Parker Drilling Bankruptcy Kicks off “Oil Bust 2”
— Read on mailchi.mp/wolfstreet.com/parker-drilling-bankruptcy-kicks-off-oil-bust-2
Parker Drilling Bankruptcy Kicks off “Oil Bust 2”
China is also experiencing the coldest day record during December 6 below zero C. Snow is falling in Beijing to Shanghai. It has been in the 70s in Abu Dhabi and in Tampa Florida, so the cold is dipping lower and lower across the planet. Temperatures in China have been held under 4 below zero C on only seven December days since 2000. This is the coldest on record so far. The real question becomes when will people start noticing that the summers are dry and short with the winters getting colder?
— Read on www.armstrongeconomics.com/world-news/climate/coldest-december-on-record-in-china/
The global warming alarmists will have to reconfigure their carbon tax scheme.
Harvard scientists intend to block out the sun’s rays from earth as a way to defeat climate change. The geoengineering project is an attempt to cool the earth’s overall temperature.
— Read on prepforthat.com/harvard-scientists-block-suns-rays/
German irresponsibility threatens Europe – UnHerd
— Read on unherd.com/2018/12/german-irresponsibility-threatens-europe/
Another Merkel failure
Schwarzenegger Says He Would Eliminate “Evil” Fossil Fuels (After Buying $265,000 Bentley Continental)
— Read on www.infowars.com/schwarzenegger-says-he-would-eliminate-fossil-fuels-after-buying-265000-bentley-continental/
The Terminator morphs into another limousine liberal
The French are the latest to refuse to sacrifice growth for green piety.
— Read on www.wsj.com/articles/the-global-carbon-tax-revolt-1543880507
A bad idea, especially in hard times for the working class
QUESTION: Mr. Armstrong; You are a personal friend of the royal family of Qatar. Would you care to share your inside knowledge of Qatar leaving OPEC? KR ANSWER: Just for the record, I was a friend of Sheikh Saud bin Mohammed al-Thani who was a member of the Royal family of Qatar. We were probably the two biggest collectors of ancient coins in the world. He was always trying to buy me out, with a smile of course. Yes, he came to our office to see me with the royal bodyguards and the whole bit a few weeks before he died in 2014 and yes, I visited him at his home in London. Because of our friendship, he offered Qatar as the headquarters for our operation, but could not grant me a citizenship because I was Christian. We set up our office instead of in Abu Dhabi. That said, Qatar is the richest nation on Earth on a Per capita basis. Abu Nakhlah Airport (Arabic:مطار أبو نخلة) in Qatar houses both the Qatari Air Force and U.S. Air Force as well as other Coalition personnel. It is also the headquarters of United States Central Command. Its conflict between other member states when the government supported Iran created a real feud. Even their airline was banned from other airports. That is a very complex issue that would take more than a blog to explain. I have also written that the US desire to invade Syria had NOTHING to do with gassing people. It was simply about to get a gas pipeline through Syria to Europe in order to compete with Russia. The US wanted to choke off Russia from serving Europe. That is why Putin went into Syria and this is the real story behind the pretended human right nonsense. There are plenty of human rights issues in Africa we do nothing about because there is no profit or political gain. North Korea really had weapons of mass destruction yet we did not invade them as we did in Iraq because there was no profit to be had. Just follow the money. Those in power BELIEVE they can bullshit the people ALL THE TIME because the press is in their back pocket and will never report the truth. Mainstream media is no different than Pravda (truth) of Communist USSR. Now the small, gas-rich state of Qatar state said that it will leave the oil cartel on January 1st, 2019 after nearly 60 years. Why? (1) there is the political conflict with its neighbors. (2) The country’s state oil company, Qatar Petroleum, said its withdrawal decision reflects “Qatar’s desire to focus its efforts on plans to develop and increase its natural gas production.” Qatar has been under a diplomatic and economic embargo by its Arab neighbors, including OPEC members Saudi Arabia and the United Arab Emirates, for the past 18 months. In response, Qatar has actually been increasing its gas production in retaliation for gas, not oil, is its primary source of revenue – hence the gas pipeline proposal through Syria. In reality, OPEC is concerned about oil – not natural gas. It is only logical that Qatar would withdraw from OPEC based upon its output, but at the same time, there is the diplomatic and economic embargo dispute with other Gulf states. Qatar policy has been to further its position as the world’s leading supplier of gas. Its exports currently account for about 30% of global demand.
— Read on www.armstrongeconomics.com/markets-by-sector/energy/qatar-leaving-opec/
It is true.
Woolly Rhinoceros Climate Change has existed throughout the history of our planet. When a Wool;y Rino was discovered frozen in Siberia intact back in 1774, that is the event that shook the scientific community. I have called this the Clash between Catastrophe and Uniformity which has produced an emotional issue corrupting scientific research for centuries as people try to create research that supports what they want to believe rather than what actually takes place. The idea that systems just collapse in a catastrophic manner can be disquieting to say the least. For this reason, uniformitarianism soothes the senses and brings order to the future dominated by uncertainty. All the analysis put out by the Global Warming conspiracy is simply a linear progression that projects a warming trend without any diversion – whereas no such trend can ever be identified in physics. This always ignores nature and the cyclical aspect of everything around us. Yet, these two clashing schools of thought that lie at the core of just about everything from the Big Bang to Charles Darwin’s (1809-1882) Theory of Evolution, began with the discovery first in 1772 near Vilui, Siberia of an intact frozen Woolly Rhinoceros followed by the more famous discovery of a frozen Mammoth in 1787. You may be shocked, but these discoveries of frozen animals with grass still in their stomach, set in motion these two schools of thought since the evidence implied you could be eating lunch and suddenly find yourself frozen to be discovered by posterity. Siberian Unicorn There was yet a third animal known as the Siberian Unicorn which also roamed the region and is extinct today.In a recent study of Siberian Unicorn bone specimens were dated, which confirmed that the species actually survived until perhaps as late as 35,000 years ago. What killed it off was not humans, but Climate Change. True, it roams the world alongside early modern humans and Neanderthals. However, the Siberian Unicorn appears to have been wiped out as the Little Ice Age came and the decline in temperature led to an increase in the amount of frozen ground. Because it was a grass eater, its food supply ceased to exist. The Woolly Rhino was more diverse in its died so it managed to survive a bit longer and eventually became extinct 20,000 years later. It was this discovery of the Wooly Rhino which changed science. Suddenly, the idea of cycles was born. This I attribute to the school of what I call the catastrophists who would claim greater influence in the birth of the field of physics and then changed the entire course of science. This is what the Global Warming Conspiracy ignores. They have effectively rejected all the important discoveries including that of Sir Isaac Newton (1642-1727) who developed his laws of gravity and was inspired by his friend to publish the work who underwrote the project, Edmund Halley (1656-1742). This was the same Halley who discovered the cyclical nature of comets. Halley believed that the comet that carries his name was the same comet reappearing throughout history at regular intervals recorded by contemporary historians of all ages. The discovery of these frozen animals opened the minds of these men who suddenly saw the world was by no means linear. Halley saw hidden within history, the same periodic intervals of a comet. Christiaan Huygens (1629-1695) discovered that light traveled not in a uniform motion as a straight line, but in a cyclical pulsating motion of cyclical waves, albeit at a constant speed. Suddenly, there could be a steady uniformity to the speed of light, yet simultaneously, there was a violent swing of extremes within it taking place in a cyclical manner. This was the same pattern that emerged in the ice core samples – the 300-year cycle to the energy output of the sun. There may appear to be uniformity in the macro world, but cyclical violent swings at the micro level that could erupt catastrophically are what we must explore OBJECTIVELY and not put out linear progressions such as Global Warming. The one thing we can bet on is that we do not live on a planet where climate has been linear.
— Read on www.armstrongeconomics.com/world-news/climate/clash-between-catastrophe-and-uniformity-the-global-warming-conspiracy/
This is all a ruse for the implementation of the carbon tax. Bankrupt governments are searching for yet more revenue and control.
Troubled Pemex Announces a Big Boost | Wolf Street
— Read on wolfstreet.com/2018/11/30/pemex-mexico-announces-big-boost-to-dwindling-production/
What’s Behind the US-Saudi Nuclear Mega-Deal? | Wolf Street
— Read on wolfstreet.com/2018/11/28/whats-behind-the-us-saudi-nuclear-mega-deal/
Since Israel and Iran have it, this is not unexpected.