Friday, September 27, 2013

Peak Oil Is Finally Here (Hint: Its a Peak of Demand)




Peak Oil Is Finally Here
By Morgan House
August 5, 2013
http://www.fool.com/investing/general/2013/08/05/peak-oil-is-finally-here.aspx

Peak oil is here, writes The Economist.

But not the peak oil you're thinking of, where supplies dwindle and prices march inevitably higher. That's so 2008. This is peak oil demand, and it could hit in the next few years.

It writes:

We believe that demand, not supply, could decline. In the rich world oil demand has already peaked: it has fallen since 2005. Even allowing for all those new drivers in Beijing and Delhi, two revolutions in technology will dampen the world's thirst for the black stuff.

The first revolution was led by a Texan who has just died (see article). George Mitchell championed "fracking" as a way to release huge supplies of "unconventional" gas from shale beds.

... The other great change is in automotive technology. Rapid advances in engine and vehicle design also threaten oil's dominance. Foremost is the efficiency of the internal-combustion engine itself.
Petrol and diesel engines are becoming ever more frugal. The materials used to make cars are getting lighter and stronger. The growing popularity of electric and hybrid cars, as well as vehicles powered by natural gas or hydrogen fuel cells, will also have an effect on demand for oil.

The last time domestic oil production was as high as it was in May (about 7.5 million barrels per day), current college seniors weren't yet alive:

Source: Energy Information Agency. Assumes 30 days per month.


ATT, Verizon, Sprint Are Paid Cash By NSA For Your Private Communications


Everything is a profit model, even the loss of your privacy and freedom.... -Bill

ATT, Verizon, Sprint Are Paid Cash By NSA For Your Private Communications

The National Security Agency pays AT&T, Verizon and Sprint several hundred million dollars a year for access to 81% of all international phone calls into the US, according to a leaked inspector general’s report, which has been reported by the Washington Post, AP, and the New York Review of Books. In fact., this secret report says that “NSA maintains relationships with over 100 U.S. companies, underscoring that the U/S. has the “home-field advantage as the primary hub for worldwide communications,”  the New York Review of Books reported in its August 15 issue. These secret cooperative agreements reveal that NSA   pays surveillance fees  to  telcos and phone companies were first made public by Edward Snowden, the former NSA administrator, now  resident in Russia.

AT&T charges $325 for each activation fee and $10 a day to monitor the account, according to the AP. Verizon charges $775  per tapping for the first month and then $500 a month thereafter, according to the Associated Press today. The article reported that Microsoft MSFT, Yahoo and Google refused to say how much they charged to allow the government to tap into emails and other non-telephonic communications.

In a separate report the Washington Post reported that  NSA pays the telcos roughly $300 million annually for access to  information on their communications; where and when they occurred,  the identity of the person called and how long the conversation lasted. This surveillance is accomplished by tapping into “high volume circuits and packet-switched networks.” The ability to obtain this information was authorized by the US Communications Assistance for Law Enforcement Act, passed in 1994 by the Clinton administration.

While $300 million for giant telephone companies  is only a slight fraction of their overall revenues, it is quite a shocking revelation to think that the telcos consumers pay every month to hook them up with  the world are also being paid by the U.S. government to maintain watch over our daily communication whether over wired instruments or unwired communications equipment like I pads and cell phones. Snowden recently released information by means of a  slide which revealed that the government ” was able to access real-time-data on the live voice, text, e-mail, or internet chat services, in addition to analyzing stored data.” (like your Facebook account)

GAIA PORTAL: Temporal adjustments to Gaia upgrade process allow shadow-seekers to ‘catch up’



Temporal adjustments to Gaia upgrade process allow shadow-seekers to ‘catch up’
by √ČirePort

Temporal adjustments to Gaia upgrade process allow shadow-seekers to 'catch up', as some would call it.

This period of 'Gaia Grace' comes with the caveat that those unwilling to continue energetic upgrades in the Ascension path will be transferred to alternate 3D environments, away from the Gaia Earth, to continue their development.

Local conditions vary from Gaia location to Gaia location.

Each hu-being as well as Hue-Being may follow individually arranged guidance to continue as best desired for each.

√ČirePort | September 27, 2013 at 16:01
URL: http://wp.me/p2sFUY-ou

Chicago Fed Crushes Recovery Dreams In 2 Tweets

Chicago Fed Crushes Recovery Dreams In 2 Tweets

Tyler Durden's picture



Some joked that the Chicago Fed's Twitter account must have been hacked buyt it turns out that is not entirely true. Following Esther George's "renegade" comments last night, Austan Goolsbee was unleashed by Fed's Evans to lay down some ugly truthiness in 140-character-world. The results - in these 2 tweets - say everything about the level of excessive optimism that remains in our new normal world...

It's crazy pills time...

Here is Esther Georrge's inconvenient truths from alst night's speech:
  • *GEORGE SEES EXCESSIVE RISK TAKING IN LEVERAGED LENDING MARKET
  • *GEORGE SAYS SHE HOPES FOR A `DIVERSE' FED BOARD OF GOVERNORS
  • *GEORGE SAYS LABOR PARTICIPATION RATE LIKELY TO FALL FURTHER

And here from Goolsbee via The Chicago Fed:
First this...


and then the slam-down...


So there's still a chance?

Greece On The Verge? Military Special Forces Have 15 Demands... Or Else

http://www.zerohedge.com/news/2013-09-26/greece-verge-military-special-forces-have-15-demands-or-else

Greece On The Verge? Military Special Forces Have 15 Demands... Or Else

Tyler Durden's picture

Greek government authorities are on alert after a union of Greek army reservists of Special Forces issued a statement urging the Greek administration to step down and make way for a national unity government. As Keep Talking Greece notes, the statement on the union' website included 15 demands - including the resignation of the Greek President - and urged people to gather at the infamous Syntagma Square on Saturday. The statement was interpreted by some as a call to a "coup d'etat" - denied by the union - but prompted Greece's Supreme Court to meet to discuss it.
The 15 Demands...
The announcement of reservists as posted on the website keed-hellas.blogspot.com
"OUR PRIMARY PURPOSE DEFENSE OF OUR COUNTRY.
Reservists Special Forces and the Greek people to implementation of Article 120 of the Constitution requires:
1. IMMEDIATE RESIGNATION OF GOVERNMENT of the impossibility of providing the people as provided in the Constitution at Work (Article 22), health, education, justice, security.
Two. ESTABLISHING A NATIONAL GOVERNMENT PLANS chaired by Supreme Court of personalities on proven outside politics and consultants from the Academy of Athens.
Three. SUSPENSION OF APPLICATION NOTICE MNIMONIAKON laws and within two months, with a ban on participation of all citizens who participated in the governments responsible for the current economic situation.
4. EXAMINING BOARD of the supreme court and accountability for the HOW and WHO led us to Catastrophic Agreement Memorandum. Establishment of Constitutional Court Effective power impose its will.
5. Immediate suspension of dismissal from the State.
6. SUSPENSION further TAX for Family Income up to 25.000 €.
7. SUSPENSION auctions and bank claims until the Completion Audit of Banks of Certified Public Accountants and accountability.
8. Complaint EPACHTHOUS DEBT.
9. PROHIBITION OF SALE PUBLIC PROPERTY, Resume Defence Industries.
10. DIRECT confiscation German (Retail / Business / Office) FULL COMPENSATION until the Greek government for war reparations and occupation loan.
11. BREAK THE LAW ON LIABILITY minister and VOULEFTIKIS ASYLIAS. Regardless of all "THE GREEKS ARE EQUAL BEFORE THE LAW" (Article 4).
12. CONTROL assets of those involved in economic positions of government, prosecute illicit enrichment and Efficiency to the State.
13. OPERATIONAL CONTROL - LICENSING LEGALITY broadcasters and immediate return to the Greek government debts.
14. Protection from Hostile Elongation at AEGEAN, Macedonia, Epirus, Thrace and Cyprus, while suppressing the various groups that see inside.
15. REMOVE ILLEGAL IMMIGRANTS with a similar promotion in European countries and the server. EXPORT BAN MONEY Over 20% of the taxable income of such.
• The KK PRESIDENT OF THE REPUBLIC INVITED WAIVED as an appropriate time to facilitate desired development of the Greek people.
• THESMOS WARRANTOR all of the above may be the ARMED FORCES OF THE COUNTRY AS POWERFUL ANIDIOTELIS ENTITY TO ANY THREAT.
• Bodies SECURITY REQUIRED TO SECURING THE IMPLEMENTATION OF THE ABOVE AND SMOOTH MIGRATION IN ACTUAL constitutional legality. "
* *
And some more from the Guardian:

No country has displayed more of a "backslide in democracy" than Greece, the British thinktank Demos has said in a study highlighting the crisis-plagued country's slide into economic, social and political disarray.

Released on the same day that judicial authorities ordered an investigation into a blog posting by an elite reservist group linked to Greece's armed forces calling for a coup d'etat, the study singled out Greece and Hungary for being "the most significant democratic backsliders" in the EU.

"Researchers found Greece overwhelmed by high unemployment, social unrest, endemic corruption and a severe disillusionment with the political establishment," it said. The report, commissioned by the European parliament, noted that Greece was the most corrupt state in the 28-nation bloc and voiced fears over the rise of far-right extremism in the country.

The report was released as the fragile two-party coalition of the prime minister, Antonis Samaras, admitted it was worried by a call for a military coup posted overnight on Wednesday on the website of the Special Forces Reserve Union. "It must worry us," said a government spokesman, Simos Kedikoglou. "The overwhelming majority in the armed forces are devoted to our democracy," he said. "The few who are not will face the consequences."

With tension running high after a crackdown on the neo-Nazi Golden Dawn party, a supreme court public prosecutor demanded an immediate inquiry into who may have written the post, which called for an interim government under "the guarantee of the armed forces".

The special forces reservist unit who issued the social media call – whose members appeared in uniform to protest against a visit to Athens by the German chancellor, Angela Merkel – said Greece should renege on the conditions attached to an international bailout and set up special courts to prosecute those responsible for its worst financial crisis in modern times. Assets belonging to German companies, individuals or the state should be seized to pay off war reparations amassed during the Nazi occupation.

John Kerry admits WTC7 building was brought down by controlled demolition



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