Yemen, Islamic Murder, Oil. So Invest. PS: Mercury is Near Sun,

The Arabian Peninsula is the site of intense skirmishing after the collapse of the ruling family. The fighting is between radical Islamists, currently believed to be time travelers from the distant past. The Hudi gang are surrogates for Iran. Their checkpoint have tourist-based signs like: Death to Americans.

Recently, the man sitting in our presidential office said Yemen was an example his great success.  (Don't forget to vote. Look for people who are not imbeciles or subversives.)

Of course, the UN held a meeting to condemn a mass murder in Yemen:

UNITED NATIONS, October 10 (RIA Novosti) - The United Nations' Security Council on Friday unanimously agreed to a press statement, condemning the bombing which has killed at least 47 people in Sanaa, Yemen and reiterating support for Yemeni President Abd Rabbuh Mansur Hadi. 

The United Nation's Security Council condemns "the continued attacks against Yemeni security forces in Hadramawt on October 9, as well as in Bayda on October 8, aimed at undermining Yemen's stability," the statement said.

At least, the UN is aware something is happening, unlike the nearby New York Times. Just wait for the murders to find out they have been condemned by oligarchs. This piece above is from Russia. Like I say, look elsewhere for real news.

When the Hudi get to the Gulf, the narrows through which 60% of the Arabian oil passes will be through a straight with Hudi on the East and Somali on the West.

In a normal world, Western companies would not permit the oil to be threatened, but we have a Muslim president who seems mostly Sunni except when they steal our tanks and the media is watching.

Now, it is pointless for any of us to even bother to protest about the great forces at work, even in the U.S., whose leaders have no interest in people. One can always breed new customers. You have lost your opportunity and right to protest your role as serf,  so you may as well make some money on what is to happen.

Once you make some, then convert it to silver. Make enough and you can find a new home in Asia.

Because an election is coming, there is constant talk about how the gas prices are down. People expect this to continue and there is an awareness that natural gas will find away to your car. This depresses future prices. So, there is a downward bias to the price of oil. This is boosting our stock market, which has little to do with our economy, but that is OK, just play "fantasy economics."

I suggest you invest in oil going up.

Iran is being damaged by the loss of oil income as the price drops, so it is pushing to stop the flow or threaten to stop it. The caliphate needs to have the price of oil go up so we can fund our killers. Do not doubt money is behind the chaos in the world. This religion stuff is the latest cattle prod. Frankly. it is amazing the market shrugs it off a Middle East in flames. Times have certainly changed. We are like the frog who is slowly being boiled and doesn't notice.

So, invest in oil.

Just take a small, leveraged position as one never knows what will happen.  It looks to me like the next OMG!

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PS. Another genius was on John Batchelor, just now. He is some sort of hack, David Grinspoon, and I hope he Googles himself, who has some sinecure with the Library of Congress. He let me know that Mercury is very hot because of uncontrolled greenhouse effect!  He said this in passing talking about Venus, where there must some sort of "weird snow" on the mountain peeks.  I am not up on scientific terminology, so I cannot elucidate.

Anyway, consider this as why Mercury is warm:

I am conflicted, in my new venture as an author discussing reason, as what terms to use, such as: stupid, ignorant, brain-washed, true believer, obtuse, dolt… They seem all apply to the Grinspoons of the world

Maybe we call people "grinspooned."

As in: The grinspooned, we have with us, always.

OMG, my annoying auto spell checker changed the word to: grin spoon. That must be the origin of the name. Sort of charming. He could have been Mr. Frownspoon.

- End of real time reporting

Good News To Know

In the recent "debates." the purported president claimed, to the contrary of his economic policy, that oil production in the United States was dramatically up!  It is true! The lie was that he caused it.

If you can crush an industry, why not claim to be the cause of its resilience?  This is, of course, more evidence of a pathological liar, a sociopath, so if you know anyone who stands with Obama, best recall you can tell people by their friends.

The inability to stop fracking in two or three states, mostly, has resulted in 2012 being the highest recorded extraction of good-ole carbon fuels. Yes. The record.  Below are some notes from Stansbury's letter to put the spike in perspective. Private industry has, once again, slipped around the tedious Big Brother.

I recommend voting to reduce the war on energy so other states, like NY, can join in the windfall.  The later NY waits, the less will be the windfall.  Of course, Democrats do not need revenue from oil, they place taxes on pizza.

All over the world, nations will be resorting to fracking, so the energy crisis is over; the good thing is natural gas will begin to take the place of oil.  This does reduce emissions.

So

 Oil hit a three-month low today at a little more than $88 a barrel. West Texas Intermediate crude – the U.S. benchmark price – has fallen from $108 a barrel in March… a 19% drop.
The reasons for the decline are twofold – a global economic slowdown and the huge amount of domestic oil production coming online from unconventional shale plays. We'll discuss the latter issue today. 

 We've highlighted North Dakota's Bakken shale region several times recently. It's one of the largest shale plays in the U.S… Its production will soon surpass the Arab nation of Qatar. At 770,000 barrels a day, Qatar is the world's largest supplier of liquefied natural gas (LNG) and a major oil exporter as a member of OPEC. And the Bakken is only one of the massive shale plays that will contribute billions of barrels of new production (more on those in a bit).
Thanks to new technologies like horizontal drilling and hydraulic fracturing (fracking), exploration companies can now access resource deposits that were previously uneconomical. And it's leading to a huge glut in domestic energy supply. Consider the latest numbers from the U.S. Department of Energy (DOE)… 

 DOE reports domestic fossil-fuel production will reach an all-time high in 2012. At the end of this year, the U.S. will have produced more than 61 quadrillion British thermal units – the energy equivalent of burning 61,000,000,000,000,000 wooden matchsticks – of coal, oil, and natural gas. This meets 83.3% of total annual U.S. energy consumption needs. Five years ago, domestic sources only amounted to 70.5% of total annual consumption. The last time domestic energy production was as high a percentage of consumption was 1990. 

 Over the last four years, domestic natural gas production has increased 20.5%. Domestic oil production is up 24%. The following chart compares 2012 U.S. oil inventories to their 10-year and 28-year historical averages. Current levels are almost off the chart.

 And exploration companies are still finding massive new deposits. Last week, for example, we mentioned Continental Resources' discovery of a new shale oil play called the South-Central Oklahoma Oil Province (SCOOP). Continental is already the No. 1 producer and landowner in the Bakken. And it believes the SCOOP could yield 1.8 billion barrels in the coming decades. 

 Now, two new reports have surfaced regarding the Marcellus shale gas deposit…
The Marcellus shale lies beneath parts of New York, Pennsylvania, Ohio, and West Virginia. The U.S. Energy Information Administration's (EIA) most recent estimates had pegged Marcellus' gas reserves at 141 trillion cubic feet.
But the Associated Press reports industry analysts believe this number is "grossly understated." A Standard & Poor's report says the Marcellus may contain "almost half the proven natural gas reserves in the U.S." And a report from analysts at ITG Investment Research says the EIA's estimates don't correspond to actual well production. The firm estimates the Marcellus holds 330 trillion cubic feet of gas. That's more than double the reserves of the next-largest U.S. field, the Eagle Ford in southern Texas. 

 It's not just the size of the U.S. shale oil and gas revolution that is amazing… it's also the speed of production. 

The Wall Street Journal reports the U.S. will be in a virtual tie with Saudi Arabia as the world's largest oil producer by the end of next year. In 2012, U.S. oil production rose 7% to an average of 10.9 million barrels per day. It's the fourth-straight year of increases and the biggest one-year gain since 1951.

Saudi Arabia's daily oil output is 11.6 million barrels. Analysts expect Saudi production to remain flat through 2017… but U.S. production continues to surge at astounding rates. Citibank predicts the U.S. will produce 13 million to 15 million barrels per day by the end of the decade.

So, I am looking forward to $2.00 gas in the mid term!  (Then, again, BIg Brother will add more taxes) Natural gas will eventually creep up from its very low price, now, as we start exporting it and have a new market to compete for product.

Iran Oil for Turkish Gold

Some important background:

Iran, the new international devil, whose leaders sure speak in devil's tongue, does not have a central bank like the Fed and every other nation on earth where private bankers control currencies and debt.  One can easily understand how bankers want to bring Iran to its knees to beg at the altar of money.

Iran has been placed under the now absurdist "sanctions" by the U.S. and others. It cannot use SWIFT, the critical communication system for international bankers. So, economic alteration had to take place. The micromanagers and idealists never see the obvious consequences to their games:

Gold for Oil

Turkey skirting Iran sanctions by trading gold for crude

 

Turkish Prime Minister Erdogan meets with Iranian President Ahmadinejad / AP

     

BY: Adam Kredo
July 12, 2012 12:29 pm

Turkey has exchanged nearly 60 tons of gold for several million tons of Iranian crude oil, despite its promises to uphold Western sanctions on Iran’s energy sector, according to recent Turkish reports.

By using gold instead of money, Turkey is able to skirt Western sanctions on Iran’s oil trade, particularly those pertaining to SWIFT, the global money transfer service that until recently assisted the Central Bank of Iran and other Iranian financial institutions.

Over the past several months, Turkey has given Iran 60 tons of gold, or more than $3 billion, according to a July 8 report on the Turkish news site Vatan Online. The report was translated by the Open Source Center, a translation service used by the CIA.

The exchanges raise questions about the Obama administration’s decision to grant Turkey a temporary waiver exempting it from U.S. sanctions to Iran, according to foreign policy experts and those on Capitol Hill who speculated that the revelation could spur Congress to pass a new round of Iran sanctions to prevent such trades.

“The idea that Turkey needs a waiver for more time to disconnect itself from the Iran oil trade is ludicrous,” said Michael Rubin, a former Pentagon adviser on Iran and Iraq. “Turkey is playing Obama for a fool.”

“Like a loose school girl, Obama may think he can become popular by giving away the goods to whomever tells him he is the apple of their eye,” said Rubin, a resident scholar at the American Enterprise Institute. “Obama doesn’t understand that for regional rulers like [Turkish Prime Minister] Erdogan and [Russian President Vladimir] Putin, he has gained not respect, but disdain.”...

Welcome to perspective

I began to listen to a message on a good investment site and was drawn into a long, quiet lecture that fully earns a giant OMG.  (Click on title)

The Middle East is far more complex that we thought, we being those outside the government who are, apparently, running around in a panic.  Here is a list of topics

1.  Sunni v. Shia (the return of the Ottoman Empire?)

2.  Tupi oil field

3.  China is planning to increase use of uranium TEN times.  (OK, that is not 10%, it is 1000%)  The rest of the world is close behind in a buidling spree. 

All the information makes sense and is known. The key here it all the diverse trends, seemingly so, have been tied together.  The consultant expects a war in the Middle East, and we are preparing for it, but it is not directed at us.

History shows a tremendous lift in oil  prices even with mild news. (Author predicts $220 in the coming year) In Brasil, the new Tupi oil find holds more oil than the middle east or Russia.  It is there all the deep water drilling rigs are going after the idiocy in the Gulf and the adminsitrations playing high school student council with oil drilling controls.

Finally, not only is urnanium logical, it will be HUGE and SOON.

Get a beer and listen to the talk.

A glimpse of your future

Another easy rip off. Here is the Bluefiled Daily Telegraph giving some contra thoughts on our new green initiative. I will edit the article in order to spin it as I like. You have to love a "Smokey Shott."

Proposed federal legislation could spur higher energy costs, weaker economy

By JAM,ES H. "SMOKEY" SHOTT
Bluefield Daily Telegraph

West Virginia Democrat Rep. Nick J. Rahall II, chairman of the House Natural Resources Committee, has proposed a plan to sharply increase the cost of drilling leases that the federal government sells to oil and gas companies...His plan would increase royalty rates by 50 percent and would cut the lease periods to five years from the current 10 years or more.

Mr. Rahall’s plan comes as crude oil prices rose from a recent low of $43 to nearly $70 a barrel as the summer...
His recommendation would be part of a massive overhaul ... And, according to Sharon Buccino, director of land and wildlife programs at the Natural Resources Defense Council, the Rahall proposal fits into the efforts of the Obama administration and congressional Democrats to drive energy production toward “green” sources and away from conventional sources. “This is a key part of moving that agenda forward,” she said...

An analysis by the Heritage Foundation notes that “the impact of Waxman-Markey on the next generation of families is $1,500 per year in higher energy costs, over $100,000 of additional federal debt ... a weaker economy, and more unemployment.”

Oil producers object, as well. American Petroleum Association (API) spokesperson Jane Van Ryan said, “We’re particularly concerned...only two percent of emissions allowances to refiners, but it holds them responsible for 44 percent of carbon emissions. Under the bill, U.S. refiners would have to pay for the carbon emissions from their own facilities as well as all of the cars, trucks, buses, airplanes, etc. that operate in the United States. Utilities get nearly 44 percent of all allowances, select ‘energy-intensive’ industries get 15 percent, and local natural gas distributors receive nine percent,” she said. “This isn’t an equitable way to parcel out the emissions allowances.”

Ms. Van Ryan went on to say that under Waxman-Markey overseas refiners will have a competitive advantage “making the U.S. less energy secure and more reliant on imports.”

API President Jack Gerard said in a statement that an “independent study projects ... up to 2.7 million net jobs lost annually, even with new green jobs created. According to one of these reports, an average family will pay ... 74 percent more for gasoline. Today, that would mean gasoline prices above $4.00 a gallon, an increase nearly equivalent to a ten-fold rise in the federal gasoline tax.”

... Waxman-Markey raises energy prices by 55-90 percent. These higher energy prices push unemployment up by 1,105,000 jobs on average, with peaks over 2,479,000. In aggregate, GDP drops by over $9.6 trillion. The next generation will inherit a federal debt pumped up by $29,150 per person. All of these costs accrue in the first 25 years of a 90-year program that, as calculated by climatologists, will lower temperatures by only hundredths of a degree in 2050 and no more than two-tenths of a degree at the end of the century.”...

And, apparently neither the Obama administration, the Congress nor the environmentalists give two hoots how much it will cost average Americans, or how much damage is done to the nation’s economy in the process.

They follow this course despite the desire of most Americans to increase domestic energy exploration, not reduce it. A poll conducted by Harris Interactive found that 61 percent of Americans who voted in the 2008 presidential election support access to offshore oil and natural gas resources, while only 26 percent opposed it.

bla bla....

Get a bicycle and a house in Ecuador.

Actually, upon, unfortunately, sober thought, this could kill New England which is already losing ATM machines, I mean tax payers. I can't see people staying when there is an huge increase in oil and gas prices.