The National Press Club in Washington will today release the names of as many as 32,000 American Scientists who reject not only Kyoto-style greenhouse gas limits, but the very premise of manmade global warming itself.
“How many scientists does it take to establish that a consensus does not exist on global warming?”
“We urge the United States government to reject the global warming agreement that was written in Kyoto, Japan in December, 1997, and any other similar proposals. The proposed limits on greenhouse gases would harm the environment, hinder the advance of science and technology, and damage the health and welfare of mankind.
There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gasses is causing or will, in the foreseeable future, cause catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth.”
We will create a cleaner, greener and stronger America by reducing our dependence on foreign oil, eliminating billions in subsidies for oil and gas companies and use the savings to provide consumer relief and develop energy alternatives, and investing in energy independent technology.
A Vice President of Russia’s largest independent oil company says that oil production in that country has peaked and in the future will begin declining:
Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.
The warning helped on Tuesday to push crude oil prices to a fresh all-time high above $112 a barrel, threatening to stoke inflation in many countries.
US crude oil West Texas Intermediate surged in London trading to $113.06 a barrel, above last week’s record of $112.21 a barrel. It later traded 125 cents higher at $113.01 a barrel.
Leonid Fedun, the 52-year-old vice-president of Lukoil, Russia’s largest independent oil company, told the Financial Times he believed last year’s Russian oil production of about 10m barrels a day was the highest he would see “in his lifetime”.
Russia is the world’s second biggest oil producer. Mr Fedun compared Russia with the North Sea and Mexico, where oil production is declining dramatically, saying that in the oil-rich region of western Siberia, the mainstay of Russian output, “the period of intense oil production [growth] is over”.
Part of Russia’s problem has been nearly 40 years of pumping those Siberian wells at full capacity according to many oil experts. This was a result of the Communists (and later the Russian Republic’s) desperate need for hard currency. That and the fact that the Soviet’s especially used very inefficient means to pump the oil out of the ground.
Now the Russian oil industry is more productive but their primary fields are becoming less viable due to decreased pressure at the wellhead which makes it harder to get the oil that is still down there. Recovery of the remaining oil will be more expensive but at more than $100 bbl it is certainly worth it.
The question about other big fields like the North Sea and Mexico is one of investment in new facilities versus the likely return. There is also opposition in some countries because of the environmental risks. Hence, declining output from those two major suppliers will be significant as the current fields gradually decline.
The Middle East is a different story. The spigot in Saudi Arabia and the Gulf States is not wide open despite jawboning from Bush and other western leaders. Analysts estimate that another 2 million bbl could be pumped if the Arabs so chose. Why should they when customers keep bidding up the price of what they’re already taking out of the ground?
If the west goes into recession, demand will fall off and prices will ease – how much is anyone’s guess. At that point, the current solidarity on price of oil producing states may fall apart and it will be every country for itself, pumping more oil to keep market share and profits up.
We are not at peak oil yet, not even close. There are huge reserves in several places around the world including Africa, the Gulf of Mexico, Alaska, and South America. The problems today with high prices have much more to do with politics as they have to do with the world running out of oil. Unrest in Nigeria, war or the threat of war in the Middle East, Venezuela playing politics with supply, and a large increase in demand have combined to set the speculators in the commodities markets off on a frenzy. Many analysts see a speculation “premium” of at least $25 bbl – probably more now with this recent spike in oil prices.
The key is to dampen the speculators enthusiasm. Unfortunately, it may take a US recession for that to happen.
Undersecretary General of UN Indicted in Oil-for-Food Case
by Jim Kouri, CPP
United Nations Undersecretary General Benon Sevan of Cyprus and Ephraim Nadler, a/k/a “Fred Nadler” of New York City were indicted on charges of bribery and conspiracy to commit wire fraud, in connection with the United Nations Oil-for-Food Program.
From mid-2000 until March 2003, the Iraqi government’s regime conditioned the right to purchase oil under the Oil-for-Food Program on a purchaser’s willingness to pay a secret surcharge to Iraq. These secret payments were illegal kickbacks, made in violation of United Nations sanctions and United States criminal law.
Nadler allegedly participated in a scheme to make unlawful payments to the former government of Iraq in connection with the purchase of oil under the Oil-for-Food Program. Sevan, who at the time was the Executive Director of the United Nations Office of Iraq Program (the Office that operated the Oil-for-Food Program), as well as being the UN’s Undersecretary General, allegedly received almost $160,000 — money generated from the sale of Iraqi oil under the Program — from Nadler on behalf of Saddam Hussein’s government in Iraq.
Nadler is alleged to have helped a co-conspirator to obtain the right to buy Iraqi oil under the Oil-for-Food Program in exchange for commissions from the oil sales, and then allegedly funneled approximately $160,000 of these oil commissions to Sevan, according to the New York District Attorney’s Office, which will be prosecuting the case along with the US Attorney’s Office in New York.
Nadler and Sevan are charged with wire fraud, based on their depriving the United Nations of its right to Sevan’s honest services; bribery concerning an organization (the United Nations) that receives more than $10,000 annually from the federal government; and conspiracy to commit these offenses.
Nadler is also charged with conspiracy to commit wire fraud by engaging in prohibited financial transactions with Iraq and violating the International Emergency Economic Powers Act. If convicted, he faces a maximum sentence of 112 years’ imprisonment. If convicted, Sevan faces a maximum sentence of 50 years imprisonment.
The DA’s office reports that the United States government has issued warrants for the arrest of Nadler and Sevan with Interpol, and will seek their arrest and extradition to the United States.
The Oil-for-Food Program was created to provide critical humanitarian aid to the Iraqi people. But prior prosecutions by the District Attorney demonstrate that the former government of Iraq thoroughly corrupted the Program — by employing undisclosed Iraqi agents in the United States to try to influence the terms under which the program was adopted, and by demanding secret kickbacks from participants in the program during its operation.
The allegations in this current indictment that the Executive Director of the very program that was created to provide humanitarian aid to the Iraqi people was involved in such a scheme demonstrates how pervasive the corruption was, and how that corruption undermined the operation of the supposedly humanitarian program, according to US officials.
FBI Assistant Director Mark Mershon stated during a press conference in New York: “This indictment — which brings the number of individuals charged or convicted in our far-reaching investigation to 14 — strikes at the heart of the corruption that pervaded the Oil-for-Food program. As Executive Director of the program and Undersecretary General of the U.N., Benon Sevan was responsible for maintaining the program’s probity and propriety. Instead, his administration of the program was marked by profiteering and profligacy.”
“The Oil for Food Program was established to provide humanitarian relief to the Iraqi people, not to line the pockets of corrupt officials. The U.S. Attorney’s Office and the Manhattan District Attorney’s Office have joined forces to uncover and prosecute any corruption or other illegal activities connected to that program. Today’s indictment of the top UN official in charge of the Oil-for-Food Program and his business partner is an important step in our continuing investigation.”
The US investigation into criminal wrongdoing in the United Nations Oil-for-Food Program is continuing, with the Department of Justice and the New York District Attorney’s office working together.
Sources: US Department of Justice, Federal Bureau of Investigation, New York District Attorney’s Office,
National Security Institute
Jim Kouri, CPP is currently fifth vice-president of the National Association of Chiefs of Police and he’s a staff writer for the New Media Alliance (thenma.org). He’s former chief at a New York City housing project in Washington Heights nicknamed “Crack City” by reporters covering the drug war in the 1980s. In addition, he served as director of public safety at a New Jersey university and director of security for several major organizations. He’s also served on the National Drug Task Force and trained police and security officers throughout the country. Kouri writes for many police and security magazines including Chief of Police, Police Times, The Narc Officer and others. He’s a news writer for TheConservativeVoice.Com and PHXnews.com. He’s also a columnist for AmericanDaily.Com, MensNewsDaily.Com, MichNews.Com, and he’s syndicated by AXcessNews.Com. He’s appeared as on-air commentator for over 100 TV and radio news and talk shows including Oprah, McLaughlin Report, CNN Headline News, MTV, Fox News, etc. His book Assume The Position is available at Amazon.Com. Kouri’s own website is located at http://jimkouri.us