DRILL HERE. DRILL NOW!
Semper Fi, Kelly
“Anti-Drilling Crowd Should Worry About the Saudis”
Has it ever occurred to anyone that the Anti-Drilling Crowd may be pro-Saudi?
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These quotes are from Arabic language, secondary-school textbooks at
northern Virginia’s Islamic Saudi Academy.
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Ah, Northern Virginia...home of The Wahhabi Corridor.
http://www.sperryfiles.com/corridor.shtml
And home to the Islamics that helped to elect Senator James Webb.
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The Islamic Saudi Academy is operated by the Saudi Embassy and sponsored
by the Saudi government. The Saudi state, in turn, is being funded quite
lavishly today by average American motorists who purchase
$4.08-per-gallon gasoline, partially refined from Saudi crude oil.
U.S. airlines, shippers, factories, and other petroleum buyers
inadvertently underwrite such Saudi-inspired hate.
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And it will just get MUCH, MUCH, MUCH worse if we don’t
“DRILL HERE, DRILL NOW”
POST-HASTE!!!
Anti-drilling people should be wary of Saudi Arabia. THEY SHOULD ALSO WORRY ABOUT MEXICO...an excerp from todays’ piece by Willie on Mexico is especially informative...A failed nation state is the likely outcome south of the US border. Energy network attacks, growing poverty and inequality, inadequate government services, growing power of organized crime, corruption & desertion of police forces, assassination of judges and officials without consequences, and growing farmer bankruptcy are contributing to a failed system in Mexico. The current farm product price changes have resulted in tremendous additional disruption, losses, and disruption to Mexican agriculture businesses. Needs of people, upheld laws, tax structures, allegiance to authority, and sense of urgency all seem to be in breakdown mode, and have been for several months. Remarkably, the US press networks refuse to cover the stories that form long links in an ugly chain. The division between rich and poor is stark, and growing worse. Furthermore, the system is geared to aggravate that division. The failed state of Mexico will be evident from the top down, from the financial deterioration of its federal government, from the decline in their squandered energy business. Gigantic federal deficits will be the next major story coming from Mexico, along with energy strangulation by labor unions and drug lords who will continue to hold oil pipelines hostage. One must wonder if, amidst growing chaos, whether an external attack might occur of suspicious origin. Many believe autumn in 2001 saw such an event in New York City. When half the US population harbors suspicion, the doubt no longer qualifies as quackery. Mexico could ‘benefit’ from conjured disinformation to keep the nation together. The leaders and oligarchs manage to exploit the situation further for personal gain, in both nations.
UGLY DETAILS ON MEXICAN OIL INDUSTRY
The supply of crude oil to the United States is huge from Mexico, behind only Saudi Arabia (#2) and Canada (#1). As the oil supply production falters further in Mexico, a struggle will ensue as to whether the US receives less oil, or the Mexican customers receive less oil. This has been my concern for months, expressed regularly in the Hat Trick Letter. Now Mexico has finally announced a notable cutback in oil supply to the Untied States of almost 150 thousand barrels per day, another news story totally ignored by the US press networks. One would think that the obvious answer is for domestic customers to receive their own Mexican supply. If they decide to cut back on US oil exports, then the Mexican trade gap will be subjected to enormous deficits. Their Peso will drop in value badly, leading to widespread systemic price inflation EVEN WORSE THAN NOW. If however, they decide to deny domestic customers and satisfy US oil demand, then the Mexican economy will suffer shortages of gasoline and petrochemical products (like lubricants, synthetic fibers, fertilizer). Gasoline prices will skyrocket in highly visible fashion, leading to possible riots. This is a ‘lose-lose’ decision. So far, it seems cutbacks to US shipments and retention of domestic supply is the direction that Mexican authorities have chosen.
The Mexican energy picture has been deteriorating for some time, with an impact on their national finances soon to be felt. The elephant oil field Cantarell had been on an established 15% annual decline in year 2006 and year 2007, offset by expansion elsewhere in smaller volume from other Mexican projects. Now the Cantarell decline rate is 30% annually. However, according to the Mexico City business journal El Financiero, the broader national energy product output has been in major decline for a full year. Last June 2007, gasoline production fell in output by 56.4% at PEMEX refineries, versus the previous June output. Clearly, it follows the trend down in oil production, with less oil from which to derive products. The Mexican economy consumes 800 to 840 thousand barrels of gasoline per day, with any shortfall made up by imports. The shocking data point here is that their gasoline imports rose by 92.1% in June of 2007, versus the previous year, and continue to rise. The trend has continued, as Mexico is witnessing a gradual reduction of its trade surplus dominated by oil shipments.
No new gasoline refinery has been built in Mexico in over 20 years, not as bad as in the US, where no new refinery has been built in 35 years. The net financial impact is that Mexico earned $34.7 billion in FOREX reserves in 2006 from oil export, but of that, $10 billion was spent on gasoline import, or 29% of the gain. The trend continues to kill off their trade surplus, as they continue to import more gasoline and produce less crude oil. The great boon from oil discovery in the 1970 decade is coming to an end. Their oil exports in the first half of 2007 stood at 1.718 million bbl/day, 10% less than the first half of year 2006. The Mexican trade surplus from energy is vanishing. Analysts expect it to be gone by 2011. They do not enter disruption and a breakdown of order into the equation. It could be sooner. They do not seem to enter in growing gasoline import, which forces the timetable forward. The effect on their national politics will be severe, causing a failure of state, with a broad internal breakdown of order. Gold usually responds to such crises, even if in Mexico.
Then there is the North American Alliance, all surreptitiously planned by those in power. The greater plan seems intended (without debate, analysis, or vote) to share US financial might, broad technology expertise, pharmaceutical depth, augmented by military prowess WITH Canadian energy supply and mineral wealth and certain other expertise WITH Mexican cheap labor, energy supply and mineral wealth, and a bonus of new port facilities.
Faltering crude oil supply interrupts the Mexican contribution. A chaotic state down south in Mexican might conceivably disrupt the entire Alliance plan, perhaps only if it leaks over into a US problem. This could happen if millions of Mexicans jump the border into the US, or if their drug lords expand operations into California, Arizona, New Mexico, and Texas. IF MEXICO IS FORCED TO INFLATE WITH MASSIVE FEDERAL EMERGENCY FUNDS, OR FACES WIDESPREAD DEFAULTS AND BOND FAILURES, CONDITIONS MIGHT ARISE FOR BROAD MOVEMENT INTO GOLD AS REFUGE. The process is deteriorating, again without any reporting from the sleepy lapdog US press networks.
http://news.goldseek.com/GoldenJackass/1213983840.php
Is this a threat against Obama?