The History Of The Pennsylvania Oil Boom And Petroleum Industry

Obaid Karki An Outcast Underdog Libertarian Diogenesist Kabbalist Spinoziste Qutbist Pantheon Hexalingual Automath Former UAE Under Secretary Independent Street-Knowledge Urban Talking-head. Unaffiliated to a State, an Organized Religion Group, a Sect or a Kin and an Anti Tribal Gentile.
Every phrase is an earnest verdict. Thats my bio.
If you dont agree with me thats an honor.
It is immoral to appease to please.
My word hurts big time because it is quality of a moment of truth
US Conspiracism is a Grassroot Religion alas belief masterminded by the Establishment to Worthy the Worthless. This in-thing is sold as Partisanship to the Unemployables for free. Its the Disneyfication of the Mass to glorify a Legacy of Ghosts as Rothchild, Bilderberg, English royalty etc. Neither Mainstream Media & nor Hollywood or the Publisher’s Clan would be outsourced to such task simply because they are igned to edutain the Untalentable Aristocrat Urban Parasites.
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Come for Coffee and Cookies
There is always Dubai here
Best Wishes
Obaid Karki
תּוֹדָה רַבָּה עביד כארכי
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http://www.todaysfinancialnews.com — If you thought the T. Boone Pickens $125 oil prediction was a shock, CIBC World Markets chief economist, Jeff Rubin, is predicting $200.

To watch the latest FREE TFN Hot Stock Pick of the Week video, please follow this link:
http://www.todaysfinancialnews.com/videos/?channelID=15&showID=590

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This is a sad video that shows that collapse in Detroit.

http://afteramerica.wordpress.com/

U.S. Trade Bubble Continues to Collapse
Goods imports are down 33% over the past year, but the U.S. trade deficit, a key part of the global financial crisis, needs to narrow further!

The trade report released Apr. 9 shows that the trade bubble continues to collapse—and that’s good news.

The trade deficit shrunk to $26 billion in February, or an annual rate of $313 billion, down from $743 billion a year ago. Goods imports alone are down 33% over the past year. Leaving out oil, the imports of nonpetroleum goods are down by 26% over the past year.

This shouldn’t be a surprise to readers of my BusinessWeek blog, Economics Unbound. Global trade is following the same steep downward path as home prices and borrowing, after having followed the same upward path.

And why not? All three are manifestations of the global credit bubble. Cheap credit and the ignorance of risk helped fuel excessive trade. It made perfect sense to locate factories overseas if it cost nothing to build them, if you didn’t worry about the cost of financing the goods in shipment, and if you ignored the risks of having a 10,000 mile-long supply chain running through six countries.

What’s more, the huge trade deficit was itself an essential part of the global financial crisis. For one, it reflected massive borrowing by U.S. households to buy imported goods, with money they did not have. Second, it reflected massive lending by foreigners in the U.S., which eventually morphed into subprime mortgages and other risky ets.
Further Fall Can Help in Financial System Fix

But as long as the U.S. is running a big trade deficit, the wound is still bleeding. The non-oil merchandise trade deficit is still at $22 billion a month, or $267 billion a year. It needs to fall further.

A deeper fall in imports and the trade deficit will have several salutary effects. First, it will mean that the U.S. has to borrow less from overseas. Second, it will make it easier to fix the financial system, since banks and other financial institutions will not be funneling so much foreign money into the U.S. economy. Third, and perhaps most important, it will become easier to see just what remains of our manufacturing base. I’m reporting a new story right now about how excess globalization, fueled by the credit bubble, distorted growth statistics in the U.S. and around the world.

The downside of the fall in global trade is that it is going to be very harmful to many countries which grew too dependent on exports, including Japan and Germany. If I’m right, and the global trade boom was another manifestation of the global credit boom, a big chunk of these exports are not going to come back any time soon.

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Chapter 17a – Peak Oil: Energy is the lifeblood of any economy and a steady supply of energy is necessary to maintain the status quo, while an ever-increasing supply is needed to grow an economy. In this chapter, Dr. Chris Martenson explains that Peak Oil is not a theory, rather it is a description of how oil production increases over time, reaches a peak, then declines. Evidence points to a global production peak in the near future, which is troubling since the U.S. imports two-thirds of its oil and relies on it to much of its transportation and food production needs.

http://www.chrismartenson.com

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The windfall of record high oil prices is visible in GCC countries’ economic boom. UAE’s real estate market has been booming for years despite the increased raw material cost and shortage of contractors to meet the demand.
Source: FT.com

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http://www.youtube.com/watch?v=P1qOMCBLIB0
our preemptive strike ideologies are not new; rather, they have been embedded in politics since the shah of iran in 1953. bay of pigs was the same thing as stated in video. it happend again in el salvador. papua new guinea (indirectly thru europe), not to mention the whole iran-contra ollie north rick ross cocaine deal.
old white guy gets fox show
rick ross gets federal lockup
wtc ‘93
federal building okcity
9/11
7/7
what are all these things about thats all i wanna know
I am unaware who made this video but i cannot find it on youtube anymore
“A pretext for war” dating back to the 60’s @ the bay of pigs w/ kennedy & castro were being ambushed by CIA. they talked of faux killings w/ passenger looking drone aircraft.

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