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Oct 24, 2014

Posted on Oct 24, 2014 , 8:29 PM | Tags :
Local Editor | 

Is It A U.S.-Saudi Plan To Punish Oil-Rich Russia And Iran?

Gold prices are high these days, while oil prices are witnessing an accelerated dropping.
Chart: Gold prices in the last 30 days (source: Gold.org)
With the U.S. on track to become the world’s largest oil producer by next year, it’s become popular in Washington and on Wall Street to call America the new Saudi Arabia. Yet the real Saudi Arabia hasn’t relinquished its role as the producer with the most influence over oil prices. Its reserves of 266 billion barrels, ability to pump as many as 12.5 million barrels a day, and, most important, its low cost of extracting crude still make it a formidable rival to the U.S., whose shale wells are hard to exploit. Saudi Arabia is the only one in the position of putting more oil on the market when they want to and cutting production when they want to. Last month, despite a global glut developing largely because of China’s slowdown and the rapid increase in U.S. production, the Saudis boosted production half a percent, to 9.6 million barrels a day, lifting OPEC’s combined production to an 11-month high of almost 31 million barrels a day. Then, the first of this month Saudi Arabia lowered prices by increasing the discount it offered its major Asian customers. The kingdom might just as easily have cut production to defend higher prices.”
Chart: Oil prices in the last 30 days 
“Gold prices hit a fresh four-week high Tuesday, as investors rushed into the metal amid gloomy economic data and turbulent stock markets in Europe and Asia.

Gold for December delivery, the most actively traded contract, closed up $4.30, or 0.3%, at $1234.30 a troy ounce in the Comex division of the New York Mercantile Exchange. Earlier in the session, prices hit $1238.60, their highest level since Sept. 17.

“However, in terms of crude oil production, Russia is still the world’s leader with 10.1 million barrels per day, with Saudi Arabia coming in second with 9.7 million barrels per day. The IEA says the US could catch up with Saudi Arabia and Russia in crude production by the end of the decade, but still hasn't broken the 9 million barrel per day benchmark.

Production in Russia has fallen in recent months, and could be hit further in the wake of sanctions, which will deprive Russian companies of EU and US partners in Arctic, deep-sea, and shale projects. A quarter of Russia's total oil production depends on shale.

The sanctions will also create problems for Western companies like ExxonMobil, BP, Shell and others, who have joint ventures worth billions of dollars in Russia.”

Matt O'Brien says on elevated Gold prices: “Let's put it all together. The best we can say is that something happened, and now the economy needs bubbles or negative real rates to get people to invest enough. It'd be nice if we could be more specific than that, but we can't really. What we can say, though, is this is a problem that might not go away anytime soon. Household deleveraging and low population growth should keep pushing rates down for awhile.

Now let's back up. Why are negative real rates such a bugaboo? Well, because the Federal Reserve might not be able to give them to us. The Fed can't cut rates below zero and it won't let inflation go above 2 percent, so the lowest real rates can go is -2 percent. But if the economy needs lower ones than that — say -7 percent, like it did during the crisis — it will just collapse”.


Posted on Oct 24, 2014 , 6:41 PM | Tags : , ,
Dozens of Israeli rightists late Thursday protested at the site of a suspected attack which left a three-month-old baby dead, witnesses said.
Protesters held aloft signs reading "Death to Arabs!" and "Revenge" by the Ammunition Hill light rail station in Sheikh Jarrah.
Israeli rightists hold anti-Palestinian demo at light rail station (© Ma'an News Agency )

There were reports of attempted assaults on Palestinians as they crossed the road in the area, with Israeli forces deploying to prevent such incidents.
Israel immediately labeled the incident on Wednesday as a "terrorist" attack, while the Palestinian suspect's family denied that it was intentional.
Source: Ma'an News
Posted on Oct 24, 2014 , 6:18 PM | Tags : , ,
Why is it that no matter whether Democrats or Republicans win the presidency, our country continues to suffer? The answer to this question reveals a stealthy shift that has occurred in American politics involving both parties, resulting from a shift of the NeoConservatives from one party to the other.








Oct 21, 2014

Posted on Oct 21, 2014 , 8:44 PM | Tags : , ,
Not only did the “world change” on that day, but the lexicon of that world changed as well. Phrases like ‘war on terror’ and ‘axis of evil’ became the new stereotypes of American foreign policy. Al-Qaeda went from legitimate enemy to a scapegoat-like collective term for anything the White House and Pentagon wanted to achieve. More money? Yes, it’s necessary to continue the war on terror. More troops? Yes, to battle Al- Qaeda and prevent attacks on American soil. Since 2001, the military’s cumulative spending has reached a staggering $6 TRILLION. The war in Iraq has so far cost the United States $140 billion just in interest.
The U.S. war on terrorism / causalities (RT ©)
Many were content to blame all this on the war machine of the Bush administration, and many Americans hoped that with Barack Obama a new, more peaceful, era would begin. But despite their differences, there are just too many eerie similarities between the two.

Both men sought United Nations approval for their attacks – and each justified their pre-emptive attacks on “humanitarian” grounds. Both called their actions ‘pre-emptive’ – saving the world from weapons of mass destruction purportedly hidden by Saddam Hussein, and a potential slaughter in Libya. Interestingly enough, both Iraq and Libya have vast oil reserves, both Hussein and Gaddafi were very much anti-Israeli in their policies and neither Bush nor Obama presented clear-cut exit strategies for their campaigns.

Source: RT

Posted on Oct 21, 2014 , 8:19 PM | Tags :
There is no specific formula for creativity. However, there are many tips and techniques that being acquired by experience and curious 'learning', but first of all, I believe that the process is accumulative and not just like easy.

1. Be Patient:
Patience is, by far, the second most important factor. Every e-author or editor or blogger wants to deliver his/her 'message' to audience. Nevertheless, Google has changed its searching 'algorithm' this year (2014), so new bloggers must be patient to guarantee "on-ground feet" within millions of websites.

2. Original Content:
Don't steal contents. Search engines are smarter than ever. Every day, I catch stolen ideas but I don't care as I know readers are too smart to "catch" thieves. However, Quotations, citing and references apply credibility to your content, so don't be hesitated to refer and backlink to the source or more info. sites. Original content is, by far, the most important factor.

3. Respect Your Concept:
If the option between your concept and popularity (high ranking), I will recommend you (and I) to choose your concept, because simply your site/blog would be deformed from the content point of view.

4. Contact Blog Mates And Admiring Web Masters.
Don't be hesitated to contact other bloggers and/or writers. This will add experience, on one hand. And assist you to deliver your contents, on the other hand.

5. Link Your Blog To Social Media:
An important step, albeit I hate facebook.

6. Good Luck. 


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