Remember that close-to-final scene in "The Day After Tomorrow" when Sam and his friends, along with some older staff, dug deep inside the New York Public Library, pander in a books burning orgy so they may prevent an instant freezing of their bodies? That movie is a milestone! If you haven't watched it yet, then do this because global warming, turned to climate change, may as well head further South into a novel Ice Age. Yes, the other film (an excellent cartoon) producers will release version 4 any time soon, but let's get serious, down to business!
"The root causes of the transitions from Ice Age to interglacial and back again are the subtle variations in the Earth's orbit known as the Milankovitch cycles, after the Serbian scientist Milutin Milankovic who described the effect nearly 100 years ago.
One of two types of people hate "free market capitalism": people who have become powerful due to being elected or appointed to a government office and cannot do anything in the real world to subsist, or they have a monopoly business and want to keep that monopoly.
Or, they are people who must receive payments from the government to subsist (the money used to make such payments have been stolen from productive citizens by the State). Or through some other manner they suck off the government, such as lawyers who survive by suing businesses and sucking off the government by representing people who want money from the State; these type of lawyers produce zero and are
First the excerpt from latest news of today, then bits of analysis.
"EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme. ... The US, which recently imposed fresh sanctions on Iran, welcomed the news. ... The Iranian state gets more than half of its revenue through the export of crude oil, says the BBC's James Reynolds. If Europe does stop buying, Iran will have to turn to countries in Asia to replace its lost trade, who will demand a discount, he adds."
It's an expected measure which possibly could turn effective, at least if other crude oil consumer markets will follow suit. Consider that China and Japan, South Korea will ban imports of crude oil from Iran. That's a far stretch.
China is unlikely to ban Iranian oil. Their generals write books on asymmetrical warfare while a couple shipments of C4 mysteriously wind up in a bunch of insurgent hands in Afghanistan. China is more than happy to keep the US stuck on fighting in various countries.
Mild earthquake linked to fracking oil extraction activities:
About a century ago, Lenin made a great case with the advances of electrifying early Soviet Russia. In fact, history proved that the Soviet spell brought millions and millions of Russians to death, layered famine over Ukraine, eventually leading to cannibalism and other horrendous disasters, and eventually destroyed a healthy economy by brutally killing the "production forces" -- as Marxists call working people and their tools.
Economic disasters are not emerging because of market forces. On the contrary, they are planned ahead in chunks of five years. The planned economy of the Soviet Block (which derived from the electrifying plan of Lenin's) proved criminal and inefficient. As an insider, Putin knew that, and this explains the red capitalism of the modern crude oil exporter Russia. They don't give a dime about climate change and carbon caps. Thus they are strengthening their economy, to the detriment of Europe...
Natural resources-starved Europe must import crude from the North Sea or Libya, and natural gas from Russia. Energy is pricey in Europe as the bureaucrats transfer the cost down the food chain, to the taxpayer and individual consumer. Blue socialist measures, though milder than those of the Soviet-era, enslave free market into some sort of state-controlled economy (another historical name coming to mind is fascism). Small businesses and the middle class are the first victims while grand corporations team with the state, or the Brussels Kommissars. Within a volatile Euro-zone and an economy running 9/1 on debt, the lines between private and public property are blurred.
Interesting and exciting news for shareholders:
ConocoPhillips plans to split the exploration and production (E&P) and refining and marketing segments into two standalone public companies. (Every two shares of COP will get you one share in the new Phillips 66.)
Can America become a crude oil exporter on the global market?
Across the United States are discovered enormous reserves of natural gas and crude oil. Novel exploration and exploitation technologies, such as fracking and horizontal drilling, are not cheap. However the high price of oil, around $100 per barrel, makes the new expensive techniques very profitable. Which means that oil deposits scarcity is not a factor in the US.
When you watch ads you are aware that the promo hype is missing to tell you something. Hey, it wouldn't be a "hype" if telling all the blunt reality, mundane spots included. Did you know that the Chevy Volt resembles to an old rancid oiled diesel-electric locomotive? Sure, not at the hype and shiny hood, just down to the innards where energy is converted from a crude oil derivative, take gasoline, into electricity. The CO2 emitting burning process is less efficient than the one in the conventional Chevy. Without this gas-powered generator, you won't be able to take the Volt out for a long drive!