noworldsystem.com


Senate Blocks Investigation of BP

U.S. Senate blocks investigation of BP after the House voted 420 to 1

http://www.youtube.com/watch?v=rORbqq_FHoM

 



Oil leaks coming from gulf sea floor

Oil leaks coming from gulf sea floor

http://www.youtube.com/watch?v=e_WSdmuYlDw

http://www.youtube.com/watch?v=yI_y4tI9F4g

http://www.youtube.com/watch?v=WOBd-f4aZbI

http://www.youtube.com/watch?v=9ficEPWLFK0

 



Deepwater Horizon alarms were switched off ‘to help workers sleep’

Deepwater Horizon alarms were switched off ‘to help workers sleep’

Ed Pilkington
London Guardian
July 24, 2010

Vital warning systems on the Deepwater Horizon oil rig were switched off at the time of the explosion in order to spare workers being woken by false alarms, a federal investigation has heard.

The revelation that alarm systems on the rig at the centre of the disaster were disabled – and that key safety mechanisms had also consciously been switched off – came in testimony by a chief technician working for Transocean, the drilling company that owned the rig.

Mike Williams, who was in charge of maintaining the rig’s electronic systems, was giving evidence to the federal panel in New Orleans that is investigating the cause of the disaster on 20 April, which killed 11 people. Williams told the hearing today that no alarms went off on the day of the explosion because they had been “inhibited”.

Read Full Article Here

 



Who Really Owns BP?

Who Really Owns BP?

http://www.youtube.com/watch?v=qG7zh7N9yQA

 



Oil Dispersant Causing Internal Bleeding

Oil Dispersant Causing Internal Bleeding

http://www.youtube.com/watch?v=psol26Pu5Is

http://www.youtube.com/watch?v=9JfPJec5Qlc

Examiner.com

 

Methane Expert Says Gulf Water is Flammable

http://www.youtube.com/watch?v=wBBzYranATY

Floridaoilspillaw.com

 



Iran Finds US-Backed Terrorists in Riots

Iran Finds US-Backed Terrorists in Riots

Noworldsystem.com
June 24, 2009

While total mayhem on the streets of Iran intensifies, behind the scenes lurks the Anglo-American New World Order meddling in the country’s election process, creating a ripe environment for regime change against the Islamic Republic. If the color revolution is successful it will create a dictatorial Shah monarchy much like in 1941.

The coup against Iran consists of many operations inside and outside the country; U.S. and British funded Mousavi’s revolution, terrorists were used in the riots in Tehran and the mainstream media is shelling out propaganda against Ahmadinejad.

The latest news of US-backed terrorism in Iran came from Iranian Security Official claiming terrorist Mujahedin Khaliq Organization (MKO) played a major role in the recent riots in Tehran after the elections were declared a fraud. Officials reported that they have identified and arrested a large number of MKO members, arrested members admitted they were extensively trained in Iraq (Camp Ashraf) to create post-election mayhem. They also admitted that they were given directions by the MKO command-post in Britain. [Source]

The proof of U.S. and British operations in Iran is extensive, in 2007 Bush approved to fund a covert coup in Iran according to current and former military, intelligence and from presidential findings signed by the president. The operations gave $400 million to the CIA to spend on terrorist organizations such as MKO and Jundullah terrorists to help prop up a color revolution. [Source]

http://www.youtube.com/watch?v=3jUfnE-Dclc

More proof of state sponsored terrorism: In 2008, Former Pakistan General Mirza Aslam Beig reported that the U.S. was providing training facilities to the Jundullah terrorists located in eastern areas of Iran to create unrest in the area and effect the cordial ties between Iran and its neighbor Pakistan. [Source]

May 27, 2007, the London Telegraph admitted “Mr. Bush has signed the official document endorsing the CIA plans for a propaganda and disinformation campaign intended to destabilize, and eventually topple, the theocratic rule of the mullahs”. A few days previously the Telegraph reported Bush administration neocon, John Bolton told the Telegraph that a US military strike on Iran would “be a ‘last option’ after economic sanctions and attempts to foment a popular revolution had failed”.

Globalist puppet-master Henry Kissinger had the same sentiments calling for a military invasion of Iran if the “color revolution” fails to overthrow the current Iranian administration.:

http://www.youtube.com/watch?v=EkQ1iNHEGW8

Another Neocon, Kenneth Timmerman writes that “the National Endowment for Democracy has spent millions of dollars promoting ‘color’ revolutions . . . Some of that money appears to have made it into the hands of pro-Mousavi groups, who have ties to non-governmental organizations (NGOs) outside Iran that the National Endowment for Democracy funds.” Timmerman’s own neocon Foundation for Democracy is “a private, non-profit organization established in 1995 with grants from the National Endowment for Democracy (NED), to promote democracy and internationally-recognized standards of human rights in Iran.” [Source]

This election chaos in Iran will definitely be used by the Obama administration as the Democrat’s version of the War on Terror against the Mullahs. There are many signs that this administration will be the straw that breaks the camels back for regime change. In the 1970s Obama’s foreign policy adviser Zbigneiw Brzezinski flew to Pakistan to foment Iranian resistance by supporting the Afghan Mujahideen Jihadists. He wanted to arm and fund the Mujahideen without revealing the United States role.:

http://www.youtube.com/watch?v=WaiJtLrEwVU

The 2009 Iranian election mayhem started by the corporate-controlled media reporting that candidate Mousavi was the winner before the elections ended. This created mass confusion, once the election ended Ahmadinejad was declared the winner, immediately after, Mousavi denounced the election as rigged causing all hell to break loose in the streets of Tehran.

The mainstream media has its dirty fingerprints all over the plot to help overthrow Iran, they are extremely biased towards Mousavi. Example; the BBC News website used a photo of Ahmadinejad waving to his supporters, the BBC cropped-out Ahmadinejad and used the crowd claiming that the photo was of anti-government protesters in favor of Mousavi. [Source] Not to say the Mousavi supporters are not genuine, but looking at the evidence it proves the U.S. and the British are helping the “color revolution” and using this opportunity to take out the Mullahs.

http://www.youtube.com/watch?v=ehpPPPiqMc4

Mousavi’s green revolution against the Mullahs could be at its end because of his past leadership mistakes when Prime Minister of Iran in the 1980’s. During his leadership he personally selected a terrorist named Ali Akbar Mohtashemi-pur as the ambassador of Iran in Beirut. The new ambassador was caught by the NSA discussing plans to carry out terrorism. [Source]

The man that is now standing in line to take Mousavi’s place is none other than the son of the late Shah of Iran, Reza Pahlavi, who is emerging as a prominent figure of the color revolution. Pahlavi long planned to help overthrow the Mullahs, five years ago he called for a “revolution sparked by massive civil disobedience in which the masses in the streets are backed by elements of the Iranian Revolutionary Guard,” adding that he was in contact with members of the Guard who shared his vision. Pahlavi left Iran in 1978 and was educated in the United States before training as a jet fighter pilot at the Reese Air Force Base in Lubbock, Texas.

According to writer Michael Edwards, Pahlavi “has continually appeared on satellite radio and TV shows beamed into Iran, repeatedly calling for civil disobedience in order to topple the Islamic Mullahs. He promotes a US-UN backed referendum to decide whether Iran is to be governed as a constitutional monarchy, which he says he can lead as Shah, or a secular democracy.” [Source]

History of the Shah Dictatorship in Iran

To understand what it means to have another Shah of Iran you must look back at the history of Iran and how the United States and Great Britain meddled in the past to install a dictatorial monarchy.:

Since Britain was the first to discover oil fields in Iran in 1908, the Anglo-American Empire had its meddling paws in every aspect of Iranian life. Upon discovery Britain decided to create The Anglo-Iranian Oil Company (AIOC) in the country, it was run only for the benefit of the British. In 1954 he Anglo-Iranian Oil Company changed its name to British Petroleum (BP).

In 1941 the British/American empire installed the Shah of Iran, Mohammed Reza Pahlavi. By 1944 the Iranian people started to realize the Shah was nothing more than a puppet of the British/American empire and started mass riots, the Shah ordered Martial Law and arresting party leaders and clerics that oppose the regime.

But in 1951 the Iranian Revolution was finally heard when Iranian nationalist Mohammed Mossadeq was elected Prime Minister. Mossadeq at this time nationalized AIOC to make sure Iranians were the only ones to benefit from the oil fields and not the British. To the Anglo-American New World Order, this was a big mistake. In 1953 the newly created CIA and MI6 launched Operation AJAX, a plan to overthrow Iran by using terror attacks to subsequently blame them on Mohammed Mossadeq. This plan was later revealed in the late 1990’s when the CIA declassified large sections of Operation AJAX to the American public.:

“TPAJAX. The plan comprised propaganda, provocations, demonstrations, and bribery, and employed agents of influence, “false flag” operatives, dissident military leaders, and paid protesters.” [Source]

August 1953, with the help of the British and the U.S., Mossadeq was removed and the Shah returned back to his throne for the next 25 years, at this time American/British oil companies took over half of Iran’s oil production. The velvet glove came off the Shah’s iron fist after the coup against Mossadeq, all who opposed the dictatorship had to deal with the imperial secret police called the SAVAK that was just as brutal then the secret police of Nazi Germany. The Shah ordered deaths of demonstrators, torture and execution of all who oppose the Shah empire. In 1965 the Shahs main opposition Ayatollah Khomeini was deported to Iraq for 13 years for saying the Shah has sold their independence to the British/American empire.

http://www.youtube.com/watch?v=ONhHX1NWjbo

The Shah was eventually destabilized and in 1979 Khomeini returned to Iran administering the Islamic Republic of Iran.

As years passed, Ahmadinejad was elected in 2005 and now today the discontent grows against Iran, the New World Order power elite want to control Iran once again to make sure the region approves of the plan for World Government and a better control the region.

 

Alex Jones Interviews Paul Craig Roberts

http://www.youtube.com/watch?v=cO-3SXDUQFc

http://www.youtube.com/watch?v=jygiAczGV74
Jundullah admits MKO connection
http://www.presstv.com/classic/detail.aspx?id=96846&sectionid=351020101

Iranian Unrest: Evidence Of Western Intelligence Meddling
http://www.prisonplanet.com/iranian-unrest..ntelligence-meddling.html

Are the Iranian Protests Another US Orchestrated “Color Revolution?”
http://www.counterpunch.org/roberts06192009.html

 



Oil is $63 a Barrel, Lindsey Williams Predicted $50

Lindsey Williams Predicted Oil Will Be $50 a Barrel
Insider of the Global Elite was told: “Price of crude oil is going down to $50 a barrel. . . gas will be $2 to $2.50 a gallon” (1st video @ 7:11). “The entire Arab world will be bankrupt” (2nd video @ 7:34) “. . . you are going to shout and dance on the street at $2 a gallon and mark my words within 3-4 weeks time you are going to shutter in your boots because the dollar is going to go to zero, they’ll have an excuse to bring in the North American Union, they will be able to issue a new currency . . .” (3rd video)

http://www.youtube.com/watch?v=9h6Nzr_8lKI
Video 1

http://www.youtube.com/watch?v=Fke1xjLLn-E
Video 2

http://www.youtube.com/watch?v=FeuvaE9Ia7A
Video 3

 

Lindsey Williams on Alex Jones Show, October 26, 2008

http://www.youtube.com/watch?v=Xr1SyiSk3dM

http://www.youtube.com/watch?v=-QBB2QHzon4

http://www.youtube.com/watch?v=eBq5yGpfe4E

 

Oil falls to $63, OPEC plans on cutting supply of oil

AP
October 26, 2008

Oil prices fell to 17-month lows at $63 a barrel Monday in Asia as investors weighed Friday’s OPEC output cut against growing evidence of a severe global economic slowdown that would undermine crude demand.

Light, sweet crude for December delivery fell 32 cents to $63.83 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.

Investors brushed off a 1.5 million barrel-a-day cut announced by the Organization of Petroleum Exporting Countries on Friday, focusing instead on falling crude demand as economies across the globe reel from the impact of a credit crisis.

On Friday, oil fell $3.69 to settle at $64.15. Prices have plunged 57 percent from a record $147.27 on July 11.

“The mood is fairly negative reflecting worry about the international economic outlook,” said David Moore, a commodity strategist at Commonwealth Bank of Australia in Sydney. “If there is further weak economic data in the U.S. or Europe, prices could come under more downward pressure.”

Iran’s OPEC governor Mohammad Ali Khatibi said Sunday a reduction in production “will be considered” at the group’s next meeting in Algiers in December — a meeting that might even be held early if necessary.

“I thought the OPEC cut was a fairly decisive act, but concerns of recession in the major economies remain dominant,” Moore said. “OPEC’s cut does take a step toward tightening the market.”

Read Full Article Here

Largest Drop Ever In Gas Prices
http://www.reuter..dName=domesticNews&rpc=22&sp=true

Oil Can Fall to $50-$60 if Credit Stays Tight
http://www.cnbc.com/id/27160853

Oil down 50pc from July high
http://www.telegraph.co.uk/finance/finance..-July-high.html

 



This is about a nuclear war with Russia

This is about a nuclear war with Russia

http://www.youtube.com/watch?v=uLcFeVz8yRM

http://www.youtube.com/watch?v=TQmigwLk_AI

http://www.youtube.com/watch?v=9sPJw1e-F5Y

 



Fighting Continues After Georgia-Russia Peacetalks


both sides ignore peacetalks… this is going to be a long week…
Russia Announces War Halt; Fighting Continues

Wired
August 12, 2008

Russian President Medvedev announced a halt to his country’s military operation in Georgia. But there are reports of continued bombings. And he said that Russian troops are still cleared to “eliminate” any enemy remaining in the contested region of South Ossetia.

The AP reports that “hours before the Russian announcement, Russian forces bombed the crossroads city of Gori and launched an offensive in the part of separatist Abkhazia still under Georgian control, sending in 135 military vehicles – including tanks – and tightening the assault on the beleaguered nation.” In Poti, a port city in western Georgia, a New York Times correspondent heard bombs falling around an hour after Mr. Medvedev’s statement.

Russian defense official Anatoly Nogovitsyn tells the Times that Russian military actions could continue. “If you receive the order to cease fire, this would not mean that we would stop all operations, including reconnaissance operations,” he said.

 

Russia Prepares for Naval Blockade of Georgia, Bombs Major Oil Supplier to the West

Kommersant
August 12, 2008

Ships are grouping in the Black Sea near the Georgian aquatic border. A unnamed naval source has said that the move is necessary to prevent arms deliveries to Georgia by sea. He added that the naval blockade of Georgia will help avoid escalation of military actions in Abkhazia. Radio station Echo of Moscow reports that several Georgian Internet publications have confirmed that the Russian Black Sea fleet is regrouping.
Witnesses say that several Georgian military vessels attempted to approach the coast of Abkhazia. The Interfax correspondent in Sukhumi reports that the Georgian attempt was countered by the Russian Black Sea Fleet, which opened preventative fire. The Interfax information was confirmed by enforcement bodies in Abkhazia.

Apparently, after Georgian forces were repulsed from Tskhinvali, air connections with Georgian were broken and Georgian military activity was suppressed and Russia began economic suppression.

Georgia in the meantime is accusing Russia of attempting to blow up the Baku-Tbilisi-Ceyhan pipeline. Georgian Minister of Economic Development Ekaterina Sharashidze stated that Russian Air Force planes attacked the pipeline, but missed their target. “That makes it clear that the targets of the Russian military were not only Georgian economic objects, but international objects on Georgian territory,” she said. Reports were received throughout the day that Russian military planes struck targets in Georgia, however, they were military, not economic.

The Baku-Tbilisi-Ceyhan pipeline runs a total of 1768 km., of which 443 km. stretches through Azerbaijan, 249 km. through Georgia and 1076 km. through Turkey. Construction of the pipeline began in 2003 and it began to pump oil on May 18, 2005. About 1 million barrels of oil per year are pumped through the pipeline. Construction of the pipeline cost $4 billion, not counting the filling of the pipeline, financial servicing or interest costs. The shareholders in the pipeline are BP (30,1%), AzBTC (25%), Chevron (8,9%), StatoilHydro (8,71%), ТРАО (6,53%), ENI (5%), Total (5%), Itochu (3,4%), Inpex (2,5%), ConocoPhillips (2,5%) and Hess (2,36%).

 

Georgia resumes shelling of S. Ossetia, troops shooting refugees after call for peacetalks

Russia Today
August 11, 2008

Authorities in South Ossetia say Georgian troops have shelled the road being used for evacuating people from the conflict zone, according to Russian Interfax news agency. Attacks are continuing in the South Ossetian region, despite claims from Georgia that it was imposing a ceasefire.

There have been several explosions in the South Ossetian capital, Tskhinvali, after it came under a renewed shelling attack. Several Russian troops have been wounded.

It said that Russian forces have shot down a Georgian military plane in South Ossetia in the area around Eredvi.

Russian humanitarian aid has begun to arrive in the breakaway region’s capital.

Tskhinvali is back under peacekeepers’ control, as Russian troops disarm Georgians, who still remain in the city.

Moscow is sending more troops to South Ossetia. And military investigators have already started working in Tskhinvali to collect evidence of war crimes.

1600 civilians are thought to have died in South Ossetia. 15 Russian peacekeepers were killed with 70 others were wounded. Georgia claims 50 of its troops have been killed, and around 300 wounded.

 

Russian news agencies report sunken Georgian ship

Washington Times
August 10, 2008

Russian news agencies say the Defense Ministry is claiming to have sunk a Georgian missile boat that was trying to attack Russian navy ships in the Black Sea.

Russia’s Defense Ministry refused to comment on the Sunday reports to The Associated Press and Georgian officials could not immediately be reached.

If confirmed, the incident could mark a serious escalation of the fighting between Russia and Georgia over the separatist Georgian province of South Ossetia.

“Georgian missile patrol boats today made two attempts to attack Russian military ships. The Russian ships opened fire in response and as a result, one of the Georgian ships carrying out the attack was sunk,” the ITAR-Tass news agency quoted a ministry spokesman as saying.

Read Full Article Here

Russian Forces Capture Military Base in Georgia
http://www.nytimes.com/2008/08/12/w..=world&oref=slogin&oref=slogin

Live webcam from Tbilisi
http://tvali.ge/index.php?action=cameras

Neocons Call For U.S. To Launch War Against Russia
http://thinkprogress.org/2008/08/11/neocon-russia-war/

Georgia: America admits it has few options for dealing with Russia-Georgia war
http://www.telegraph.co.uk/new..ns-for-dealing-with-Russia-Georgia-war.html

Georgian minister: We won’t cede to Russians
http://www.ynetnews.com/Ext/C..tPreview/1,2506,L-3580432,00.html

Swarms of Russian jets bomb Georgian targets
http://www.breitbart.com/article.php?id=D92G35OO0&show_article=1

Bush Warns Russia To Pull Back
http://www.breitbart.com/article.php?id=D92GC5G80&show_article=1

Cheney: Russian Offensive Will Not Go Unanswered
http://www.breitbart.com/article.php?id=D92GC5G80&show_article=1

Ukraine threatens to bar Russian warships
http://www.reuters.com/article/asiaCrisis/idUSLA480092

Georgia Overrun By Russian Troops
http://www.dailymail.co.uk/news..ssian-troops-scale-ground-invasion-begins.html

Tbilisi civilian airport hit in Russian air strike
http://uk.news.yahoo.com/rtrs/2008081..etia-runway-bd5ae06.html

McCain warns Russians of “severe, long-term negative consequences”
http://news.yahoo.com/s/politico/20080811/pl_politico/19061_1

US military surprised by speed, timing of Russia military action
Israelis in Georgia warn of impending disaster
Operation Dagestan
Zbig: Russian Invasion Like Stalin’s Invasion Of Finland

 



Energy expert: Gas could reach $15 per gallon

Experts Push “Peak Oil” Scam to Predict $15 a Gallon Gas Prices

Infowars
May 26, 2008

Editor’s Note: The following video is a prime example of hysterical “Peak Oil” scaremongering. In fact, there is no shortage of oil — the reserves are increasing, not decreasing. Consider the following examples: In 2006, Chevron announced a huge oil discovery in the the Lower Tertiary zone of the Gulf of Mexico, described as “one of the nation’s biggest oil discoveries in decades,” and Brazil discovered giant new offshore oil fields in 2005 (expected to produce 773 million barrels of oil by 2025). Add to this BP’s discovery of new oil fields near the Shetland Islands, recent discoveries in the Timor Sea, Yemen, Tunisia, Libya, offshore Trinidad, in Pakistan, Angola, in the Ordovician Red River Strata of southeastern Saskatchewan, and elsewhere. Earlier this month, the Kurds of northern Iraq announced a major oil find, estimated at about 2 billion barrels. In the last 20 years, known reserves have doubled. Currently there are somewhere in the neighborhood of 680 billion barrels of Middle East reserve oil alone.

Add to this an “intriguing theory now permeating oil company research staffs suggests that crude oil may actually be a natural inorganic product, not a stepchild of unfathomable time and organic degradation. The theory suggests there may be huge, yet-to-be-discovered reserves of oil at depths that dwarf current world estimates,” writes Chris Bennett (see Lindsey Williams interview below). “Deeply entrenched in our culture is the belief that at some point in the relatively near future we will see the last working pump on the last functioning oil well screech and rattle, and that will be that. The end of the Age of Oil. And unless we find another source of cheap energy, the world will rapidly become a much darker and dangerous place.” It is a meticulously nurtured myth.

Peak Oil takes a page from publicly available CFR and Club of Rome strategy manuals that say global government needs to control the world population through neo-feudalism by creating artificial scarcity that will result in massive social unrest, widespread famine, and endless war. $15 a gallon gas will most certainly help this agenda along.

http://www.youtube.com/watch?v=U7IJEEIBwrE

http://www.youtube.com/watch?v=80XMKbnHuEs

From David Edwards and Raw Story, May 24:

Robert Hirsch, senior advisor for Science Applications International Corporation, sat down with MSNBC’s Alex Witt to discuss the possibility of an upcoming oil crisis. Hirsch says that gas could reach $15/gallon within a few years because it is “essentially certain” the world has reached the maximum levels of oil production.

“The problem is that there’s not that much oil left in the ground,” Hirsch says. “What we’ve done is been very fortunate to have oil production increase as our economies have developed over the past decades. And now we’re reaching a point where we’re about to get, or we may be, at the maximum world oil production. After that, oil production will then decline and prices, of course, will continue to do what they’ve been doing recently. So what we’ve got today may be the ‘good old days.’”

Hirsch addressed the timeframe in which the US could see $15/gallon gas: “It could happen within a matter of months. It could happen within a matter of a few years. But it’s essentially certain that we are at the maximum of world oil production. And after that, we’ll go into decline, and when there’s much less oil available, then, of course, the price of oil is going to increase dramatically.”

Fuels, heating oil, and consumer products that rely on petroleum will all be impacted by the decline in world oil production. Hirsch estimates the world GDP declining at the same rate as oil production.

Watch The Video Here

 

Oil Expert: By Summer, Oil To Hit $200 Per Barrel
This is reality, energy is in the hands of profiteers and has lost touch with the real expenses. There is no logic here, says Davor Stern.

Javno
May 23, 2008

Oil prices have once again crashed through the ceiling with a record price of 135 dollars per barrel because of the concerning fall in American reserves of crude oil with 5.32 million barrels. The fact is that this is only a continuation of the crisis; food is getting more and more expensive, petrol and diesel are rising in price every other week in Croatia (as well as in many countries around the world), and there is no end in sight to the price hikes.

This is reality, energy is in the hands of profiteers and has lost touch with the real expenses. There is no logic here – Davor Stern told us in a telephone conversation. Davor is the former director of Croatia’s largest oil company INA, as well as an oil expert.

Record earnings by oil companies

He added that oil companies earn a lot. Igor Dekanic from the faculty of mining, geology and oil, said that European oil companies are breaking the borders of profitability.

– The largest companies like IBP, Shell, Exxon, the French Total and the Italian Enia have the largest profits in history. That is a general trend with privatized companies in the world – says professor Dekanic.

Stern stresses that the market itself has some sort of logic, however, the current situation is in a state of psychosis.

– By summer we can expect oil prices of 200 dollars per barrel, and that is not the opinion of the trade, but my own prediction. It is impossible to give any projections of the prices, but one thing is certain, the sky is the limit – says Stern.

Read Full Article Here

Recent News:

OPEC Producers say $200 oil is possible
http://www.guardian.co.uk/busi..y/23/oil.commodities1

Gold Hits Over $930, Oil $135, Euro $1.57
http://www.reuters.com/article..er=2&virtualBrandChannel=10005
OPEC: Oil market is going ’crazy’
http://www.presstv.ir/detail.aspx?id=56937&sectionid=3510213

Buffett blames banks for credit crisis
http://www.reuters.com/article/ousiv/idUSL2561340920080525

It’s Not An Oil Crisis It’s A Dollar Crisis
http://www.321gold.com/editorials/schiff/schiff052308.html

Alaska Drilling Would Only Save 75 Cents Per Barrel
http://www.mcclatchydc.com/251/story/38223.html

Buffett Sees Deep U.S. Recession
http://news.yahoo.com/s/nm/200805..oENIM35QA3Eqb.HQA

Food prices high for foreseeable future, says UN
http://www.guardian.co.uk/world/2008/may/23/unitednations.food

George Soros: rocketing oil price is a bubble
http://www.telegraph.co.uk/money/ma..2008/05/26/cnsoros126.xml

Global Warming Bill Could Spike Gas $1.50 to $5 a Gallon
http://www.businessandmedia…/20080515172437.aspx

Economist Challenges Government Data
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/25/BU6K10JTEF.DTL

Gas Prices Could Top $5 A Gallon In Bad Economy
http://cbs2chicago.com/consumer/gas.prices.oil.2.719683.html

Gas Could Go To $10
http://www2.nysun.com/article/75363

Euro, Franc, Krona to Benefit From Oil Price, Barclays Says
Economy Slows To A Crawl
Government Green Lights Gulf Dollar Abandonment
Federal Reserve May Want Inflation
Fed Cuts Key Interest Rate By A Quarter Point

U.S. Economic Collapse News Archive

 



Destroying the Rainforest to Fight Global Warming

Destroying the Amazon Rainforest to Fight Global Warming
Biofuel industry to destroy valuble wetlands, grasslands and forests to cash-in on the global warming trend

Time
March 30, 2008

From his Cessna a mile above the southern Amazon, John Carter looks down on the destruction of the world’s greatest ecological jewel. He watches men converting rain forest into cattle pastures and soybean fields with bulldozers and chains. He sees fires wiping out such gigantic swaths of jungle that scientists now debate the “savannization” of the Amazon. Brazil just announced that deforestation is on track to double this year; Carter, a Texas cowboy with all the subtlety of a chainsaw, says it’s going to get worse fast. “It gives me goose bumps,” says Carter, who founded a nonprofit to promote sustainable ranching on the Amazon frontier. “It’s like witnessing a rape.”

The Amazon was the chic eco-cause of the 1990s, revered as an incomparable storehouse of biodiversity. It’s been overshadowed lately by global warming, but the Amazon rain forest happens also to be an incomparable storehouse of carbon, the very carbon that heats up the planet when it’s released into the atmosphere. Brazil now ranks fourth in the world in carbon emissions, and most of its emissions come from deforestation. Carter is not a man who gets easily spooked–he led a reconnaissance unit in Desert Storm, and I watched him grab a small anaconda with his bare hands in Brazil–but he can sound downright panicky about the future of the forest. “You can’t protect it. There’s too much money to be made tearing it down,” he says. “Out here on the frontier, you really see the market at work.”

This land rush is being accelerated by an unlikely source: biofuels. An explosion in demand for farm-grown fuels has raised global crop prices to record highs, which is spurring a dramatic expansion of Brazilian agriculture, which is invading the Amazon at an increasingly alarming rate.

Propelled by mounting anxieties over soaring oil costs and climate change, biofuels have become the vanguard of the green-tech revolution, the trendy way for politicians and corporations to show they’re serious about finding alternative sources of energy and in the process slowing global warming. The U.S. quintupled its production of ethanol–ethyl alcohol, a fuel distilled from plant matter–in the past decade, and Washington has just mandated another fivefold increase in renewable fuels over the next decade. Europe has similarly aggressive biofuel mandates and subsidies, and Brazil’s filling stations no longer even offer plain gasoline. Worldwide investment in biofuels rose from $5 billion in 1995 to $38 billion in 2005 and is expected to top $100 billion by 2010, thanks to investors like Richard Branson and George Soros, GE and BP, Ford and Shell, Cargill and the Carlyle Group. Renewable fuels has become one of those motherhood-and-apple-pie catchphrases, as unobjectionable as the troops or the middle class.

But several new studies show the biofuel boom is doing exactly the opposite of what its proponents intended: it’s dramatically accelerating global warming, imperiling the planet in the name of saving it. Corn ethanol, always environmentally suspect, turns out to be environmentally disastrous. Even cellulosic ethanol made from switchgrass, which has been promoted by eco-activists and eco-investors as well as by President Bush as the fuel of the future, looks less green than oil-derived gasoline.

Meanwhile, by diverting grain and oilseed crops from dinner plates to fuel tanks, biofuels are jacking up world food prices and endangering the hungry. The grain it takes to fill an SUV tank with ethanol could feed a person for a year. Harvests are being plucked to fuel our cars instead of ourselves. The U.N.’s World Food Program says it needs $500 million in additional funding and supplies, calling the rising costs for food nothing less than a global emergency. Soaring corn prices have sparked tortilla riots in Mexico City, and skyrocketing flour prices have destabilized Pakistan, which wasn’t exactly tranquil when flour was affordable.

Biofuels do slightly reduce dependence on imported oil, and the ethanol boom has created rural jobs while enriching some farmers and agribusinesses. But the basic problem with most biofuels is amazingly simple, given that researchers have ignored it until now: using land to grow fuel leads to the destruction of forests, wetlands and grasslands that store enormous amounts of carbon.

Backed by billions in investment capital, this alarming phenomenon is replicating itself around the world. Indonesia has bulldozed and burned so much wilderness to grow palm oil trees for biodiesel that its ranking among the world’s top carbon emitters has surged from 21st to third according to a report by Wetlands International. Malaysia is converting forests into palm oil farms so rapidly that it’s running out of uncultivated land. But most of the damage created by biofuels will be less direct and less obvious. In Brazil, for instance, only a tiny portion of the Amazon is being torn down to grow the sugarcane that fuels most Brazilian cars. More deforestation results from a chain reaction so vast it’s subtle: U.S. farmers are selling one-fifth of their corn to ethanol production, so U.S. soybean farmers are switching to corn, so Brazilian soybean farmers are expanding into cattle pastures, so Brazilian cattlemen are displaced to the Amazon. It’s the remorseless economics of commodities markets. “The price of soybeans goes up,” laments Sandro Menezes, a biologist with Conservation International in Brazil, “and the forest comes down.”

Deforestation accounts for 20% of all current carbon emissions. So unless the world can eliminate emissions from all other sources–cars, power plants, factories, even flatulent cows–it needs to reduce deforestation or risk an environmental catastrophe. That means limiting the expansion of agriculture, a daunting task as the world’s population keeps expanding. And saving forests is probably an impossibility so long as vast expanses of cropland are used to grow modest amounts of fuel. The biofuels boom, in short, is one that could haunt the planet for generations–and it’s only getting started.

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Biofuel Scam: Ship fuel over the Atlantic twice, pocket US subsidies, undercut local vendors
http://www.guardian.co.uk/environment/2008/apr/01/biofuels.energy

Analyst Predicts Corn Rationing In 2008
http://www.chron.com/disp/story.mpl/ap/fn/5662307.html

 



U.S. death toll in Iraq reaches 4,000

U.S. death toll in Iraq reaches 4,000

CNN
March 23, 2008

The four were killed when a homemade bomb hit their vehicle as they patrolled in a southern Baghdad neighborhood, the U.S. military headquarters in Iraq said. A fifth soldier was wounded.

The grim milestone comes less than a week after the fifth anniversary of the start of the war.

“No casualty is more or less significant than another; each soldier, Marine, airman and sailor is equally precious and their loss equally tragic,” said Rear Adm. Gregory Smith, the U.S. military’s chief spokesman in Iraq.

“Every single loss of a soldier, sailor, airman or Marine is keenly felt by military commanders, families and friends both in theater and at home.”

Of the 4,000 U.S. military personnel killed in the war, 3,263 have died in attacks and fighting and 737 in nonhostile incidents, such as traffic accidents and suicides. Eight of those killed were civilians working for the Pentagon.

Also Sunday, at least 35 Iraqis died as the result of suicide bombings, mortar fire and the work of gunmen in cars who opened fire on a crowded outdoor market. Nearly 100 were wounded in the violence.

Estimates of the Iraqi death toll since the war began range from about 80,000 to the hundreds of thousands. Another 2 million Iraqis have been forced to leave the country, and 2.5 million have been displaced from their homes within Iraq, according to the U.N. High Commissioner for Refugees.

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Ambassador Bush personally bullied UN diplomats into supporting Iraq war
http://prisonplanet.com/articles/march2008/230308Ambassador.htm
US wants Britain to lead ’surge’ in southern Iraq: report
http://www.spacewar.com/reports/U..in_southern_Iraq_report_999.html
Hans Blix slams Iraq war as ’tragedy’
http://www.spacewar.com/2006/080320010207.x9ljrgla.html

Forbidden fields: Oil groups circle the prize of Iraq’s vast reserves
http://www.ft.com/cms/s/0/5b24f674-f5e6-11dc-8d3d-000077b07658.html

’We live in a nightmare. Death and carnage is everywhere’ -Baghdad resident
http://www.guardian.co.uk/world/2008/mar/20/iraq1

Talk Of Troop Surge For Afghanistan
http://www.usnews.com/articles/news..-for-afghanistan_print.htm