DN! : Investigates Oil Prices

http://www.democracynow.org/2008/6/27/as_oil_hits_another_record_high
As Oil Hits Another Record High, A Look at the New Geopolitics of Energy
Oil prices have jumped to yet another record high, nearing $142 a barrel in Asian trading today. The latest price surge comes a day after OPEC’s president said crude prices could reach $170 this summer. Meanwhile, Libya has threatened to cut oil [...]

Oil: Polictal Cartoons

Music: Quetzal

I love this band.
http://quetzaleastla.com/home.html
http://www.myspace.com/quetzal

http://articles.latimes.com/2006/sep/25/entertainment/et-quetzal25

Oil: Iraq’s Oil Now Sold To USA & UK (!)

Wow! They actually have the audacity to do this after all these years and the fucked up history that these 2 governments have with Iraq. I can’t believe the malevolence of the USA & UK.
Quetzal’s “You Must Die” is definitely ringing in my head right now.

http://www.ft.com/cms/s/0/1a0703fc-4696-11dd-876a-0000779fd2ac.html
Iraq opens oilfields to long-term contracts
BAGHDAD, June 30 [...]

Oil: Latest News

Price has gone even further up ($143) and will likely hit to $170 in this summer according to the OPEC president, Chakib Khelil.
OPEC also figures that the demand will decrease into 2030 as biofuels will overtake oil as the primary fuel causing further decrease in oil production for the future.

Oil: “The Seven Sisters”

http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn08-4
http://journeytoforever.org/biofuel_library/sevensisters/7sistersToC.html
On Oil

Bonddad: June 25 ‘08 Fed Speak Translated

Courtesy of Bonddad:
http://federalreserve.gov/newsevents/press/monetary/20080625a.htm
Wednesday, June 25, 2008

The Fed’s Statement
From the Fed’s website:
Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, and the rise in energy prices are likely [...]

The US Engine Is Rattling LOUDLY

Markets are nose-diving hard today. The USD is faltering again but not as bad as April ‘08 but oil has hit a new high at about $140 (139.94), I hear Libya is to cut oil production, while Gold just accelerated like crazy signaling higher inflation.
Remember the biggest cause of all this fiasco is the housing [...]

Ralph Nader Reminding Obama What’s Important

I think the media, owned by multi-national corporations, has been given the order a long time ago to always pounce on Nader whenever an opportunity presents itself.  Fortunately people simply need to read beyond the headlines and the commentary presented by the propagandist and hear Nader for himself.  Just read the following quotes and I’ll [...]

The Message

The Message
(E.Fletcher, S.Robinson, C.Chase, M.Glover – SugarHill Records ‘82)
Performed by Grandmaster Flash
Broken glass everywhere
People pissing on the stairs, you know they just don’t care
I can’t take the smell, I can’t take the noise
Got no money to move out, I guess I got no choice
Rats in the front room, roaches in the [...]