CNN--Mark Kovac, a BP employee, says that their Prudhoe Bay operation could wind up worse than the Gulf. Randi Kaye reports.
Thursday, June 24, 2010
Gazprom accuses Belarus of having taken 20% of gas for Europe
June 24 - The Russian gas giant Gazprom accuses Belarus of having taken 20% of gas for Europe. Still, Gazprom announced that it paid for its gas transit through Belarus $ 228 million, a sum covering the period from November to December 2009 to early 2010. The company 'paid $ 1.45 per thousand cubic meters of gas transported a hundred miles, for a total of $ 228 million.
Rise Of The New Gold Rush
Neithercorp Press
December 22, 2010
They called us “kooks” and “crackpots”. They said our ideas were outdated and incompatible with modern finance. They said it wouldn’t last. Oh yes, Gold, they said, was a silly investment with no inherent value, and soon, precious metals investors would be “wiped out” by the “inevitable implosion of the gold bubble” (gold bubble….?). Mainstream establishment economists and Keynesians have been yipping and snarling like overanxious Chihuahuas for the past two years against gold and silver, most specifically their use as a hedge against collapse in stocks and currencies.
The vitriol they have aimed at PM’s and PM enthusiasts, though, borders on the obsessive. If we are all “crazy survivalists” and Y2K’ers, then why bother with us? Wouldn’t the folly of our financial strategy be blindingly evident to the majority of investors if we really are all madmen waiting for the seas to boil? If there is no chance of monetary implosion, why bother to plead and beg with the average American NOT to buy gold? Why invent wild generalizations and stereotypes of precious metals investors to dissuade the public from examining our model for economic security? Wouldn’t the mere passage of time prove us inaccurate? What is it about gold that frightens them so…..?
As it turns out (and just as we expected), gold and silver have held strong and even made record gains. Gold is one of the top performing investments of the decade, rising over 277% in value from 1999 to 2009:
Read entire article
Via Infowars.com>>>
Bob Chapman : Greece will default The Euro will be Gone in a couple of years
Bob Chapman on Radio Liberty 21 June 2010 - The Economy & World Europe, Greece, the Dollar
WTO will collapse says Bob Chapman"All the central banks involved are broke or virtually broke. If they are not broke why is their condition a big secret? The Bundesbank told Spain last week that we do not want stress test results made public. The reason obviously was because of the sad condition German banks are in and their penchant again to keep everything secret. These are the same people who want a one-world currency in the form of an SDR, which is worthless, because it has no backing. It is just another fiat currency. They all are in such bad shape they cannot even sterilize their interventions. The new trillions we see in the system in Europe and the US cannot be sterilized." From The International Forecaster of 23 june 2010
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
Black Beach: BP oil turns white sands ugly
A cap is back in place on BP's broken oil well after a deep-sea blunder forced crews to temporarily remove what has been the most effective method so far of containing some of the massive Mexican Gulf oil spill. Engineers used remote-controlled submarines to reposition the cap after it was off for much of the day. It had captured 700,000 gallons (2.7 million liters) of oil in 24 hours before one of the robots bumped into it.
Meanwhile white Florida beaches are now turning black. Video by Michael McLean.
Meanwhile white Florida beaches are now turning black. Video by Michael McLean.
Wednesday, June 23, 2010
Euro at 1.2276 U.S. dollars Jun 22
Exchange rates: Euro 1.2276 U.S. dollars
The dollar was 'trading at 90.380 yen, 1.1066 Swiss francs
Jun 22 - The euro was 'traded at $ 1.2276 after the close on Wall Street. While the dollar was 'trading at 90.380 yen and 1.1066 Swiss francs 0.67522 pounds.
The dollar was 'trading at 90.380 yen, 1.1066 Swiss francs
Jun 22 - The euro was 'traded at $ 1.2276 after the close on Wall Street. While the dollar was 'trading at 90.380 yen and 1.1066 Swiss francs 0.67522 pounds.
Gold slightly down on Asian markets
Jun 23 - Gold slight decline in Asian markets.
The precious metal yields 0.2% to $ 1,237.95 an ounce.
The precious metal yields 0.2% to $ 1,237.95 an ounce.
Gas War Moscow-Minsk The Whole EU under attack
Reduced supplies to Lithuania. Brussels says it is an attack against the whole EU
BRUSSELS, Jun 23 - The gas war between Moscow and Minsk made a first European victim: Lithuania, which depends on Russian supplies by 100%. The small Baltic Republic reported today in less than 40% of Russian gas transiting Belarus. The reaction of the EU commissioner for energy, the German Ottinger, 'was immediate and harsh:' It 's not a problem for one country, ' it is an attack against the entire European Union, 'he said after the meeting with Ukrainian Minister of Energy.
Oil: closing down in NY, -1.9%
Crude traded at $ 76.36 a barrel
NEW YORK, Jun 23 - Oil closed down in New York, where prices fall by 1, 9% at $ 76.36 a barrel.Oil rain: BP black gold lands on Louisiana
June 23, 2010 — Louisiana residents witness a strange rain that leaves oil puddles near their homes.Oil rain raining Louisiana gulf of mexico rig spill BP deepwater horizon
Bob Chapman : Raising Taxes is the worse thing to do in the worse time
John Stadtmiller - June 22 2010- Robby Noel, Bob Chapman- Roundtable
Highlights:
Robby might move to South Africa in September of this year. Budget director is leaving this summer, they might replace him with Laura Tyson. Congressional Budget office is saying 100 trillion in projected deficits.
Depression might last 10 or 20 years according to Bob if they raise taxes. The proverbial "Canary in the Coalmine" is California. When they fall, the rest will follow. In other states Billions might come out of pension funds.
Bob maintains that we still have a 1 1/2 years out yet. Barry is making mistakes that could backfire. Bob makes some other interesting observations. Arizona might move to not issue birth certificates to "anchor babies" (babies of illegal aliens).
Caller asks whats new with the E.U....Chapman says that Greece is getting closer to leaving the Euro and going back to the Drachma. What recourse do the German people have? There is tremendous dissent there especially with the increase of taxes there.
Half the Gulf is covered in oil and that is just what is visible. John mentions again about the methane gas and says the Gulf is dead. Bob wonders if the Gulf 'spill' will travel around the world...and calls it a false flag operation.
Nuking the Gulf was discussed, John says if they nuke the well it could cause a tsunami which could kill millions in Florida.
John goes into detail about what happened to Spain and uses the example of what will happen to us here in the U.S. John says the system will go down.
A lot of information was covered this week...
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
_________________________________________________
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them
Tuesday, June 22, 2010
Keiser Report: Gold grows on Armageddon
June 22, 2010 — In Episode №53 Max Keiser and co-host, Stacy Herbert, look at the latest scandals of financial news presenters speaking in tongues, EU commissioners threatening the return of dictatorships and European fund managers piling into Australian property. In the second half of the show, Max talks to the Financial Time's John Authers about his new book, The Fearful Rise of Markets.
Citimortgage CEO on Mortgage Aid
June 22, 2010 — Citimortgage CEO Sanjiv Das on the failure of government mortgage-assistance programs.
What is High Frequency Trading ?
High frequency traders took part of the blame for Wall Street's flash crash on May 6, 2010. Just what is high frequency trading. Nightly Business Report explains.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: From the second floor of this nondescript building in Red Bank, New Jersey, the high frequency trading firm Tradeworx buys and sells huge volumes of stocks in the blink of an eye. Tradeworx uses computers programmed to detect small price movements which can be exploited by nimble trading. Founder Manoj Narang says the strategy can be traced directly to decimalization, a rule change in 2000 requiring quotes in dollars and cents instead of fractions. That cut profits for market makers from several cents to a fraction of a penny per share. The only way to make money was to increase volume.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: From the second floor of this nondescript building in Red Bank, New Jersey, the high frequency trading firm Tradeworx buys and sells huge volumes of stocks in the blink of an eye. Tradeworx uses computers programmed to detect small price movements which can be exploited by nimble trading. Founder Manoj Narang says the strategy can be traced directly to decimalization, a rule change in 2000 requiring quotes in dollars and cents instead of fractions. That cut profits for market makers from several cents to a fraction of a penny per share. The only way to make money was to increase volume.
People Buying Gold Coins to Avoid Taxes : Roni Deutch
June 22, 2010 — Tax Attorney Roni Deutch argues people are buying gold coins as a way to evade taxes.
Bob Chapman : The Markets of Gold and Silver have always been rigged
Bob Chapman on Discount Gold and Silver trading 21 June 2010
Bob Chapman on The International Forecaster of the 16th June 2010 :"The foregoing events lead us to other manifestations of trouble, real trouble. For the past four years all currencies have fallen versus gold and silver. The US dollar has been falling for 11 years versus gold and silver. What gold is telling you is that the US, UK and European financial systems are on the way to collapse. The cover-up cannot go on and all the players know that. They are all living in the theater of the absurd. What politicians in all these countries are doing is what they are being told to do. If they do not do what they are told they will never hold public office or be a bureaucrat again. If what they do is serious enough they will be liquidated. What is happening financially, fiscally and monetarily is unnatural. There is absolutely no way the system can be fixed. If these politicians and their handlers believe this they are doomed. They have pulled this hundreds of times and each time they have been unsuccessful. This time will be a disaster for the Illuminists due to the Internet and talk radio. This time they will escape nothing. We live in a decadent, immoral financial system that has to fall. In this sort of environment only gold and silver can protect your assets."
BP CEO Tony Hayward Denies BP Recklessness Led to Gulf of Mexico Oil Disaster
Grilled by Lawmakers, BP CEO Tony Hayward Denies BP Recklessness Led to Gulf of Mexico Oil Disaster
Lawmakers accused BP CEO Tony Hayward of stonewalling on Thursday after hours of tough questioning about the oil spill his company caused that has spiraled into the worst environmental disaster in US history. Hayward was testifying before the House Energy and Commerce Committee. In seven hours of hearings, he faced a barrage of questions about BP’s cost-cutting measures and how early he was informed about problems with the well that exploded sixty days ago, on April 20th. We play excerpts.
Lawmakers accused BP CEO Tony Hayward of stonewalling on Thursday after hours of tough questioning about the oil spill his company caused that has spiraled into the worst environmental disaster in US history. Hayward was testifying before the House Energy and Commerce Committee. In seven hours of hearings, he faced a barrage of questions about BP’s cost-cutting measures and how early he was informed about problems with the well that exploded sixty days ago, on April 20th. We play excerpts.
Monday, June 21, 2010
BP Eyeing Bank Lines of Credit ?
June 21, 2010 — FBNs Charlie Gasparino weighs in on whether the oil giant will look to a bond deal in order to fund relief efforts.
Bankruptcy Would Be Disaster for BP
Gulf Oil Fund Administrator Kenneth Feinberg discusses whether BPs financial responsibilities will steer the company toward bankruptcy.
Public lynching of BP CEO
June 21, 2010 — Thursday BP CEO Tony Hayward made his way to Capitol Hill to get grilled by lawmakers who were hoping to find out the cause of the oil spill that has been devastating the Gulf for the past 8 weeks. The media circus and scene was eerily similar to the frenzy surrounding the grilling of Goldman Sachs executives a few months ago and the big 3 automaker CEOs two years ago. So what's up with America's obsession with the "public execution" of these CEOs?
Deutsch Bank is Bankrupt : Bob Chapman
Extract from the International Forecaster of 16 June 2010 :"US MARKETS
Were it not for the Federal Reserves purchase of Treasury and Agency bonds the US would already be unable to raise funds to service debt and issue new debt, and it would already have descended into national bankruptcy. It is no wonder the Fed does not want to be audited. Through various artifices the Fed has been purchasing US treasury paper. No one knows how much, because when asked the Fed says it is a state secret. That is what all Americans love. A country run in secrecy. A privately owned corporation operating under the cover of secrecy, and protected by a Treasury Department, that is under the control of the Fed’s owners. How is that for an incestuous relationship?
Government is desperately searching for more revenue to cover its massive deficit spending and to service existing mandatory programs. Taxes are being increased; some 19 new taxes, in the recently passed medical reform legislation. Unfortunately this isn’t enough. Of course, there is never enough."
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Were it not for the Federal Reserves purchase of Treasury and Agency bonds the US would already be unable to raise funds to service debt and issue new debt, and it would already have descended into national bankruptcy. It is no wonder the Fed does not want to be audited. Through various artifices the Fed has been purchasing US treasury paper. No one knows how much, because when asked the Fed says it is a state secret. That is what all Americans love. A country run in secrecy. A privately owned corporation operating under the cover of secrecy, and protected by a Treasury Department, that is under the control of the Fed’s owners. How is that for an incestuous relationship?
Government is desperately searching for more revenue to cover its massive deficit spending and to service existing mandatory programs. Taxes are being increased; some 19 new taxes, in the recently passed medical reform legislation. Unfortunately this isn’t enough. Of course, there is never enough."
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Lady Gaga Boycotts BP
Several celebrities, including one huge star, are now boycotting BP. But will a boycott help the crisis?
Max Keiser on Oil Spill: Rewarding Eco-Terror
Max Keiser on Oil Spill: Rewarding Eco-Terror
June 21, 2010 — This time Max Keiser and co-host, Stacy Herbert, look at the latest scandals of financial news presenters speaking in tongues, EU commissioners threatening the return of dictatorships and European fund managers piling into Australian property. Watch the full Episode №53 on Tuesday.BP rig worker reported oil leak weeks before Deepwater Horizon disaster
June 21, 2010 — A rig worker has claimed that he told both BP and the rig operator of a problem with a piece of equipment blamed by many for causing the oil spill in the Gulf of Mexico. He says he gave the warning weeks before the explosion at the rig, and says the problem was not fixed at the time. Tyrone Benton says that he spotted a leak on the rig's Blowout Preventer (BOP), the device that is meant to shut the well down if there is an accident. He told the BBC's Panorama programme that both BP and Transocean, who owned the rig, were informed of the leak, and the faulty part -- a control pod -- was switched off rather than being repaired. This comes as BP announced that the 2 relief wells that are being drilled to stop the oil spill will not be completed until August.
Sunday, June 20, 2010
BP accused of downplaying amount of gushing oil
AlJazeeraEnglish — June 20, 2010 — A US congressman has accused BP of playing down its concerns about the volume of oil gushing into the Gulf of Mexico.
Representative Ed Markey, the chairman of a subcommittee of the House Energy and Commerce Committee, released an undated, internal BP document, which estimates a worst-case scenario oil flow of 100,000 barrels (15.9 million litres) of oil per day.
"Right from the beginning, BP was either lying or grossly incompetent," Markey told NBC's Meet the Press programme.
"First they said it was only 1,000 barrels, then they said it was 5,000 barrels."
The current upper limit of the US government's estimate is 60,000 barrels per day.
Toby Odone, a spokesman for the British-based energy giant, said the worst-case estimate applied only to a situation in which a key piece of equipment called a blowout preventer was removed.
"Since there are no plans to remove the blowout preventer, the number is irrelevant," he said.
Al Jazeera's Rosiland Jordan reports.
Outrage as BP CEO Spotted at Yacht Race
Outrage as BP CEO Spotted at Yacht Race
June 20, 2010 (2:45)
BP CEO TOny Hayward is again the subject of intense criticism after the revelation he attended a yacht race 4,500 miles away from the Gulf of Mexico.
June 20, 2010 (2:45)
BP CEO TOny Hayward is again the subject of intense criticism after the revelation he attended a yacht race 4,500 miles away from the Gulf of Mexico.
BP OIL spill update with Captain Kelly Sweeny and Economic update
Captain Kelly Sweeney is a Master Mariner, holding the highest Captain's license the Coast Guard issues to commercial mariners. He graduated from the California Maritime Academy in 1983 with a Bachelor of Science degree in Nautical Industrial Technology. Captain Sweeney has worked on oil tankers, container ships, oceanographic ships, high-speed passenger vessels, large oil spill response vessels, fish processing ships, ocean-going tugboats, a car carrier, and a crew boat. He continues to go to sea for a living.
In addition to his career as a mariner, Captain Sweeney is also an experienced professional writer. He is a columnist for the widely circulated magazine "Professional Mariner," and is the author of the book From The Bridge.
With his wife, Frances, Captain Sweeney also operates Maritime Headhunters, a job placement and maritime career counseling company - and encourages interested Coast to Coast AM listeners to contact him there."
Gold peaks at $1263 - Robby Noel vs CNBC Jun 18 2010
CNBC maintains that Gold is in a bubble
CNBC maintains that Gold is in a bubble. Robby says CNBC is a worthless financial channel.
Gold peaked at $1263 but settled at $1257.
Silver peaked at $19.30 but settled at $19.19.
Robby maintains that the media is not focusing enough on the financial crisis. Caller mentions having difficulty trying to talk to friends about Zionism.
Robby explains when he was on the American Freedom Network and he did a interview with James Dobson. Robby questioned why were we going to war and alienated some people back then. Robby mentioned the manipulation during the first Gulf War where the media bought out that princess who said that Saddam was killing babies. Suddenly people were for the war.
Robby gives a background on how he came to realize Christian Zionism is a problem. He will be giving a announcement soon about when he will go back to South Africa.
Bob Chapman : Every major Bank in The US and Europe is Broke
Bob Chapman on The Sovereign Economist 16 June 2010
From The International Forecaster of the 16th June 2010 : "US banks are fighting to preserve the use of securities that help them appear better capitalized, even as their investments in each others notes perpetuate what one regulator calls a downward spiral of losses. The cross-ownership, largely unnoticed by bank supervisors who generally discourage the practice, was made possible by a Wall Street innovation like the ones that allowed subprime mortgages to flourish. Small lenders were able to sell trust-preferred securities, known as TruPS, because investment bankers packaged them with those issued by dozens of other financial institutions."
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Saturday, June 19, 2010
Crude Lies: Americans Not Getting Truth About Gulf Gusher
By Jim Traficant
America experienced long gas lines in the 1970s. Gasoline was rationed, fuel costs rising through the stratosphere. So Congress created a Department of Energy. Another bureaucracy, this time with one major goal: Reduce our dependence on foreign oil.
Sounded good, didn’t it? Wow, we’re finally going to do something about this oil thing. This trade deficit thing: oil. No more hard times. Yellow brick road forever.
Right. Who’s kidding whom? America is more dependent on foreign oil today than we were in the 1970s. So much for the Department of Energy. It’s nothing more than a big expense to taxpayers. The same goes for the Department of Education. States can handle their educational programs.
The truth is we have too much federal government— way too much. Think about it: There are more government workers today than factory workers in America. We have no program, no strategy of economic revival, but that’s a subject for another day. Today, it’s all about oil. Everyone is stunned by the oil spill in the gulf. Hour after hour, there are news updates on the massive leak of a BP well in the Gulf of Mexico. Some say up to 1 million gallons are flowing into the open water each day.
Engineers from all over the world are trying to stop the spill. Every possible methodology is being employed or subject to experimentation. Bottom line: In the next two months as much as 60 million gallons of oil will foul the gulf waters and beaches from Louisiana to Mississippi to Alabama to Florida.
The problem is much greater than the mainstream media is portraying. I do not believe that the American people are getting the unvarnished truth about this disaster. I believe BP and the government are hiding the true consequences of this, hoping against hope that a miracle will save the day and seal this huge fracture. But hope won’t get it. At least the American people can be informed, truthfully informed.
Just what is the truth? Let’s review some facts and analyze the “science” of this disaster.
Experts agree that the pressure that blows the oil into the gulf waters is estimated to be between 30,000 and 70,000 pounds per square inch. If they are correct, and I have no reason to doubt them, this spill is impossible to control. That’s right, I say impossible. There will be massive destruction in and around the gulf. The carnage to the United States will be staggering. Florida is in grave jeopardy, according to many scientists.
The scenario is clear: Super-high-pressure release of oil from the gulf floor is between 60,000 to 80,000 barrels per day. But that’s not all of it. In addition to the massive, high-pressure flow of oil and toxic gases, rocks and sand spew forth as well. This is dangerous.
These rocks and sand cause a sort of “sandblasting” effect on the remaining wellhead to be worn and thus, enlarged, causing an even greater, increasing flow. They now maintain that even if some device could be placed onto the existing wellhead, it would not be able to shut off the flow.
Be advised that the original wellhead piping is about two inches thick. It’s likely to be less than one inch thick now, and thinning, from this “sandblasting” effect. The oil has now reached the Gulf Stream and is entering the oceanic currents, which are four times stronger than the gulf current. What does this mean?
The science is clear: the strong oceanic currents will carry it throughout the world within 18 months. Scientists warn that the oil with the gases, including benzene and other toxins, are now depleting the oxygen in the water and will begin to kill all life in the ocean. The wellhead must be capped. Slant-drilled pressure relief “valves” will take two months to complete. If the sandblasting effect is not abated, the drilled hole in the Earth will enlarge itself beneath the wellhead and weaken the area the wellhead rests upon. The great pressure will blow the wellhead off the drilled hole, allowing unrestricted flow of oil.
Eventually, after several billion barrels of oil have been released, the massive cavity beneath the ocean floor will begin to normalize, allowing water to be forced naturally into the huge cavity where the oil was. The temperature in that cavity is 400 degrees, at minimum. The incoming water will be vaporized and turned into steam, creating an enormous force, which will actually lift the gulf floor.
One thing is certain: A massive tsunami wave between 20 to 80 feet high will be created while gravity forces the gulf floor to fall into the cavity. This is how nature seals the hole. Everything within 200 miles is in grave danger.
Man drilled the hole, but nature will seal it, if man fails to do so. This is no ordinary spill, folks. At least we should be informed—truthfully, that is. Get back at me.
| Not Copyrighted. Readers can reprint and are free to redistribute - as long as full credit is given to American Free Press - 645 Pennsylvania Avenue SE, Suite 100 Washington, D.C. 20003 | |||||
Rich Dad Prophecy : 2010 The year to become Rich
Robert Kiyosaki : 2010 the year of great opportunities - How can you profit from the bust ?
Robert Kiyosaki : knoweledge is the new money , opportunities and obstacles go hand in hand
Click Here to read Robert Kiyosaki Yahoo Finance article
In case you haven't heard, 2010 has the real possibility of being a really bad year financially for many by December. We first got these warnings from Robert Kiyosaki's "Rich Dad's Prophecy" book published in 2002! It is time to take action and surround yourself with the financially literate. A community of entrepreneurs who will show you how to prepare for the storm -
Rich Brother, Rich Sister
Authors Robert and Emi Kiyosaki are the RICH BROTHER, RICH SISTER whose fascinating but divergent life paths led to true wealth--both the financial and spiritual prosperity meant for us all.
Robert Kiyosaki Rich Brother - Rich Sister
Authors Robert and Emi Kiyosaki are the RICH BROTHER, RICH SISTER whose fascinating but divergent life paths led to true wealth--both the financial and spiritual prosperity meant for us all.
As Oil Spills, BP CEO Attends Yacht Race in England
AssociatedPress — June 19, 2010 — BP chief executive Tony Hayward, often criticized for being tone-deaf to U.S. concerns about the worst oil spill in American history, took time off Saturday to attend a glitzy yacht race off England's Isle of Wight. (June 19)
Lindsey Williams - B.P. Oil & Industry Update - Radio Liberty 17 june 2010
Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.
Minister Lindsey Williams, who once served as a chaplain for the oil companies operating in Alaska, shared what he claimed to be the "real story" behind the Gulf oil crisis. He explained that, in the 1970's, Russia drilled over 40,000 feet into the ground and discovered abiotic oil, i.e. oil which replenishes itself via an as-yet-unknown chemical process. The off-shore drilling done by BP in the Gulf of Mexico, Williams said, was their attempt to create a similar super-deep well and access this same abiotic oil. However, according to his sources, the pressure from this pocket of abiotic oil in the Gulf was so great that it burst all the safety valves on the floating platform.
Williams went on to allege that oil industry insiders believe that the only method to stop the flow of oil in the Gulf is via a nuclear device and even that has potential for catastrophic results. Bell, who rejoined the conversation in the fourth hour, agreed with Williams about the potential danger of using a nuke to thwart the spill because it could "pop the bubble" and cause all of the underground oil to emerge simultaneously. On the potential long term effects of the crisis if the flow of oil is not stopped, Bell speculated that it could reach Europe within three years through the Gulf Stream. Additionally, Williams observed that the overwhelming amount of dangerous gasses, which are also being released from the disaster, could be swept along the East Coast should a hurricane arrive in the Gulf.
BP puts profit before safety
June 18, 2010 — Two months into the massive oil spill sparked by an explosion that killed 11 people and sank BP's Deepwater Horizon oil rig in the Gulf of Mexico, the oil giant's safety record is coming under increasing scrutiny.
US legislators detailed a long list of criticisms against the British energy firm as they grilled Tony Hayward, its CEO, in a series of congressional hearings this week.
And, this is not the first time a senior BP executive has had to publicly answer for the company's safety record.
Last year the US Occupational Safety and Health Administration found hundreds of violations at BP's refinery in Texas City, in the US.
Al Jazeera's Cath Turner reports. (June 19, 2010)
US legislators detailed a long list of criticisms against the British energy firm as they grilled Tony Hayward, its CEO, in a series of congressional hearings this week.
And, this is not the first time a senior BP executive has had to publicly answer for the company's safety record.
Last year the US Occupational Safety and Health Administration found hundreds of violations at BP's refinery in Texas City, in the US.
Al Jazeera's Cath Turner reports. (June 19, 2010)
Friday, June 18, 2010
Drilling Taking Hit From Oil Disaster
June 18, 2010 — International Petroleum Institute President Virgil Allen on how the oil spill has impacted business.
Will Oil Spill Renew Support of Nuclear Energy?
Fmr. Tennessee Valley Authority Chairman Glenn McCollough on the oil spill's impact on alternative energies such as nuclear.
BP Oil Spill crisis a wake-up call for energy industry says Medvedev
June 18, 2010 — President Medvedev wants to loosen government controls and open the doors wider to foreign investment. He told global business leaders in St. Petersburg that he hopes to turn Russia into an innovative economy to overcome its dependence on oil and gas.
Thursday, June 17, 2010
SDRs and World Currency - Bob Chapman on Economics 101
June 16, 2010 — Bob Chapman the International Forecaster is a guest today of the corbettreport.com he discusses the IMF administered Special Drawing Rights and the plausibility of a world currency , the future of the Euro and the forecast for the Gold....the dollar just seems to be the best of the worst , Gold could very well become the world's currency says Bob Chapman the International Forecaster.....the Euro is dead because it is an un-natural thing Robert Chapman explains...there is no international currency that will ever work...
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Gulf Fisherman Angry after Hayward Hearing
Gulf Fisherman Displeased With Hayward Hearing
June 17, 2010 — Louisiana business owner Dean Blanchard on the testimony of the BP CEO and what he hopes will come from the hearing.Bob Chapman on The Gulf Spill Mess - Freedomizer Radio
Bob Chapman on Freedomizer Radio It Will Cost Them Their Lives June 17, 2010
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Lindsey Williams on The Oil Spill Disaster - Jeff Rense show 14 June 2010
Lindsey Williams on The Oil Spill Disaster - Jeff Rense show 14 June 2010
Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Trans-Alaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company.
Because of the executive status accorded to him as Chaplain, he was given access to the information that is documented in this book.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.
Because of the outstanding public response that has been generated by this book, Lindsey Williams is in great demand for speaking engagements, radio, and TV shows.
Video of BP ship after lightning bolt stops oil spill capture
June 16, 2010 — BP PLC temporarily suspended siphoning operations on its blown Gulf of Mexico oil well Tuesday after a drill ship collecting the oil apparently was hit by lightning, the company said. A small fire broke out on the top of the derrick on the drill ship Discoverer Enterprise. It was quickly extinguished and there were no injuries.
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