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Colorado Turns To Hemp

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The benefits of the wonder plant hemp are massive and Colorado has recently passed an amendment to enable the cultivation of production of hemp within the state. Capable of growing 6 feet in two weeks, it could provide a big boost to the community. Anything that generates revenue and provides employment needs to be taken seriously. In this case a natural product which has a multitude of uses including generating oil, fibre used to fortify products, clothing and a food source. Even hemp oil has been claimed to have properties to cure cancer. The wonder plant indeed. 🙂

(NaturalNews) The recent passage of Amendment 64 in Colorado, which legalizes the cultivation and recreational use of marijuana throughout the state, is having a major impact on the state’s agricultural sector. But the biggest potential for economic growth may actually come from marijuana’s non-psychoactive cousin hemp, which is right now being planted on U.S. soil for the first time in 60 years, thanks to the initiative’s passage.

According to reports, a 60-acre plot of land in the southeastern corner of Colorado will be brimming with hemp plants. It will be the first time that hemp has been grown commercially on American soil in more than 60 years, and many more plots of land throughout the Rocky Mountain state are expected to follow suit, as the latest figures estimate that the hemp industry will outpace the marijuana industry by a factor of 10 or more.

“I believe this is really going to revitalize and strengthen farm communities,” says Ryan Loflin, the man who intends to plant America’s first hemp crop on his 60 acres of arable land, which formerly supported alfalfa.

Hemp is not marijuana, and there is no legitimate reason for its continued prohibition by the Feds

Many Americans are still unaware that there is even a difference between hemp and marijuana, both of which are prohibited by the federal government from being cultivated on U.S. soil. But unlike marijuana, hemp contains little-to-no THC (tetrahydrocannabinol), the psychoactive component of marijuana that gets people “high,” which means that hemp cannot be smoked, and thus cannot be not used as a drug.

To the contrary, hemp is an amazingly robust industrial plant, the various components of which can be used in a variety of commercial and nutritional applications. Hemp seed oil, for instance, and hemp protein are popular, omega-3 fatty acid-rich food products consumed by millions of health-conscious individuals. Hemp fiber is also sometimes used to reinforce concrete and to fortify automobile bodies and frames. And beyond this, hemp naturally cleanses soil and water, which makes it a powerful force for good in the environment.

“Hemp is food, animal feed, fiber, fuel, shelter,” says Lynda Parker, a Colorado-based hemp supporter and founding member of a pro-hemp coalition in the Rocky Mountain state, as quoted by The Denver Post. “It cleans the air, the water, the soil. Hemp could be enormous for Colorado because we’re the first state to legalize it.”

Nationwide legalization of hemp would generate incalculable economic prosperity for Americans

But as previously mentioned, hemp somehow got lumped into the same category as marijuana as far as the federal government is concerned, which means Americans have been deprived for over half a century of reaping its many practical and economic benefits. Virtually all of the hemp used today in American products has to be imported from places like Canada due to legal prohibitions that block its cultivation here at home.But all of this is changing in Colorado, where a reanimated hemp industry is quickly emerging from the dust bins of history, and reviving the economic climate of struggling rural Colorado. Similar to the current situation in many other states, many rural communities in Colorado have long suffered from a lack of healthy industry. But hemp could set the state on a whole new course toward economic prosperity that will most assuredly be the envy of the rest of the country.“This is monumental for our industry,” says Bruce Perlowin, CEO of company known as Hemp Inc. “It will unlock a clean industrial revolution that will be good for the economy, good for jobs and good for the environment.”To learn more about the many benefits of hemp, as well as America’s rich, but little-known, hemp history, be sure to visit:http://hemphistory.org/

Source: Natural News
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Machine to Turn Plastics Back To Oil

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Oh, if only politicians really did give a shit? what could be achieved.

 

More Oil Off Irish Coast

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Just like Cyprus, Ireland is strongly suspected to have huge oil and  gas reserves off the Irish coast. In fact many test wells confirmed such was the case but have been capped for a later date. A quick look at Providence Resources web pages confirm that discoveries as far back as 1981 have been capped for a later date:

The discovery well (35/8-2) was drilled by a consortium led by Phillips Petroleum (and included Atlantic Resources, the predecessor company to Providence) in 1981 and flowed c. 1,000 BOPD and c. 5 MMSCFGD from one of four logged payzones of Upper Jurassic age. Post-drill analysis by Phillips suggested that while the discovery could contain resources of up to 1.1 TSCFG and 112 MMBO, it was deemed uneconomic due to a combination of low commodity prices, high production costs and lack of gas infrastructure in Ireland at the time. Providence commissioned a series of independent reports which suggested that the field contains estimated contingent resources (2C) of 1.4 TSCFG and 160 MMBO with significant upside potential both within the field and in adjacent prospects.

Now Exxon is looking to exploit further its Dunquin field as reported in the Irish Independent.

Oil giant ExxonMobil kicks off a $160m-plus (€125m) drilling programme off the west coast of Ireland this weekend with hopes that confirmation of major fossil fuel reserves will transform the country’s economy.

The US company is planning to drill test wells over a four-month period at two prospects at the Dunquin licence area in the Porcupine Basin, 200km off shore.

Previous data has suggested that there could be over 300 million barrels of oil and 8.5 trillion cubic feet of gas between the two Dunquin prospects.

If they could be proven and then extracted, such finds would mark one of the biggest ever global discoveries of oil and gas and be a game-changer for Ireland’s economic fortunes.

Interestingly TPTB and the lamestream media like to spin it that its a long shot, as follows :

But despite the 200 or so wells drilled off Ireland’s shores in the past number of decades, only two have resulted in commercial fields – Kinsale and Corrib.

but the 1981 Spanish Point discovery does confirm that a lot of wells are being sat on until its commercially viable. It makes sense for the large oil companies to exploit the easy finds first or indeed to carve up deals to get access to other countries as spoils of war.

Also the Department of Communications, Energy and Resources estimates that a total reserve potential of over 10 billion barrels of oil equivalent (bboe) of the west coast of Ireland. The Corrib field alone is worth €9.5 billion. This does not even take into account the areas in the South, East or the disputed Rockall in the North which are long known to hold oil. SIPTU created a very interesting report as to Ireland’s potential.

Many other oil companies will be watching.

Located at a point in the Atlantic where the ocean is 1.6km deep, ExxonMobil’s drilling programme is being eagerly watched by oil companies from abroad and Ireland, including Petrel Resources, which has an exploration block just 35km away from the Dunquin prospect.

ExxonMobil controls 27.5pc of the Dunquin prospect, with Italian firm Eni holding another 27.5pc.

Spanish energy firm Repsol owns 25pc and UK-based Sosina has a 4pc interest. Irish exploration firm Providence Resources has a 16pc interest in the prospect. A major oil or gas find could catapult its shares higher.

The Dunquin prospect – where the reserves are as deep as 3.6km under the seabed – is one of the most important exploration areas for Providence, which is headed by Tony O’Reilly Jnr.

Providence is also betting that it could have a major oil find on its hands at a site called Barryroe, which is close to the Kinsale field. The company reckons that there could be 280 million barrels of recoverable oil at the Barryroe prospect.

ExxonMobil has spent $20m to bring the exploration rig from west Africa to Ireland’s waters. The rig is owned by Norwegian group Ocean Rig. ExxonMobil will spend over $1m a day on the drilling activities, which are expected to last between 90 and 120 days.

The Department of Transport has already issued a warning to shipping in the area. It says that the semi-submersible rig, called the Eirik Raude, will be supported by supply vessels operating out of the port of Cork.

A 500-metre exclusion zone will be enforced around the rig for the duration of the drilling.

“All vessels, particularly those engaged in fishing, are requested to give the Eirik Raude a wide berth and keep a sharp lookout in the relevant area,” said the department.

The port of Cork is also hoping that it could become an epicentre for Ireland’s oil-and-gas industry if offshore reserves are proven.

 

Ultimately to understand how corrupt Irish politicians have given the countries reserves away, basically for free, the following link explains all.

http://irishoilandgas.wordpress.com/2012/02/07/frontline2/

Source: Irish Independent

Secret Memos Expose Links Between Oil Companies And Iraq Invasion

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It has long been held that one of the biggest reasons for the invasion of Iraq was to carve up the oil by the oil industry. A new book titled Fuel on the Fire by Greg Muttitt exposes the link between the big oil companies and the invasion through a series of leaked memos.

Plans to exploit Iraq’s oil reserves were discussed by government ministers and the world’s largest oil companies the year before Britain took a leading role in invading Iraq, government documents show.

Graphic: Iraq’s burgeoning oil industry

The papers, revealed here for the first time, raise new questions over Britain’s involvement in the war, which had divided Tony Blair’s cabinet and was voted through only after his claims that Saddam Hussein had weapons of mass destruction.

The minutes of a series of meetings between ministers and senior oil executives are at odds with the public denials of self-interest from oil companies and Western governments at the time.

The documents were not offered as evidence in the ongoing Chilcot Inquiry into the UK’s involvement in the Iraq war. In March 2003, just before Britain went to war, Shell denounced reports that it had held talks with Downing Street about Iraqi oil as “highly inaccurate”. BP denied that it had any “strategic interest” in Iraq, while Tony Blair described “the oil conspiracy theory” as “the most absurd”.

But documents from October and November the previous year paint a very different picture.

Five months before the March 2003 invasion, Baroness Symons, then the Trade Minister, told BP that the Government believed British energy firms should be given a share of Iraq’s enormous oil and gas reserves as a reward for Tony Blair’s military commitment to US plans for regime change.

The papers show that Lady Symons agreed to lobby the Bush administration on BP’s behalf because the oil giant feared it was being “locked out” of deals that Washington was quietly striking with US, French and Russian governments and their energy firms.

Minutes of a meeting with BP, Shell and BG (formerly British Gas) on 31 October 2002 read: “Baroness Symons agreed that it would be difficult to justify British companies losing out in Iraq in that way if the UK had itself been a conspicuous supporter of the US government throughout the crisis.”

The minister then promised to “report back to the companies before Christmas” on her lobbying efforts.

The Foreign Office invited BP in on 6 November 2002 to talk about opportunities in Iraq “post regime change”. Its minutes state: “Iraq is the big oil prospect. BP is desperate to get in there and anxious that political deals should not deny them the opportunity.”

After another meeting, this one in October 2002, the Foreign Office’s Middle East director at the time, Edward Chaplin, noted: “Shell and BP could not afford not to have a stake in [Iraq] for the sake of their long-term future… We were determined to get a fair slice of the action for UK companies in a post-Saddam Iraq.”

Whereas BP was insisting in public that it had “no strategic interest” in Iraq, in private it told the Foreign Office that Iraq was “more important than anything we’ve seen for a long time”.

BP was concerned that if Washington allowed TotalFinaElf’s existing contact with Saddam Hussein to stand after the invasion it would make the French conglomerate the world’s leading oil company. BP told the Government it was willing to take “big risks” to get a share of the Iraqi reserves, the second largest in the world.

Over 1,000 documents were obtained under Freedom of Information over five years by the oil campaigner Greg Muttitt. They reveal that at least five meetings were held between civil servants, ministers and BP and Shell in late 2002.

The 20-year contracts signed in the wake of the invasion were the largest in the history of the oil industry. They covered half of Iraq’s reserves – 60 billion barrels of oil, bought up by companies such as BP and CNPC (China National Petroleum Company), whose joint consortium alone stands to make £403m ($658m) profit per year from the Rumaila field in southern Iraq.

Last week, Iraq raised its oil output to the highest level for almost decade, 2.7 million barrels a day – seen as especially important at the moment given the regional volatility and loss of Libyan output. Many opponents of the war suspected that one of Washington’s main ambitions in invading Iraq was to secure a cheap and plentiful source of oil.

Mr Muttitt, whose book Fuel on the Fire is published next week, said: “Before the war, the Government went to great lengths to insist it had no interest in Iraq’s oil. These documents provide the evidence that give the lie to those claims.

“We see that oil was in fact one of the Government’s most important strategic considerations, and it secretly colluded with oil companies to give them access to that huge prize.”

Lady Symons, 59, later took up an advisory post with a UK merchant bank that cashed in on post-war Iraq reconstruction contracts. Last month she severed links as an unpaid adviser to Libya’s National Economic Development Board after Colonel Gaddafi started firing on protesters. Last night, BP and Shell declined to comment.

http://www.fuelonthefire.com

Not about oil? what they said before the invasion

* Foreign Office memorandum, 13 November 2002, following meeting with BP: “Iraq is the big oil prospect. BP are desperate to get in there and anxious that political deals should not deny them the opportunity to compete. The long-term potential is enormous…”

* Tony Blair, 6 February 2003: “Let me just deal with the oil thing because… the oil conspiracy theory is honestly one of the most absurd when you analyse it. The fact is that, if the oil that Iraq has were our concern, I mean we could probably cut a deal with Saddam tomorrow in relation to the oil. It’s not the oil that is the issue, it is the weapons…”

Source: Independent

US Further Sanctions To Prevent Trading With Iran With Gold

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Now that Obama has gotten the election out of the way, he is free to concentrate his efforts on forcing Iran into a war. Turkey is now in the sights of the US as it has recently gotten around sanctions against Iran by purchasing oil using gold. Now the US Senate is considering more sanctions to prevent Iran from trading.

 

Currency wars are set to intensify as the US Senate is considering new sanctions against Iran that would prevent Iran getting paid for its natural resource exports in gold bullion.

The new sanctions aimed at reducing global trade with Iran in the energy, shipping and precious metals sectors may soon be considered by the U.S. Senate as part of an annual defense policy bill, senators and aides said on Tuesday, according to Reuters.

The sanctions would end “Turkey’s game of gold for natural gas,” Reuters reported a senior Senate aide as saying, referring to reports that Turkey has been paying for natural gas with gold due to sanctions rules.

The legislation “would bring economic sanctions on Iran near de facto trade embargo levels with the hope of speeding up the date by which Iran’s economy will collapse,” the aide said.

Last week Turkish Deputy Prime Minister Ali Babacan has revealed a critical detail about a widely discussed Turkey-Iran gold trade boom, disclosing that the Islamic republic was exporting gas to Turkey in exchange for payment in gold bullion. 

It is also reported that Iranians are buying Turkish gold with the Turkish Lira, which is deposited into their bank accounts in exchange for Turkey’s natural gas purchases, the deputy prime minister said at midnight Nov. 22 during a parliamentary session. 

Iran cannot transfer monetary payments to Iran in U.S. dollars due to U.S sanctions against the country’s alleged nuclear weapons program.

Iran has been forced to shun the international financial system and the petrodollar as means of payment and turn to the international gold market to ensure it gets paid for its natural resources in order to prevent absolute economic collapse.

The law of unintended consequences may apply here and should the Iranian currency and economy collapse there is likely to be a war with Israel and turbulence in the Middle East akin to, if not worse, than that seen in the 1970’s.

 

Source: ZeroHedge

Did John Bolton Admit To The US Fighting Wars For Oil

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This interview on Fox News sounds like Fmr US Ambassador to the United Nations John Bolton, admitting the US fought wars to secure oil supply. But we all knew that anyway 😉

Iran has made little secret of its desire to gain hegemony in the region of the Persian Gulf, the critical oil and natural gas producing region that we fought so many wars to try protect our economy from the adverse impact of losing that supply or having it available only at very high prices.

Gas Prices

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Enough said 😉

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