WTI Light Crude Oil Spiked

Oil Spike 26 Feb 2009

Oil Spike 26 Feb 2009

Oil price had spiked overnight as demand for gasoline is on the rise and that crude inventories have not grown as fast as was thought. .

It may continue to go up depending on how serious is the situation of the oil reserve.

If the oil reserve continue to be lower then expected and demand suddenly spike up due to stock piling…then we shall see the next wave of oil price spike.

However, it’s very dangerous to assume that the economic can handle such a big spike and cause another demand destruction hence lowering the oil price sharply once more.

We are going into the unknown territory here where there are no precedent at all…come March 15 OPEC meeting and we shall see probably another round of strong oil movements.

However, do not bet too much of your life savings into it as it will change so fast that unless you have the means to trade every single minute in response to movement….you may get burned.

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Non OPEC-12 Oil Production Peaked in 2004

Thirsty for Oil

Thirsty for Oil

According to theoildrum:

Non OPEC-12 oil production peaked in 2004 at 46.8 million barrels/day (mbd) shown in the chart below. This oil definition includes crude oil, lease condensate, oil sands and natural gas plant liquids. If natural gas plant liquids are excluded, then the production peak remains in 2004 but decreases to 42.1 mbd.

The US Energy Information Administration (EIA) and the International Energy Agency (IEA) should make official statements about declining non OPEC-12 oil production to renew the focus on oil conservation and alternative energy sources.

Read the full article at theoildrum:

- Red Alert!! Red Alert!!

Non-OPEC (Non- Organization of Petroleum Exporting Countries) had peaked in their OIL supply according to the article above and this is serious!!

This means all we have now is OPEC’s mysterious & secretive oil reserve figures that many had over inflated just to produce more oil to get more profit.

This is a key warning to all peak oil non-believers, get your act together and conserve any energy possible and jump into the renewable energy bandwagon ASAP.

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Migrate To Other Countries To Start A Farm? Think Twice…

Illegal police looting in Hippo Valley, Zimbabwe

Illegal police 'looting' in Hippo Valley, Zimbabwe

According to BBC News:

Scores of white-owned farms in Zimbabwe have been invaded since the country’s national unity government took office, a union chief has told the BBC.

Commercial Farmers Union President Trevor Gifford said 77 properties had been occupied in the last fortnight.

MPs, police, the military and Reserve Bank of Zimbabwe officials had taken part in the invasions, he said.

Read the full article at BBC News:

- I had talked with several people who knew about the future crisis such as Peak Oil, Global Warming, Climate Change, Planet X Pass by, Solar Storm or the basic total economic meltdown and ask them what is their plan(s).

I get a variety of answers and most goes like the following…

  • I will kill myself
  • I will stock up food for 2 years
  • I will continue as per normal and work
  • I will be mentally & physically prepared
  • I will be ready to buck out of harms way
  • I will migrate to overseas and use my money to buy a land to farm for food

Many of the answers are not properly thought out and does not give anyone 100% chance of survival, even though moving overseas on various lands that may or may not be fertile…the locals there may invade your properties and destroy everything you own.

Zimbabwe is a perfect example of the future we are looking at, hyperinflation & economic wasteland that depends on farms for subsistence yet because of serious widening rich and poor gap, the people including the MPs, police, the military and Reserve Bank of Zimbabwe officials starts to invade private properties to destroy, loot or take over the properties from their rich owners.

It’s the worst Mad Max scene where you alone cannot stop a mob of raving mad gangsters to invade your precious farms or “fort” and remove your possession & destroy your livelihood.

I believe some countries that have license to own guns maybe able defend their property however that may be only temporary unless you have a regiment of soldiers that can guard the property 24/7 and bobby trapped the surrounding area with motion detection trigger explosive.

However, this is not the Hollywood zombie movies…this is real life stuff.

Survivors of the next global holocaust are preparing to take the risk…take the chance to prepare for what they believe to be the end of our industrial age and back into the dark ages where every man carries a weapon for self defense.

Well, amusing to most that many may deny that such talks are from a doomer nut but isn’t the newspaper or your local news had declared that energy from fossil fuel may not be any easy to find anymore? Evidence of global warming & climate changes is evident to everyone, economic crisis are just showing it’s ugly head when millions around the world find themselves jobless and unable to secure a reasonable paying job.

If one day you find yourself jobless and unable to find jobs for few months…you say it’s ok, you got savings and family that are still working.

What if your money became worthless due to hyperinflation (Zimbabwe style) and all your family & friends are like you jobless in the streets?

You find yourself unable to squeeze into the local job fairs & unable to compete with foreign talents (China PHDs for dish washers anyone?) who had rushed  into your countries like refugees to find jobs with high certification & lower starting pay…

You eventually got into the job scam that swindle your last savings to pay for the “referral fees” to a conman, broke and destitute with nobody to loan you money…you began to beg or rob people.

Some younger people end up looting supermarket in the masses for food & starts to protest loudly and publicly for more jobs creation.

Anger starts to flare and riot police began to hammer down your group of newly acquainted “beggar clan”, one of them died.

Revenge violence spread through the streets combing all the properties that the rich owned such as farms, condominium, private properties, supermarkets, shopping centres and mega retail stores…looting and stripping anything of value back to their make shift slums in the forested area.

Governments starts to clam down on illegal tapping of electricity by the slums and sends paramilitary police with machine guns to “clean up” the mess and chase away many people and many who are too weak to move got mowed down by gun fires.

Gangs starts to form within the slums that rumored to had acquired weapons from various sources, some say the some police or military defected …some say the weapon caches were looted previously.

The rich shop owners have to pay protection money against any “troubles” and soon there were turf wars between many different gangs and the police usually comes down and mow everyone down again…clean with machine guns.

By then nobody can afford electricity, food, clean water, computers or even that baby powder for the next generation.

The above is from my own imagination and not factual but may be possible if the economic crisis continues to grow in momentum and the fact that PEAK OIL may worsen the future economies even further spells doomsday for many.

Just how long can you last in concrete cities that have no land to grow food? And even if you find land overseas…can you defend it for long?

I think the solution is clear, we as human race MUST learn how to survive without money as soon as possible to be self sufficient…earlier rather then later.

Learn the following.

  1. Grow your own food using aquaponics
  2. Basic electronics to connect solar panels
  3. Water creation via Solar distillation
  4. Identify edible plants in the surrounding
  5. Better investment on skills & items of value
  6. Secure an property that have the basic security
  7. To know your neighbors
  8. Teach others on how to survive
  9. Share your experience safely
  10. Trust nobody except your instincts
  11. Prepare for the worst

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[Food] Easy DIY Indoor Aquaponic Growth System (Video Dairy 5)

The DIY Indoor Aquaponic Growth System status report on the growth of my vegetable garden. 1. Kang Kong is growing up pretty fast… 2. Xiao Bai Cai is spreading all over the place Let me write a small review on this setup and the problems encountered & unsolved problems. Aquaponics is a combination of hydroponics and Aquatic fish breeding to make a 90% to 100% maintenance free. The benefits of my set up is as follows

  1. Save lot’s of space
  2. Able to plant vegetables indoor
  3. The vegetables can be sheltered from extreme weather such as winter, hurricane, drought and etc.
  4. Scalable expansion depending on your building weight limits on the floors.
  5. Can be used outdoors as well
  6. Quite hassle free, just need to feed the fish…the rest is automatic. (Maybe get an auto feeder!)
  7. Almost “Free” Food
  8. Fish waste as fertilizers means it’s Organic vegetables (No pesticides or natural gas fertilizers)

The disavantages are

  1. Slightly expensive to setup initially especially during trial and error
  2. Need some knowledge on fish breeding
  3. Troublesome to build if you are unable to gather all the components.

There are some problems that I had encountered previously during the set up process and mistakes made that cost me some money to replace the “Ikea Snail Buckets” because I had drilled holes into the bucket wrongly making the set up noisy and very annoying.

First problem that I had faced was the noise, the splashing noise can be heard from the next room if there was no stone pebbles inside the buckets. After reviewing some other people’s setup such as ninamichelle77‘s video on her Aquaponics System,

I had decided to follow her hose design with slight modification. Then the second problem is the water pump sucking fishes into it’s “final destination” and end up in heaven, I managed to connect a “fish protector” from the pump to prevent small fish from premature death ^_^.

The third problem is the risk of clogging at the drainage hole (hose connector) inside the bucket from small pebbles, I managed to find a small tea strainer to cover up the hole to prevent any small stones from clogging the opening and able to cover the whole strainer with stones without clogging! :)

The fourth problem is the loud drainage noise that happens every time when the water flow is large hence I installed a valve to the setup to control the flow of water and the noise just disappeared! :)

The current pending problem is the top bucket is still not very well irrigated which probably delayed some of the growth, I am still thinking of ways to improve the water flow and currently testing if lowering the platform can slow the water flow and irrigate the top bucket better.

The plants is doing great and the molly fishes are doing rather well  in the tank :) The wild common mollies are very good jumpers hence I had to cover the top part of the fish tank using some plastic cut out cover but still 1 or 2 still jumps out occasionally at some small openings…but it’s not a serious problem for now.

The common mollies love algae wafer & flake fish food hence I have no problem breeding them but I will love to get my hands on a tilapia (Japanese fish) this weekend if possible but I know recently the weather is terribly hot causing many fishes to die in the drains…saw a few floating tilapia last weekend!

Ok, that’s all for today’s  update…stay tune for my next update probably a few more days before I post again on this project. My next project might be very interesting, it might be a project on water & sun…stay tuned!

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North Korea Missile Test Soon…

Let’s turn back the clock for a while and review what exactly is happening in North Korea in the past 3 months.

NKorea may or may not launch their missile this month which will be the perfect threat to gain maximum attentions so that they either have an “explosive” election or some blackmail aid from China, or USA.

This however also risk more sanctions against NKorea, the clear danger is possibly not by the missile threat but the actual test itself, this missile can possibly be landing as far away as USA if it’s true meaning that the world may be approaching to the first nuclear holoucast earlier than we blink?

This month may be the month of high tension between the 2 korean sides and sparks may simply fly off the tension.

If you are in the line of fire or “misfire”, you should get prepared for worst case scenario for a nuclear radiation fall out and possible EMP blast that may destroy many electronics all at once if they are not protected from EMP.

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Israel Fighting Covert War Inside Iran!

Israel Fighting Covert War Inside Iran

Israel Fighting Covert War Inside Iran

According to Yahoo!News:

LONDON – Israel is involved in a covert war of sabotage inside Iran in an effort to delay Tehran’s attempts to develop a nuclear weapon, the Daily Telegraph newspaper reported Tuesday.

Quoting intelligence experts and an unnamed former CIA agent, the newspaper said Israel’s “decapitation” strategy had targeted members of Iran’s atomic program, hoping to set back the country’s nuclear ambitions without resorting to war.

The program has taken on extra emphasis with the election of President Barack Obama, who has adopted a more diplomatic line with Iran, quietening former Bush administration talk of a possible military strike against Iran to hit its nuclear assets.

“Disruption is designed to slow progress on the program, done in such a way they don’t realise what’s happening,” the paper quoted a former CIA operative as saying.

Read the full article at Yahoo!News:

- Yeow! This article apparently released on purpose because if it’s supposed to be a “secret” then…this may be the very article that cause the death of those secret Israeli agents working inside Iran!

Or is it something else all together? Is this a way to counter the Iran ambitions by making themselves second guessing their own people? Make them remove some key personnel from the whole nuclear project for “generating electricity” hence indirectly delaying the status without lifting a finger.

Very clever chess move I might add, but if indeed it’s true that there are saboteur inside Iran…than they must be in extremely dangerous situation since this article had almost certainly sounded the alarm bells within Iran.

Iran now desperately wanted the advanced anti-aircraft system, S-300, from Russia.

Russia is contemplating it’s next chess move whether to support Iran and risk spoiling any chance of developing a relationship with the new America to foster brand new political & economic ties with USA and Washington could slow development of a missile defence system in Europe…OR Join Iran to fight against USA & Israel for whatever reasons…oil?

If Russia goes towards giving Iran the S-300 anti aircraft missiles, it will means that IRAN WILL NOT BE EASY BOMBING TARGETS ANYMORE….This means if Israel or anyone wish to Bomb Iran…it will have to happen before Iran can get their hands on S-300 missiles which is called SA-20 by the west.

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[Food] Easy DIY Indoor Aquaponic Growth System (Video Dairy 4)

The Xiao Bai Cai (type of small version of cabbage) & kang kong are currently leading the way on the vegetable growing in my DIY Aquaponic Growth System hehe.

Those are local vegetables suitable for equatorial climate in Singapore, I bet you can grow other delicious vegetables in your location :)

Regarding the fish trap that I had designed, see below for more information :)


Building A Cheap Fish Trap (DIY) For catching fish in the wild.More DIY How To Projects

Here’s the video dairy number 4!!

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RED ALERT: FX Dislocation In Process

U.S. Dollars

U.S. Dollars

According to The Market Ticker:

8:17 CT

I do not know what is going on here, and I don’t think I want to.

Someone, apparently someone in Asia, wants dollars.  A LOT of dollars.  There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading.

It originated at approximately 7:15 CT this evening and originated out of Asia somewhere.  All of the primary currency crosses got hit at once – Euro, Pound, Yen – all weakened dramatically against the dollar and it is still going on.  The Asian stock markets got walloped at the same time in coordinated waves of forced selling.

Read the full article at The Market Ticker:

- Alert! If this is true then we must prepare for the worst as there will be serious collapse in the financial market all at once, not sure what is going to happen.

The article had even shown a montage of nuclear explosion but is it that bad? I wonder what does it mean to the people on the ground trading…or the investors.

Does that means more people going into serious debts? More people earning more money via Forex trading?

Do leave your comments on this!

Thanks lowem for the heads up for this alert!

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[Transport] Green Vehicles News Round Up

electric smart car EV

electric smart car EV

According to star-telegram.com:

Fort Worth entrepreneurs try to make electric cars a thing of the now

Long and O’Neal, with initial backing from a handful of other investors, have formed Evcarco (for environmental car company) to develop a chain of dealerships that would specialize in the sales of new and used green vehicles.

Read the full article at star-telegram.com:

Recently, Volkswagen and Toshiba signed a letter of intent to cooperate on the development of electric vehicles.which may spur some positive market movement in both companies.

Ford plans to have a family of plug-in, battery and hybrid vehicles by 2012. Chevrolet plans to introduce an electric car to the consumer market by the end of next year. Toyota says it plans to add solar panels to its hybrid Prius in 2010.

French tire maker Michelin SA and car-parts maker Valeo SA Friday said they will link up to develop systems for electric and hybrid vehicles.

The two companies have signed an agreement to develop new technologies for creating tires, drivetrains, systems for engine and battery-cooling management, climate control, lighting and energy management.

Honda said that demand for hybrid vehicle Insight is soaring in Japan with orders topping its monthly target of 5,000 in just over a week.

- It seems to me that the world is currently stirring with excitement to the new possibilities of green vehicles such as plug-in hybrids & full electric vehicles, it’s now the battle for the most energy efficient cars and hopefully this MAY be the real bail out from their recent financial troubles.

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Russia May Cut 320,000 barrels per day, if oil prices fell further.

According to Yahoo!News:

Russia is working towards creating a state reserve to buy crude from producers when prices are low, potentially removing up to 16 million tonnes of Russian oil from export markets, a top energy official said on Monday.

Deputy Prime Minister Igor Sechin, who oversees the oil and gas sector, said the move could help the Organisation of Petroleum Producing Countries stabilise oil prices.

Sechin travelled to Algeria in December and told OPEC delegates that Russia, the world’s second-largest oil exporter and the biggest outside OPEC, could cut exports by 16 million tonnes, or 320,000 barrels per day, if oil prices fell further.

Read the full article at Yahoo!News:

- This means Russia is going to propose their own supply cuts to assist in “stabilizing” the oil market which in layman terms to INCREASE the oil prices by supply cuts.

Russia wants to wait until OPEC meeting in march to propose the plan to OPEC to have a joint supply “cuts” to have a major impact on the oil prices…

15 March 2009 is the date to watch as OPEC Meeting will take place in Vienna, Austria for the 152nd (Ordinary) Meeting of the OPEC Conference.

16 March 2009 Monday will shall see some kind of speculative oil price movement that may or may not move beyond $45 per barrel which is highly incredible if true but if OPEC decide to turn off more oil from the export market and create an artificial oil shortage…the oil prices MAY SPIKE over time when the delay effects comes about one month to 3 months depending on how fast these oil producers wants it.

End March we shall see high oil prices fluctuations and crazy speculative trading that most people will either cash in or crash out in a short period of time, my advice is to watch and see if the oil prices momentum before any actions.

There will be hardship for those who can’t keep up with the possible hyper inflation that started off as a “Economic Stimulus” to bail out banks and the country’s crippling economy but it the “free money” may end up giving inflation a big boost.

My speculation may be a possible drop in USD after March 15 and very sharp movements to Crude Oil Prices for at least a few hours before yo yo up and down like mad.

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