived from fossil fuel feedstocks, transport of the harvest to processing plants and from there, to final customers.
    Even more indirectly, it took enormous quantities of fossil-fuel energy to construct the aircraft that fly delicacies halfway around the world, the ships that carry cacao beans and grain, the trucks that transport produce and the roads that enable fast, reliable delivery of perishables. 

    Though many observers see money-printing as the master narrative of the global economy, we don't see much correlation between the Fed's ballooning balance sheet and food/oil. If money-printing alone controlled oil (and thus food), prices of oil/food should have soared as the flood of QE3 (and other central bank orgies of credit-money creation) washed into the global economy from late 2012. 

    Instead, oil/food have traced out a wedge: prices have remained in a relatively narrow trading range during the orgy of money-printing.
    While money creation is one influence on commodity prices, supply and demand matter, too; in that sense, money printing only matters if it pushes demand higher while constricting supply. 

    Other observers use gold as the "you can't print this" metric of price.

      
    In other words, rather than price grain in dollars, yuan, yen or euros, we calculate the cost of grain in ounces of gold.
    The gold/food ratio is around the level it reached in 2009 after spiking in 2008.
    This tells us food is cheap when priced in gold compared to 2002, but it's more expensive (priced in gold) than it was at gold's peak in 2012.
    In effect, the influences of monetary inflation and supply/demand show up in food via the price of oil. Until we stop eating oil (10 calories of fossil fuels are consumed to put one calorie of food on the table), oil is the master commodity in the cost of food.


    Jason Burack of Wall Street for Main Street and I discuss the changing nature of work, jobs and entrepreneurial skills: Charles Hugh Smith: Entrepreneur Skills A Must for Any Job (34 min, YouTube)