Tag: oil
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ron paul warns congress on ‘virtual war resolution’
from youtube: In a speech on the House Floor, Ron Paul gives a stern warning about the push for war with Iran, including the upcoming H.R. 362 which would levy harsh sanctions, boycotts and embargoes. Moreover, a bombing campaign – as many neocons have pushed for – would send energy prices soaring, with some speculations…
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japanese invent car that runs on water
from nikkei business publications: Genepax Co Ltd explained the technologies used in its new fuel cell system “Water Energy System (WES),” which uses water as a fuel and does not emit CO2. The system can generate power just by supplying water and air to the fuel and air electrodes, respectively, the company said at the…
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gas hits national average of $4 for first time
from ap: Drivers are paying an average of $4 for a gallon of gasoline for the first time. AAA and the Oil Price Information Service say the national average price for a gallon of regular gas rose to $4.005 overnight from $3.988. But consumers in many parts of the country have already been paying well…
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cnn & the ‘peak oil survivalist’
from raw replay: CNN’s Debra Feyerick reported on a high school teacher in Skowhegan, Maine who is preparing for the worst energy crisis the world has ever seen. Iver Lofving believes that the world is running out of oil. For ten years, Lofving has been preparing survive in a world where petroleum is scarce. This…
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felonious soros warns of market crash
from guardian: George Soros, the billionaire hedge fund manager, will warn later today that the oil price has become a bubble that could trigger a stock market crash. The Financial Times reported today that Soros will tell the US Senate commerce committee that oil was pushed to its recent all-time peak of $135 a barrel…
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gold continues record-breaking run
from huffington post: Gold prices surged further into record territory on Thursday while oil traded within a whisker of its record $100 set in the previous session, as commodity markets continued their sprint start to 2008. Gold soared to $868.00 a troy ounce, setting a record for a second session after hitting $861.10 on Wednesday,…
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crude milestone: crude oil futures hit $100 per barrel
from ap: Crude oil prices briefly soared to $100 a barrel Wednesday for the first time, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will outstrip supplies. Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while ……
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Bank Predicts Ron Paul Win & US Slump
Denmark-based Saxo Bank predicts Ron Paul presidency in 2008, saying US economy will plunge into a depression prior to the election… Saxo Bank says the US economy will shrink by 25% and the Chinese economy will decrease by 40%. The economic downturn will come about as a result of the housing crash.
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iran dumps the dollar in oil deals
from press tv: Iran has completely stopped carrying out its oil deals in dollar following the OPEC proposal to trade crude in non-dollar currencies. “The dollar is no longer a reliable currency, considering its devaluation and the loss suffered by oil exporters,” said Iranian Oil Minister Gholam-Hossein Nozari. “Iran proposed in the last OPEC (Organization…
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poll shows 62% believe US had 9/11 foreknowledge
from nypost: Nearly two-thirds of Americans believe the federal government had warnings about 9/11 but decided to ignore them, a national survey found. And that’s not the only conspiracy theory with a huge number of true believers in the United States. The poll found that more than one out of three Americans believe Washington is…
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sanctions, protests, shills & bill
oil rises to record $91 a barrel on iran sanctionsfrom bloomberg: Crude oil rose to a record above $91 a barrel in New York on an unexpected drop in U.S. stockpiles and concern that supply from the Middle East may be disrupted… Inventories last week fell 5.29 million barrels to the lowest since January, the…
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iran asks japan to pay yen for oil
from bloomberg: Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran’s central bank said it is reducing holdings of the U.S. dollar. Iran wants yen-based transactions “for any/all of your forthcoming Iranian crude oil liftings,” according to a letter sent to Japanese refiners that was signed…
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news on the march
‘behavior-detection’ graduates from airports to bus & train stationsfrom kurt nimmo: In celebration of Independence Day commemorating the adoption of the Declaration of Independence on July 4, 1776, the feds have increased the visibility of armed goons at train stations and bus terminals across the country. “Officials from the Transportation Security Administration, formed after the…
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australia says oil behind iraq war
from sydney morning herald: The government has admitted the need to secure oil supplies is a factor in Australia’s continued military involvement in Iraq. Defence Minister Brendan Nelson said today oil was a factor in Australia’s contribution to the unpopular war, as “energy security” and stability in the Middle East would be crucial to the…