Category: Oil


Prediction: Computers at SWIFT May Stop a War

SWIFT handles financial transactions for around 7800 financial institutes in more than 200 countries. The Society for Worldwide Interbank Financial Telecommunication was founded in 1973 and transfers finances between banks, brokers and stock exchanges.


This Belgian company handles $6 Trillion in internalional bank transfers daily. Under US pressure SWIFT will stop Iran from using its system by just deleting the Iranian bank funds transfer account number. So what says India and China, who may purchase oil with gold bullion driving the value of the dollar down.

India Buying Iranian Oil With Gold Bullion, China May Follow

SWIFT CUTTING OFF IRAN MAY NOT WORK WHY?
3/15/12: White House Press Briefing View full article »

HUA SAN THE WORLD’S LARGEST OIL TANKER


Solution: by President of Royal Dutch Shell

  • Raise Oil Production in the USA from 7,000,000 to 10,000,000 Barrels Per Day
  • Convert Natural Gas and Coal and BioFuels to Cover 3,000,000 Barrels Per Day
  • Increase Auto and Truck Efficiency and Conservation to Make up the Rest

  • [Click Picture to Expand, Source>>>>]

    John Hofmeister, President, Citizens for Affordable Energy
    Former President of Royal Dutch Shell

    Oil Consumption Key Statistics in Review

  • 18,500,000 Barrels Daily USA’s Requirement
  • 7,000,000 Barrels are Produced Each Day in the USA
  • 10,500,000 Imported to Cover the Short Fall
  • China is Lending Billions to Oil Rich Countries to Secure Supplies

  • China’s Daily Demand 4,000,000 Barrels Just 10 Years Ago
  • China Consumption is 9,000,000 Today and By 2015 15,000,000 Barrels
  • India 4,000,000 Barrels Today and By 2015 7,000,000
  • Problem John Hofmesiter Points Out is the World Does Not Have Enough Oil to Meet That Projected Demand

    View full article »

    INTERNATIONAL CHOKE POINT GULF NARROWS TO 34 MILES

    The following comments from Caitlin Talmadge, a political scientist at George Washington University: “There are also some recent signs that Iran itself understands the additional economic and political costs it would pay in the event that oil could not get out of the Strait. After all, Iran’s own economy depends on the ability to export oil and to import refined gasoline, as does the economy of one of its major international patrons, China. It is hard to imagine that aggression in the Strait would provoke anything but a strengthened international coalition against Iran though it is possible that the regime sees domestic political benefits in the current crisis, or is intentionally using it as a way to drive up oil prices.” [Source: The Monkey Cage, Blog of the Year]

    U.S. would probably capture and hold the Islands of Hormuz which would not be returned anytime soon leaving another long term military base that the Pentagon would need to budget for.

    OIL PRICES TO CLIMB AS A RESULT OF IRANIAN SANCTIONS

    Caitlin Talmadge: Is an Assistant Professor of Political Science and International Affairs at the George Washington University, where she is on the faculty of the Political Science Department and the Elliott School of International Affairs.

    [Picture Source: Washington Post]

    Peak Oil & $225 Oil by 2012

    Upsides

    • “More carpooling, fewer people on the freeways, more telecommuting — in many ways, what would happen is what people have been trying to make happen for a long time,”
    • California has seen a jump in drilling activity as oil companies try to extract more crude from the state’s fields. Regulators expect a record 4,000 wells to be drilled in the state this year.
    • “Every rig and every crew that’s available is working right now,” said Hal Bopp, the state’s oil and gas supervisor.
    • Alternative-fuel vehicles become more cost-effective as all-electric sports car, could become important leaders in an emerging industry.
    • Upswing in local business as families look for less-expensive vacation alternatives close to home.
    • In Southern California, with its many natural wonders, theme parks and other attractions, the prospect of a “staycation”
    • And spending less time stuck in traffic on the 405? Priceless.
    • [Source: LA Times]

    Get the latest infographic on what is the cause?
    Downsides Highlights and Is Google going Nuclear?
    View full article »

    “Panetta believes there is a strong likelihood that Israel will strike Iran in April, May or June — before Iran enters what Israelis described as a “zone of immunity” to commence building a nuclear bomb.”

    “U.S. officials see two possible ways to dissuade the Israelis from such an attack: Tehran could finally open serious negotiations for a formula to verifiably guarantee that its nuclear program will remain a civilian one; or the United States could step up its covert actions to degrade the program so much that Israelis would decide that military action wasn’t necessary.”

    [Source: By David Ignatius, Published: February 2, Washington Post]

    [Panetta Israel Flag Photo Credit]