Crude Oil

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Energy Policy, Facts and Lies

The Answer to Global Warming

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Written by Erik Thorsen Wednesday, 07 December 2011 13:28

During winter, it's hard to promote global warming as a threatening theory, in order to instill panic in masses and thus make people more willing to pay four times the price of a light bulb. And the light bulb is just the tip of the iceberg in the new climate-change taxes rising upon our future. By the way, did I say iceberg? Yes, right, there's a great chunk of it displaced from Antarctica, they reported on the news. Alarming or not, just remember that winter around the North Pole means summer at the South Pole. 

More facts about the global warming, or climate change, scam to leverage even more taxes on us: 

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From Karma to Tesla and Beyond Crude Oil

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Last Updated on Saturday, 03 December 2011 14:42 Written by Erik Thorsen Friday, 02 December 2011 23:10

Sure, crude oil is smelly, flammable and a pollutant. Now let's think, first, of a society that did not burn oil to heat homes and drive vehicles, that did not refined and processed oil to produce a so familiar artificial environment made of plastics. As you'll see down the lines, we're not praising crude oil in this article. We're gonna blame the past and tell you that this has no effect on the present, yet it may change the future if YOU can think different like -for instance- with your own brain instead of believing and following everything that the tube serves to your eyes and ears. 

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EPA, the Inquisition for the US Oil Industry

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Last Updated on Monday, 28 November 2011 10:46 Written by Erik Thorsen Monday, 28 November 2011 10:00

Remember The Simpsons Movie (2007) when Abe "Grampa" Simpson had a prophetic vision about pollution and the apocalyptic scenario enforced by EPA on Springfield? Well, with less fun and more vibrant reality, the true EPA under Obama's unconstitutional extended prerogatives is indeed killing the American oil industry. This renders the US at the mercy of volatile international energy markets, while crude oil and natural gas resources abound under American soil. 

Please read this intriguing quote:

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Liquefied Natural Gas May Beat Crude Oil

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Last Updated on Friday, 18 November 2011 19:32 Written by Erik Thorsen Monday, 21 November 2011 00:00

Have you ever got the feeling that you're overpaying for the energy you consume? The fuel you pump in your car, the power bill, heating and other energy-related hidden costs, are all of these overpriced? 

You can understand that energy prices are too high, however you have little space to move for cheaper alternatives. This sad situation is caused mainly by government intervention, by over-regulating the market, up to the point when one may compare it with the defunct Soviet-style planned economy. But a secondary factor is the well known "corporate greed" -- guess you've heard this phrase more than "government intervention and regulation." Yes, mainstream media is the long finger of the left. Pointing at you, fooling you with fantasies and utopias that can, and did so far, make things only worse. 

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Thorium, the Green Nuke, Energy Plans in India

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Written by Erik Thorsen Thursday, 03 November 2011 23:43

It is said that experimental thorium reactors were abandoned in favor of uranium based reactors because, during the Cold War, governments wanted weapons-grade plutonium as a byproduct of civilian energy production plants. Thorium reactors do not produce plutonium and this seems to be more politically correct nowadays than it was in the 1970s. Thorium-based reactors are cleaner and safer than uranium-based reactors. It's not a new technology but rather an update of an old development that took place for over two decades. 

India officially announced plans to build an experimental thorium reactor, that can be consequently converted into a stable and efficient energy production plant. 

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Diesel Pricing Hikes and Social Engineering

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Last Updated on Thursday, 03 November 2011 09:03 Written by Erik Thorsen Wednesday, 02 November 2011 23:44

The prime excuse covering any price hike of Diesel fuel, or gasoline for that matter, is the "huge demand." Now let us think thoroughly: those complex oil companies, haven't they vast office floors of analysts predicting years ahead how "huge" the demand would be at one point or another? Can we actually imagine that drilling and trading and shipping, and then the refineries, and the fuel retail distribution network, all of these, are managed on a whim?, from yesterday to tomorrow, like a hectic patchwork family? It is quite unlikely that big oil, along with states, governments and international cartels, are randomly taken by surprise, every now and then, when a "huge demand" pops up across the horizon, like dark cracking alien ships in a Roland Emmerich movie.
 

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Investing in Oil, the Right Energy and the Power Game

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Written by Erik Thorsen Tuesday, 01 November 2011 22:25

In the early 1980s, Ronald Reagan's America influenced the prices of crude oil to go low. This raised production and gradually led to a simulated peak oil. Some liberals still believe it was real. The actual backstage game was to speed up bankruptcy across the Soviet economy. With the Red Army clogged in Afghanistan, with their centralized clunky planned economy, a so-called oil peak was an intelligent push to cripple a huge portion of Moscow's income from energy exports. So the Soviet empire was no more after 1991. 

Almost a decade later, the young guns of the former KGB took over Kremlin. They were not just young but also much smarter than their former leaders. Vladimir Putin's Russia has rebuilt its political power and projected regional influence based on natural gas and oil exports. Former communists swiftly converted into capitalists, building a transnational network of oil companies from Europe to Japan, from South America to the Middle East and from China to Northern Africa.  

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Rare Earths, China and the Price of Oil

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Last Updated on Tuesday, 25 October 2011 10:35 Written by Erik Thorsen Friday, 21 October 2011 00:00

BEIJING – China's biggest producer of rare earths is suspending production for one month in hopes of boosting slumping prices of the exotic minerals used in mobile phones and other high-tech products.

This week's move by Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech might fuel tensions with the United States and Europe. They have questioned Beijing's decision announced earlier to limit exports while it tries to develop its own manufacturers of magnets and other products made of rare earths.

In a statement through the Shanghai Stock Exchange, Baotou Steel said it wants to "balance supply and demand" after prices for rare earths fell amid uncertainty about the U.S. and European economic outlooks.
Rare earths are a group of 17 minerals used in manufacturing flat-screen TVs, mobile phones, batteries for electric cars, wind turbines and weaponry.

It's also good to know that "China has about 30 percent of global rare earth deposits but accounts for 97 percent of production." Why did other countries, having about 70 percent of global rare earths deposits, stopped mining them? The short answer to this is that "there's no such thing as pollution in China" (a non-physics statement, to be more precise). The long answer is that China lowered production costs, hence market prices, to such a level that it was more profitable to import rare earths from there than to mine for them at home. But things, it seems, start to gradually change. 
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Shale Gas, Argentina and Prices

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Last Updated on Tuesday, 25 October 2011 06:23 Written by Erik Thorsen Thursday, 13 October 2011 15:59

Politics and regulations, not supply and demand, hide behind oil and gas prices! Yes, we figured that out, and here's yet another sample case, confirming predictions that our planet is packed with huge (practically unlimited) fuel resources. Our economies would have a hard time to exhaust all natural gas and crude oil reserves over several centuries. And by the way, another pertinent prediction would allow a century or so for new and smarter scientists of the morrow to extract the works of Nikola Tesla from the secret drawers and give us public portable ZPM's. So that most of the oil and gas will remain, forgotten, beneath the dust of a legacy industrial gone age.

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Scandium Deposits in the Company of Thorium

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Last Updated on Monday, 10 October 2011 15:07 Written by Erik Thorsen Monday, 10 October 2011 14:32

Recent news inform us that in Queensland, Australia, a "mining company has discovered one of the world's largest deposits of the rare earth, scandium.

"Scandium is used to make solid oxide fuel cells, which are used generating electricity from natural gas and renewable fuels." (writes abc.net.au

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