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Wednesday, June 18, 2008

OIl stuff

Okay, let's get real. Gas is outta control and the God just can't hack it like this anymore. Damn, winter is going to be a b*tch. So what is the God doing to navigate through these waters?

*I have literally invested in solar power some of my mulla and looking for a return. Check out this article about the solar energy market over at originalthoughtmag.com. Be down. In addition I have been experimenting with various solar energy DIY projects from a bike solar battery charger I can put on a bike to my solar powered dehydrator so that I can get off the grid.

*In preparation for my westward migration I have checked out public transportation from bike routes, trains, buses and car pools.

*Here when I can I just walk. I mean even if I have to leave earlier to get to some places I just take the extra time and as a bonus get my exercise on.


Iran's President has something to say about the current oil joint.
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The market is full of oil and the rising price trend is “fake and imposed,” Iran’s president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.

“At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed,” President Mahmoud Ahmadinejad said in a televised speech.

“It is very clear that visible and invisible hands are controlling prices in a fake way with political and economic aims,” he said when opening a meeting of the OPEC Fund for International Development in the central Iranian city of Isfahan.

Iran, the world’s fourth-largest oil exporter, has repeatedly said the market is well-supplied with crude and blames rising prices on speculation, a weak U.S. currency and geopolitical factors.

“As you know the decrease in the dollar’s value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability,” Ahmadinejad said.

Oil steadied on Tuesday after touching a record near $140 the previous day, with traders caught between a weaker dollar and expectations that top exporter Saudi Arabia will ramp up output to its highest rate in decades.

Iran has often said it sees no need for the Organization of the Petroleum Exporting Countries (OPEC) to boost output.

“EVER-INCREASING DECREASE”

Ahmadinejad reiterated his view that oil should be sold in a basket of currencies rather than U.S. dollars, an idea which has failed to win over other OPEC members, except Venezuela.

“The ever-increasing decrease in the dollar’s value is one of the world’s major problems,” he said.

“A combination of the world’s valid currencies should become a basis for oil transactions or (OPEC) member countries should determine a new currency for oil transactions,” he said.

Iran, embroiled in a standoff with the West over its nuclear program, has for more than two years been increasing its sales of oil for currencies other than the dollar, saying the weak U.S. currency is eroding its purchasing power.

Ahmadinejad, who in the past has called the dollar a “worthless piece of paper,” suggested “some big powers” were driving it lower on purpose:

“The planners for some big powers are acting to decrease the dollar’s value,” he said. “For years they imposed inflation and their own economic problems to other nations by injecting the dollar without any support to the global economy.”

Foes since Iran’s 1979 Islamic revolution, Tehran and Washington are also at odds over Tehran’s disputed nuclear activities as well as over policy in Iraq. Iran says its atomic work is peaceful.

Source: AP
(Additional reporting by Zahra Hosseinian in Tehran; Writing by Fredrik Dahl; Editing by William Hardy)

2 comments:

Concourses to Radiant Health said...

All the peace to you CB´S. Thank you for highlighting this issue and discussing alternatives like walking. It´s so important that we reconnect with the earth with regards to realization that petroleum is not a sustainable resource to be depended on for daily use. Have you read the piece Overcoming Automobile Dependency over at http://www.ConcoursestoRadiantHealth.org? If not, check it out. I will also send you a few other articles I think you might like.

xoxo

C'BS ALife Allah said...

You know I keep it hitting over at your site. I basically started to get into alternatives even before things started going up. It's a great article by the way. I've definitely learned to remold time and space in terms of my own travels.