Tag Archives: oil

Business/Economics, Fukushima

General Motors continues to get hit by Japan disaster

As a result of the ongoing disaster in Japan, General Motors suspended all nonessential spending and global travel, a GM spokesman announced.

In addition, GM will suspend production in Spain, and cancel two shifts in Germany.

Even a small supplier of products that are fed to a bigger supplier that feeds the automaker’s assembly plants can delay or halt vehicle production.

Think of the “always a bigger fish” example, but in reverse.  If there are no little fish to eat, what can the bigger fish do?

International, Opinion, U.S.

Oil Speculators are War Mongers. Was UN Resolution pushed because of crashing oil prices?

When Japan got hit by the massive quake/tsunami, and then the nuclear power plant disaster, world oil prices dropped.  By a lot.

Prior to the Japan event, on March 10th, Brent crude oil closed at $115.60 per barrel. U.S. light sweet crude closed at $104.25.  Oil prices had been going up, and the “Libyan crisis” was blamed. “…mainly fueled by regime-toppling instability in the Middle East and North Africa.” -CNN/Money

March 11th, the Japan event and immediately oil prices began falling.  Brent crude fell to $113.67, U.S. crude $101.16.  By March 15th Brent crude had fallen to $108.52, U.S. crude $97.18.

From March 10th to March 15th Brent crude prices dropped by $7.10,  U.S. crude dropped by $7.07.

Then, suddenly, the United Nations announced it had passed a resolution authorizing any military action necessary to get rid of Gaddafi (an historic resolution by the way, it’s NOT a no fly zone).  This seemed to come out of no where.  What happened to oil prices?  Immediately oil price shot up: March 16th Brent crude closed at $110.62, U.S. crude $97.98.  March 17th: Brent crude $114.90, U.S. crude $101.42.    “The Middle East unrest outweighed concerns about radiation from a Japanese nuclear plant…” -Bloomberg

Another evidence of war mongering by speculators is that oil prices fell when Gaddafi announced a ceasefire.  March 18th (ceasefire announced) Brent crude closed $113.90, U.S. crude $101.07.

I speculate that British Brent crude prices are more sensitive because the British, along with the French, have a big stake in gaining control of Libya’s eastern oil fields.  After all, who got the biggest oil contract in Iraq? BP (British Petroleum).

International

Libya warned about ceasefire AND attacked by France at the same time

War monger Sarkozy said “If there is not an immediate cease-fire and withdrawal of the forces that have been attacking civilian populations in the last few weeks, our countries will have recourse to military means.”

French President Sarkozy made the statement around 17:30 (5:30pm) Libyan time, yet, while he was demanding a ceasefire French aircraft were already in Libyan airspace attacking Libyan aircraft.  Shortly after Sarkozy made the statement regarding ceasefire he admitted they were already attacking Libya:  “As of now, our aircraft are preventing planes from attacking the town. Our French aircraft are ready to intervene against tanks.”

Earlier in the day rebels apparently shot down a Libyan Su-24 (might have been a single engined MiG-23) attack aircraft.  The Sukhoi Su-24 is made in Russia (as is the MiG-23).  Also, there is video of rebels armed with the latest brand new short range anti aircraft missiles, it is not possible they “captured” them from Gaddafi’s forces.  Some rebels are wearing brand new U.S. BDU (Battle Dress Uniform, no longer used by U.S. forces) style desert camo uniforms.  To me it is clear that this “revolution” in Libya was planned by outside, non-Libyan parties.

President Obama told the U.S. Congress that the military operations against Libya would days, not weeks or months. He better be right. Don’t forget, his predecessor (Bush Jr) made similar comments about Iraq.

International

Russia says attacking Libya will validate WMDs for extremists

Alexei Arbatov, the head of the International Security Center of the Institute of World Economy and International Relations of the Russian Academy of Sciences, said attacking Libya will prove that obtaining WMDs is necessary to keep from being attacked by the West.

“An attack against Libya would be a gift for all violators of the Non-Proliferation Treaty. If Libya becomes an object of a military operation, it will lead some countries to believe that no one would think of threatening Gaddhafi with a military operation now if he had not voluntarily given up his nuclear program several years ago.”

In order to receive financing from western countries, and gain favor from western governments,  Gaddafi revealed his WMD program and allowed international inspection and dismantlement of that program.  That’s why President Bush Jr removed Gaddafi from the terrorist list.  Now the West is about to attack him.

Arbatov says “This will lead Iran, Syria, and some other countries violating the non-proliferation regime to make a new powerful step towards obtaining nuclear weapons.”

International

Iran may act to stop Sunni Arab invasion of Shia Bahrain

“The Saudi’s should know for a fact that Tehran will use all the power and potentials at its disposal to halt the oppression of the people of Bahrain.”said Iranian lawmaker Hossein Naqavi.

Majority Sunni Arab countries invaded majority Shia Arab Bahrain, in order to protect the Sunni rulers there from the Shia revolution.  Iran and Bahrain are majority Shia Muslim countries.

Iran has asked the UN to take action.  The United Nations, pushed by France, U.K. & U.S.,  has authorized military force against Libya, supposedly to protect the revolutionaries there.

A Bahraini women, who is Sunni, is supporting the Shia rebels; “The government is making this a sectarian issue. I see the way my [Shia] friends are treated and I came here to show solidarity.”

The headquarters of the U.S. 5th Fleet is in Bahrain.

International

Libya agrees to ceasefire, U.K. & France preping for military action

Libyan Foreign Minister Moussa Koussa announced that Libya will accept a ceasefire with rebels.

Libyan officials believe the UN Security Council resolution allows the Libyan government to use force in order to protect civilians.

France and United Kingdom say they are preparing for military action. Spain and Norway announced they are prepared to join the enforcement of a no fly zone.

President Obama will make an announcement this afternoon.  It is expect that two Arab nations will be named as taking part in the no fly zone operation, Qatar is expected to be one of those countries.

The United States, United  Kingdom, France are members of the UN Security Council, and voted for the no fly zone.  China, Russia, Germany, India and Brazil are also members, but abstained, they will not help with the no fly zone.

Business/Economics, Fukushima, Opinion

Japan Disaster start of Global Great Depression

For a third day, the DOW fell big, along with other U.S. stock markets.  Stock markets around the world being affected. This is because Japan has become the “parts” supplier to the global economy.  Auto parts to electronic chips are made in Japan.  This production has come to a virtual stand still.  One analyst said that if this situation lasts a few weeks (best case) consumers can expect noticeable increases in prices.

It must be remembered that the Great Depression, that hit the United States in the 1930s, was not solely caused by the investment/finance crash of ’29.  What put the U.S. into a Great Depression was the loss of its main industry at the time; agriculture. Because of the quake, tsunami, and now nuclear disaster, Japan has essentially lost its main industries.

Until the Second World War, agriculture was the biggest industry in the U.S.  Most Americans worked in farming, or agriculture related jobs.  The industry was hit by a disaster that was a combination of Mother Earth, and man made.  The plain states, and mid west, had been dealing with a major drought, and,   farming techniques destroyed the top soil.  This is where the term “Dust Bowl” came from.

The result was that hundreds of thousands of Americans lost their jobs and their homes, just from the collapse of the agriculture industry. Combined with the losses of the finance/investment industries (which affected manufacturing) this created the Great Depression.

The World is already in a major financial crisis, bigger than what hit the world prior to the Great Depression in the U.S. (other countries, like Germany had already experience a depression). Now we have the natural/man made disasters that could push the World into a Great Depression.

Never before have the economies of the World been so tied together.  We have a dominoes situation. Japan, being a major parts supplier, could be the dominoe that starts the fall.

Business/Economics, International

French Government Cracks Down, Because they want to go on Holiday

On the day the French Senate is to vote on a controversial retirement plan, French police have been ordered to crack down on protesters.  The first plan of attack for the police; get the oil refineries running again.

French gendarmes stand next to the entrance of the Grandpuits oil refinery southeast of Paris October 22, 2010 as striking workers continue to block the refinery. Police took over the Total installation, the CGT union said on Friday, in an attempt to end a blockade by workers striking over a planned reform of the pensions system. Police were expected to bring in workers who are not on strike later in the day. REUTERS/Benoit Tessier (FRANCE - Tags: POLITICS ENERGY EMPLOYMENT BUSINESS CIVIL UNREST)

The French government issued a ‘requisition’ order, which means they believe the strikes threaten public order.  A recent poll shows that 69% of the French support the strikes, but, when asked specifically about the shut down of the oil refineries the support drops to 52%.   It looks like the French government’s crackdown is actually motivated by upcoming November holidays.  Prime Minister Francois Fillon’s office issued this statement; “At a time when many French people wish to travel for the November 1 holiday weekend, it is in everyone’s interest to make all necessary efforts to return the situation to normal, which will take several more days.”

ATTENTION EDITORS : FRENCH LAW REQUIRES THAT THE FACES OF MINORS ARE MASKED IN PUBLICATIONS WITHIN FRANCE A high school student holds a sign as students French police during a demonstration over pension reform at Place Bellecour in Lyon October 21, 2010. France faced another day of strikes and confrontation on its streets on Thursday as the government grappled to restore fuel supply with senators just a few days away from voting on pension reform. The sign reads, Police everywhere, justice nowhere . REUTERS/Robert Pratta (FRANCE - Tags: POLITICS EMPLOYMENT BUSINESS CIVIL UNREST EDUCATION)

French high school and university students continued to protest.  Trash collectors joined the strikes as well.

The delay on the Senate vote is because 250 amendments, to the retirement bill, are being argued over.

Business/Economics, International, U.S.

Venezuela & Iran Working to Create New, New World Order

On Wednesday, October 20th, Iranian President Mahmoud Ahmadinejad, and Venezuelan President Hugo Chavez, announced they had signed several energy deals, and, that they are working towards a new world order of their own.   Ahmadinejad stated; “We are united and determined to end the current injustice which dominates the world and replace it with a new world order based on justice.”

Iranian President Mahmoud Ahmadinejad embraces Venezuela's President Hugo Chavez during a welcoming ceremony for Chavez in Tehran, Iran on October 19, 2010. UPI/Maryam Rahmanian Photo via Newscom

Ahmadinejad also said; “If one day, my brother Mr Chavez and I and a few other people were once alone in the world, today we have a long line of revolutionary officials and people standing alongside each other. The enemies of our nations will go one day. This is the promise of God and the promise of God will definitely be fulfilled.”

Iranian President Mahmoud Ahmadinejad and Venezuela's President Hugo Chavez during a welcoming ceremony for Chavez in Tehran, Iran on October 19, 2010. UPI/Maryam Rahmanian Photo via Newscom

An example of how ignorant our government, and U.S. political advisers, have gotten, foreign policy analyst, Rick Casper said this deal between Iran and Venezuela was proof that U.S. sanctions are working.  What an idiot!  He also said; “There is no other country willing to do business with Iran except Venezuela.” Idiot!  Who do you think is building Iran’s nuclear power plant?  Russia!  Iran also has deals with China, and many Central Asian countries, as well as European countries.  This is the level of intelligence of U.S. foreign policy analysts?

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

French Strikers Kickin’ Ass, viva Nouvelle Révolution Française!

French strikes continue, should we dare call it Nouvelle Révolution Française?  Even French high school students are going head to head with riot police!  Today, the students have blockaded schools and set fire to cars.  Strikes actually started more than a month ago, and have only gotten bigger, viva les Français!

ATTENTION EDITORS - FRENCH LAW REQUIRES THAT THE FACES OF MINORS ARE MASKED IN PUBLICATIONS WITHIN FRANCE. High school students shout slogans as they block the entrance of the Thiers high school to demonstrate over pension reform in Marseille October 18, 2010. The banner reads High school students on strike . REUTERS/Jean-Paul Pelissier (FRANCE - Tags: EMPLOYMENT BUSINESS EDUCATION CIVIL UNREST)

According to the French news agency, AFP, around 1500 gas stations have run out of fuel.  Workers at 11 of France’s 12 oil refineries have joined the country wide strike, protesting a two year raise in retirement.

French striking workers block the entrance of the oil refinery of Grandpuits, east of Paris, October 18 , 2010. France started to tap its industry strategic reserves as a growing number of pumps in French petrol stations were drying up on Monday at the start of a second week of action by refinery and port strikers to block fuel supplies over an unpopular pension reform bill. REUTERS/Benoit Tessier (FRANCE - Tags: CIVIL UNREST EMPLOYMENT BUSINESS ENERGY)

On Sunday French truck drivers joined the strike, blocking the country’s major highways.  Half of all airline flights in and out of France have been canceled.

French striking truck drivers demonstrate over pension reform on a motorway near Fresnes-les-Montauban, northern France, October 18, 2010. French truck drivers staged go-slow operations on highways, rail strikes intensified and petrol stations ran out of fuel on Monday as protests gathered pace ahead of a Senate vote on an unpopular pension overhaul. REUTERS/Pascal Rossignol (FRANCE - Tags: CIVIL UNREST EMPLOYMENT BUSINESS TRANSPORT)

This is a major event taking place in Europe, with implications for the United States, yet, the U.S. Media is barely covering it.  Why?  Maybe it’s because the Corporate Controlled U.S. Media, and our Government, doesn’t want us getting any ideas?

The amazing thing is that the French are striking over a proposed two year increase to their retirement age, it hasn’t even become law.  Actually the retirement age issue is the final straw for most French.  They’re tired of constantly getting screwed over by their leaders.  Which brings me to my point, again, what’s up America?  We’ve endured so much more hyperbole here in the United States, yet where is the public outrage?

Maybe Americans are waiting for November elections to see change.  Idiots!  How many generations of Americans have played that losing game?  History shows that we the People have only gotten screwed over and over by our so called leaders!

Thomas Jefferson, a founder of the United States, and our 3rd President, warned:  “Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery.” —Thomas Jefferson: Rights of British America, 1774. (*) ME 1:193, Papers 1:125

Wake Up America!