Category Archives: Petroleum

Apr 19 0 comments
China, Dollar Crisis, Energy Policy, Financial Crisis, Freedom, GeoPolitics, Oil, Petroleum

Oi! Oi! Oi!

THERE IS A REASON we do not develop our own energy resources…they are being held as collateral for our massive debts held by foreign countries. When we default you will see Chinese oils workers, miners, and other energy related workers showing up in the USA. They will live in separate autonomous communities apart from us, just like they are doing in Africa.

We are destined to be a resource of the Chinese with our population being irrelevant. In order to create a new world order, the largest pool of free thinking people has to be destroyed.

If you think me insane, look to Iraq. The Chinese are drilling for oil there, the USA is not. We have given them the oil as long as they give us loans. The government, Republicans and Democrats alike, have sold us out. Look on line to find the transcript of the speech given by Chinese General Chi Haotian to see the future the Chinese envision for us.

—sopwith

That’s an interesting take on things. But man, does it make me say ouch! I wonder how a President Palin, or a President Trump, God help us, might supercede this arrangement.

May 20 0 comments
China, Ecology, Energy Policy, Iraq, Islam, Oil, Petroleum, Russia, Wealth

Blood For Oil Gone Awry

iraqioil

Iraqi Oil, American Blood

Isn’t this the sorriest of outcomes with the loss of American blood and treasure in Iraq—to be scooped by the yen-manipulating Chinese and the increasingly belligerent Islamic Turks? Can someone tell us how much oil are we now getting from Iraq? Word is China has also bought into the Alberta Oil Sands, a major supply to the US, while the libs scream for a boycott of Canadian “dirty” oil..

Fred Kagan writes in No Blood For Oil:

One would have thought that leading Democratic senators who claim to be interested in finding other sources of funding to replace American dollars in Iraq, in helping Iraq spend its own money on its own people, and in lowering the price of gasoline for American citizens, would have been all for it. Instead, Senators Chuck Schumer, John Kerry, and Claire McCaskill wrote a letter to Secretary of State Condi Rice asking her “to persuade the GOI [Government of Iraq] to refrain from signing contracts with multinational oil companies until a hydrocarbon law is in effect in Iraq.” The Bush administration wisely refused to do so, but the resulting media hooraw in Iraq led to the cancellation of the contracts, and helps to explain why Iraq is doing oil deals instead with China.

Go figure…

CNOOC Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp. has partnered with the state-run Turkish Petroleum Corp. (TPAO) to win a contract with Iraq to develop the lucrative Missan oil-field in southern Iraq, marking CNOOC’s first upstream access to Iraqi oil following its two major rivals, CNPC and Sinopec.

According to CNOOC, the 20-year contract includes an increase of Missan’s production capacity to 450,000 barrels per day from the current 100,000 barrels a day within six years. CNOOC has agreed to price every additional barrel of oil produced after capacity rises by 10 percent at US$ 2.30.

CNOOC will be the operator and hold 63.75 percent of the interest. TPAO will have 11.25 percent interest while an Iraqi drilling company will hold the remaining 25 percent….

The other two major Chinese oil companies, CNPC and Sinopec, have also gained a foothold in the Iraqi oil industry. In November 2008, CNPC and China North Industries Corp. set up a joint venture and signed a 20-year development contract for Al-Ahdab Oilfield….

Feb 18 0 comments
Markets, Natural gas, Oil, Petroleum

HOPE UPON A NEW FUEL

MINOT AIR FORCE BASE, N.D. – With the wind chill making it seem like 40 below zero, Lt. Col. Daniel Millman said the Air Force picked the right place to test a new fuel. Millman, flying a B-52 bomber in these freezing conditions, helped test a synthetic fuel blend that could be made domestically from coal or natural gas as the Air Force seeks to wean its dependence on foreign crude and defray soaring fuel costs.

The cold-weather tests of the fuel, which wrapped up earlier this month, showed it compared well to conventional petroleum-based military aviation fuel, JP-8, Air Force officials said.

“It behaves exactly the same as JP-8, no more no less,” Millman said.

The fuel is a Fischer-Tropsch fuel, named after the two German scientists who developed the process in 1923 of converting natural gas or coal into liquid fuel. Germany used the process to convert coal to fuel during World War II. And apartheid-era South Africa, faced with embargoes, also built coal-to-fuel plants.

At $20 a barrel, the Fischer-Tropsch fuel the Air Force is testing costs about eight times as much as the standard fuel it uses, so its widespread use in military aircraft could still be years away. But proponents of the fuel argue that if there was increased commercial demand—and airlines are interested in the outcome of the tests, according to one Air Force official&151;its price would drop drastically. Furthermore, they say, it would offer a measure of protection should there be disruptions in the flow of global crude.

“The fact that we would not be dependent on foreign sources of crude is the prime driver for this fuel,” said Col. Eldon A. Woodie, commander of the Minot Air Force Base 5th Bomb Wing. Woodie said he’s sold on the fuel after the B-52 tests of it at Minot.

“Can we start this thing in cold weather? If we lose a motor in flight, can we restart it? At 47,000 feet can we get away from attack missiles? Yes. In every instance it performed,” he said.

One added benefit of the fuel is that it burns cleaner than traditional jet fuel, Woodie said. William Harrison, chief of the fuels branch at Wright-Patterson Air Force Base in Dayton, Ohio, said the cold-weather testing at Minot “was a key milestone for the approval of using the synthetic fuel.”

A complete test report will likely be completed this summer, Harrison said. Jack Holmes, the CEO of Syntroleum Corp., which produced the natural gas-based synthetic fuel used in the Air Force trials at a test plant the company built, said it could also be made of coal.

“There are 280 billion tons of proven coal reserves in the U.S,” Holmes said. “The raw material source is there. But economics, of course, is the key. At current oil prices, the economics are good and make sense. The risk is: How sustainable are those oil prices?”

Building a commercial plant to make the synthetic fuel would carry some risk, as it would take several years and cost billions of dollars, Holmes said, adding. “We’ve got a saying in our industry: Everybody wants to be the first person to build the second plant.”

Nov 22 0 comments
Ahmadinejad, Anti-Jihad, Homeland Security, Immigration, Iran, Oil, Petroleum

Inquiries From The Peanut Gallery

Madrassah

Mad Madrassah Skills

WHY HAVE OUR LEADERS forsaken us? In this house of mirrors some dub the war against terrorism, why is it that our elected leadership doesn’t seem to know the depths our enemies prepare for us, refusing to call the enemy by his real name. Is it possible that our leadership is so thwarted by ignorance and arrogance that the true aggressive nature of the Islamic threat is as veiled from them as is the hair of a Shi’ite woman strolling the streets of Tehran today?

It just doesn’t seem possible, does it? Let’s take the administrations of George Bush and Tony Blair. They both have experts, war experts, culture experts, language experts, economic experts, and every stripe of experts on experts on campus. Why the disconnect between what’s happening on the ground in the name of Allah and what’s happening in the mouths of these leaders who continue to suck up to the disemblers of Islam?

Is this a top level case of dumb and dumber, or simply a Western ploy to win friends and influence oil shieks despite the evidence that quite the opposite is happening?

Is it true that once our proud leaders achieve dizzying heights of power they suddenly believe they are superhuman and can bring peace on earth and good will to mankind, simply by the force of their back slapping personalties?

And for good measure, simultaneously sell their own nations out for selfish financial gain? Let’s face fact. We have a string of politicians on both sides of the Atlantic a hundred years counting who sure up their own personal empires whilst destroying the empire of the people they serve.

Since they are not in touch with their own duplicity it is no surprise they are in denial about the political duplicity festering in the Middle East. Unfortunately, many mainstream Americans haven’t gazed away from their navals long enough to understand their own nation’s counter-productive “meddling” overseas either.

My point is simple. Truth condemns each and every one of us humans because we all, at some time or other, deny our own duplicity out of short-sighted selfishness. In our denial we commit stupid acts to avoid responsibility of other acts we have committed.

The West’s unfortunate legacy to the world is violence. We sell weapons to practically anyone ready to upgrade from the pebbles and bottle bombs of their stone-age economies, as we fail to understand human nature and hand over empires to despots and then sell these despots weapons to establish and then prop up their new mini-empires.

The whole planet needs reformation. The reformation does not need to start in Iraq so much as it does here in the West. We have sold our souls for short term personal wealth and a temporary peace because the truth about ourselves is inconvenient and greed is just too convenient to pass up.

We left a desire for virtue, chastity, honesty, self-sacrifice, and honest pilgimmage in the Middle Ages and now we have nothing to to defend us against those that brought forward the lie, greed, and oppression from those same times.

Maybe this crisis of conscience will wake us up to the reality of our own and our leaders’ own shortcomings. Perhaps we will rally before it is too late to do something positive and pertinent about it. The shame of ugly truth staring back at us as we curse the mirrors and praise our enemies is perhaps we will not.

[Inquiries From The Peanut Gallery]

Top