News and Views you don't have to lose:
Oil 'will hit $100 by winter'
July 03 2005 -- Oil prices could rocket to $100 within six months, plunging the world into an unprecedented fuel crisis, controversial Texan oil analyst Matt Simmons has warned.After crude surged through $60 a barrel last week, nervous investors were pinning their hopes on a build-up in US oil-stocks to depress prices in the coming months.But Simmons believes surging demand will keep prices bubbling well above $50. 'We could be at $100 by this winter. We have the biggest risk we have ever had of demand exceeding supply. We are now just about to face up to the biggest crisis we have ever had,' he said.
Many analysts expect extra production over the next year, as high prices boost investment by energy firms. But Simmons says after many years of underinvestment, there is even a shortage of drilling rigs.'Many of these projects are aspirations; many of them won't create peak production in the first year, and many of them within five years will be in decline,' he said.Brent crude closed almost $2 a barrel higher in New York on Friday night, while futures contracts for heating oil, widely used in the US, hit a record high, which analysts said was unusual for summer.'It's fear,' said Kyle Cooper, an analyst at Citigroup. 'It's not based on what is happening now. It's based on fear of what could happen.
'Source: The Observer http://www.observer.co.uk
Worst-ever crisis looms, says analyst, Surging demand to keep prices high
Heather Stewart, economics correspondentGuardian Newspapers Limited
China Tells Congress To Back Off Businesses
SHANGHAI, July 4 -- The Chinese government on Monday sharply criticized the United States for threatening to erect barriers aimed at preventing the attempted takeover of the American oil company Unocal Corp. by one of China's three largest energy firms, CNOOC Ltd.
Four days after the House of Representatives overwhelmingly approved a resolution urging the Bush administration to block the proposed transaction as a threat to national security, China's Foreign Ministry excoriated Congress for injecting politics into what it characterized as a standard business matter.
http://www.washingtonpost.com/wp-dyn/content/article/2005/07/04/AR2005070400877.html?referrer=emailarticle
A correction.. How corporations became persons...
Comment: I publish the below explanation as to how corporations became persons in error. The true history is The Supreme Court actually decided against the Southern Pacific Railroad but the "court reporter" transcribed the finding as a victory for the railroad. The Chief Justice was sick, unable to refute the report, and died shortly afterward. It was a mistake! The mistake was not noticed until many years and many laws were based on this mistake.
Source via Dr.Mickey Gulick
Thom Hartmann in "What would Jefferson Do".
The ERROR is impling that the Supreme Court ruled in favor of the railroad.
This process came to a final head in 1886, when the Supreme Court heard the case "Santa Clara County v. Southern Pacific Railroad." Arguments over the rights of corporations as persons had been raging for decades, and Chief Justice Waite pounded home the nail: "The court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws, applies to these corporations. We are all of the opinion that it does."
Before the Santa Clara decision, the Fourteenth Amendment applied only to living, breathing people. After Santa Clara, it applied also to massively wealthy corporations, groups of people authorized to act as individuals, but beyond the kinds of legal liabilities natural persons are subject to. The Santa Clara decision, and subsequent decisions affirming it, created the formidable distinction between the citizen and the super-citizen.
Some 4th of July History: MOROCCO'S CONTRIBUTION TO AMERICAN INDEPENDENCE
"it was the Moulay Sidi Mohammed ben Abdullah, ruler of Morocco in1777, who became the first head of state in the world to acknowledge theAmerican Declaration of Independence by recognizing the United States asan independent nation. And also for your information Morocco was thefirst nation in the world to recognize the new US Constitution of 1787.The Constitution and the newly formulated government of the UnitedStates was solemnly acknowledged in the famous Treaty of Marrackech of1787. Moreover, Morocco was the first nation in the world to addressGeorge Washington as the first president of the United States electedunder the Constitution."
"As a matter of fact, Morocco has the oldest, completely unbroken,and perpetual treaty of friendship and peace with the United States of any nation in the world."
Source: Larry E. TisePrivate Practice Historian, Philadelphia and Wilbur and Orville WrightVisiting Distinguished Professor of History, East Carolina University
In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit for research and educational purposes. MY NEWSLETTER has no affiliation whatsoever with the originator of this article nor is MY NEWSLETTER endorsed or sponsored by the originator.)
http://groups.yahoo.com/group/NewsViewsnolose
July 03 2005 -- Oil prices could rocket to $100 within six months, plunging the world into an unprecedented fuel crisis, controversial Texan oil analyst Matt Simmons has warned.After crude surged through $60 a barrel last week, nervous investors were pinning their hopes on a build-up in US oil-stocks to depress prices in the coming months.But Simmons believes surging demand will keep prices bubbling well above $50. 'We could be at $100 by this winter. We have the biggest risk we have ever had of demand exceeding supply. We are now just about to face up to the biggest crisis we have ever had,' he said.
Many analysts expect extra production over the next year, as high prices boost investment by energy firms. But Simmons says after many years of underinvestment, there is even a shortage of drilling rigs.'Many of these projects are aspirations; many of them won't create peak production in the first year, and many of them within five years will be in decline,' he said.Brent crude closed almost $2 a barrel higher in New York on Friday night, while futures contracts for heating oil, widely used in the US, hit a record high, which analysts said was unusual for summer.'It's fear,' said Kyle Cooper, an analyst at Citigroup. 'It's not based on what is happening now. It's based on fear of what could happen.
'Source: The Observer http://www.observer.co.uk
Worst-ever crisis looms, says analyst, Surging demand to keep prices high
Heather Stewart, economics correspondentGuardian Newspapers Limited
China Tells Congress To Back Off Businesses
SHANGHAI, July 4 -- The Chinese government on Monday sharply criticized the United States for threatening to erect barriers aimed at preventing the attempted takeover of the American oil company Unocal Corp. by one of China's three largest energy firms, CNOOC Ltd.
Four days after the House of Representatives overwhelmingly approved a resolution urging the Bush administration to block the proposed transaction as a threat to national security, China's Foreign Ministry excoriated Congress for injecting politics into what it characterized as a standard business matter.
http://www.washingtonpost.com/wp-dyn/content/article/2005/07/04/AR2005070400877.html?referrer=emailarticle
A correction.. How corporations became persons...
Comment: I publish the below explanation as to how corporations became persons in error. The true history is The Supreme Court actually decided against the Southern Pacific Railroad but the "court reporter" transcribed the finding as a victory for the railroad. The Chief Justice was sick, unable to refute the report, and died shortly afterward. It was a mistake! The mistake was not noticed until many years and many laws were based on this mistake.
Source via Dr.Mickey Gulick
Thom Hartmann in "What would Jefferson Do".
The ERROR is impling that the Supreme Court ruled in favor of the railroad.
This process came to a final head in 1886, when the Supreme Court heard the case "Santa Clara County v. Southern Pacific Railroad." Arguments over the rights of corporations as persons had been raging for decades, and Chief Justice Waite pounded home the nail: "The court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws, applies to these corporations. We are all of the opinion that it does."
Before the Santa Clara decision, the Fourteenth Amendment applied only to living, breathing people. After Santa Clara, it applied also to massively wealthy corporations, groups of people authorized to act as individuals, but beyond the kinds of legal liabilities natural persons are subject to. The Santa Clara decision, and subsequent decisions affirming it, created the formidable distinction between the citizen and the super-citizen.
Some 4th of July History: MOROCCO'S CONTRIBUTION TO AMERICAN INDEPENDENCE
"it was the Moulay Sidi Mohammed ben Abdullah, ruler of Morocco in1777, who became the first head of state in the world to acknowledge theAmerican Declaration of Independence by recognizing the United States asan independent nation. And also for your information Morocco was thefirst nation in the world to recognize the new US Constitution of 1787.The Constitution and the newly formulated government of the UnitedStates was solemnly acknowledged in the famous Treaty of Marrackech of1787. Moreover, Morocco was the first nation in the world to addressGeorge Washington as the first president of the United States electedunder the Constitution."
"As a matter of fact, Morocco has the oldest, completely unbroken,and perpetual treaty of friendship and peace with the United States of any nation in the world."
Source: Larry E. TisePrivate Practice Historian, Philadelphia and Wilbur and Orville WrightVisiting Distinguished Professor of History, East Carolina University
In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit for research and educational purposes. MY NEWSLETTER has no affiliation whatsoever with the originator of this article nor is MY NEWSLETTER endorsed or sponsored by the originator.)
http://groups.yahoo.com/group/NewsViewsnolose
posted by T. Scott Brineman at 6:36 PM
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