| Topic: |
Politics > Politics-USA |
| User: |
"Free Speech" |
| Date: |
02 Dec 2004 09:45:20 AM |
| Object: |
NEW BOOK: CROSSING THE RUBICON: The Decline of the American Empire |
http://www.fromthewilderness.com/
The truth about 911 and the coming age of world-wide financial disaster and
oil depletion.
Brace yourselves, The USA will become a vast wasteland.
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| User: "Free Speech" |
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| Title: US Financial Collapse Eminent: Economic `Armageddon' predicted |
02 Dec 2004 09:51:37 AM |
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http://business.bostonherald.com/businessNews/view.bg?articleid=55356
Economic `Armageddon' predicted
By Brett Arends/ On State Street
Tuesday, November 23, 2004
Stephen Roach, the chief economist at investment banking giant Morgan
Stanley, has a public reputation for being bearish.
But you should hear what he's saying in private.
Roach met select groups of fund managers downtown last week, including
a group at Fidelity.
His prediction: America has no better than a 10 percent chance of
avoiding economic ``armageddon.''
Press were not allowed into the meetings. But the Herald has obtained a
copy of Roach's presentation. A stunned source who was at one meeting said,
``it struck me how extreme he was - much more, it seemed to me, than in
public.''
Roach sees a 30 percent chance of a slump soon and a 60 percent chance
that ``we'll muddle through for a while and delay the eventual armageddon.''
The chance we'll get through OK: one in 10. Maybe.
In a nutshell, Roach's argument is that America's record trade deficit
means the dollar will keep falling. To keep foreigners buying T-bills and
prevent a resulting rise in inflation, Federal Reserve Chairman Alan
Greenspan will be forced to raise interest rates further and faster than he
wants.
The result: U.S. consumers, who are in debt up to their eyeballs, will
get pounded.
Less a case of ``Armageddon,'' maybe, than of a ``Perfect Storm.''
Roach marshalled alarming facts to support his argument.
To finance its current account deficit with the rest of the world, he
said, America has to import $2.6 billion in cash. Every working day.
That is an amazing 80 percent of the entire world's net savings.
Sustainable? Hardly.
Meanwhile, he notes that household debt is at record levels.
Twenty years ago the total debt of U.S. households was equal to half
the size of the economy.
Today the figure is 85 percent.
Nearly half of new mortgage borrowing is at flexible interest rates,
leaving borrowers much more vulnerable to rate hikes.
Americans are already spending a record share of disposable income
paying their interest bills. And interest rates haven't even risen much yet.
You don't have to ask a Wall Street economist to know this, of course.
Watch people wielding their credit cards this Christmas.
Roach's analysis isn't entirely new. But recent events give it extra
force.
The dollar is hitting fresh lows against currencies from the yen to the
euro.
Its parachute failed to open over the weekend, when a meeting of the
world's top finance ministers produced no promise of concerted intervention.
It has farther to fall, especially against Asian currencies, analysts
agree.
The Fed chairman was drawn to warn on the dollar, and interest rates,
on Friday.
Roach could not be reached for comment yesterday. A source who heard
the presentation concluded that a ``spectacular wave of bankruptcies'' is
possible.
Smart people downtown agree with much of the analysis. It is undeniable
that America is living in a ``debt bubble'' of record proportions.
But they argue there may be an alternative scenario to Roach's.
Greenspan might instead deliberately allow the dollar to slump and inflation
to rise, whittling away at the value of today's consumer debts in real
terms.
Inflation of 7 percent a year halves ``real'' values in a decade.
It may be the only way out of the trap.
Higher interest rates, or higher inflation: Either way, the biggest
losers will be long-term lenders at fixed interest rates.
You wouldn't want to hold 30-year Treasuries, which today yield just
4.83 percent.
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| User: "Free Speech" |
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| Title: CRISIS: OIL DEPLETION: THE END OF THE AGE OF OIL |
02 Dec 2004 09:56:12 AM |
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By David Goodstein
Published by CalTech News, California Institute of Technology
Vol. 38, No.2, 2004
This article is adapted from a talk that Caltech vice provost and professor
of physics and applied physics David Goodstein presented at an April 29
program of the Institute support group, the Caltech Associates. Goodstein’s
new book, Out of Gas: The End of the Age of Oil, was published in February
by W. W. Norton.
In the 1950s, it was not Saudi Arabia but the United States that was the
world’s greatest producer of oil. Much of our military and industrial might
grew out of our giant oil industry, and most people in the oil business
thought that this bonanza would go on forever. But there was one gentleman
who knew better. He was an oil exploration geologist named Marion King
Hubbert.
In about 1950, Hubbert realized that the trajectory of oil discovery in the
continental United States was going to be a classic bell-shaped curve, for
the decades from 1910 to 1970, in billions of barrels per year (see figure
1, below). He also saw that there would be a second bell-shaped curve that
would represent production, or consumption, or extraction. The oil industry
likes to call it “production,” but the industry doesn’t really produce any
oil at all. It does, however, reflect the rate at which we use the oil up.
Perhaps you could call it supply.
MORE:
http://www.fromthewilderness.com/free/ww3/111704_end_oil.shtml
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| User: "Free Speech" |
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| Title: America Going For Broke |
03 Dec 2004 03:24:58 PM |
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It's now or never for Washington
Mark Almond
Monday 6th December 2004
Original story
(In accordance with Title 17 U.S.C. Section 107, this material is
distributed without profit to those who have expressed a prior interest in
receiving the included information for research and educational purposes.)
America's real aim in Ukraine and other former Soviet republics is to seize
control of vital resources before China and India can challenge US
dominance. By Mark Almond
more
http://www.fromthewilderness.com/free/ww3/120204_now_never.shtml
preface the above with the fact that Russia and their PARTNER -- CHINA --
have both decided to dump the dollar abroad.
the USA has no choice but to continue to bankrupt itself, digging the whole
deeper and deeper as each day goes by - creating critical mass of
bitterness over world conquest of the dwindling oil reserves -- hoping upon
hope that their enemies will buy up their massive debit.
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| User: "Free Speech" |
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| Title: Bush Plans To Drug Entire Population of The USA Into Compliance With Fascism |
03 Dec 2004 03:41:50 PM |
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--------------------------------------------------------------------------------
Bush plans to screen whole U.S. population for mental illness
Sweeping initiative links diagnoses to treatment with specific drugs
--------------------------------------------------------------------------------
Posted: June 21, 2004
5:00 p.m. Eastern
By Jeanne Lenzer
© 2004 Jeanne Lenzer
A sweeping mental health initiative will be unveiled by President George W
Bush in July. The plan promises to integrate mentally ill patients fully
into the community by providing "services in the community, rather than
institutions," according to a March 2004 progress report entitled New
Freedom Initiative (www.whitehouse.gov/infocus/newfreedom/toc-2004.html).
While some praise the plan's goals, others say it protects the profits of
drug companies at the expense of the public.
Bush established the New Freedom Commission on Mental Health in April 2002
to conduct a "comprehensive study of the United States mental health service
delivery system." The commission issued its recommendations in July 2003.
Bush instructed more than 25 federal agencies to develop an implementation
plan based on those recommendations.
The president's commission found that "despite their prevalence, mental
disorders often go undiagnosed" and recommended comprehensive mental health
screening for "consumers of all ages," including preschool children.
According to the commission, "Each year, young children are expelled from
preschools and childcare facilities for severely disruptive behaviours and
emotional disorders." Schools, wrote the commission, are in a "key position"
to screen the 52 million students and 6 million adults who work at the
schools.
The commission also recommended "Linkage [of screening] with treatment and
supports" including "state-of-the-art treatments" using "specific
medications for specific conditions." The commission commended the Texas
Medication Algorithm Project (TMAP) as a "model" medication treatment plan
that "illustrates an evidence-based practice that results in better consumer
outcomes."
Dr Darrel Regier, director of research at the American Psychiatric
Association (APA), lauded the president's initiative and the Texas project
model saying, "What's nice about TMAP is that this is a logical plan based
on efficacy data from clinical trials."
He said the association has called for increased funding for implementation
of the overall plan.
But the Texas project, which promotes the use of newer, more expensive
antidepressants and antipsychotic drugs, sparked off controversy when Allen
Jones, an employee of the Pennsylvania Office of the Inspector General,
revealed that key officials with influence over the medication plan in his
state received money and perks from drug companies with a stake in the
medication algorithm (15 May, p1153). He was sacked this week for speaking
to the BMJ and the New York Times.
The Texas project started in 1995 as an alliance of individuals from the
pharmaceutical industry, the University of Texas, and the mental health and
corrections systems of Texas. The project was funded by a Robert Wood
Johnson grant – and by several drug companies.
Mr Jones told the BMJ that the same "political/pharmaceutical alliance" that
generated the Texas project was behind the recommendations of the New
Freedom Commission, which, according to his whistleblower report, were
"poised to consolidate the TMAP effort into a comprehensive national policy
to treat mental illness with expensive, patented medications of questionable
benefit and deadly side effects, and to force private insurers to pick up
more of the tab" (http://psychrights.org/Drugs/
AllenJonesTMAPJanuary20.pdf).
Larry D Sasich, research associate with Public Citizen in Washington, DC,
told the BMJ that studies in both the United States and Great Britain
suggest that "using the older drugs first makes sense. There's nothing in
the labeling of the newer atypical antipsychotic drugs that suggests they
are superior in efficacy to haloperidol [an older "typical" antipsychotic].
There has to be an enormous amount of unnecessary expenditures for the newer
drugs."
Olanzapine (trade name Zyprexa), one of the atypical antipsychotic drugs
recommended as a first line drug in the Texas algorithm, grossed $4.28bn
(£2.35bn) worldwide in 2003 and is Eli Lilly's top selling drug. A 2003 New
York Times article by Gardiner Harris reported that 70 percent of olanzapine
sales are paid for by government agencies, such as Medicare and Medicaid.
Eli Lilly, manufacturer of olanzapine, has multiple ties to the Bush
administration. George Bush Sr. was a member of Lilly's board of directors
and Bush Jr. appointed Lilly's chief executive officer, Sidney Taurel, to a
seat on the Homeland Security Council. Lilly made $1.6m in political
contributions in 2000 – 82 percent of which went to Bush and the Republican
Party.
Jones points out that the companies that helped to start up the Texas
project have been, and still are, big contributors to the election funds of
George W Bush. In addition, some members of the New Freedom Commission have
served on advisory boards for these same companies, while others have direct
ties to the Texas Medication Algorithm Project.
Bush was the governor of Texas during the development of the Texas project,
and, during his 2000 presidential campaign, he boasted of his support for
the project and the fact that the legislation he passed expanded Medicaid
coverage of psychotropic drugs.
Bush is the clear front runner when it comes to drug company contributions.
According to the Center for Responsive Politics (CRP), manufacturers of
drugs and health products have contributed $764 274 to the 2004 Bush
campaign through their political action committees and employees – far
outstripping the $149 400 given to his chief rival, John Kerry, by 26 April.
Drug companies have fared exceedingly well under the Bush administration,
according to the centre's spokesperson, Steven Weiss.
The commission's recommendation for increased screening has also been
questioned. Robert Whitaker, journalist and author of Mad in America, says
that while increased screening "may seem defensible," it could also be seen
as "fishing for customers," and that exorbitant spending on new drugs "robs
from other forms of care such as job training and shelter programmes."
But Dr Graham Emslie, who helped develop the Texas project, defends
screening: "There are good data showing that if you identify kids at an
earlier age who are aggressive, you can intervene... and change their
trajectory."
--------------------------------------------------------------------------------
First published by the BMJ Publishing Group Ltd in the BMJ -- volume 328, 19
June 2004, page 1458.
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=39078%20
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| User: "Free Speech" |
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| Title: US: No Faith In The Oil Wars Restance to Draft |
03 Dec 2004 03:53:30 PM |
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Former G.I.s Ordered to War, Fight Not to Go
By
Monica Davey
The New York Times
Tuesday 16 November 2004
The Army has encountered resistance from more than 2,000 former soldiers it
has ordered back to military work, complicating its efforts to fill gaps in
the regular troops.
Many of these former soldiers - some of whom say they have not trained, held
a gun, worn a uniform or even gone for a jog in years - object to being sent
to Iraq and Afghanistan now, after they thought they were through with life
on active duty.
They are seeking exemptions, filing court cases or simply failing to report
for duty, moves that will be watched closely by approximately 110,000 other
members of the Individual Ready Reserve, a corps of soldiers who are no
longer on active duty but still are eligible for call-up.
In the last few months, the Army has sent notices to more than 4,000 former
soldiers informing them that they must return to active duty, but more than
1,800 of them have already requested exemptions or delays, many of which are
still being considered.
And, of about 2,500 who were due to arrive by Nov. 7 at military bases for
refresher training, 733 had not shown up.
Army officials say the call-up is proceeding at rates they anticipated, and
they are trying to fill needed jobs with former soldiers as they did in the
Persian Gulf war of 1991.
Still, the resistance puts further strain on a military that has summoned
reserve troops in numbers not seen since World War II and forced thousands
of soldiers in Iraq to postpone their departures when their enlistment
obligations ended.
Tensions are flaring between the Army and some of its veterans, who say they
are surprised and confused about their obligations and unsure where to turn.
"I consider myself a civilian," said Rick Howell, a major from Tuscaloosa,
Ala., who said he thought he had left the Army behind in 1997 after more
than a decade flying helicopters. "I've done my time. I've got a brand new
baby and a wife, and I haven't touched the controls of an aircraft in seven
years. I'm 47 years old. How could they be calling me? How could they even
want me?"
Some former soldiers acknowledge that the Army has every right to call them
back, but argue that their personal circumstances - illness, single
parenthood, financial woes - make going overseas impossible now.
Others say they do not believe they are eligible to be returned to active
duty because, they contend, they already finished the obligations they
signed up for when they joined the military. A handful of such former
soldiers, scattered across the country, have filed lawsuits making that
claim in federal courts.
These former soldiers are not among the part-time soldiers - reservists and
National Guard members - who receive paychecks and train on weekends, and
who have been called up in large numbers over the last three years.
Instead, these are members of the Individual Ready Reserve, a pool of former
soldiers seldom ordered back to work. Ordinarily, these former soldiers do
not get military pay, nor do they train. They receive points toward a
military retirement and an address form to update once a year.
When soldiers enlist, they typically agree to an eight-year commitment to
the Army but often are allowed to end active duty sooner. Some of them join
the Reserves or National Guard to complete their commitment; others finish
their time in the Individual Ready Reserve.
For officers, the commitment does not expire unless they formally resign
their commissions in writing, a detail some insist they did not know and
were not told when they signed their contracts, although Army officials
strongly dispute that.
Lt. Col. Pamela Hart, a spokeswoman for the Army, said people in the service
are well aware of the provision. "We all know about it," Colonel Hart said.
She said problems with the call-ups of former soldiers have involved a
relatively small number of people, are being worked out, and are hardly
unique to this conflict. In the first gulf war, she said, more than 20,000
former soldiers were called up. With medical problems and no-shows, only
about 14,400 were actually deployed, she said.
Most of the deployments in the first gulf war lasted 120 days, the Army
said. The current call-ups are more likely to last a year.
Of those seeking exemptions now, the Army is studying each person's case
individually, Colonel Hart said, and has no set rule on what allows a person
to avoid deployment. Army officials are still weighing more than half of the
requests. So far, only 3 percent of requests for exemptions have been turned
down, while 45 percent have been approved.
As for the former soldiers who failed to appear at bases by their assigned
dates, the Army is trying to reach them, one by one, to discuss their
circumstances, Colonel Hart said. In late September, some Army officials
suggested that they would pursue harsher punishments - declaring people AWOL
and possibly pursuing military charges - but the Army has since taken a
quieter, more conciliatory approach.
"These are challenging times in their lives," Colonel Hart said, adding that
some former soldiers who failed to report might have moved and not received
the Army's notice. "We're contacting them as best as possible."
For the rest, though, some questions linger over who really qualifies for
the callback.
Colette Parrish said she burst into tears the evening that her husband,
Todd, walked into their house in Cary, N.C., with a letter from the Army
calling him back to service. "We had no idea this could happen," she said.
"We hadn't been preparing for any of it because we thought it wasn't
possible."
At first, Mr. Parrish, 31, said he was convinced that the letter was just an
administrative error because he believed that his time in the Individual
Ready Reserve had ended.
He had gone to college on an R.O.T.C. scholarship, then served four years as
a field artillery officer. He said he resigned his commission after that,
became an engineer, and still owed the Army four years in the Individual
Ready Reserve to complete his total obligation.
To Mr. Parrish, who has filed a lawsuit against the Army in federal court in
North Carolina, that obligation ended on Dec. 19, 2003. But the Army
apparently does not agree, and says that it never accepted Mr. Parrish's
resignation as an officer.
As the court fight has continued, Mr. Parrish's date to report to Fort Sill,
Okla., has been pushed back, again and again, one month at a time. Instead
of thinking about long-term plans, for his wife and their future family, he
is living in 30-day increments.
He said he always looked back on his service years fondly, and with a deep
sense of patriotism.
"I guess I feel disillusioned now," he said. "This isn't about being for or
against the war. It's not about Democrats or Republicans. It's just a
contract, and I don't think this is right. If they need more people,
shouldn't they get them the right way? How many more like me are there?"
Mark Waple, Mr. Parrish's lawyer, said he had received calls from 30 other
former soldiers in recent months, all of whom had heard of Mr. Parrish's
case and had similar stories.
At least two other former soldiers have filed suit over the question.
In Hawaii, David Miyasato, a former enlisted soldier who served in the first
gulf war, said he would never go AWOL; he would have gone to Iraq, he said,
if need be.
But Mr. Miyasato also said that his eight-year commitment ended nearly a
decade ago. After he received his letter calling him back to service, he
said, he called the Army repeatedly to argue that he was not eligible.
Finally, he said, with his date to report to a base in South Carolina just
days away, he contacted a lawyer and filed suit on Nov. 5.
"This was actually my last resort," said Mr. Miyasato, a former truck driver
and fuel hauler who said that, at 34, he led an entirely different life,
with an 8-month-old daughter and a window-tinting company to run. "I had
been calling around everywhere for help."
On Nov. 10, Mr. Miyasato said, he learned that the Army had rescinded his
orders.
In New York, Jay Ferriola, a former captain in the Army, filed a suit saying
he had resigned his officer's commission in June and no longer qualified for
call-up in the Individual Ready Reserve. On Nov. 5, the Army rescinded his
orders and honorably discharged him.
"This shows that the system works," Colonel Hart said. "If the soldiers
bring their situations to our attention, we're going to do what's right."
Barry Slotnick, Mr. Ferriola's lawyer, said he wondered how many other
soldiers might be in similar positions, but without the money, the contacts
or the certainty to sue. Mr. Slotnick said he had received numerous calls
from others since he filed Mr. Ferriola's case in late October.
"We might as well add another phone bank," Mr. Slotnick said. "What I can
see is that there are many, many cases of people being called up that
shouldn't have been. This is a backdoor draft. I also have to wonder how
many are already in Iraq who shouldn't be there, who just didn't think to
question it."
The Army's current plan is to fill 4,400 jobs through March from among 5,600
former soldiers ordered to duty. But an Army official said last month that
more former soldiers, perhaps in similar numbers, might be called on later
next year, as well.
For now, those being sent to Iraq and Afghanistan are being asked to handle
a variety of support positions, including truck drivers and fuel and food
suppliers.
Months ago, the Army said some of the former soldiers would be needed to
play the French horn, the clarinet, the euphonium, the saxophone and the
electric bass as part of the military's bands, but the notion drew criticism
from members of Congress who questioned the need to order people to give up
their civilian lives to play instruments. Colonel Hart said the Army has
since filled the musician jobs with volunteers.
Before going to Iraq, former soldiers are receiving as many days of training
as they need, an Army spokesman said. Some of the soldiers said they were
worried, though, about the prospect and safety of trying to get up to speed
in a few months.
"These guys like me are basically untrained civilians now," said Mr. Howell,
the former helicopter test pilot. Mr. Howell said he left the Army years ago
with an injured back, knee and elbow, leaving him wondering about his own
physical condition.
"I don't even have a uniform anymore," he said. "But they don't have any
more reserves left, so we're it. All they want is some bodies to go to Iraq,
just someone to be there, to sit on the ground."
When he left the military in 1997 as part of a reduction in forces, Mr.
Howell said, he saw a note in the "little print" in his annuity agreement
about a future commitment. But he said he was told that his obligation to
the Individual Ready Reserve would be brief and meant little anyway. "They
said it was just a way of having me on the books," he said.
After that, Mr. Howell said, he jumped into the civilian world. He got
married. He and his new wife began building a house. They struggled to have
children.
In September, his first child, Clayton, was born. Just before that, his
orders arrived.
"It does rip my heart out that these young men and women are over there, and
there is part of me that wants to be with them," he said recently. "But I
have responsibilities here now."
Mr. Howell said he had applied to the Army for an exemption but was recently
turned down. If he loses his appeal, he will be given a new reporting date.
His best hope, he said, is that his appeal is buried somewhere at the very
bottom of a big stack of them.
http://www.fromthewilderness.com/free/ww3/111804_former_GIS.shtml
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| User: "Art Deco" |
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| Title: Re: Bush Plans To Drug Entire Population of The USA Into Compliance With Fascism |
03 Dec 2004 08:31:34 PM |
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Free Speech <xxx@xxx.xxx> wrote:
-------------------------------------------------------------------------------
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Bush plans to screen whole U.S. population for mental illness
Sweeping initiative links diagnoses to treatment with specific drugs
Do you even bother to read your screed before you blast it to usenet,
Alexa?
-------------------------------------------------------------------------------
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Posted: June 21, 2004
5:00 p.m. Eastern
By Jeanne Lenzer
© 2004 Jeanne Lenzer
A sweeping mental health initiative will be unveiled by President George W
Bush in July. The plan promises to integrate mentally ill patients fully
into the community by providing "services in the community, rather than
institutions," according to a March 2004 progress report entitled New
Freedom Initiative (www.whitehouse.gov/infocus/newfreedom/toc-2004.html).
While some praise the plan's goals, others say it protects the profits of
drug companies at the expense of the public.
Bush established the New Freedom Commission on Mental Health in April 2002
to conduct a "comprehensive study of the United States mental health service
delivery system." The commission issued its recommendations in July 2003.
Bush instructed more than 25 federal agencies to develop an implementation
plan based on those recommendations.
[screed flush]
--
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| User: "Art Deco" |
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| Title: Re: America Going For Broke |
03 Dec 2004 08:33:45 PM |
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Free Speech <xxx@xxx.xxx> wrote:
It's now or never for Washington
Are you going to relocate to alt.paranormal, Alexa?
--
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| User: "Free Speech" |
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| Title: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
03 Dec 2004 04:11:14 PM |
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ODAC | The Oil Depletion Analysis Centre
140 Fortess Road London NW5 2HP England
+44 (0)20 7424 0049 www.odac-info.org
NEWS RELEASE
For Immediate Release:
Tuesday, 16 November 2004
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of
this decade, unless there is a precipitous drop in demand, according to the
results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to
come on stream over the next six years are unlikely to boost supplies enough
to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up
dates from 2004 through 2010. In total, these projects would add around 12.5
million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset
diminishing supplies from existing sources and still meet growing global
demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production
declines elsewhere due to natural depletion, the study found. A modest one
percent annual rise in demand over the six-year period would then leave
little or no surplus capacity to cushion against unforeseen disruptions in
supply.
If demand were to increase by two percent annually, available supplies could
fall short of the total needed in 2010 by more than two million barrels a
day – roughly equivalent to losing all of Kuwait’s current daily production.
“With most producers operating flat out to meet runaway demand increases
this year, the world’s immediately available spare production capacity has
virtually disappeared,” Mr Skrebowski said. “This means that significant
additional supplies in the near-to-medium term must come from new projects
already in the development pipeline.”
“We now see those projects providing surprisingly limited relief in terms of
incremental supply in coming years, and indeed physical shortages appear
ever more likely if demand remains strong,” he said.
“Even with relatively low demand growth, our study indicates a seemingly
unbridgeable supply-demand gap opening up after 2007,” he said.
more:
http://www.fromthewilderness.com/free/ww3/111707_oil_depletion.shtml
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| User: "Art Deco" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
03 Dec 2004 08:29:36 PM |
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Free Speech <xxx@xxx.xxx> wrote:
ODAC | The Oil Depletion Analysis Centre
Nothing like a little TEOTWAWKI screed, right Alexa?
--
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| User: "Jan Holland" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 01:36:44 AM |
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On Fri, 03 Dec 2004 22:11:14 GMT, Free Speech <xxx@xxx.xxx> wrote:
ODAC | The Oil Depletion Analysis Centre
140 Fortess Road London NW5 2HP England
+44 (0)20 7424 0049 www.odac-info.org
NEWS RELEASE
For Immediate Release:
Tuesday, 16 November 2004
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of
this decade, unless there is a precipitous drop in demand, according to the
results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to
come on stream over the next six years are unlikely to boost supplies enough
to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up
dates from 2004 through 2010. In total, these projects would add around 12.5
million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset
diminishing supplies from existing sources and still meet growing global
demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production
declines elsewhere due to natural depletion, the study found. A modest one
percent annual rise in demand over the six-year period would then leave
little or no surplus capacity to cushion against unforeseen disruptions in
supply.
If demand were to increase by two percent annually, available supplies could
fall short of the total needed in 2010 by more than two million barrels a
day – roughly equivalent to losing all of Kuwait’s current daily production.
“With most producers operating flat out to meet runaway demand increases
this year, the world’s immediately available spare production capacity has
virtually disappeared,” Mr Skrebowski said. “This means that significant
additional supplies in the near-to-medium term must come from new projects
already in the development pipeline.”
“We now see those projects providing surprisingly limited relief in terms of
incremental supply in coming years, and indeed physical shortages appear
ever more likely if demand remains strong,” he said.
“Even with relatively low demand growth, our study indicates a seemingly
unbridgeable supply-demand gap opening up after 2007,” he said.
more:
http://www.fromthewilderness.com/free/ww3/111707_oil_depletion.shtml
And what is your economic comment on this economic situation ??
Mine (not so revolutionary) is that price increases will balance
demand and supply.
In many countries tax fuels rather heavily
(to finance roads or generally finance government budget)
Maybe there will not be much space for further tax-increases
--
Posted by news://news.nb.nu
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| User: "Koyaanisqatsi Fahrvergnugen" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 05:44:31 AM |
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Jan Holland <txp2@wanadoo.nl> wrote in message news:<52q2r01bnd3u0pc7sl3rk31ib61gg279e5@4ax.com>...
On Fri, 03 Dec 2004 22:11:14 GMT, Free Speech <xxx@xxx.xxx> wrote:
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
more:
http://www.fromthewilderness.com/free/ww3/111707_oil_depletion.shtml
And what is your economic comment on this economic situation ??
Mine (not so revolutionary) is that price increases will balance
demand and supply.
In many countries tax fuels rather heavily
(to finance roads or generally finance government budget)
Maybe there will not be much space for further tax-increases
Discovery of real-time natural gas formation offers
prospect for renewable energy resource
http://www.physorg.com/news1987.html
November 16, 2004
Powder river basin could provide natural gas for
centuries instead of decades
Researchers at Luca Technologies, Inc. have made
a discovery regarding natural gas production in
Wyoming's Powder River Basin that could lead to a
renewable source of energy for generations to come.
The company today announced that laboratory
evidence shows that the Powder River Basin (PRB)
coals are generating natural gas in real time
through the ongoing activity of anaerobic microbes
(bacteria that live in the absence of oxygen)
resident in those coal fields. The company has
termed sites where this microbial conversion of
hydrocarbon deposits (coals, organic shales, or oil)
to methane occurs "Geobioreactors," and believes
the careful management of such sites may offer a
new long-term solution to U.S. energy needs. ..."
http://www.physorg.com/news1987.html
. . . . . . . . . . . . . . . . . .
C o n n e c t i n g t h e D o t s
http://69.28.73.17/thornarticles/dollariraq.html
What You Didn't Know About the Dollar & Iraq
by Mark Owen
The Federal Reserve is a system of private
banks separate and distinct from the U.S.
government. This banking system was originally
conceived by John D. Rockefeller and J.P. Morgan.
The FED, as it it known, is listed in the white
pages along with Federal Express, the Federal
Deposit Insurance Corporation, and other
businesses. The bank produces Federal Reserve
Notes. They use these notes/dollars to purchase
government bonds. These notes are a fiat currency.
Historically, all fiat currencies eventually
crash due to hyperinflation from over-issuance.
The supply of paper is limitless. There is no
intrinsic value in paper currency after delinking
from a gold standard. This is why they are
referred to as bank notes. Legally, they can't be
referred to as 'money.' They are mere
tickets/tokens. Forced tender laws were passed in
order to give the paper currency legitimacy.
The only thing giving bank notes value is TAXATION.
Gold and silver have intrinsic value due to
scarcity and the fact that it takes work to
produce them (mining, smelting etc). This is why
they have been used as money for 5000 years.
Precious metals are a good store of value.
They retain their value over time and aren't
subject to inflation. The fiat paper system is
designed to create debt through inflation
(devaluation of currency). Whenever there is an
increase in the money supply without a
corresponding increase in gold or silver backing,
inflation results. Inflation is a subtle form of
theft banks impose upon citizens.
Goodbye gold-
In the 1960s Lyndon Johnson borrowed billions
from the French Rothschilds so he wouldn't
have to raise taxes to finance the Viet Nam
war. Rothschild agent Charles de Gaulle
demanded repayment in gold, not greenbacks.
When Richard Nixon was elected he noted that
the treasury was almost depleted of gold and
he removed the dollar from the gold standard.
But the debt still stood. Nixon collateralized
the debt with the mineral estate of the
western U.S. and a land-for-debt swap was
initiated. Much of the western States were
given to the banks. This is when Nixon created
the Environmental Protection Agency.
Their mandate was/is to PREVENT American
citizens from logging, farming, ranching or
otherwise exploiting these lands being held
for the banks. The Bureau of Land Management
and other agencies are used to harass ranchers
and farmers from the land.
So, what does the foregoing have to do
with Middle East? Plenty.
All central banks of the world hold U.S. dollar
reserves equivalent to the local currency in
circulation to facilitate trade. The dollar is
the biggest American export. It is impossible
to overstate this. Also, when any country
wishes to purchase oil, they must first convert
their local currency to U.S. dollars and then
purchase oil from the cartels. This is the
arrangement hammered out between the U.S. and
Saudi Arabia in 1974. The quid pro quo was
that the U.S. armed the Saudis to the teeth.
In the last two years the euro currency has
gained 30% relative to the U.S. dollar.
The European banks are seeking to have the
euro accepted as the new world reserve
currency. Countries like China and Japan
are sitting atop mountains of U.S. dollars
that are being daily devalued. Since the
U.S. dollar is printed by the FED at will
and without restraint (and is not linked to
gold), Americans are essentially getting the
world's oil for free (it costs the FED
around 4 cents to print a one hundred dollar
Federal Reserve note). France and Germany
would like a piece of the free oil pie.
FED chairman Alan Greenspan is forced to feed
the recovery myth or risk a panic sell-off of
dollars. This past spring he tripled the
money supply to $50 billion per week. This is
making even seasoned economists nervous.
In August, Morgan Stanley chief economist
Stephen Roach predicted a stock market crash
on the scale of 1987s Black Monday.
"The funding of America is an accident
waiting to happen," he declared.
In speeches made outside of the U.S. (and only
then) Greenspan has repeatedly warned of a
possible 'systemic collapse' of the financial
system. The printing of all of this paper is
leading to massive inflation. All commodities
have spiked from 10 to 90% over the last year.
$15 dollar jeans available from Wal-Mart
produced by slave labor in China somewhat
disguise this fact. Another trick the money
masters use to lull citizens is to
periodically and surreptitiously ditch dinosaur
industries from the DOW (like Kodak, this past
spring) and supplant them with high-tech
earners like Verizon, for instance.
This is not to say that U.S. companies aren't
investing billions of dollars in new
production; they are. It's just that it's in
China, not Ohio. China's quarter-trillion
dollar export boom is America's import deficit.
The debt-based credit inferno must create ever
larger volumes of debt (credit) to prevent a
financial implosion. The entire world growth
since 2003 depends on the record FED money
supply. Total U.S. debt now stands at $34
trillion. The U.S. GDP is $11 trillion.
This means that debt is 3 times GDP, greater
even than the depression of the 1930s.
But happily for American citizens, the Federal
Reserve of Cleveland commissioned a study
recently on ways to diffuse this massive debt
bomb. Options discussed included:
- doubling payroll taxes from 15.3%
of wages to 32% immediately and forever
- raising income taxes by two thirds
immediately and forever
- cutting Social Security and Medicare
by 45% immediately and forever
- eliminating forever all discretionary
spending on courts, highways and parks
Enter Saddam-
In November 2000 Saddam Hussein tried to barter
Iraq's oil directly for euros. This would have
cut America out of its enormous subsidy and
started a stampede of other OPEC members to
embrace the euro. This simply would not stand.
9-11 was the pretext used to boot Saddam.
Bush couldn't get America's moms to sacrifice
their children for dollar hegemony and the
terrorist bogey was activated.
Fourteen huge, permanent bases are currently
under construction in Iraq, along with the
world's biggest embassy in Baghdad (3,500
employees, and counting). Bush will continue
on a permanent war footing in the Middle East
in order to protect U.S. dollar hegemony.
There is no other option. All future wars will
be run out of Iraq. Iran has been making noises
lately about ditching the U.S. dollar in favor
of the euro, as have the Saudis. They're next.
The U.S. will dismantle OPEC and surround
Saudi Arabia, keeping their hand firmly on the
oil spigot. This is the essence of the
petro-dollar warfare that we are witnessing,
in a nutshell....
http://69.28.73.17/thornarticles/dollariraq.html
. . . . . . . . . . . . . . . . . .
Sermon On The Mount
http://tinyurl.com/6nt84
The "Depth of Threat"
http://www.thesecularspirit.com/text/torture.html
Senate Hearing on MKULTRA
http://www.totse.com/en/politics/central_intelligence_agency/
OUTFOXED: Rupert Murdoch's War on Journalism
http://www.outfoxed.org/OutfoxedSummary.php
FoxNews: "Sex Tapes" [FREE!]
http://tinyurl.com/4lsbe
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 09:05:50 AM |
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On 4 Dec 2004 03:44:31 -0800, (Koyaanisqatsi
Fahrvergnugen) wrote:
Discovery of real-time natural gas formation offers
prospect for renewable energy resource
http://www.physorg.com/news1987.html
November 16, 2004
oh and one more point, there's no enough natural gas there to keep the city
of NY operational, let along the entire world.
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 09:33:10 AM |
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On 4 Dec 2004 03:44:31 -0800, (Koyaanisqatsi
Fahrvergnugen) wrote:
The only thing giving bank notes value is TAXATION.
Wrong. The only thing giving the federal reserve's fake money value is a
commodity which the public is willing to invest in or buy.
what makes the pyramid scheme very precarious and dangerous is when the fake
money itself becomes a commodity. If the underpinning commodity supporting
the fake money becomes unavailable, the entire 'economic' system or con
collapses. And the underpinning of the federal reserve is energy -- OIL.
And oil is about to become a thing of the past on this planet. As well as
money.
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| User: "Free Speech" |
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| Title: Bye Bye Federal Reserve Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 09:34:26 AM |
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On 4 Dec 2004 03:44:31 -0800, (Koyaanisqatsi
Fahrvergnugen) wrote:
The only thing giving bank notes value is TAXATION.
Wrong. The only thing giving the federal reserve's fake money value is a
commodity which the public is willing to invest in or buy.
what makes the pyramid scheme very precarious and dangerous is when the fake
money itself becomes a commodity. If the underpinning commodity supporting
the fake money becomes unavailable, the entire 'economic' system or con
collapses. And the underpinning of the federal reserve is energy -- OIL.
And oil is about to become a thing of the past on this planet. As well as
money.
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 09:03:49 AM |
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On 4 Dec 2004 03:44:31 -0800, (Koyaanisqatsi
Fahrvergnugen) wrote:
natural gas for
centuries instead of decades
worthless except for generating electricity and heating homes.
and it's no renewable and natural gas is nearly depleted
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| User: "Art Deco" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 10:43:50 AM |
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Free Speech <xxx@xxx.xxx> wrote:
On 4 Dec 2004 03:44:31 -0800, (Koyaanisqatsi
Fahrvergnugen) wrote:
natural gas for
centuries instead of decades
worthless except for generating electricity and heating homes.
and it's no renewable and natural gas is nearly depleted
Is this your profession opinion, Alexa? Or did the aleuns email this
info to you?
BWHAHAHAHAHAHAHAHAHAHAHA!
--
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 08:55:36 AM |
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On Sat, 04 Dec 2004 08:36:44 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
And what is your economic comment on this economic situation ??
The economic impact will be totally devastating and the world's wealth will
be totally devalued. We will be thrown into communistic living relying on
atomic energy for electricity. It is likely that a foreign power will begin
mass sell of fuel cells for personal use. Automobiles will become obsolete.
.
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| User: "Jan Holland" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:00:35 AM |
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On Sat, 04 Dec 2004 14:55:36 GMT, Free Speech <xxx@xxx.xxx> wrote:
On Sat, 04 Dec 2004 08:36:44 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
And what is your economic comment on this economic situation ??
The economic impact will be totally devastating and the world's wealth will
be totally devalued.
The money value maybe/probably yes, but
the real value ?
When the prices of houses double (or halve),
does the real value diminish ?
It is still the same house isnt it?
But demand will change, because
the _expectations_ of the price will change,....
When the dollar devalues,
everybody will run away from the dollar (and into goods/euri/yens) ,
so that will drive up the dollar price of everything.
That looks like more value ....
We will be thrown into communistic living relying on
atomic energy for electricity.
Why is that communistic ?
and
Why is that an economic conclusion ?
It is likely that a foreign power will begin
mass sell of fuel cells for personal use.
BMW believes more in improving efficiency of diesel/benzine motors ...
Automobiles will become obsolete.
You need serial infrastructures for that
(in stead of network cities like now)
--
Posted by news://news.nb.nu
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:37:27 AM |
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On Sat, 04 Dec 2004 18:00:35 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
The money value maybe/probably yes, but
the real value ?
Money never had any real value. How much are the molecules in the currency
you have in your wallet worth?
the bottom line is the only things worth a dam on this planet which have
REAL value is that which promotes survival of the physical being.
Food shelter and clothing. All else is worthless.
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| User: "Free Speech" |
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| Title: Lockheed Martin Has Ion Engines Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:40:51 AM |
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On Sat, 04 Dec 2004 18:00:35 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
The money value maybe/probably yes, but
the real value ?
Money never had any real value. How much are the molecules in the currency
you have in your wallet worth?
the bottom line is the only things worth a dam on this planet which have
REAL value is that which promotes survival of the physical being.
Food shelter and clothing. All else is worthless.
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 08:59:06 AM |
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On Sat, 04 Dec 2004 14:55:36 GMT, Free Speech <xxx@xxx.xxx> wrote:
On Sat, 04 Dec 2004 08:36:44 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
And what is your economic comment on this economic situation ??
The economic impact will be totally devastating and the world's wealth will
be totally devalued. We will be thrown into communistic living relying on
atomic energy for electricity. It is likely that a foreign power will begin
mass sell of fuel cells for personal use. Automobiles will become obsolete.
oh, and air travel will be impossible. all mass transit will cease.
building will cease, the plastics & chemical industry will cease as well as
most industry in the world.
.
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| User: "Art Deco" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 10:46:00 AM |
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Free Speech <xxx@xxx.xxx> wrote:
On Sat, 04 Dec 2004 14:55:36 GMT, Free Speech <xxx@xxx.xxx> wrote:
On Sat, 04 Dec 2004 08:36:44 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
And what is your economic comment on this economic situation ??
The economic impact will be totally devastating and the world's wealth will
be totally devalued. We will be thrown into communistic living relying on
atomic energy for electricity. It is likely that a foreign power will begin
mass sell of fuel cells for personal use. Automobiles will become obsolete.
oh, and air travel will be impossible. all mass transit will cease.
building will cease, the plastics & chemical industry will cease as well as
most industry in the world.
More TEOTWAWKI, Alexa? Why don't you go start yet another thread about
the extraterrestrial cardboard saucer at Groom Lake instead?
--
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| User: "Jan Holland" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:02:29 AM |
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On Sat, 04 Dec 2004 14:59:06 GMT, Free Speech <xxx@xxx.xxx> wrote:
On Sat, 04 Dec 2004 14:55:36 GMT, Free Speech <xxx@xxx.xxx> wrote:
On Sat, 04 Dec 2004 08:36:44 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
And what is your economic comment on this economic situation ??
The economic impact will be totally devastating and the world's wealth will
be totally devalued. We will be thrown into communistic living relying on
atomic energy for electricity. It is likely that a foreign power will begin
mass sell of fuel cells for personal use. Automobiles will become obsolete.
oh, and air travel will be impossible. all mass transit will cease.
building will cease, the plastics & chemical industry will cease as well as
most industry in the world.
Because a _part_ ot world (ic US) will have a deflation
(after a hyper inflation).
The new demand from China/India might
as well compensate that .....
Newer economies buy much more then older ones ...
--
Posted by news://news.nb.nu
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:46:15 AM |
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On Sat, 04 Dec 2004 18:02:29 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
Newer economies buy much more then older ones ...
There won't be an economy in the future.
It's all passe now.
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 09:43:05 AM |
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On Sat, 04 Dec 2004 08:36:44 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
On Fri, 03 Dec 2004 22:11:14 GMT, Free Speech <xxx@xxx.xxx> wrote:
ODAC | The Oil Depletion Analysis Centre
140 Fortess Road London NW5 2HP England
+44 (0)20 7424 0049 www.odac-info.org
NEWS RELEASE
For Immediate Release:
Tuesday, 16 November 2004
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of
this decade, unless there is a precipitous drop in demand, according to the
results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to
come on stream over the next six years are unlikely to boost supplies enough
to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up
dates from 2004 through 2010. In total, these projects would add around 12.5
million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset
diminishing supplies from existing sources and still meet growing global
demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production
declines elsewhere due to natural depletion, the study found. A modest one
percent annual rise in demand over the six-year period would then leave
little or no surplus capacity to cushion against unforeseen disruptions in
supply.
If demand were to increase by two percent annually, available supplies could
fall short of the total needed in 2010 by more than two million barrels a
day – roughly equivalent to losing all of Kuwait’s current daily production.
“With most producers operating flat out to meet runaway demand increases
this year, the world’s immediately available spare production capacity has
virtually disappeared,” Mr Skrebowski said. “This means that significant
additional supplies in the near-to-medium term must come from new projects
already in the development pipeline.”
“We now see those projects providing surprisingly limited relief in terms of
incremental supply in coming years, and indeed physical shortages appear
ever more likely if demand remains strong,” he said.
“Even with relatively low demand growth, our study indicates a seemingly
unbridgeable supply-demand gap opening up after 2007,” he said.
more:
http://www.fromthewilderness.com/free/ww3/111707_oil_depletion.shtml
And what is your economic comment on this economic situation ??
The Federal Reserve will collapse. Money will become obsolete.
Message-ID: <a7m3r01eesjesg9csjdm29ob4f7k1eqdob@4ax.com>
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| User: "Art Deco" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 10:46:47 AM |
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Free Speech <xxx@xxx.xxx> wrote:
The Federal Reserve will collapse. Money will become obsolete.
What will replace your government check then, Alexa?
--
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| User: "Jan Holland" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:03:38 AM |
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On Sat, 04 Dec 2004 15:43:05 GMT, Free Speech <xxx@xxx.xxx> wrote:
(...)
The Federal Reserve will collapse. Money will become obsolete.
The dollar may be, but why euro/yen ?
--
Posted by news://news.nb.nu
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| User: "Art Deco" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:09:29 AM |
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Jan Holland <txp2@wanadoo.nl> wrote:
On Sat, 04 Dec 2004 15:43:05 GMT, Free Speech <xxx@xxx.xxx> wrote:
(...)
The Federal Reserve will collapse. Money will become obsolete.
The dollar may be, but why euro/yen ?
Welcome to AlexaWorld(tm). Please check your brain at the door.
--
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| User: "Free Speech" |
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| Title: Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 11:46:40 AM |
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On Sat, 04 Dec 2004 18:03:38 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
On Sat, 04 Dec 2004 15:43:05 GMT, Free Speech <xxx@xxx.xxx> wrote:
(...)
The Federal Reserve will collapse. Money will become obsolete.
The dollar may be, but why euro/yen ?
All based on energy.
.
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| User: "Free Speech" |
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| Title: Bye Bye World Currency Re: 2007: World Oil Reserve Unable to Meet World Demand -- That's TWO YEARS FROM NOW |
04 Dec 2004 12:04:58 PM |
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On Sat, 04 Dec 2004 18:03:38 +0100, Jan Holland <txp2@wanadoo.nl> wrote:
On Sat, 04 Dec 2004 15:43:05 GMT, Free Speech <xxx@xxx.xxx> wrote:
(...)
The Federal Reserve will collapse. Money will become obsolete.
The dollar may be, but why euro/yen ?
All based on energy.
.
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