Friday, December 19, 2014

UK Oil Industry "Close To Collapse" As Price Plunges Below $60 Per Barrel

Good riddance to BP who has yet to pay for Gulf oil catastrophe; oil company criminals now paying the price for pauperising the middle classes of the world with largest corporate ripoff in history - gas should be at 40 cents a gallon with glut prices at rock bottom  

RT
12/18/2014

Britain’s oil industry is in a “crisis” and may be “close to collapse,” a senior oil industry expert has said, as the UK’s biggest oil and gas companies continue to cut staff and investment and the price of crude slumps.


Oil companies on the skids as Americans, world just
say no to continued looting and turn to alternatives
Speaking to the BBC, Robin Allan, chairman of the independent explorers’ association Brindex, echoed warnings made by other figures in the oil industry in the past month, saying that no new projects in the North Sea would be profitable while oil is being traded at below $60 a barrel. “It's almost impossible to make money at these oil prices,” Allan said. “It's close to collapse,” he said. “In terms of new investments – there will be none, everyone is retreating, people are being laid off at most companies this week and in the coming weeks. Budgets for 2015 are being cut by everyone.”


While Allan said such fluctuations had happened before, he also said more oil workers than usual may be axed, particularly contractors rather than full-time employees.

UK oil and gas production has declined since 1999, although investment levels have remained high. While the UK is exploring alternative energy options, investment into oil peaked in 2013, at around £13 billion.


Oil companies destroy environment, poison civilian populations, destroy entire economies, loot continents and then charge you for it - what a deal

Earlier this year, a study conducted by the UK Department of Business, Innovation & Skills and the oil and gas safety body Optio predicted as many as 35,000 jobs in the sector could be lost within the next five years as oil prices continue to plunge.

Meanwhile, insolvencies among UK oil and gas companies have trebled this year, with a further £55 billion worth of future oil projects facing cuts or outright cancelation, according to leading UK accountancy firm Moore Stephens.


Fracking and the resulting environmental destruction
now completely unjustified, unsupportable
However, some analysts believe a decline in oil prices may work in the UK’s favor, particularly in comparison to major oil-producing countries such as Russia and Saudi Arabia.

“In essence, an oil price fall acts like a tax cut for the economy, but a particularly favorable one in the sense that the burden of lost revenue is primarily borne by the major oil producers such as the OPEC member countries and Russia,” said John Hawksworth, chief economist for PriceWaterhouseCoopers (PwC).


“Of course, the UK is still a significant oil producer, but we are now a net oil importer, so there should be a net benefit to our economy as a whole, even if there as some losers in the UK oil and gas sector,” he said.


Obama won't be laughing anymore when his "cut" gets gutted
Despite this, new figures commissioned by BBC News showed Britons were using 10 percent less energy than they were five years ago, despite the British economy growing in real terms.

According to the report, much of this is due to increased use of energy-saving domestic appliances, as well as an increased use of green energy sources.



This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

When Obama Was Mistaken For Waiter And Valet

Obama plumbs new depths of despair as he now uses race in an attempt to divert from CIA torture, Senate spying and calls for war crimes trials for Bush/Cheney criminals  

THE TIMES OF INDIA
By Chidanand Rajghatta
12/18/2014

WASHINGTON:

President Barack Obama and First Lady Michelle Obama say they have been mistaken for valet and wait staff on their journey to the White House despite the progress America has seen in race relations.


No mistaking this attitude
The First Couple sat down for a candid conversation with People magazine on racism in American amid a fervid debate on the issue after a raft of white-on-black killings. "There's no black male my age, who's a professional, who hasn't come out of a restaurant and is waiting for their car and somebody didn't hand them their car keys," the President told the magazine, confirming that he had experienced being taken for a valet.




The President was joined by the First Lady for an interview on, "How We Deal with Our Own Racist Experiences," that will hit the stands on Friday. On her part, Michelle Obama related that even as the First Lady, during a visit she took to a Target (Departmental) store, the only person who came up to her in the store was a woman who asked her to help take something off a shelf. "Because she didn't see me as the first lady, she saw me as someone who could help her. Those kinds of things happen in life. So it isn't anything new," she said.


The good old days of lying, spinning at an end
The interview came amid chatter that the First Couple were insulated from — or had grown out of — the racial discrimination that black experience every day and that the President was cold to the suffering of African-Americans.

The First Lady contested that. "I think people forget that we've lived in the White House for six years," she said. "Before that, Barack Obama was a black man that lived on the South Side of Chicago, who had his share of troubles catching cabs."



She also recalled another incident when Obama was wearing a tuxedo at a black-tie dinner, and somebody asked him to get coffee.

There was have other eyewitness accounts of how Obama was subjected to prejudice even after he entered elite circles. A Wall Street Journal reporter once wrote about how she witnessed Obama get the rough end of the stereotype at a New York City book party hosted by Tina Brown in 2003.

The reporter had been chatting with Obama at the party and when they finished their conversation, another guest walked up to her and inquired after the man's identity, admitting that he had mistaken him for the wait staff.




The man, an established author, "sheepishly he told me he didn't know that Obama was a guest at the party, and had asked him to fetch him a drink. In less than six years, Obama has gone from being mistaken for a waiter among the New York media elite, to the president-elect," the journalist, Katie Rosman, had written.

However, the president said in the People interview that the small irritations or indignities that he and his wife experienced are nothing compared to what a previous generation experienced.

"It's one thing for me to be mistaken for a waiter at a gala. It's another thing for my son to be mistaken for a robber and to be handcuffed, or worse, if he happens to be walking down the street and is dressed the way teenagers dress," Obama said.



This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

New York State Bans Fracking For Natural Gas

The revolt begins

RT
12/18/2014

New York has become the first state to enact a ban against fracking despite sitting on rich natural gas deposits, a decision that goes against the energy orthodoxy of the rest of the United States.


New York Gov. Andrew Cuomo announced the ban on Wednesday, which will prohibit fracking for natural gas. The governor cited unresolved health concerns and questionable economic benefits as reasons for the measure.

During a state cabinet meeting, Cuomo said he would defer to his environmental and health commissioners to recommend a ban on fracking. The state has had a moratorium on shale gas development since 2008 as it underwent an environmental review. 


Both commissioners concluded that shale development carried unacceptable risks that haven’t been sufficiently studied.

“I cannot support high volume hydraulic fracturing in the great state of New York,” said Howard Zucker, acting New York State Health Commissioner. He equated fracking to second-hand smoke, the health risks of which were not fully understood until many years of scientific study were conducted.




Environmental Conservation Commissioner Joe Martens said there are a number of reasons that make fracking less economically beneficial than had been anticipated, including the low price of gas and the high local cost of industry oversight. Additionally, large areas would be off-limits to shale gas development because of setback requirements, water supply protections and local prohibitions.


The Department of Environmental Conservation will issue a final environmental impact statement early next year. After that, the agency is expected to issue an order prohibiting fracking.

The Marcellus Shale – a rock formation that sits under New York, Ohio, Pennsylvania and West Virginia – contains large natural gas deposits of interest to oil and gas companies. The method for releasing the gas involves drilling vertically and then horizontally blasting the rock apart to release the gas using chemically treated water at high pressure.


The fracking method has yielded tens of billions of dollars of profits for oil and gas companies, and turned the US into an energy supplier rather than an importer. However the methods used have led to national protests and complaints over air and water pollution, increased earthquakes, property devaluation and health impacts.




In New York, the governor faced opposition groups who worked tirelessly to lobby against fracking. Activists worried about the potential effect on the state’s watershed and the aquifers that supply New York City’s water, as well the potential impact on tourism and the quality of life in small upstate communities.

Before Cuomo’s announcement, dozens of towns and cities had enacted bans against fracking within city limits, which had implications for waste disposal for fracking operations. There were also maintenance concerns for rural roads that would be used for increased trucking.


The governor also faced the oil and gas industry, which lobbied to support fracking in the state. After Wednesday’s announcement, the industry said Cuomo had acted irresponsibly and threatened the state’s economy.


"...Governor Cuomo shows that New York families, teachers, roads and good-paying jobs have lost out to political gamesmanship. This is the wrong direction for New York," API New York State Petroleum Council Executive Director Karen Moreau said in a statement.

"Robust regulations exist at the federal and state levels nationwide for natural gas development and environmental protection," she added. 


"A politically motivated and equally misinformed ban on a proven technology used for over 60 years - throughout the country to great success - is short-sighted and reckless, particularly when New York depends on safely produced natural gas just over the border in Pennsylvania."


Following the decision, activists involved in petitioning for a ban on fracking rallied outside the governor’s midtown office in New York to celebrate the victory.

Against chants of “Thank you Governor Cuomo for protecting our health, our water, our air,” Alex Beauchamp, the northeast regional director for Food and Water Watch, said he didn’t expect it but he thinks it is fantastic news.




“The governor has always said he will listen to the science and he did that,” Beauchamp said. “There is an overwhelming amount of science that fracking harms our health and harms the environment. At the cabinet meeting today, Governor Cuomo pointed to that and made the reasonable decision to keep fracking out of New York, so we are excited and we want to thank the governor on behalf of all New Yorkers.”

Also attending the rally was Al Appleton, the former New York City Commissioner for Environmental Protection, who is now an international environmental consultant on sustainability and technical consultant to a number anti-fracking groups.




“New York State is undertaking a major challenge. It is not part of the American orthodoxy that you can [move] forward without promoting fossil fuel, so the challenge for New York state is to prove that green energy is not the fuel of the future but the fuel of the present.

“Just as fossil fuel is, in my view, the fuel of the past, we as a culture – as a planet – are facing the biggest challenge we’ve faced since the beginning of the industrial revolution. And it is not going to go away in our lifetime or in the lifetime of my children or my grandchildren, so there is a lot of work to do. But this is a hopeful step.”


Criminal oil companies, corrupt politicians beware

Appleton said the interesting thing about the environmental movement was there was a lot of people power but also an enormous amount of technical and intellectual power involved.

“Fourteen thousand comments were made on the Environmental Impact Statement (EIS). Many, if not most of those comments, were complicated technical comments about the geology of the shale, the character of the chemicals, the movement of groundwater.”

“That was an overwhelming body of material,” Appleton said. “When the Commissioner stepped up to the plate, he was facing dozens of groups that had done detailed health analysis so it was not just, ‘We don’t like this!’ but, ‘We have very good reasons for not liking this.’”



This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

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ANDREW KREIG: EXPERTS REJECT FIRE AS CAUSE FOR 9/11 WTC COLLAPSES

The real truth on 9/11 slowly continues to bleed out

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Technical experts are mounting major challenges to official U.S. government accounts of how three World Trade Center skyscrapers collapsed in near-freefall after the 9/11 attacks 15 years ago.

Many researchers are focusing especially on the little-known collapse of

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The Geopolitics Of The United States, Part 1: The Inevitable Empire

The Empire and the inevitable fall of the Obama criminal regime

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STRATFOR Editor’s Note: This installment on the United States, presented in two parts, is the 16th in a series of STRATFOR monographs on the geopolitics of countries influential in world affairs.

Like nearly all of the peoples of North and South America, most Americans are not originally from the territory that became the United States.

READ MORE >>

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Geopolitics Of The United States Part 2: American Identity And The Threats of Tomorrow

A look back at 2011 predictions for the future in order to put events of today into perspective

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We have already discussed in the first part of this analysis how the American geography dooms whoever controls the territory to being a global power, but there are a number of other outcomes that shape what that power will be like. The first and most critical is the impact of that geography on the American mindset.

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By Robert S. Finnegan

This e-mail outlines and confirms the acts of espionage against Indonesia and Indonesians by Akiko Makino and the others involved both in Kobe University and in AI Lab at University of Airlangga, Surabaya; Bahasa Indonesia original follows English translation...

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UPDATED 01/07/2015 : New Analysis Challenges Tamiflu Efficacy; Hong Kong Corona Virus Outbreak

UPDATED 01/07/2015 : FOX NEWS CORPORATE PHARMA SHILL MEGAN KELLY AND FOX NEWS QUACK DOCTOR NOW PUSHING TAMIFLU FOR PREGNANT WOMEN AND CHILDREN;

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THE 5TH ESTATE UNEQUIVOCALLY WARNS THE PUBLIC NOT TO TAKE OR GIVE THIS PROVEN DANGEROUS, INEFFECTIVE DRUG TO ANYONE

Obama criminals now resulting to biowarfare in quest to destroy Chinese and ASEAN economy; "novel virus substrain" points directly to a Kawaoka / Fouchier / Ernala-Ginting Kobe lab virus weaponized and genetically altered to specifically target and infect the Asian population: Ribavirin...

READ MORE >>

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The 5th Estate has just purchased a library on H5N1 "Novel" virus pandemics, there are dozens of PDF and Exel documents we feel will assist you in saving lives following intentional releases of the H5N1 and now MERS viruses; we will begin by printing those that appear to be extremely relevant here: H5N1 Kobe-Kawaoka-Ernala series continues soon with more "Smoking Gun" e-mails from Teridah Ernala to The 5th Estate . . .

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By Robert S. Finnegan

On October 12, 2002 the Indonesian island of Bali experienced a terrorist attack that rocked the world. It was unquestionably well-coordinated and executed, the largest in the country's history.

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