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Showing posts with the label Oil

Japanese Fugu Economics

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The preparation of sashimi (raw fish) from the blowfish is a historic tradition in the nation of Japan. The trouble is that parts of the blowfish are highly poisonous causing paralysis and death by suffocation. Still it is a popular dish and as recently as 2009 seven people fell victim to the poison in Tokyo following a poorly prepared batch and ended up eating the testicles of one fish. Recently the regulations have changed and chefs will no longer have to complete the full two years training in order to serve this dish to the public. The Japanese have likewise made plans to cover the area irradiated by the Fukushima nuclear plant in tents and will start burning radioactive debris. Of course you cannot destroy radioactive debris in this way, but it will spread it around the globe having released the settled debris from the ground back into the air. The tents will have the effect also of funnelling the radioactivity straight into the air. But radiation is no...

Much ado about Energy

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A geothermal plant in Iceland  Energy security has become a big issue with first Germany signing Greece up to become its solar power farm and now British authorities say they are in talks that could see electricity generated in Iceland from the country's volcanoes and geysers powering British homes. U.K. Energy Minister Charles Hendry will visit Iceland in May to negotiate an agreement to lay hundreds of miles of cables underwater to satisfy Britain's energy needs, Sky News Online reported Friday. The cables, known as interconnectors, would carry energy harvested from Iceland's geothermal sources and could provide a third of Britain's average electricity demand, Hendry said. "We are looking to a low carbon economy. I think the best way is to get a number of different inter-connectors first," he said. To reach Iceland the copper cables would need to be around 930 miles long, the longest such cables in the world. Iceland is keen to export energy after ...

Ok Dr Forskitt, now I get what you were saying!

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Many thanks to Tom Joad for his comments, I have decided to respond by way of a full post to explain why Corporations are not necessary and perhaps are not even useful in the new world that many social entrepreneurs are trying to build from the ashes of the old which has died, but just has not accepted it yet. Designed by many, available to all At a competitive price of $25,00 or less if you can find someone else to make it from a freely available blueprint There is absolutely no need for limited liability to exist, if you aren't prepared to take the risk, don't take it. Many of our problems now are specifically caused by people who could take risks with no consequences, that includes bankers, but also includes government employees (or did until the commercial lien came into play). In fact it includes anyone who hides behind Limited (or Vicarious) Liability, either as a director (or an employee). Libertarianism simply removes all that rubbish and leaves you persona...

Iran, Oil, Gold & the US dollar - UPDATED

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World leaders meet next week to discuss  the future of the US as the world's reserve currency One of the facts of life over the last 40 years has been that the U.S. dollar is the world’s sole global reserve currency. This is despite the fundamental factors underlying the U.S. balance of payments, which has been awful over that entire time. Nevertheless, the dollar ruled the global monetary system through these four decades and appears to be doing so still. But is that coming to an end? Next week there is a meeting of the BRICS nation over the use by the U.S. of the SWIFT system to block Iran from selling its oil. The BRICS nations are buyers of that oil. Their views on Iran’s nuclear policies do not go as far as refusing to buy their oil. The SWIFT system is the system used to make international payments and covers most acceptable currencies. This use of the international monetary system as a war machine has surprised and angered these nations who are meeting next week to d...

Are we sleepwalking into showdown?

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Troops are due to pull out of Iraq and Afghanistan within two years, but will they be 'withdrawing' into Iran? Many apologies to Jersey readers but in the absence of anything very much at all happening I am going to concentrate on the main areas of Ron Paul's US presidential campaign. There is a longer term purpose to this but all will be revealed in due course. Did I mention I really like what Ron Paul has to say? He's my hero! Not only that but the US elections are having a huge effect on what is going on in the world.  The US elections on November 7th 2012 are what the world is waiting for, for the financial system is being held together for. And of course the  ongoing preparations (including running the propaganda machine) for the invasion of Iran. There is nothing like a war to unite a nation. Of course US intervention in the middle east is nothing like a war... legally anyway. You might also wonder if the two most endebted countries in the world, the US and the UK...