Israel is a stronghold for us…It's like having an aircraft carrier in the Middle East…If Israel disappears, Russia, China and the BRICS+ countries will control 90% of the world's oil, and this will be a disaster.pic.twitter.com/OWmu2peyFF
thecradle | The catastrophic debacle of Project Ukraine and the revival of an intractable West Asian war are deeply intertwined.
Beyond
the fog of Washington's “worry” about Tel Aviv’s genocidal rampage, the
crucial fact is that we are right in the thick of a war against BRICS
11.
The Empire does not do
strategy; at best, it does tactical business plans on the fly. There are
two immediate tactics in play: a US Armada deployed in
the Eastern Mediterranean – in a failed effort to intimidate Resistance
Axis behemoths Iran and Hezbollah - and a possible Milei election in
Argentina tied to his avowed promise to break Brazil-Argentina
relations.
So
this is a simultaneous attack on BRICS 11 on two fronts: West Asia and
South America. There will be no American efforts spared to prevent BRICS
11 from getting close to OPEC+. A key aim is to instill fear in Riyadh
and Abu Dhabi – as confirmed by Persian Gulf business sources.
Even
vassal leaders at the OIC show would have been aware that we are now
deep into The Empire Strikes Back. That also largely explains their
cowardice.
They
know that for the Hegemon, multipolarity equals “chaos,” unipolarity
equals “order,” and malign actors equal “autocrats” - such as the new
Russian-Chinese-Iranian “Axis of Evil” and anyone, especially vassals,
that opposes the “rules-based international order.”
And that brings us to a tale of two ceasefires. Tens of millions across the Global Majority are asking why the Hegemon is desperate for a ceasefire in Ukraine while flatly refusing a ceasefire in Palestine.
Freezing Project
Ukraine preserves the Ghost of Hegemony just a little bit longer. Let's
assume Moscow would take the bait (it won’t). But to freeze Ukraine in
Europe, the Hegemon will need an Israeli win in Gaza - perhaps at any
and all costs - to maintain even a vestige of its former glory.
But
can Israel achieve victory any more than Ukraine can? Tel Aviv may have
already lost the war on 7 October as it can never regain its facade of
invincibility. And if this transforms into a regional war that Israel
loses, the US will lose its Arab vassals overnight, who today have a
Chinese and Russian option waiting in the wings.
The
Roar of the Street is getting louder - demanding that the Biden
administration, now seen as complicit with Tel Aviv, halt the Israeli
genocide that may lead to a World War. But Washington will not comply.
Wars in Europe and West Asia may be its last chance (it will lose) to
subvert the emergence of a prosperous, connected, peaceful Eurasia
Century.
The catastrophic debacle of Project Ukraine and the revival of an intractable West Asian war are deeply intertwined.
Beyond
the fog of Washington's “worry” about Tel Aviv’s genocidal rampage, the
crucial fact is that we are right in the thick of a war against BRICS
11.
The Empire does not do
strategy; at best, it does tactical business plans on the fly. There are
two immediate tactics in play: a US Armada deployed in
the Eastern Mediterranean – in a failed effort to intimidate Resistance
Axis behemoths Iran and Hezbollah - and a possible Milei election in
Argentina tied to his avowed promise to break Brazil-Argentina
relations.
So
this is a simultaneous attack on BRICS 11 on two fronts: West Asia and
South America. There will be no American efforts spared to prevent BRICS
11 from getting close to OPEC+. A key aim is to instill fear in Riyadh
and Abu Dhabi – as confirmed by Persian Gulf business sources.
Even
vassal leaders at the OIC show would have been aware that we are now
deep into The Empire Strikes Back. That also largely explains their
cowardice.
They
know that for the Hegemon, multipolarity equals “chaos,” unipolarity
equals “order,” and malign actors equal “autocrats” - such as the new
Russian-Chinese-Iranian “Axis of Evil” and anyone, especially vassals,
that opposes the “rules-based international order.”
And that brings us to a tale of two ceasefires. Tens of millions across the Global Majority are asking why the Hegemon is desperate for a ceasefire in Ukraine while flatly refusing a ceasefire in Palestine.
Freezing Project
Ukraine preserves the Ghost of Hegemony just a little bit longer. Let's
assume Moscow would take the bait (it won’t). But to freeze Ukraine in
Europe, the Hegemon will need an Israeli win in Gaza - perhaps at any
and all costs - to maintain even a vestige of its former glory.
But
can Israel achieve victory any more than Ukraine can? Tel Aviv may have
already lost the war on 7 October as it can never regain its facade of
invincibility. And if this transforms into a regional war that Israel
loses, the US will lose its Arab vassals overnight, who today have a
Chinese and Russian option waiting in the wings.
The
Roar of the Street is getting louder - demanding that the Biden
administration, now seen as complicit with Tel Aviv, halt the Israeli
genocide that may lead to a World War. But Washington will not comply.
Wars in Europe and West Asia may be its last chance (it will lose) to
subvert the emergence of a prosperous, connected, peaceful Eurasia
Century.
statista | Even with the share of renewables in electricity production rising continuously over the past years, oil
remains the world's most important energy source when factoring in
transport and heating. 29 percent of the world's energy supply in 2020
came from oil, according to an analysis by the International Energy Agency (IEA). As our chart based on the Energy Institute Statistical Review of World Energy 2023 shows, two countries were particularly heavy oil consumers in 2022.
The
United States consumed 19 million barrels of oil per day, followed by
its fiercest economic and political competitor, the People's Republic of
China, with 14 million barrels per day this past year. The usage of
other countries pales compared to the two superpowers: The rest of the
top 8 consumers combined only amounted to two thirds of the amount used
by the U.S. and China.
When looking at the change in oil
consumption between 2012 and 2022, the picture changes significantly.
U.S. oil usage only increased by about nine percent, with China and
India emerging as growth leaders with 42 and 41 percent consumption
growth, respectively. All in all, four out of the five BRICS countries
are featured in the top 8 oil-consuming countries, and three out of
four have shown a considerable increase in appetite for fossil fuel over
the past decade.
Newsweek | Diesel inventories in the U.S. have not been so low since 2008, with the Energy Information Administration (EIA) reporting that, as of October 14, the country had 25.4 days left of distillate supplies—which include diesel, jet fuel and heating oil.
The supply crunch is particularly severe in the East Coast, according to analysts who previously talked to Newsweek.
Mansfield Energy, a major fuel supply and logistics company based in Georgia and operating in every U.S. state, wrote in a recent news release that the "East Coast fuel markets are facing diesel supply constraints due to market economics and tight inventories."
According to the fuel supply company, extremely high diesel prices—which have surged due to low inventories combined with high demand—are concentrated in the North East, while supply outages are currently hitting the Southeast.
These shortages, write Mansfield Energy, are due to a combination of
"poor pipeline shipping economics and historically low diesel
inventories."
Mansfield Energy identified the most acute shortages to be in these seven states:
Alabama
Georgia
Maryland
North Carolina
South Carolina
Tennessee
Virginia
These
seven states have been given an Alert Level 4 by the fuel supply
company "to address market volatility," while the entire Southeast was
moved to Code Red, which requires a 72-hour notice for fuel deliveries
when possible "to ensure fuel and freight can be secured at economical
levels."
"Normally, East Coast markets would have about 50 million
barrels of supply in storage throughout the market—and sometimes much
more," wrote Mansfield Energy in a news release published on October 27.
"This
year, however, the East has less than 25 million barrels on hand. That
means that when bulk traders go to pull their inventories, they may not
find much left in the tank. For East Coast fleets, then—now is the
critical time to make sure your supplier has a plan for the winter to
keep your equipment running. Outside the East Coast, markets could face
some challenges, but most of the biggest issues will be concentrated
eastward."
Guardian | Millions of Americans are currently working two or more jobs in order to make ends meet, as global inflation and corporations jacking up prices have sent prices of food, gas, housing, health insurance and other necessities soaring in the past year.
Cashe
Lewis, 31, of Denver, Colorado works two jobs and is currently trying
to find a third job to cover the recent $200 monthly rent increase to
her apartment. She works days as a barista at Starbucks, but claims it’s
been difficult to get enough hours even with taking extra shifts
whenever she can due to scheduling cuts as part of the crackdown on union organizing by management.
At night she works at a convenience store because the hours are reliable, and works six days a week, often 16 hours a day.
“I’m
exhausted all the time,” said Lewis. “On the one day I have off a week,
I donate plasma for extra money. I’m literally selling my blood to eat
because I have no choice.”
Her partner suffers
from epilepsy and can’t work full-time hours because of it. Even with
insurance, their medication is expensive and she spends about half of a
two-week paycheck at Starbucks to cover the health insurance premiums.
Over
the past five years, she has struggled with homelessness, and was
previously fired from her job for sleeping in her car behind her place
of employment.
“All of my friends and family
work multiple jobs as well, just trying to keep our heads above water.
Nothing is affordable and the roadblocks set up to keep people in the
cycle of poverty benefit the most wealthy members of our society,” added
Lewis. “We aren’t living, we’re barely surviving and we have no choice
but to keep doing it.”
More Americans have been working two or more jobs over the past few decades, according to data
from the US census, with women more likely than men to have multiple
jobs and multiple jobholders most prevalent among low-wage workers.
Laura
Richwine of Omaha, Nebraska, works two jobs, one in fraud prevention
and the other doing administrative work, and had previously been working
three jobs to keep up with hefty medical bills she’s been facing since
being hit by a car in 2014.
“It’s
rough and I barely have any energy to keep up with much else,” said
Richwine. “I’ve got a bachelor’s degree and have been working for over
10 years, but up until this year I had never had a job that paid more
than $15 an hour. Many places around me still only offer Nebraska
minimum wage, which is $9 an hour. You can hardly even buy food with
that amount.”
Though US census data estimates these rates and numbers to be much higher, at 7.8% in the most recent year where data is available, 2018, about 13 million workers, while BLS data at the time estimated 5.0% of the workforce holding multiple jobs.
Both data sets are considered an underestimate of the number of multiple jobholders in the US labor market due to constrictions on what is defined as a multiple jobholder and the lack of data on self-employment, such as gig workers.
Rep. Ro Khanna and Sen. Chris Murphy each demonstrate how painfully stupid and ignorant democrat congress critters are on the topic of energy, energy markets, and foreign policy. With morons like this running their mouths in public, you don't even need self-interested enemies.
Rule of Thumb for (short and medium term) demand/supply elascity of oil; 1:20
A 1% change in supply results in a 20% change in price.
$100 million oil demand is close enough to estimate the impact of both the OPEC supply cuts as well as maybe a 1 million (?) reduction in RF exports to NATOland.
3% reduction in supply equals….a whopping huge increase in price.
(note long term oil price elasticity is close to 1:1, but long term is generally out 3 years )
thehill | Congressional Democrats and the Biden administration
took aim at the Organization of Petroleum Exporting Countries and its
lead producer, Saudi Arabia, following the announcement that the OPEC+
bloc will cut oil production by 2 million barrels a day.
The announcement comes months after President Biden visited Saudi
Arabia to appeal to the kingdom’s leaders to increase production in
hopes of reducing domestic gas prices and depriving Russia of energy
revenues.
The cuts could mean an increase in gas prices ahead of election day
and throw a lifeline to the Kremlin after weeks of gains by Ukrainian
forces against the Russian invasion.
“It’s clear that OPEC+ is aligning with Russia with today’s announcement,” White House press secretary Karine Jean-Pierre told reporters hours after the announcement.
Pierre was noncommittal on whether the announcement would affect
broader Washington-Riyadh relations, saying, “I can speak to this
decision: it’s a mistake.”
Democrats in Congress were blunter, specifically questioning the
purpose of overlooking Saudi Arabia’s human rights records and selling
the nation weapons at no benefit to the U.S.
“I thought the whole point of selling arms to the Gulf States despite
their human rights abuses, nonsensical Yemen War, working against US
interests in Libya, Sudan etc, was that when an international crisis
came, the Gulf could choose America over Russia/China,” Sen. Chris Murphy (D-Conn.), who sits on the Senate Foreign Relations Committee, tweeted Wednesday morning.
Murphy further excoriated the decision in an interview with CNBC Wednesday from the Warsaw Security Forum in Poland, calling for a “full-scale re-evaluation” of the U.S.-Saudi alliance.
“What’s the point of looking the other way as the Saudis chop up
journalists [and] repress political speech inside Saudi Arabia if, when
the chips are down, the Saudis essentially choose the Russians instead
of the United States?” Murphy said, referencing the 2018 assassination
of Washington Post columnist Jamal Khashoggi.
“We’ve been very clear with them; we need them right now … and it
seems like either the Saudis aren’t willing to stand with us or have to
be pushed very hard to stand with us,” Murphy said.
The Connecticut senator struck a pessimistic note on Biden’s July
visit, saying it “does not seem to have gotten us what we need,” also
referencing the collapse of the truce in Yemen’s civil war. “I think you
have to be very careful doing business with the Saudis these days.”
wikipedia |Proven oil reserves
are those quantities of petroleum which, by analysis of geological and
engineering data, can be estimated, with a high degree of confidence, to
be commercially recoverable from a given date forward from known
reservoirs and under current economic conditions.
Some statistics on this page are disputed and controversial. Different sources (OPEC, CIA World Factbook, oil companies)
give different figures. Some of the differences reflect different types
of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Because proven reserves include oil recoverable under current
economic conditions, nations may see large increases in proven reserves
when known, but previously uneconomic deposits become economic to
develop. In this way, Canada's proven reserves increased suddenly in
2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic.
Reserves amounts are listed in millions of barrels. The column "Years of production in reserve" uses the daily production figures as of 2016[5] (multiplied by 365).
* indicates "Oil reserves in COUNTRY or TERRITORY" or "Energy in COUNTRY or TERRITORY" links.
wikipedia | This list is based on CIA The World Factbook (when no citation is given).[1] or other authoritative third-party sources (as cited). Based on data from EIA, at the start of 2021, proved gas reserves were dominated by three countries: Iran, Russia, and Qatar.
There is some disagreement on which country has the largest
proven gas reserves. Sources that consider that Russia has by far the
largest proven reserves include the US CIA (47600 cubic kilometers),[2] the US Energy Information Administration (EIA) (49000 km³),[3] and OPEC (48810 km3).[4] However, BP credits Russia with only 32900 km3,[5] which would place it in second place, slightly behind Iran (33100 to 33800 km3, depending on the source).
Due to constant announcements of shale gasrecoverable reserves, as well as drilling in Central Asia, South America and Africa, deepwater drilling,
estimates are undergoing frequent updates, mostly increasing. Since
2000, some countries, notably the US and Canada, have seen large
increases in proved gas reserves due to development of shale gas, but shale gas deposits in most countries are yet to be added to reserve calculations.
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