Saturday, June 5, 2010
Friday, June 4, 2010
Engineers say well could leak for years if not stopped
"It's huge. It's a big oil field," said Roger Anderson, an oil geophysicist at the Earth Institute of Columbia University. "If 20,000 barrels a day are escaping, it could stay there for years, then drop off. It could flow at a small rate for a very, very long time."
Sovereign Credit-Default Swaps Surge on Hungarian Debt Crisis... "a very grave situation"
Credit-default swaps on sovereign bonds surged to a record on speculation Europe’s debt crisis is worsening after Hungary said it’s in a “very grave situation” because a previous government lied about the economy.
The euro dropped below $1.21 for the first time since April 2006, stocks tumbled and the cost of insuring against corporate default rose on speculation Hungary will weaken the EU’s willingness to rescue the region’s indebted nations
Turkey says may cut ties with Israel to minimum
Turkey said on Friday it could cut ties with Israel to a minimum after a sea raid on a Turkish ship bound for Gaza plunged relations to their lowest since the two countries forged a strategic relationship in the 1990s.
U.S. 'secret war' expands globally as Special Operations forces take larger role
Special Operations forces have grown both in number and budget, and are deployed in 75 countries, compared with about 60 at the beginning of last year. In addition to units that have spent years in the Philippines and Colombia, teams are operating in Yemen and elsewhere in the Middle East, Africa and Central Asia.
Myanmar's Secret Nuclear Program Revealed
A defector from Myanmar -- an army major and deputy commander of a top-secret nuclear facility -- escaped the country with thousands of files detailing a secret nuclear and missile program.
Thursday, June 3, 2010
Netanyahu tells Blair he will 'loosen' Gaza blockade
Prime Minister Binyamin Netanyahu told former British prime minister Tony Blair Thursday that he is willing to loosen the blockade of Gaza in order to allow humanitarian aid to enter the strip. Netanyahu expressed his willingness to allow ships carrying humanitarian goods to enter Gaza port after having been checked for weapons by international inspectors. The prime minister's comments came as world pressure on Israel to end the blockade increases in the wake of the Gaza Flotilla Affair in which nine activists were killed
Israel set to become gas exporter
Consortium finds enough gas to secure energy needs for 50 - 70 years.
Rabbis: Flotilla Clash Heralds Gog and Magog Prophecy
The Rabbinical Council of Judea and Samaria issued an unusual statement Thursday in which it said that the results of the incident in which Israel intercepted a flotilla trying to break the naval blockade of Gaza "place us at the beginning of the Gog and Magog process where the world is against us, but which ends with the third and final redemption."
Wednesday, June 2, 2010
Anti-Israel sharks sniff Obama's weakness
Weakness always begets aggression, and, like clockwork, Obama's repeated signals that he is weakening America's commitment to Israel are emboldening the Jewish state's enemies. From Syria to Iran to Lebanon, from Hezbollah to Hamas and the PLO, the wolves smell blood and are trying to gauge whether they can get close enough for the kill.
And whether the United States will stop them. That they even dare hope we won't reflects the danger of Obama's demented decisions.
Tuesday, June 1, 2010
Stocks, Oil Drop, Treasuries Rise as Middle-East Tension Grows
Stocks and oil dropped, while the dollar and Treasuries rose, as a report that Lebanon fired on Israeli warplanes spurred concern tensions in the Middle East are escalating. Energy companies led declines in equities after BP Plc failed to halt the biggest oil spill in U.S. history.
Groups want FCC to police hate speech on talk radio, cable news networks
"As traditional media have become less diverse and less competitive, they have also grown less responsible and less responsive to the communities that they are supposed to serve," the organizations wrote to the FCC. "In this same atmosphere hate speech thrives, as hate has developed as a profit-model for syndicated radio and cable television program masquerading as 'news.'"
Syria conducted nuclear experiments...
Syria has told the UN atomic watchdog about past nuclear experiments, but is still refusing to cooperate over allegations that it was building a secret nuclear reactor with North Korea's help, a new report revealed Monday.
North Korea 'is exporting nuclear technology'
International efforts to avert a full-blown crisis on the Korean peninsula were given greater urgency today after a leaked UN report claimed that North Korea is defying UN sanctions and using front companies to export nuclear and missile technology to Iran, Syria and Burma.
IAEA: Iran has over 2 tons enriched uranium -2 bombs' worth
On enrichment, the report said Iran had now enriched 2,427 kilograms to just over three percent level. That means shipping out 1,200 kilograms (as proposed by the IAEA late in 2009) now would still leave Iran with more than enough material to make a nuclear weapon. That makes the deal brokered by Turkey and Brazil unattractive to the U.S and its allies.
Israel Concerned Turkey Navy with Next Flotilla
"This initiative is not going to stop," she said from the group's base in Cyprus. "We think eventually Israel will get some kind of common sense. They're going to have to stop the blockade of Gaza, and one of the ways to do this is for us to continue to send the boats."
Navy sources said that the coming ships would be intercepted the same way the flotilla was stopped on Monday morning although it had yet to be decided if the operation would be carried out by Sayetet 13, the Navy’s commando unit.
“We are tracking the ships and are under orders to stop them,” a top Navy officer said.
According to the sources, the Navy, in a future operation will use more force to prevent ships from reaching the Gaza Strip. "We boarded the ship and were attacked as if it was a war," one officer said. "That will mean that we will have to come prepared in the future as if it was a war."
Lebanon fires on Israeli warplanes: security official
Lebanon's military fired anti-aircraft artillery at Israeli warplanes that were flying over Lebanon, a senior Israeli security official said on Tuesday.
Monday, May 31, 2010
China warns debt woes threaten global recovery
Governments around the world ran up record debts during the $5 trillion effort to pull the economy out of its deepest slump since the Great Depression and now face a tough balancing act: how to reduce debt without choking off growth.
Israel recoils as USA backs UN move...
Washington's unprecedented backing for a UN resolution for a nuclear-free Middle East that singles out Israel has both angered and deeply worried the Jewish state although officials are cagey about openly criticising their biggest ally.
The resolution adopted by the United Nations on Friday calls on Israel to join the Non-Proliferation Treaty (NPT) and urges it to open its facilities to inspection.
No End in Sight... And oh, Atlantic Hurricane Season Begins Tuesday
BOOTHVILLE, La. – There is still a hole in the Earth, crude oil is still spewing from it and there is still, excruciatingly, no end in sight. After trying and trying again, one of the world's largest corporations, backed and pushed by the world's most powerful government, can't stop the runaway gusher.
As desperation grows and ecological misery spreads, the operative word on the ground now is, incredibly, August รข€” the earliest moment that a real resolution could be at hand. And even then, there's no guarantee of success. For the United States and the people of its beleaguered Gulf Coast, a dispiriting summer of oil and anger lies dead ahead.
Oh ... and the Atlantic hurricane season begins Tuesday.
Sunday, May 30, 2010
US Plans for Worst in Gulf... 'Oil coming up 'til August'
The Obama administration scrambled to respond on Sunday after the failure of the latest effort to kill the gushing oil well in the Gulf of Mexico. But administration officials acknowledged the possibility that tens of thousands of gallons of oil might continue pouring out until August, when two relief wells are scheduled to be completed.
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“This is obviously a difficult situation,” Ms. Browner said on NBC’s “Meet the Press” on Sunday, “but it’s important for people to understand that from the beginning, the government has been in charge.
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”The final plugging of the well will have to wait until August, when the two relief wells are scheduled be completed. Those wells are being drilled diagonally to intersect with the runaway well and inject it with heavy liquids and cement. Work could be slowed by storms in what is expected to be an active summer hurricane season.
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Donald Van Nieuwenhuise, director of petroleum geoscience programs at the University of Houston, said that he thought BP’s next plan had a good chance of succeeding, but that there was also a risk of increasing the flow of escaping oil by 10 percent.
“Then it just makes the situation worse for longer,” he said, unless the containment cap succeeds in collecting a substantial amount of oil.
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