"I have a tendency to believe that it's a big hoax."
Phil In France
Phil In France
Telling the truth has become a revolutionary act, so let us salute those who disclose the necessary facts.
He also predicted the move would dampen what has been one of the big U.S. growth stories: the shale revolution. In fact, in the last two weeks, several major rig operators said they had received early cancellation notices for rig contracts. Companies apparently would rather pay to cancel rig agreements than keep drilling at these prices. His royal highness, who has been critical of Saudi Arabia's policies that have allowed prices to fall, called the theory of a plan to hurt Russian President Putin with cheap oil "baloney" and said the sharp sell-off has put the Saudis "in bed" with the Russians. The interview has been edited for clarity and length.
Press TV: The record storage time was achieved by researchers at the Australian National University (ANU).
I would also like to add that if you haven’t seen the Aaron Swartz documentary, The Internet’s Own Boy, I highly recommend you do.“Several came in with me. I turned off the light and the fridge. When I turned off the cold, I put them in. I closed the door. I told them to stay calm and I said ‘you stay quiet there, I’m going back out’.”
By Paul Craig Roberts: The hypocrisy of American police is beginning to bother even law and order conservatives. The New York Police Department is rivaling the black community in Ferguson in keeping alive the murders of their community members.
By Mike Whitney: It’s hard to know which country is going to suffer the most from falling oil prices. Up to now, of course, Russia, Iran and Venezuela have taken the biggest hit, but that will probably change as time goes on. What the Obama administration should be worried about is the second-order effects that will eventually show up in terms of higher unemployment, market volatility, and wobbly bank balance sheets. That’s where the real damage is going to crop up because that’s where red ink and bad loans can metastasize into a full-blown financial crisis. Check out this blurb from Nick Cunningham at Oilprice.com and you’ll see what I mean:“According to an assessment from the Federal Reserve Bank of Dallas, an estimated 250,000 jobs across eight U.S. states could be lost in 2015 if oil prices don’t rise. More than 50 percent of those job losses would occur in Texas, which leads the nation in oil production.