petersterling

Will Global Events Keep Oil Above $100?

Arab world fears an Iran war may be impending

DEBKAfile Exclusive Report

August 18, 2008, 10:10 PM (GMT+02:00)
USS Ronald Reagan

USS Ronald Reagan

DEBKAfile’s Middle East sources report that the Iranian satellite carrier space launch Sunday, Aug. 17, was prompted by a joint caution to Tehran from Saudi King Abdullah and Egyptian president Hosni Mubarak.

After their meeting Saturday, the spokesman of the presidential palace in Cairo, Suleiman Awwad, said: Iran should not present on a silver platter the “justifications and pretexts for those [US and Israel] who want to drag the region down a dangerous slope.”

This warning was interpreted by the London Arabic daily Al Quds as a warning to Tehran that an attack is impending by the US, some European nations and Israel.

The article recalled the fate of Saddam Hussein “who didn't adequately refute claims over Iraq's supposed weapons of mass destruction.”

Tehran immediately responded to the warning by launching the Safir satellite carrier into orbit, thereby exhibiting a ballistic missile capable of reaching outside the Middle East, as far as Britain and France, should they decide to join an American attack on Iran, as well as US military installations on that continent.

Our military sources report that the war scare in Cairo and Riyadh also infected Kuwait.

Last week, the small oil emirate placed its military on “war alert,” to avoid being caught off-guard by a possible conflict in the region. On Saturday, Kuwait boosted its naval force in the Persian Gulf to ward off a possible Iranian reprisal against its oil installations if attacked.

The scare was fed by the impending arrival of the USS Theodore Roosevelt, the USS Ronald Reagan, and the USS Iwo Jima in the Persian Gulf to reinforce the US strike forces in the region, as first revealed by DEBKAfile on August 11.

They are to join the USS Abraham Lincoln, which is patrolling the Arabian Sea opposite Iran, and the USS Peleliu, on beat in the Red Sea and Gulf of Aden. This deployment would be the largest naval task force the US and its allies had massed in the region since the 1991 Gulf War.

A US Pentagon spokesman last week denied that these forces were gathering to impose a partial naval blockade on Iran, but declined to disclose their mission. The denial apparently failed to convince the rulers of Saudi Arabia, Egypt and Kuwait.

Will Global Events Keep Oil Above $100?

Everyone's forgotten that there are no less than five US aircraft Carriers and support vessels off Iran, loaded for bear.....

Events in Russia Could Push U.S. Toward a Clearer Energy Policy

In other words, our policy is to maintain our dependence on the internal combustion engine.

It would be a set up for a hilarious "Peter Sellers" comedy if it wasn't destroying this economy.

Do We Need an Alternative Energy 'Manhattan Project'?

America could easily be energy independent in ten years by aggressively developing its own oil and gas resources. But that would require a majority of congressmen to be capable of conscious thought!

See; www.strategicnine.com/...

The Obama/McCain Energy Charade: Nothing But Empty Ideas

Forget the idiots in Washington. If you gave them control of a desert, there would be a shortage of sand within 5 years!

buy my company; AOAG a lowly pink sheet stock. Its a very speculative play , which might secure largish oil gas reserves if OCS is opened up

What We Can Do To Reverse the Oil Crisis

America has untold billions of barrels of oil available that is owned by the people, all locked away by Congress.

Timeline Lies

Many shortsighted politicians dismiss the opening up of US moratorium areas with statements such as, “it would take decades to bring the oil and gas to market, so let’s not bother”. This a not correct.

Its simple to get new American energy supplies quickly, Appeal to Corporate Greed: If oil companies are given enough financial incentives, they will move much faster than anyone believes and could find and start producing new oil and gas within 2-3 years, then ramp quickly up to produce enough energy to completely replace oil imports within 10-12 years.

With gas prices reaching deeper into motorists' pockets, attitudes about offshore oil drilling are shifting even in normally greener-than-thou California, with a majority of individuals and elected officials advocating its expansion. July 1st, 2008; The number of Democrats who said they saw increased production as the top priority jumped by 16 percentage points since February to 46 percent. There has been a dramatic increase in a span of just five months in the support for energy exploration and production among groups that have traditionally championed conservation as being the answer to the country's energy problems.

Oil and gas prices that have doubled in the past year have squeezed aside the war in Iraq as the No. 1 issue this election year and both parties are blaming each other for the price spike -- and for apparent congressional paralysis. Both the candidates' own advisers -- admit none of their energy proposals will have any impact on $4 gasoline or $130 a barrel oil in the near term, or even the intermediate term.

Come November any candidate for any seat who does not wholeheartedly support developing America's own energy resources immediately, is likely to get hit by a virtual "voter rejection train", poetically loaded with imported $5 a gallon gasoline from Chavez, Iran and Russia.


Continued US drilling restrictions will further exacerbate the global demand-supply imbalance, and send “futures” prices even higher. If we tell the world today that we are launching an Energy-Manhattan-Proje... if that call is clear and unequivocal, then it will have an impact on the futures market and lower prices.

By imposing bans on leasing, and encouraging environmentalists to challenge seismic and drilling permits on existing leases, politicians ensure that we will never increase our proven reserves. In fact, reserves will decrease, as we deplete existing deposits and don’t replace them. The rhetoric is clever – but disingenuous, fraudulent and harmful.

The IEA warned governments not to blame speculators. It said: "Like alchemists looking for a way to turn basic elements into gold, everyone wants a simplistic explanation for high prices," bluntly adding: "Often it is a case of political expediency to find a scapegoat for higher prices rather than undertake serious analysis or perhaps confront difficult decisions."

See; www.strategicnine.com/...

Many Forces Converge to Lift Oil Prices

America could, over a ten year period, switch largely to electic cars powered by ultracapacitor batteries such as are being developed in San Deigo by Maxwell Technologies and NessCap Co et-al. they promise a 400 mile range, 5 minute charge time, with half the weight of convenional hybrid battery packs and essentially unlimited life. Of course none of the major car companies are investing in these start-ups, as the car cos are run by dodos.

To provide the extra electricity via the grid will require more power stations. Natural gas is the environmentally clean fuel of choice today and strategicnine.com has very large reserves available off South Carolina to fuel cheap, clean gas-power stations. Onshore unconventional gas explorers are also finding large reserves in shales and coal seams. Strategic nine and others could easily supply the natural gas to power millions of electric cars.

Clean power (NasdaqGM: CLNE) can turn the same gas into compressed natural gas (CNC) and also run your car. Virtually every taxi in Australia has been using CNG for 20 years now. The conversion is simple and cheap.

Natural gas can now be converted to gasoline.

Another company unoilgas.com has a claim over maybe 400 billion barrels or more of oil and gas in the Arctic Commons, just offshore from Alaska, enough to last America for 100 years or more.

America's transpotation energy problems have been potentially solved, just not implimented yet due to the human pot-plants at the helm in our gov't agencies and most major oil-gas corporations.