Posts Tagged ‘United States’

Some may view major new oil discoveries (especially ones within the North American continent) to be inconvenient for and inconsistent with certain global warming dogmas. Nonetheless this discovery is a whopper: larger than the Texas gulf basin. Since regular news channels don’t deem this discovery newsworthy, it’s up to the blogosphere to yet again fill the gap.

 

Latest U.S. Geological Survey Assessment reveals:

  • Recoverable Oil is 25 times larger than determined in an earlier 1995 assessment.
  • 3-4.5 billion barrels is now classed as technically recoverable. [in addition to a mean estimate of 1.8 billion cubic feet of  gas]
  • The formation estimate is larger than all other USGS oil assessments of the lower 48 states and is the largest “continuous” oil accumulation ever assessed by the USGS.

So if the U.S. has a massive new oil field right in its own backyard why is this not generating more press? Interestingly this is item #1 in a recently-added FAQ’s about the Bakken Formation. The USGS Response to this question? “The individual media organizations make the decision about what stories to publish.” Apparently editors think celebrity fluff is more important to viewers/readers than any news on the horizon that may significantly reduce dependence on foreign oil (and presumably fewer foreign ‘entanglements’).

I find it curious that the USGS did not give an immediate “no” when asked if the Bakken formation is larger than remaining reserves in Saudi Arabia. Here is their response: “There is no certain method to determine the exact volume in the Bakken formation or any formation. The Bakken formation is much different than the oil resources of Saudi Arabia. … requires more technical drilling and recovery methods that are much more costly.” I suspect similar criticism was given to oil sands extraction in  the 1960s when oil was $2 a barrel — funny how a 25-fold increase in the price managed to overcome technical difficulties.

Other Sources:

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“The State of Oklahoma hereby claims sovereignty under the Tenth Amendment to the Constitution of the United States over all powers not otherwise enumerated and granted to the federal government by the Constitution of the United States.” … The resolution resolves that Oklahoma will “serve as notice and demand to the federal government, as our agent, to cease and desist, effective immediately, mandates that are beyond the scope of these constitutionally delegated powers.”

My 2-Bits: If most of the states can pass (and enforce) similar resolutions, then the nazification of our southern neighbour will become a sad blemish in its past–but at least it will be history. I urge all Americans interested in protecting their liberties and restoring the Constitution to its full powers once again to demand their respective state legislatures pass and enforce the same legislation reaffirming the 10th Amendment.

National News: The U.S. Has No Remaining Grain Reserves

Friday, June 06, 2008 – 10:10 AM

AAM Concerned with CCC Inventories

WASHINGTON – Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust.

According to the May 1, 2008 CCC inventory report there are only 24.1 million bushels of wheat in inventory, so after this sale there will be only 2.7 million bushels of wheat left the entire CCC inventory, warned Matlack. “Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitarian food relief. Our concern is that the U.S. has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve. The only thing left in the entire CCC inventory will be 2.7 million bushels of wheat which is about enough wheat to make of a loaf of bread for each of the 300 million people in America.”

The CCC is a federal government-owned and operated entity that was created to stabilize, support, and protect farm income and prices. CCC is also supposed to maintain balanced and adequate supplies of agricultural commodities and aids in their orderly distribution.

“This lack of emergency preparedness is the fault of the 1996 farm bill which eliminated the government’s grain reserves as well as the Farmer Owned Reserve (FOR),” explained Matlack. “We had hoped to reinstate the FOR and a Strategic Energy Grain Reserve in the new farm bill, but the politics of food defeated our efforts. As farmers it is our calling and purpose in life to feed our families, our communities, our nation and a good part of the world, but we need better planning and coordination if we are to meet that purpose. AAM pledges to continue our work for better farm policy which includes an FOR and a Strategic Energy Grain Reserve.”

AAM’s support for the FOR program, which allows the grain to be stored on farms, is a key component to a safe grain reserve in that the supplies will be decentralized in the event of some unforeseen calamity which might befall the large grain storage terminals.

A Strategic Energy Grain Reserve is as crucial for the nation’s domestic energy needs as the Strategic Petroleum Reserve. AAM also supports full funding for the replenishment and expansion of Bill Emerson Humanitarian Trust.

The May 1, 2008 CCC Inventory report may be reviewed here: http://www.fsa.usda.gov/Internet/FSA_File/wid2a.pdf

My 2-Bits: I posted this article in its entirety since the Tristate Observer, where the original article was posted, appears to be down.

Poem by Dachau Concentration Camp Survivor Pastor Martin Niemoeller
Poem by Dachau Concentration Camp Survivor Pastor Martin Niemoeller

” ‘We are at the edge of a cliff and we’re about to fall off,’ said constitutional lawyer and former Reagan administration official Bruce Fein. “
” Since 2006, soaring food and fuel prices have combined with lost jobs and stagnant wages to boost the number of Americans needing food aid. More than 41% of those on food stamps came from working families in 2006, up from 30% a decade earlier, according to the latest Agriculture Department data. They are real estate agents and homebuilders hit by the housing slump, seniors on Social Security… At food banks, demand is up 15%-20% over last year. Pantries are serving ‘folks who get up and go to work every day,’ says Bill Bolling, founder of the Atlanta Community Food Bank. “

This article is pegged to a current class-action lawsuit against the State of California. It appears state reps have admitted to seizing the contents of safe-deposit boxes under the excuse that the contents had been abandoned. The article also cites internal state memos that admit to wanting to reduce the time frame for abandonment from its current three years to only one (it used to be 15) and a desire to avoid alerting deposit-box owners lest they try to claim it. The article also shows how pervasive this problem is throughout other states within the union.

Stories of state seizures of safe-deposit boxes remind me of a blog post about a year back from someone who apparently resigned from a bank soon after attending a training course conducted by the Department of Homeland Security. According to the post: “At this point they were told that no weapons, cash, gold, or silver will be allowed to leave the bank – only various paperwork will be given to its owners. After discussing the matter with them at length, she and the other employees were then told not to discuss the subject with anyone.”

And two years ago there were also excerpts from a DHS memo circulating stating that DHS Agents:
” shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence” any of the following items”bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature. “

The posting goes on state that over 1500 seizures had already taken place within the state of California alone. That was over two years ago, so God knows how many more people have lost their nest eggs since then. Many may not even be aware of the loss yet since safe-deposit boxes are often left alone for years.

Perhaps the folks at DHS need to be sent back to school to learn the tenets of the United States Consitution, particularly when it comes to protection against search and seizure. After all, are they all not swearing an oath to preserve and protect this brilliant document?

” The New York Times’ consumer reporter, W.P. Dunleavy, wrote on May 3 that his own groceries now cost $587 a month, up from $400 a year earlier. That’s a 40 percent increase. … Oil is up over 80 percent in the last twelve months. … Therein lies the danger. If the current inflation rate is really 6-9 percent instead of the 2-3 percent claimed by government … would identify an economy that was deteriorating and shrinking, not growing. “
My 2-Bits: Personally I think John Williams over at ShadowStats.com is the closest to reality at 10%+. BTW, blatant government lies about critical economic statistics as one of the warning signs of hyperinflation.