Have you seen his postings today? They speak for themselves.
He posted several stories today from the world press over the past week. Take them with a grain of salt -- but read them, and decide for yourself. You've be very glad you did. Regards
"Island Occupation" issues: will there be a worldwide show of force?
Iran is facing possible US Naval blockade. According to popular Radio shows in America, there is a strong rumor that US is going to put Navy fire power around Iran and stop Iran from selling any oil through the sea routes using merchant navies.
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The Death of the Dollar
On March 15th, 2005, (the Ides of March) we may have just witnessed the beginning of the death of our financial system as General Motors stock took a nosedive from $34/share down to $30.
http://finance.yahoo.com/q/bc?s=GM&t=5d&l=on&z=m&q=l&c=It does not seem like much (GM down just over 10% in one day), but as of March 17th, the stock is down to $28.35, and the market cap is down to $16 billion. (GM is down nearly 18% for the week.) It's the type of volatility that we usually only see in silver stocks!
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Cape Wind damage
As the battle over whether to site a large wind farm off the coasts of Martha's Vineyard and Cape Cod continues to rage, a number of critical points seem to have been forgotten or ignored. Certainly, locating any large project within eyesight of wealthy coastal communities is asking for trouble since its inhabitants will have no trouble hiring high-priced lawyers and lobbyists. But there is a larger set of issues at stake.
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World's thirst for oil makes falling output worse
The Cantarell oil field, in the shallow waters of Campeche Bay, is regarded by Mexicans as their crown jewel. It is the second largest oil field in the world by production, behind Saudi Arabia's mammoth Ghawar oil field, pumping 2.2m barrels a day, the same amount as all the Kuwaiti fields together.
For that reason, Mexicans were recently dismayed when Petróleos Mexicanos, the state oil company, said that the field's production would decline this year, signalling a trend towards its depletion.
Cantarell's difficulties are not unique. Other mature oil provinces outside the Organisation of Petroleum Exporting Countries, such as the North Sea and Alaska, are now suffering huge yearly declines, constraining the world's supply of oil and helping to push up prices.
Last year's surge in oil prices was driven by the biggest yearly increase in demand since 1976. But analysts say today's high prices are the result of strong demand and a significant slowdown on oil supply growth from non-Opec countries. Barclays Capital estimates that non-Opec supply outside the former Soviet Union rose by 700,000 a year between 1990 and 2000. But since then growth had been roughly flat every year.
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http://fromthewilderness.com/free/ww3/032105_world_stories.shtml#0