Check out this excellent 12 minute documentary on peak oil after which have a read of this.
Still think I'm a doomsayer? What if two of the world's most successful investors at the World Economic Forum in Davos said that we could be paying $262 for a barrel of oil
Sunday, January 29, 2006
Sunday, January 22, 2006
Flicks & Video from St. Anton Austria
Click here for pictures (includes sound)
Damo d ark'la snowboarding county champion press here
Does 4 inches constitute catching air?
Click here and see for your self
Maybe snowboaring has had it's day and 'airboarding' will be the new rage
Wednesday, January 11, 2006
Tuesday, January 10, 2006
Get ready for Petrodollar Warfare
How far will the U.S. go in preventing further OPEC momentum towards the euro as an oil transaction currency standard?
Remember in 2000 Saddam sealed his fate when he announced that Iraq was no longer going to accept dollars for oil being sold under the UN’s Oil-for-Food program, and decided to switch to the euro as Iraq’s oil export currency. In 2003 the U.S switched the transaction back to dollars (the international currency of oil sales) despite the fact the the euro was valued approx. 13% higher than the dollar, and thus significantly impacted the ability of future oil proceeds to rebuild Iraq’s infrastructure.
Come July 2006 the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism. This will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world - global oil and gas trades.
In essence, the U.S. will no longer be able to effortlessly expand its debt-financing via issuance of U.S. Treasury bills, and the dollar’s international demand/liquidity value will fall.
Could this prompt overt or covert U.S. interventions – thereby signaling the second phase of petrodollar warfare in the Middle East?!? Read on here
Remember in 2000 Saddam sealed his fate when he announced that Iraq was no longer going to accept dollars for oil being sold under the UN’s Oil-for-Food program, and decided to switch to the euro as Iraq’s oil export currency. In 2003 the U.S switched the transaction back to dollars (the international currency of oil sales) despite the fact the the euro was valued approx. 13% higher than the dollar, and thus significantly impacted the ability of future oil proceeds to rebuild Iraq’s infrastructure.
Come July 2006 the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism. This will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world - global oil and gas trades.
In essence, the U.S. will no longer be able to effortlessly expand its debt-financing via issuance of U.S. Treasury bills, and the dollar’s international demand/liquidity value will fall.
Could this prompt overt or covert U.S. interventions – thereby signaling the second phase of petrodollar warfare in the Middle East?!? Read on here
Tuesday, January 03, 2006
Using Your Gmail Account as a Virtual Drive
GMail Drive is a nifty piece of software that lets you use the voluminous space Google offers through its email service as a virtual file system.
Click here for the article
Click here for the article
Subscribe to:
Posts (Atom)