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Latest Satellite Sea Surface Temperature for North Atlantic - Loop Current - Gulf Stream ~ link
True Believer Album by Jeff DeVillez (
War on Iran & Syria: What They Are NOT Telling Us ~ link
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Iran will halt oil exports if sanctions tightened, oil minister says ~ link ~ And if they decide that this will include the shipment of non-Iranian oil through the Iranian waters of the Straight of Hormutz??? Stirling
He made the remarks on Tuesday at a press conference on the sidelines of an energy conference held in Dubai, the United Arab Emirates.
If the West continues “to add to the sanctions, we will stop our oil exports to the world… The dearth of Iranian oil on the market will increase the price drastically,” Qasemi stated.
He also denied reports that the country’s oil production and exports have fallen to about 2.7 million barrels per day, adding that Iran is still producing 4 million barrels per day.
“Despite the pressure by the West to prevent the sale of Iranian crude oil, the country is currently producing oil at maximum capacity,” the Iranian oil minister said.
At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran’s oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.
The sanctions came into force in early summer 2012.
On October 15, the EU foreign ministers reached an agreement on another round of sanctions against Iran.
The illegal US-engineered sanctions were imposed based on the unfounded accusation that Iran is pursuing non-civilian objectives in its nuclear energy program.
On Iranian Sanctions and Chinese Energy Needs ~ link ~ So what will China do to keep these exports coming in??? Stirling
US reliance on oil imports as a share of consumption is gradually declining; but China's, however, is rising and is now higher than the US. As JPMorgan's Michael Cembalest notes, China now has the world's largest new car market and most extensive network of superhighways - which given the lack of a viable, affordable electric car - means fossil fuel consumption is expected to continue to rise. The trends that lead to this inexorable rise have critically important implications for the West in the ongoing containment of Iran's nuclear ambitions. Unfortunately for the West, the prospects for cooperation on sanctions appear dim as the following nine points (on China's relationship with Iran) should make clear.
Syrian anti-aircraft shell hits southern Turkey ~ link ~ Yep, sounds like a good reason to start World War III and kill 4 or 5 billion people...NOT!!! Stirling
The shell pierced through a window of the building in the town of Reyhanli, situated 519 kilometers (323 miles) east of the capital Ankara, on Tuesday, The Associated Press reported.
One of the fundamental problems with our current financial system is that it is based on debt. Just take a look at the United States. The way our system works today, the vast majority of all money is "created" either when we borrow money or the government borrows money. Therefore, the creation of more money creates more debt. Under such a system, it should not be surprising that the total amount of debt in the United States is more than 30 times larger than it was just 40 years ago. We don't have to do things this way. There is a better alternative. National governments can directly issue debt-free currency into circulation. The following is a brief excerpt from the IMF report...