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The National Trust; Friends of the Earth:…….’fracking’ Russian agents?

By Mike Cunningham On March 15th, 2018 at 6:21 pm

When we talk about energy resources and fracking, when we look at what has been so successful in America, one often wonders why we have not achieved anything at all apart from two trial wells and a whole industry of anti-fracking campaigners?

According to the maps produced when fracking first set out, there are ten-odd areas within the UK where frack-drilling should produce SUBSTANTIAL gas and distillate flows.

The fracking industry in America has produced, in ten-odd years close to 200 Billion cubic feet of natural gas; almost two thirds of its total needs.

The Fracking companies in the UK have met up with; and still face massive planning, legal and community problems, and they have so far drilled a few test sites, but are, once again; hopeful of drilling and fracking sometime this year.

It has always puzzled me that, when North Sea Gas, which comes from sources similar in nature to fracking, came ashore, there were absolutely no protests whatsoever; in fact, the change from the dirty, noisy, polluting coal gasification plants which I remember produced all our gas in the thirties to the sixties onwards was welcomed with a concerted sigh of relief by all concerned. Was the lack of protest due to the fact that the production sites were all offshore, and so out-of-sight was also out-of-mind: or are the modern protests the result of something much more sinister?

We have all seen the housewives seated outside their tents which line the roadsides which approach the possible frack drilling sites, accompanied by the would-be ‘Swampy’ imitators; and one has to ask; who benefits, or as my Latin teacher used to bark at us ‘Cui Bono’? Are these protesters all completely genuine? Are the likes of Selina Scott, allied with the National Trust, completely sincere in their dislike of drilling and fracturing the underground rock to release the gas which is said to be there in abundance? Are the protesters such as ‘Friends of the Earth’ completely sincere in their opposition to fracking; or do they completely understand where some of their funding comes from?

We in the United Kingdom supply some 43% of our gas needs from the slowly-depleting North Sea and the Irish Sea wells. We import 13% of our gas via LNG (Liquefied Natural Gas) from Qatar, the Gulf Sheikdoms, and from the USA; and the other 44%? Half of that gas, around 22% comes from Norway. The other 22%? That would be from our friendly neighbourhood Superpower, Russia!

Russia’s economy is slowly going into reverse, what with the price of oil sliding back and forth around fifty-sixty dollars a barrel, so every drop of gas Putin can sell to the chilled-out idiots who refuse to bring their own gas to the surface, the better!

Theresa May can strut her stuff, and impress everyone with her tough talk. She can kick out as many Russkies as she can find. Never mind the half-dead former spy and his daughter, along with the first copper on the scene: all the former KGB head has to do is say the magic word, “Zakroi’tye klapani“, and the gas valves WILL close, and Centrica and the National Grid will be panicking, trying to locate the nearest LNG tanker which will keep up the supply trail to the gas-fired turbo-generators which keep the UK lights on, as well as the boilers which keep the central heating going in about 80% of UK homes. We closed our own gas storage systems in the Rough Field, after the Government wouldn’t kick in half the needed cash because ‘Oooohh; we can’t give cash away to Companies, it wouldn’t be right’; so we ain’t got any place to store the stuff, so we are totally dependent on foreign-controlled supplies for our Power Network!

The Government would not use its powers of allowing fracking drilling to proceed, as that might upset the protesters. The Greenpeace campaigner stated “It makes no sense for the government to be bending over backwards for the sake of an unproven fossil fuel industry when safe and cheap clean energy is already booming.”. 

She didn’t include the fact that Russia’s Putin could turn off the taps to some 22% of British gas requirements if the UK got ‘uppity’ over two half-dead Russians, and a hospitalised copper!

Shortly to appear in AltNewsMedia.net.

 

 

BERNANKE TO PUT DOWN HIS HELICOPTER?

By Pete Moore On June 20th, 2013 at 2:49 pm

The Chairman of the Federal Reserve has said that money-printing will wind down. The result is massive sell-offs and declining prices today in all asset classes.

This is no surprise.

Investment markets and asset prices have become the plaything of central banks. The trillions that he Fed alone has pumped out must go somewhere. There is some $3.4trillion sitting in bank reserves, going nowhere, but trillions more have gone out, since 2008, into property, stocks and commodities. The result has been gross economic distortions, little open price discovery and even more malinvestments on the back of rock-bottom interest rates.

When the money tap is turned off, or even signalled as with Bernanke’s words, markets fluctuate massively as investors run for cover.

Corrections should have been allowed to happen in 2008. Instead, governments and central banks responded with the greatest exercise in money printing ever, which not only blocked any possiblity of economies correcting themselves, it piled more malinvestments on top of those already existing. All it did was delay the reckoning, because markets always, in the end, win out over government distortions.

Today’s falls indicate that gains across asset classes in the last few years have been down mainly to the money press. When the tap is turned off properly is when we’ll get the real correction. Prices won’t just fall, the queston is by how much. It is inevitable and unavoidable.

THE PERILS OF ISOLATION OUTSIDE THE EU

By Pete Moore On June 6th, 2013 at 8:33 pm

I’m truly aghast. The Telegraph reports of a looming EU/China trade war:

China-EU trade war a risk for UK growth

The beginnings of a trade war between China and the European Union could escalate into a damaging battle that might hurt the UK, economists have warned.

Meanwhile, the BBC reports on Sino-Swiss relations:

China seals first free-trade deal with Switzerland

China has signed the framework of a free-trade agreement with Switzerland, which could become Beijing’s first such deal with a major Western economy.

Being in the EU, instead of isolated like those Swiss with their wacky low unemployment rates, we can’t do anything about trade with China, It’s an EU (in)competence. The truly mental thing, is that the “trade war” was sparked by EU anti-dumping tariffs on solar panels, to which China responded with a levy on European wine. Well hang on, the Chinese were subsidising their solar panels so they’d be cheaper for us. Protesting this is like protesting when the car salesman chips in his own money to help you buy a motor. You just wouldn’t! The result so far is that (mainly) French wine exporters have been penalised because of a measure designed to protect German manufacturers.

We are truly governed by morons.

WE’VE JUST BEEN WARNED TO HIDE OUR WALLETS

By Pete Moore On May 21st, 2013 at 9:17 pm

The Telegraph: Europe faces lost decade, says Mark Carney

Mark Carney, the incoming Bank of England Governor, has warned that Europe could face a decade of stagnation unless it takes the kind of bold measures seen in Japan.

In words that will underline his status as a monetary activist and fuel speculation that he will try to relaunch quantitative easing (QE) when he arrives in the UK, Mr Carney applauded Japan’s “bold policy experiment” to boost dramatically its own QE programme.

What he means, I think, is that to avoid a “lost decade”, Europe must copy the madness which extended the Great Depression from 1929 to 1945, and which in Japan has ensured two lost decades.

Mind how you go people. It sounds like the central banksters are about to go completely mental.

VENEZUELA IS RUNNING OUT OF TOILET PAPER

By Pete Moore On May 17th, 2013 at 9:55 am

Another triumph of government economics.

First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities – toilet paper.

Explanation: Venezuela has been printing money like mad, resulting in massive price inflation (reported at 29.4% most recently). The government panics and institutes price controls, forcing prices below market levels. Consumer demand soars as people grab what they can while supply dries up. Astonishingly, the AP (as published in The Telegraph) manages to zero in on this explanation:

“State-controlled prices – prices that are set below market-clearing price – always result in shortages. The shortage problem will only get worse, as it did over the years in the Soviet Union,” said Steve Hanke, professor of economics at Johns Hopkins University.

JAMESTOWN: THE FIRST COMMUNIST FAMINE

By Pete Moore On May 2nd, 2013 at 4:16 pm

Much comment on the news that the first colonial settlers in North America, at Jamestown, Virginia, resorted to cannibalism in 1609-10. The BBC piece misses the point, citing attacks by the “indigenous Indian population”. The problem was an economic one in the catastrophic decision by the settlers to hold everything “in common”.

Less than half of them survived that first winter and more perished in the following year. Following this, “The Starving Time”, communism was abandoned and the survivors began to flourish.

Not for the first time, the communist error was repeated, this time at Plymouth during the winter of 1620-21. Again, the winter is hard and a half of the settlers die. Many of them were parasites, relying on others to do the hard work while knowing they would be fed. Remind you of anything?

The communist system was such a failure that William Bradford, the colony’s governor, wrote that they “began to think again”. The result was that: “The Governor (with the advice of the chiefest amongst them) gave way that they should set corn every man for his own particular, and in that regard trust to themselves”.

The outcome was magnificent: This had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Governor or any other could use, and saved him a great deal of trouble, and gave far better content.”

The settlers started with a contrived system designed to give the fruits of someone’s labour to someone else. Disaster is therefore unavoidable. It was only when property rights and free markets were adopted instead that recovery began. At least they did think again. The incredible thing is that humanity keeps on returning to the putrid philosophy that almost killed them all.

More politically incorrect history can be found here and here.

NO JOKE: GOP HAS GOOD IDEA

By Pete Moore On May 1st, 2013 at 7:40 pm

Abolish economic stats.

I see a bunch of Republicans have introduced a bill which would abolish the collection of economic stats by government. The parasites and special interests have gone mental by the looks of it:

They simply wouldn’t exist. We won’t have an unemployment rate,” said Ken Prewitt, the former director of the U.S. Census who is now a professor of public affairs at Columbia University.

“I don’t know how the market reacts if there is suddenly no unemployment rate at the start of the month,” Prewitt said. “How does the market react if we don’t have a GDP?”

“Do they understand that these data that the Census Bureau collects are fundamental to everything else that’s done?” asked Maurine Haver, founder of business research firm Haver Analytics and a past president of the National Association for Business Economics. “They think the country doesn’t need to know how many people are unemployed, either?”

It’s not only a sensible idea, but a necessary act. An economically-literate government would sack all the number crunchers and all the economic advisors.

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RON PAUL LAUNCHES INSTITUTE FOR PEACE AND PROSPERITY

By Pete Moore On April 18th, 2013 at 8:24 pm

“The Neo-Conservative Era is Dead”

The Ron Paul Institute for Peace and Prosperity has been launched, and doesn’t the world need it. According to the media advisory:

The Ron Paul Institute will focus on the two issues most important to Dr. Paul, education and coming generations. It will fill the growing demand for information on foreign affairs from a non-interventionist perspective through a lively and diverse website, and will provide unique educational opportunities to university students and others […]

The ill-advised policies pushed by the neo-cons have everywhere led to chaos and destruction, and to a hatred of the United States and its people. Multi-trillion dollar wars have not made the world a safer place; they have only bankrupted our economic future. The Ron Paul Institute will provide the tools and the education to chart a new course with the understanding that only through a peaceful foreign policy can we hope for a prosperous tomorrow.

RT covered it this way:

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ABOUT THOSE GOVERNMENT SPENDING CUTS …

By Pete Moore On March 7th, 2013 at 4:07 pm

spending

(h/t Andrew Lilico)

BERNANKE WON’T ALWAYS BE RESCUED BY GREATER FOOLS

By Pete Moore On March 5th, 2013 at 6:46 pm

Great news from America!

The Dow hit all-time highs today while house prices are roaring ahead, and all it took was this much newly printed money to achieve it:

fredgraph (19)

That’s all there is to it. There are no market fundamentals in play. All that new money had to go somewhere, and this time it’s the NYSE and housing. Behind it is the greater fool theory, the belief that you’ll be able to flip what you’ve bought at a higher price. There’ll be plenty of greater fools when Ben Bernanke stops the money presses. As well as housing and stocks, fuel and food are racing ahead too. At some point there will be price inflation generally, everywhere, and the only way back from that is for Bernanke to stop printing. That’s when the bubbles pop and the greater fools are revealed. The only certainty is that when it happens some will say that “free markets have failed”.