Same reason you will probably never see sub 75 oil for any extended period of time.
Never mind. I see you addressed that already.
Only thing I would disagree on is the easy oil part.
The oil industry is experiencing some serious technology advances that is starting to turn some of that previously hard to get to oil into much more obtainable and cheaper to acquire.
This is the big reason for the new oil boom in the Northwest.
From what I've read the depletion rates up there aren't too good ... Production decreases everyday going forward after a well is drilled ...
also as far as technology with that comes more R&D costs
anyway I'm not of the opinion we running out but the days of sticking a hole in the ground and getting good production are over ... Getting harder and harder everyday
also as far as technology with that comes more R&D costs
anyway I'm not of the opinion we running out but the days of sticking a hole in the ground and getting good production are over ... Getting harder and harder everyday
Bakken Oil Output Fell in November for First Time in 18 Months
By Dan Murtaugh
January 11, 2013 5:03 PM EST 4 Comments
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Oil output from North Dakota’s portion of the Bakken shale formation slipped in November for the first time in 20 months after producers began pulling rigs out of the state.
Production declined 2.2 percent from October to 669,000 barrels a day, according to the North Dakota Industrial Commission. It was the first month-to-month drop since April 2011. The decline closely followed a decline in rig counts in the state, from 210 on Oct. 19 to 181 on Nov. 30, according to data compiled by Smith Bits, a drilling products and services provider owned by Houston- and Paris-based Schlumberger Ltd. (SLB)
Bakken wells tend to have steep decline rates because they’re created with directional drilling and hydraulic fracturing, James Williams, president of WTRG Economics in London, Arkansas, said by telephone.
“The question is, are you drilling enough new wells to make up for the decline?” he said. “With a little decline in the rig count, and the very fast depletion rate of the wells, it’s not terribly surprising that the Bakken production leveled off.”
Increased production out of the Bakken, the Eagle Ford formation in South Texas and the Permian Basin in West Texas helped U.S. oil output exceed 7 million barrels in the week ended Jan. 4 for the first time since 1993.
Production in the Williston basin, which includes the Bakken, will rise to 1.19 million barrels a day by December 2014 from 840,000 in December 2012, the U.S. Energy Information Administration said in its Short-Term Energy Outlook Jan. 8.
To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net
By Dan Murtaugh
January 11, 2013 5:03 PM EST 4 Comments
FacebookTwitterLinkedIn Save
Oil output from North Dakota’s portion of the Bakken shale formation slipped in November for the first time in 20 months after producers began pulling rigs out of the state.
Production declined 2.2 percent from October to 669,000 barrels a day, according to the North Dakota Industrial Commission. It was the first month-to-month drop since April 2011. The decline closely followed a decline in rig counts in the state, from 210 on Oct. 19 to 181 on Nov. 30, according to data compiled by Smith Bits, a drilling products and services provider owned by Houston- and Paris-based Schlumberger Ltd. (SLB)
Bakken wells tend to have steep decline rates because they’re created with directional drilling and hydraulic fracturing, James Williams, president of WTRG Economics in London, Arkansas, said by telephone.
“The question is, are you drilling enough new wells to make up for the decline?” he said. “With a little decline in the rig count, and the very fast depletion rate of the wells, it’s not terribly surprising that the Bakken production leveled off.”
Increased production out of the Bakken, the Eagle Ford formation in South Texas and the Permian Basin in West Texas helped U.S. oil output exceed 7 million barrels in the week ended Jan. 4 for the first time since 1993.
Production in the Williston basin, which includes the Bakken, will rise to 1.19 million barrels a day by December 2014 from 840,000 in December 2012, the U.S. Energy Information Administration said in its Short-Term Energy Outlook Jan. 8.
To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net
Technological limits could stifle Bakken oil potential
Posted on 06/07/2013 by EnergyWire
(Photo by hitchhacking via Creative Commons)
©2013 E&E Publishing, LLC
Republished with permission
By Peter Behr
The vast Bakken Shale formation in North Dakota and Montana, a cornerstone of hopes for North American energy production, will need costly, advanced oil recovery strategies in order to tap its full potential over the next few decades, researchers and industry officials say.
Primary oil recovery methods centered on horizontal drilling and hydraulic fracturing will leave 90 to 95 percent of the Bakken and underlying Three Forks oil resource in the ground, said Albert Yost II, manager of exploration and production technology at the National Energy Technology Laboratory in Morgantown, W.Va.
“We’re only going to get 2 to 10 percent of the barrel out of Bakken with primary recovery,” Yost said in an interview — and results so far are at the lower end of that range.
Producing the rest of the available Bakken resources will require enhanced recovery, most likely through injection of carbon dioxide or raw shale gas underground to increase subsurface pressures and force oil through dense, “tight” rock layers to oil wells, researchers say. “Enhanced oil recovery is going to be a most critical function of the Bakken resource,” said Ron Ness, president of the North Dakota Petroleum Council.
“There is still some effort at delineating the Bakken. But we’re past the gold rush phase of finding out the heart of play,” said Steven Ilkay, a Toronto-based energy consultant. “You’re going to have to use secondary methods.”
Industry officials and researchers say it’s unclear how effective and affordable these advanced techniques will be in the Bakken, raising a major uncertainty about the formation’s ultimate contribution to U.S. energy production. But the oil content in the Bakken rocks is so vast, producing even a relatively small part of the resource will have a big impact on U.S. oil production, they add.
“You are talking about a tremendous volume of oil that hopefully could be competitively produced,” said W.F. “Rick” Bott, president and chief operating officer of Continental Resources Inc., the Bakken’s biggest leaseholder and producer. “It is a very significant prize to go after.”
Balance of economics
The U.S. Geological Survey estimates the Bakken holds 7.38 billion barrels of still-undiscovered, technically recoverable oil, a midpoint in its range of resource assessments. That is just over a year’s supply of current U.S. crude oil consumption.
Continental calculates that the Bakken and the higher levels of the Three Forks formation have 20 billion barrels of oil and 4 billion barrels more of oil-equivalent from associated natural gas. Add the bottom portion of the Three Forks, if that proves productive, and the total could rise to 32 billion to 35 billion barrels, Bott said.
Advanced recovery methods such as water flooding can increase production from conventional oil reservoirs by 50 percent. Making that work is another matter in shale rock, with its much smaller pathways for oil to travel.
“It becomes a balance of economics: how cheaply you can drill and produce it,” Bott said. “Currently, we estimate we get about 3 to 5 percent of the oil that’s actually in the rock” through horizontal drilling and fracking. If enhanced recovery adds another 4 to 5 percent, that doubles the output, he notes.
Just as economic, technical and geological questions obscure projections of ultimate U.S. shale gas production, the same factors mask Bakken’s future. High among the uncertainties is the search for effective advanced oil recovery strategies, experts say.
Laboratory tests on several advanced techniques are promising so far, but haven’t answered whether the processes will be effective or affordable, said John Harju, associate director for research at the Energy and Environmental Research Center, a part of North Dakota University. “We can do amazing things in the lab. How well they translate into the field takes more time and good field tests,” he said. He hopes tests will begin within a year.
Injecting carbon dioxide is a common enhanced recovery technique for conventional oil and gas fields, but it might not work in fractured horizontal seams in the Bakken, said Ernesto Alegria, manager of investor relations for Denbury Resources Inc. of Plano, Texas. Denbury’s business is capturing carbon and shipping it to oil fields.
The gas flows through the path of least resistance, he said, and if it escapes through drillers’ underground fractures, it won’t deliver pressures needed to move oil through rock pores, he said.
Flooding reservoirs with water to build pressure is another standard tactic for conventional wells but has not been proven in the Bakken, Harju said.
Bakken’s surge and ebb
“Much of the Bakken formation is a little peculiar,” Harju added. The rocks are considered “oil-wet”; that is, the rock micropores generally have a thin film of oil on the outside, instead of water, as is the case generally in conventional oil reservoirs. When water flooding encounters rocks that are water-wet, it sweeps the oil through toward the well, he said. But with oil-wet rocks, the injected water tends to drive the oil deeper into rock micropores, in the wrong direction.
“Right now, the two most bullish things are CO2, and hydrocarbon gases,” he said, the raw shale gas that is also an abundant resource in the Bakken.
Finding an answer engaged Harju’s center at North Dakota University, NETL and a group of companies supporting the research, including Continental, Hess, Marathon Oil and Taqa North, a subsidiary of the Abu Dhabi National Energy Co.
The Energy Information Administration estimates that Bakken oil production will climb from 253 million barrels this year to 352 million barrels in 2020, and then decline from there, falling to 193 million barrels in 2040.
EIA projects that CO2-enhanced oil recovery picks up appreciably after about 2020. That is when EIA expects production to decline in the more profitable tight oil fields, leading to a rise in oil prices that makes CO2 injection economical for producers. Production using CO2 methods will peak in 2034 to 2040 as the quality of oil reservoirs deteriorates and supplies of the gas run short, EIA said in its “Annual Energy Outlook 2013.”
Bott said that CO2 recovery could begin on a limited scale in the next two or three years in the better parts of the field. “On a fieldwide view, it is probably a little further down the road because there is so much left to do” in Bakken through current production operations, he said.
The window for successful enhanced recovery won’t always stay open, however, Yost said. “You have to start before the pressure drops too low” in the reservoir, he said.
Posted on 06/07/2013 by EnergyWire
(Photo by hitchhacking via Creative Commons)
©2013 E&E Publishing, LLC
Republished with permission
By Peter Behr
The vast Bakken Shale formation in North Dakota and Montana, a cornerstone of hopes for North American energy production, will need costly, advanced oil recovery strategies in order to tap its full potential over the next few decades, researchers and industry officials say.
Primary oil recovery methods centered on horizontal drilling and hydraulic fracturing will leave 90 to 95 percent of the Bakken and underlying Three Forks oil resource in the ground, said Albert Yost II, manager of exploration and production technology at the National Energy Technology Laboratory in Morgantown, W.Va.
“We’re only going to get 2 to 10 percent of the barrel out of Bakken with primary recovery,” Yost said in an interview — and results so far are at the lower end of that range.
Producing the rest of the available Bakken resources will require enhanced recovery, most likely through injection of carbon dioxide or raw shale gas underground to increase subsurface pressures and force oil through dense, “tight” rock layers to oil wells, researchers say. “Enhanced oil recovery is going to be a most critical function of the Bakken resource,” said Ron Ness, president of the North Dakota Petroleum Council.
“There is still some effort at delineating the Bakken. But we’re past the gold rush phase of finding out the heart of play,” said Steven Ilkay, a Toronto-based energy consultant. “You’re going to have to use secondary methods.”
Industry officials and researchers say it’s unclear how effective and affordable these advanced techniques will be in the Bakken, raising a major uncertainty about the formation’s ultimate contribution to U.S. energy production. But the oil content in the Bakken rocks is so vast, producing even a relatively small part of the resource will have a big impact on U.S. oil production, they add.
“You are talking about a tremendous volume of oil that hopefully could be competitively produced,” said W.F. “Rick” Bott, president and chief operating officer of Continental Resources Inc., the Bakken’s biggest leaseholder and producer. “It is a very significant prize to go after.”
Balance of economics
The U.S. Geological Survey estimates the Bakken holds 7.38 billion barrels of still-undiscovered, technically recoverable oil, a midpoint in its range of resource assessments. That is just over a year’s supply of current U.S. crude oil consumption.
Continental calculates that the Bakken and the higher levels of the Three Forks formation have 20 billion barrels of oil and 4 billion barrels more of oil-equivalent from associated natural gas. Add the bottom portion of the Three Forks, if that proves productive, and the total could rise to 32 billion to 35 billion barrels, Bott said.
Advanced recovery methods such as water flooding can increase production from conventional oil reservoirs by 50 percent. Making that work is another matter in shale rock, with its much smaller pathways for oil to travel.
“It becomes a balance of economics: how cheaply you can drill and produce it,” Bott said. “Currently, we estimate we get about 3 to 5 percent of the oil that’s actually in the rock” through horizontal drilling and fracking. If enhanced recovery adds another 4 to 5 percent, that doubles the output, he notes.
Just as economic, technical and geological questions obscure projections of ultimate U.S. shale gas production, the same factors mask Bakken’s future. High among the uncertainties is the search for effective advanced oil recovery strategies, experts say.
Laboratory tests on several advanced techniques are promising so far, but haven’t answered whether the processes will be effective or affordable, said John Harju, associate director for research at the Energy and Environmental Research Center, a part of North Dakota University. “We can do amazing things in the lab. How well they translate into the field takes more time and good field tests,” he said. He hopes tests will begin within a year.
Injecting carbon dioxide is a common enhanced recovery technique for conventional oil and gas fields, but it might not work in fractured horizontal seams in the Bakken, said Ernesto Alegria, manager of investor relations for Denbury Resources Inc. of Plano, Texas. Denbury’s business is capturing carbon and shipping it to oil fields.
The gas flows through the path of least resistance, he said, and if it escapes through drillers’ underground fractures, it won’t deliver pressures needed to move oil through rock pores, he said.
Flooding reservoirs with water to build pressure is another standard tactic for conventional wells but has not been proven in the Bakken, Harju said.
Bakken’s surge and ebb
“Much of the Bakken formation is a little peculiar,” Harju added. The rocks are considered “oil-wet”; that is, the rock micropores generally have a thin film of oil on the outside, instead of water, as is the case generally in conventional oil reservoirs. When water flooding encounters rocks that are water-wet, it sweeps the oil through toward the well, he said. But with oil-wet rocks, the injected water tends to drive the oil deeper into rock micropores, in the wrong direction.
“Right now, the two most bullish things are CO2, and hydrocarbon gases,” he said, the raw shale gas that is also an abundant resource in the Bakken.
Finding an answer engaged Harju’s center at North Dakota University, NETL and a group of companies supporting the research, including Continental, Hess, Marathon Oil and Taqa North, a subsidiary of the Abu Dhabi National Energy Co.
The Energy Information Administration estimates that Bakken oil production will climb from 253 million barrels this year to 352 million barrels in 2020, and then decline from there, falling to 193 million barrels in 2040.
EIA projects that CO2-enhanced oil recovery picks up appreciably after about 2020. That is when EIA expects production to decline in the more profitable tight oil fields, leading to a rise in oil prices that makes CO2 injection economical for producers. Production using CO2 methods will peak in 2034 to 2040 as the quality of oil reservoirs deteriorates and supplies of the gas run short, EIA said in its “Annual Energy Outlook 2013.”
Bott said that CO2 recovery could begin on a limited scale in the next two or three years in the better parts of the field. “On a fieldwide view, it is probably a little further down the road because there is so much left to do” in Bakken through current production operations, he said.
The window for successful enhanced recovery won’t always stay open, however, Yost said. “You have to start before the pressure drops too low” in the reservoir, he said.
In the end only way oil coming down is if there is an energy revolution in some other field ... Cold fusion LENR being hyped alot these days but cold fusion in general been tossed around for a long time now ... wind solar etc non competitive unless oil prices are high so that will never do the trick
Also the other issue is our political corporate fascist culture if there is some good alternative big oil will do everything in its power to squash it... Much like our monetary system etc status quo good for those who own the most and they will do everything they can to keep it going
Big fan of dreamers like musk but the reality of political/social environment is what tends to get in the way ... Rooting for him to make big strides as far as individual transportation (battery costs/recharging costs etc the huge hurdle... I just can't see electric competing on a LARGE scale unless oil continues higher) and private space related stuff
-------------
Elon Musk's 'Hyperloop' Idea Is Insane, and That's Just Fine
BY DASHIELL BENNETT | MAY 31, 2013
Tesla Motor's Wonderer-in-Chief Elon Musk went on CNBC today to talk about how great his car company is doing, but what everyone really wanted to hear about was his mad genius idea to reinvent long-distance travel. All this week, Musk has talking up a radical transportation idea called the "Hyperloop," which he describes as a "cross between a Concorde, a railgun and an air hockey table." It's basically an underground bullet train that, freed from pesky terrestrial concerns like weather, farm animals, and friction, would zoom people across the country in hours instead of days. Like the Segway of trains.
The best part about the Hyperloop is that, theoretically, the technology needed to build it already exists. (Superconducting electromagnets, basically.) All it would take to make it happen is, well, the will — and several boatloads of money. Musk, whose "other company" shoots things into space for money, probably believes he has both.
Sadly, the Hyperloop will never, ever happen. It's a brillant, pie-in-the-sky idea that the realities of politics and construction permits would render all but impossible. Even if the technology is perfect, we can barely build a train from Orlando-to-Tampa (using already obsolete technology), so there's no way California is going let anyone dig a five-hundred-mile-long tunnel under the San Andreas Fault. It's taken New York City a generation to break ground on its latest subway line, and will probably take another to finish it. This nation is terrible at new infrastructure and all the billionaire dreams in the world won't change that. (See also: the Keystone XL pipeline, fracking, this collapsed bridge, etc.)
Not that it really matters. Like the namesake of his electric car, Musk is the stereotypical mad dreamer. He imagines all manner of wild and fantastic inventions, most of which will never come to pass. But the few that do just might change the world.
Musk still isn't a household name, but he has been everywhere lately, because that's how Musk plans it. He used his Twitter account to scheduled a series of "big" announcements about Telsa. Most of them will mean nothing to you, unless you are in the market for a $40,000-plus car that can only travel on very specific highways. But they keep Telsa and Musk in the news and make both objects of endless fascination. That makes investors happy and customers giddy.
That also gets you glowing profiles in business magazines and saucy tabloid rumors linking you to movie stars. (For the record, Musk denied today that he's dating Cameron Diaz. He didn't deny that he was "the inspiration for Iron Man genius billionaire Tony Stark," but that's probably because the non-movie version of Stark was invented eight years before Musk was born.) For those tired of the incessant hype that seems to follow Silicon Valley's richest kids around, it might all seem like a bit much.
Then again, in this case it's not wholly unearned. (Unlike more than few "It" kids.) Musk made his first millions by creating an early version of online publishing software, but then became a true mogul by building ******, one of the few survivors of the original dotcom boom (and selling it to eBay for a billion dollars.) Then he used that money to build Space X, the first private company to launch its own cargo ships to the International Space Station. And while he was doing that, he was creating Tesla Motors on the side, apparently solving another problem: a true electric car that's actually a great car. He's not a one-hit wonder or a guy who just got lucky with the right cellphone app at the right time. He's built real things that others haven't (or couldn't) and his dreams are about more than just striking it rich.
Unlike Steve Jobs or Mark Zuckerberg, Musk's "vision" seems to be a bit wilder than just selling a product. (Though he's pretty good at doing that, too.) He has publicly dreamt about colonizing Mars and solar powering everything, and basically saving the planet from human foolishness. The Hyperloop — which is not really his idea in the first place — is just another thread of his larger vision: Using technology to make life nicer and healthier and more amazing. It doesn't really matter if the Hyperloop never gets built. It just enough to know there's someone in the world who might make people believe, even if it's only for a moment, that it actually could be.
Inset photo: Steve Jurvetson via Flickr
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-------------
Elon Musk's 'Hyperloop' Idea Is Insane, and That's Just Fine
BY DASHIELL BENNETT | MAY 31, 2013
Tesla Motor's Wonderer-in-Chief Elon Musk went on CNBC today to talk about how great his car company is doing, but what everyone really wanted to hear about was his mad genius idea to reinvent long-distance travel. All this week, Musk has talking up a radical transportation idea called the "Hyperloop," which he describes as a "cross between a Concorde, a railgun and an air hockey table." It's basically an underground bullet train that, freed from pesky terrestrial concerns like weather, farm animals, and friction, would zoom people across the country in hours instead of days. Like the Segway of trains.
The best part about the Hyperloop is that, theoretically, the technology needed to build it already exists. (Superconducting electromagnets, basically.) All it would take to make it happen is, well, the will — and several boatloads of money. Musk, whose "other company" shoots things into space for money, probably believes he has both.
Sadly, the Hyperloop will never, ever happen. It's a brillant, pie-in-the-sky idea that the realities of politics and construction permits would render all but impossible. Even if the technology is perfect, we can barely build a train from Orlando-to-Tampa (using already obsolete technology), so there's no way California is going let anyone dig a five-hundred-mile-long tunnel under the San Andreas Fault. It's taken New York City a generation to break ground on its latest subway line, and will probably take another to finish it. This nation is terrible at new infrastructure and all the billionaire dreams in the world won't change that. (See also: the Keystone XL pipeline, fracking, this collapsed bridge, etc.)
Not that it really matters. Like the namesake of his electric car, Musk is the stereotypical mad dreamer. He imagines all manner of wild and fantastic inventions, most of which will never come to pass. But the few that do just might change the world.
Musk still isn't a household name, but he has been everywhere lately, because that's how Musk plans it. He used his Twitter account to scheduled a series of "big" announcements about Telsa. Most of them will mean nothing to you, unless you are in the market for a $40,000-plus car that can only travel on very specific highways. But they keep Telsa and Musk in the news and make both objects of endless fascination. That makes investors happy and customers giddy.
That also gets you glowing profiles in business magazines and saucy tabloid rumors linking you to movie stars. (For the record, Musk denied today that he's dating Cameron Diaz. He didn't deny that he was "the inspiration for Iron Man genius billionaire Tony Stark," but that's probably because the non-movie version of Stark was invented eight years before Musk was born.) For those tired of the incessant hype that seems to follow Silicon Valley's richest kids around, it might all seem like a bit much.
Then again, in this case it's not wholly unearned. (Unlike more than few "It" kids.) Musk made his first millions by creating an early version of online publishing software, but then became a true mogul by building ******, one of the few survivors of the original dotcom boom (and selling it to eBay for a billion dollars.) Then he used that money to build Space X, the first private company to launch its own cargo ships to the International Space Station. And while he was doing that, he was creating Tesla Motors on the side, apparently solving another problem: a true electric car that's actually a great car. He's not a one-hit wonder or a guy who just got lucky with the right cellphone app at the right time. He's built real things that others haven't (or couldn't) and his dreams are about more than just striking it rich.
Unlike Steve Jobs or Mark Zuckerberg, Musk's "vision" seems to be a bit wilder than just selling a product. (Though he's pretty good at doing that, too.) He has publicly dreamt about colonizing Mars and solar powering everything, and basically saving the planet from human foolishness. The Hyperloop — which is not really his idea in the first place — is just another thread of his larger vision: Using technology to make life nicer and healthier and more amazing. It doesn't really matter if the Hyperloop never gets built. It just enough to know there's someone in the world who might make people believe, even if it's only for a moment, that it actually could be.
Inset photo: Steve Jurvetson via Flickr
Share on facebook
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Around The Web (sponsored)
Tough news for struggling Jim Carrey
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10 Signs of ADHD in Toddlers
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Child Stars: Where Are They Now?
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The Allegiant
by Taboola
More at The Atlantic Wire
Don't Trust Tesla's New $405 a Month Financing Stunt
Believe It or Not, the Electric Car Business Is Actually Profitable
Tesla Is First Green Tech Company to Pay Back Its Department of Energy Loan
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10 Entitlement Truths That Will Blow Your Mind (Free Enterprise)
Ten Creepiest Myths That Turned Out To Be Real (BoreBurn)
10 Worst Breakfasts to Feed Your Children (ActiveBeat)
How to Unlock a Car Door When the Keys Are Locked In (eHow)
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When I saw this mess coming back in mid 2000s my hopes were that positive change would emerge from the rubble ... Unfortunately the opposite happened and the elites and status quo whores have an even greater stranglehold on society then they did before ... Guess I greatly underestimated the elites ... And overestimated the general populace as a whole to see through the lies and deception .... Obama has been one hell of a front to date when he's basically a Dubya clone if u dig beneath the rhetoric nonsense
in other news us fascists found to be tapping EU offices ... Reported by der speigel... Quite hilarious ...
in other news us fascists found to be tapping EU offices ... Reported by der speigel... Quite hilarious ...
"The EU is now expecting to hear from the U.S. authorities," she said. "And let me state clearly, that clarity and transparency is what we expect from our partners and allies, and this is what we expect from the United States."
good luck with that one euros ... Essentially the rules don't apply to us but everybody else must follow what we say... Get it? Good
Der Spiegel noted that the intensity of surveillance puts the U.S. ally on par with China, Iraq and Saudi Arabia.
good luck with that one euros ... Essentially the rules don't apply to us but everybody else must follow what we say... Get it? Good
Der Spiegel noted that the intensity of surveillance puts the U.S. ally on par with China, Iraq and Saudi Arabia.
Via Wikileaks:
Statement from Edward Snowden in Moscow
One week ago I left Hong Kong after it became clear that my freedom and safety were under threat for revealing the truth. My continued liberty has been owed to the efforts of friends new and old, family, and others who I have never met and probably never will. I trusted them with my life and they returned that trust with a faith in me for which I will always be thankful.
On Thursday, President Obama declared before the world that he would not permit any diplomatic "wheeling and dealing" over my case. Yet now it is being reported that after promising not to do so, the President ordered his Vice President to pressure the leaders of nations from which I have requested protection to deny my asylum petitions.
This kind of deception from a world leader is not justice, and neither is the extralegal penalty of exile. These are the old, bad tools of political aggression. Their purpose is to frighten, not me, but those who would come after me.
For decades the United States of America have been one of the strongest defenders of the human right to seek asylum. Sadly, this right, laid out and voted for by the U.S. in Article 14 of the Universal Declaration of Human Rights, is now being rejected by the current government of my country. The Obama administration has now adopted the strategy of using citizenship as a weapon. Although I am convicted of nothing, it has unilaterally revoked my passport, leaving me a stateless person. Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum.
In the end the Obama administration is not afraid of whistleblowers like me, Bradley Manning or Thomas Drake. We are stateless, imprisoned, or powerless. No, the Obama administration is afraid of you. It is afraid of an informed, angry public demanding the constitutional government it was promised — and it should be.
I am unbowed in my convictions and impressed at the efforts taken by so many.
Edward Joseph Snowden
Monday 1st July 2013
Statement from Edward Snowden in Moscow
One week ago I left Hong Kong after it became clear that my freedom and safety were under threat for revealing the truth. My continued liberty has been owed to the efforts of friends new and old, family, and others who I have never met and probably never will. I trusted them with my life and they returned that trust with a faith in me for which I will always be thankful.
On Thursday, President Obama declared before the world that he would not permit any diplomatic "wheeling and dealing" over my case. Yet now it is being reported that after promising not to do so, the President ordered his Vice President to pressure the leaders of nations from which I have requested protection to deny my asylum petitions.
This kind of deception from a world leader is not justice, and neither is the extralegal penalty of exile. These are the old, bad tools of political aggression. Their purpose is to frighten, not me, but those who would come after me.
For decades the United States of America have been one of the strongest defenders of the human right to seek asylum. Sadly, this right, laid out and voted for by the U.S. in Article 14 of the Universal Declaration of Human Rights, is now being rejected by the current government of my country. The Obama administration has now adopted the strategy of using citizenship as a weapon. Although I am convicted of nothing, it has unilaterally revoked my passport, leaving me a stateless person. Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum.
In the end the Obama administration is not afraid of whistleblowers like me, Bradley Manning or Thomas Drake. We are stateless, imprisoned, or powerless. No, the Obama administration is afraid of you. It is afraid of an informed, angry public demanding the constitutional government it was promised — and it should be.
I am unbowed in my convictions and impressed at the efforts taken by so many.
Edward Joseph Snowden
Monday 1st July 2013
Gold perking up ... up 85 bucks since the 1180 low put in hong kong last friday (no weakness in asian trading tonight maybe the liquidation for cash is over) ... dead cat bounce before lower ... Or this the best buying opp in a long time .. That tiz the ?
Miners perking up too ... Btg bounced 20% today ... Valuations just silly ... Most bullish I've been on miners in a LONG time ... Although I'm personally rooting for a bit more carnage before a runup to stock up more ...
Miners perking up too ... Btg bounced 20% today ... Valuations just silly ... Most bullish I've been on miners in a LONG time ... Although I'm personally rooting for a bit more carnage before a runup to stock up more ...
Lol
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VIENNA (AP) — The plane carrying Bolivian President Evo Morales was rerouted to Austria after various European countries refused to let it cross their airspace because of suspicions that NSA leaker Edward Snowden was on board, Bolivian officials said Tuesday.
Officials in both Austria and Bolivia said that Snowden was not on the plane, which was taking Morales home from a summit in Russia, where he had suggested that his government would be willing to consider granting asylum to the American.
A furious Bolivian Foreign Minister David Choquehuanca said France and Portugal would have to explain why they canceled authorization for the plane, claiming that the decision had put the president's life at risk.
"We don't know who invented this lie" that Snowden was traveling with Morales, Choquehuanca said in La Paz. "We want to denounce to the international community this injustice with the plane of President Evo Morales."
In a midnight press conference, Bolivian Vice President Alvaro Garcia said that not only France and Portugal, but also Italy and Spain were denying the plane permission to fly through their airspace.
He described Morales as being "kidnapped by imperialism" in Europe.
"The ambassador for Spain in Austria has just informed us that there is no authorization to fly over Spanish territory and that at 9 a.m. Wednesday they would be in contact with us again," said Defense Minister Ruben Saavedra, adding that the Spanish government had put as a condition for passage the "revision of the presidential plane."
Earlier, Choquehuanca said that Spain's government allowed Morales' plane to refuel in its territory before flying on to Vienna.
French government officials reached overnight said they could not confirm whether Morales' plane was denied permission to fly over France. Officials at Portugal's Foreign Ministry and National Civil Aviation Authority could not be reached to comment.
Austrian Foreign Ministry spokesman Alexander Schallenberg told The Associated Press that Snowden was not with Morales.
Leaks by Snowden, a former NSA systems analyst, have revealed the NSA's sweeping data collection of U.S. phone records and some Internet traffic, though U.S. intelligence officials have said the programs are aimed at targeting foreigners and terrorist suspects mostly overseas.
He is believed to be in a Moscow airport transit area, seeking asylum from one of more than a dozen countries.
While Bolivia's foreign minister had earlier said officials did not know who was behind the "lie" that Snowden was on Morales' plane, the country's defense minister later expressed no doubt.
"We want to declare very firmly that it was an American story that Edward Snowden was on this flight," said Saavedra at the VIP terminal of Vienna's airport. "This is a plot by the U.S. government to destroy president Morales' image. We say this simply is a lie. And we will confirm this."
Morales himself was present during the improvised press conference but chose not to speak to reporters. Morales will remain at the airport until his plane has been cleared for takeoff.
In Washington, the State Department would not comment directly when asked to speak to the matter and referred the AP to statements on Snowden made at the department's daily briefing. Earlier Tuesday, department spokesman Patrick Ventrell would not discuss how the Obama administration might respond if Snowden left the Moscow airport. "We're not there yet," he said.
Snowden has applied for asylum in Venezuela, Bolivia and 18 other countries, according to WikiLeaks, a secret spilling website that has been advising him. Many European countries on the list — including Austria, Finland, Ireland, the Netherlands, Norway, Spain and Switzerland — said he would have to make his request on their soil.
One of Snowden's best chances of finding refuge outside the United States may hinge on Venezuelan President Nicolas Maduro, who was also in Russia on Tuesday.
Maduro told Russian reporters that his country has not received an application for asylum from Snowden and dodged the question of whether he would take him with him when he left.
But Maduro also defended the former National Security Agency systems analyst.
"Who must protect Snowden? This is the question. This young man of 29 was brave enough to say that we need to protect the world from the American imperial elite, so who should protect him?" Maduro said in response to a question from journalists covering a ceremony to rename a Moscow street after Chavez. "All of mankind, people all over the world must protect him."
Maduro was scheduled to spend Wednesday in neighboring Belarus before returning to Venezuela.
In Venezuela, Foreign Minister Elias Jaua said that changing the flight's route without checking on how much fuel it had endangered Morales' life.
"All the countries that have denied permission for the flight of our brother president, Evo Morales, must be held responsible for his life and his dignity as president."
Another possible landing spot for Snowden is Ecuador, where Wikileaks founder and publisher Julian Assange has been seeking asylum.
"We are willing to analyze Mr. Snowden's request for asylum and this position has not changed," said Ecuadorean Foreign Minister Ricardo Patino on Tuesday. "What we have said is that we will be able to analyze the request when Mr. Snowden is in Ecuadorean territory or in an Ecuadorean mission."
Patino added that two weeks ago a hidden microphone was found in Ecuador's embassy in London, where Assange is holed up. "We want to find out with precision what the origin of the apparatus is."
Snowden, who recently turned 30, withdrew a bid for asylum in Russia when he learned the terms Moscow had set out, according to Putin's spokesman Dmitry Peskov. Putin said on Monday that Russia was ready to shelter Snowden as long as he stopped leaking U.S. secrets.
At the same time, Putin said he had no plans to turn over Snowden to the United States.
Rebuffed by Russia's president, the Obama administration has recently toned down demands Snowden be expelled from the Moscow airport in a sign that the U.S. believes he is not worth scuttling diplomatic relations between the former Cold War enemies.
On Monday, WikiLeaks posted a statement attributed to Snowden on its website, in which he slams Obama for "using citizenship as a weapon."
"Although I am convicted of nothing, (the United States) has unilaterally revoked my passport, leaving me a stateless person," Snowden says in the statement. "Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum.
"Their purpose is to frighten, not me, but those who would come after me."
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also looks like Egypt on the verge of civil war .... WTIC takes out 100 ...
--------
VIENNA (AP) — The plane carrying Bolivian President Evo Morales was rerouted to Austria after various European countries refused to let it cross their airspace because of suspicions that NSA leaker Edward Snowden was on board, Bolivian officials said Tuesday.
Officials in both Austria and Bolivia said that Snowden was not on the plane, which was taking Morales home from a summit in Russia, where he had suggested that his government would be willing to consider granting asylum to the American.
A furious Bolivian Foreign Minister David Choquehuanca said France and Portugal would have to explain why they canceled authorization for the plane, claiming that the decision had put the president's life at risk.
"We don't know who invented this lie" that Snowden was traveling with Morales, Choquehuanca said in La Paz. "We want to denounce to the international community this injustice with the plane of President Evo Morales."
In a midnight press conference, Bolivian Vice President Alvaro Garcia said that not only France and Portugal, but also Italy and Spain were denying the plane permission to fly through their airspace.
He described Morales as being "kidnapped by imperialism" in Europe.
"The ambassador for Spain in Austria has just informed us that there is no authorization to fly over Spanish territory and that at 9 a.m. Wednesday they would be in contact with us again," said Defense Minister Ruben Saavedra, adding that the Spanish government had put as a condition for passage the "revision of the presidential plane."
Earlier, Choquehuanca said that Spain's government allowed Morales' plane to refuel in its territory before flying on to Vienna.
French government officials reached overnight said they could not confirm whether Morales' plane was denied permission to fly over France. Officials at Portugal's Foreign Ministry and National Civil Aviation Authority could not be reached to comment.
Austrian Foreign Ministry spokesman Alexander Schallenberg told The Associated Press that Snowden was not with Morales.
Leaks by Snowden, a former NSA systems analyst, have revealed the NSA's sweeping data collection of U.S. phone records and some Internet traffic, though U.S. intelligence officials have said the programs are aimed at targeting foreigners and terrorist suspects mostly overseas.
He is believed to be in a Moscow airport transit area, seeking asylum from one of more than a dozen countries.
While Bolivia's foreign minister had earlier said officials did not know who was behind the "lie" that Snowden was on Morales' plane, the country's defense minister later expressed no doubt.
"We want to declare very firmly that it was an American story that Edward Snowden was on this flight," said Saavedra at the VIP terminal of Vienna's airport. "This is a plot by the U.S. government to destroy president Morales' image. We say this simply is a lie. And we will confirm this."
Morales himself was present during the improvised press conference but chose not to speak to reporters. Morales will remain at the airport until his plane has been cleared for takeoff.
In Washington, the State Department would not comment directly when asked to speak to the matter and referred the AP to statements on Snowden made at the department's daily briefing. Earlier Tuesday, department spokesman Patrick Ventrell would not discuss how the Obama administration might respond if Snowden left the Moscow airport. "We're not there yet," he said.
Snowden has applied for asylum in Venezuela, Bolivia and 18 other countries, according to WikiLeaks, a secret spilling website that has been advising him. Many European countries on the list — including Austria, Finland, Ireland, the Netherlands, Norway, Spain and Switzerland — said he would have to make his request on their soil.
One of Snowden's best chances of finding refuge outside the United States may hinge on Venezuelan President Nicolas Maduro, who was also in Russia on Tuesday.
Maduro told Russian reporters that his country has not received an application for asylum from Snowden and dodged the question of whether he would take him with him when he left.
But Maduro also defended the former National Security Agency systems analyst.
"Who must protect Snowden? This is the question. This young man of 29 was brave enough to say that we need to protect the world from the American imperial elite, so who should protect him?" Maduro said in response to a question from journalists covering a ceremony to rename a Moscow street after Chavez. "All of mankind, people all over the world must protect him."
Maduro was scheduled to spend Wednesday in neighboring Belarus before returning to Venezuela.
In Venezuela, Foreign Minister Elias Jaua said that changing the flight's route without checking on how much fuel it had endangered Morales' life.
"All the countries that have denied permission for the flight of our brother president, Evo Morales, must be held responsible for his life and his dignity as president."
Another possible landing spot for Snowden is Ecuador, where Wikileaks founder and publisher Julian Assange has been seeking asylum.
"We are willing to analyze Mr. Snowden's request for asylum and this position has not changed," said Ecuadorean Foreign Minister Ricardo Patino on Tuesday. "What we have said is that we will be able to analyze the request when Mr. Snowden is in Ecuadorean territory or in an Ecuadorean mission."
Patino added that two weeks ago a hidden microphone was found in Ecuador's embassy in London, where Assange is holed up. "We want to find out with precision what the origin of the apparatus is."
Snowden, who recently turned 30, withdrew a bid for asylum in Russia when he learned the terms Moscow had set out, according to Putin's spokesman Dmitry Peskov. Putin said on Monday that Russia was ready to shelter Snowden as long as he stopped leaking U.S. secrets.
At the same time, Putin said he had no plans to turn over Snowden to the United States.
Rebuffed by Russia's president, the Obama administration has recently toned down demands Snowden be expelled from the Moscow airport in a sign that the U.S. believes he is not worth scuttling diplomatic relations between the former Cold War enemies.
On Monday, WikiLeaks posted a statement attributed to Snowden on its website, in which he slams Obama for "using citizenship as a weapon."
"Although I am convicted of nothing, (the United States) has unilaterally revoked my passport, leaving me a stateless person," Snowden says in the statement. "Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum.
"Their purpose is to frighten, not me, but those who would come after me."
----------
also looks like Egypt on the verge of civil war .... WTIC takes out 100 ...
Are you a bitcoins fan Tiz?
I'm curious about their value, which is based on "computerpower" to calculate them
When I started computing we used 20Mhz stuff, 30 years later we have 3GHZ chips which are 150 times faster
So what takes 150 days to compute today takes 1 day to compute in 30 years kinda thing
I'm curious about their value, which is based on "computerpower" to calculate them
When I started computing we used 20Mhz stuff, 30 years later we have 3GHZ chips which are 150 times faster
So what takes 150 days to compute today takes 1 day to compute in 30 years kinda thing
I'm obviously a fan of anything that tries to screw with the centralized governments fiat monopoly 
as far as investing in it ... I'd stay away for a while and see how the market evolves with time ... Gonna be a crazy volatile ride for a while
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just a little perspective regarding the job "recovery"
as far as investing in it ... I'd stay away for a while and see how the market evolves with time ... Gonna be a crazy volatile ride for a while
-----------
just a little perspective regarding the job "recovery"
As far as their value ... There is a finite amount to be "produced" forget what year it stops and their allure is that there are no transaction fees, middle men, government involvement, and you can spend/use them on anything u want that someone will accept them for vs fiat which has all kinda of restrictions today on what u can spend your money on in the land of the free...
Haven't been following its price action for a while
it was in the 10-20 usd range up till early 2013 when the parabola to 260 began ... Now back in 60s
Theoretically it's value should increase over the long haul as it becomes more readily adopted and the amount in circulation is finite ... Whoever came up with it was really thinking ahead this isn't some fly by night digital Ponzi scheme currency and as far as competition it's hard to build a network from scratch and compete once Bitcoin irons out all the various security/more merchants accept trust/etc issues
https://en.bitcoin.it/wiki/Myths
that said if I were looking to enter I would be targeting entry in the 40s and averaging down....
anything below 20 is a steal IMO
it was in the 10-20 usd range up till early 2013 when the parabola to 260 began ... Now back in 60s
Theoretically it's value should increase over the long haul as it becomes more readily adopted and the amount in circulation is finite ... Whoever came up with it was really thinking ahead this isn't some fly by night digital Ponzi scheme currency and as far as competition it's hard to build a network from scratch and compete once Bitcoin irons out all the various security/more merchants accept trust/etc issues
https://en.bitcoin.it/wiki/Myths
that said if I were looking to enter I would be targeting entry in the 40s and averaging down....
anything below 20 is a steal IMO
